The morning call., 1893-12-11
DECEMBER II. 1893
HINTS FOR CAPITALISTS.

NdliIOInid cOulatn5 g0OQIV mum Der OF
well-to-dO men, most of whom have made
their wealth on this coast. Some Of them
are quite content with their accumuiaiions
and do not care to risk any portion of them
In new enterprises. They have made in-
vestments in bonds. stocks and real estate,
and now only concern themselves in louk-
ing after the same. That particular field
has probably been worked for all it is
worth. What California wants to-day
more than any other thing is the develop
ment of a class OF men who have means
and who are willing to risk the same in
some new legitimate business enterprises
or the enlargement of some already in ex-
istence which are in need of more push
and capital. There are quite number of
industries in this city and State that might
be made to pay much better If more energy
and capital were put into them. There
also many uncovered fields that ought 70
be opened.
A man of money often does good thing
for himself and for the community when
he srects large building, with all the
modern conyeniences. for Offices or other
business purposes. Such structures tend
to beautify the city, to give it substan-
tai and permanent appearance and to in
crease its resources for municipal tax pur-
poses. But fine buildings only serve TO
house people. They add nothing to the
productive wealth of the people except the
owners. In some cases the new building
Is not necessity; it simply affords more
desirable quarters for those already pro-
vided for. The new building finds ten
ants. but often at the expense of less pre-
in ltnf ,saf,, ,;@x,
Where new structures simply result in de-
popu iating older ones no great addition
has been made to the wealth and resources
OF the people. One mans revenue from
rents has been increased while another q
revenue from the same source has been
decreased. New buildings alone do not
create new avenues for wealth.
Our point is just this Here is a man
with million dollars looking about for
some form of investment. He may put
into bonds or the stock of some incorpor-
ated business, either gas, water, bank or
insurance, or he may erect a building for
rentals. His investment along either of
these lines may be fairly remuneratiye.
but 1T has not provided employment for a
single additional person in the community.
Suppose he puts his million dollars into
an enterprise that employs labor which
produces something that the people want.
That man has done something for the COM
munity as we'll as for himself By adding
to the industrial population he has created
an increased demand for ali the necessaries
of life, for more houses to shield the
people, for more oflce.room, for more
streetcar facilities and for more of eyery-
thing that goes to make up the conditions
and comforts Of life. He not only gets a
direct profit from his ventura, but he adds
to the value and revenue of all his other
investments.
Are there any opportunities for new
manufacturing enterprises in California
or The enlargement Of old ones? What is
the meaning Of these sixty or seventy ship
loads OF Eastern merchandise annually
landed on the wharves in this city, to say
nothing OF the thousands of tons of as
sorted Eastern freight dumped from the
Panama steamers, and long trains of cars
that have crossed three thousand miles of
track to get here? Look over the list of
goods received through these channels
ana see how many things there are which
could be produced here as well as on the
other side Of the country. Only a partial
investigation will reveal enough to open
the eyes of many to the dormant resources
1or seli-heip that lie at our very doors,
wnlch only need little courage and
httie coin to spring forth into living
streams OF industry and prosperity.