The herald., 1893-11-02
PLENTY OF MONEY AND FLUSH TIMRS
IN LOS ANGELES.

Inc amount Oh money W llcn na6 &C.
cumulatsd in such cities as New York
and Chicago is something altogether out
OF the common. 1t has been concen-
trated at a great loss during the past
four or five months. and has earned ab-
solutely nothing. Now that the object
of the artificial panic has been accom- i.
plished there will be an undouhted ef-
fort to bring about an appearance of
prosperity, or, at least, of activity in
business. The men who have made
money srtifcially tight by boarding it
will be anxious to recoup themselves for
lost time. and there is no question but
transactions will be increased in volume,
and that money will be much more
abundant than it has been. No more
inviting field for its investment exists
anywhere in the world than in Southern
California, in southwestern Nevada and
southwestern Utah. There is not Sec
ton of this splendid domain that will
not repay those who have the sagacity
to invest in the development OF it's null
tiform riches. In view of the quite
general suspension OF industries in the
the east, an unusual amount of money
will seek the Pacific coast for profitable
employment.
We are already beginning to expert
ence marked revival in Los Angeles,
and money is becoming more plentiful
every day. The figures which have pre-
vailed cannot possibly be maintained.
Cash is coming out of all its hiding
place., and the quest for investment has
begun in earnest. Four months wasted
in boarding money in stockings, or lock-
ing it up in safe deposit boxes, has not
been productive of much profit. 1t is
pleasant to know that in Los Angeles,
at least, the flow of coin and cash
hitherwards is liable to take on unheard
of proportions. Not day passes that
is not signalized by the arrival of large
numbers of people who have come
here in person as an earnest that
they intend that their means
shall follow them. They are on
the track of investment. They have
been coming here for the past two
months or so. There has not been a
day during that period in which our
hotels have not been filed to their ca
pacity, and the Los Angeles Boniface is
now confronted by such rush that he
wonders what be will do with his guests
as the season advances. The proprietor
of the immense Hotel Green, which has
been extended and besutiied, wonders
whether he will have room to accommo-
date the immense numbers of tourists, 4
of an exceptionally high class, who
have applied for rooms there. Tofa a
great extent the same may be said of
nearly all OF Southern California. For
the first time in years Northern and
Central California are preparing to get
into the swim through the medium of
their Midwinter Fair, and the prospect
is good for universal activity and
prosperity on this coast.
There is nothing strained about this.
There will be more money this fall and
winter in Los Angeles than at any
time since the boom, or than, probably,
at any time during the boom itself. We
may look forward to fush times and
plenty of money. There is only one
Southern California. just as there is
only one Riviera. The difference be-
tween the two is that the harvest of
gold in the former will be obtained by
judicious investments, instead of the
gaming table. All the rest, climate and
other things, that would attract an
American, being very much in favor
of the California Eden. Severe trials
are ahead for those hereabouts of an
atrabilious temperament, who like to
rival Mrs. Gummidge as a croaker.
The beat times Los Angeles county has
ever known are just ahead, and they
will be based on judicious investment
and energetic development. Thousands
who have made money in Chicago will
invest and spend it here. They have
planned to do it, and many Of them are
now on the way. We are approaching
an era OF plenty of money and flush