The herald., 1893-10-05
PROSPEROUS THINGS AHEAD FOR Los
ANGELES.

The opening days of October show a
remarkable vitality in all the lines of
business in Los Angeles. We have. of
course, been obliged to chronicle sunl-
mer which was madc dull not by any
conditions which existed in Southern
California but by panic which was
precipitated from the east, and in which
silver was made the innocent medium
OF the havoc wrought Whole common
wesths were prostrated, and they were
commonwealth which distinctively
added to the wealth OF the country.
Southern California, OF course, shared
in the disasters that overwhelmed the
country, but the recovery of Los Ange-
les from momentary depression was
something almost miraculous. The
state, and Los Angeles county with it,
sustained great damage through the
timidity OF capital. For months it WAS
impossible even to get money to move
the crops, and naturally prices OF most
staples, and especially of grain, suffered
heavily. But nearly all these draw
backs have disappeared, and the clear
sky which for three hundred and twenty
days OF the year always discloses itself
over the beautiful Los Angeles valley is
now without speck to dim it's luster.
History is said to repeat itself. 1t
will probably do 80 in the present in
stance. The panic of 1873 introduced
the fret really great boom Los Angeles
had ever had. With the failure of Jay
Cook & Co. innumerable people in the
east found that their occupation was
gone. Engaged in large operations in
the centers of capital they found that
their diminished means disabled them
from competition with their more for
tunate rivals. Very naturally they con-
cluded to realize on all the resources
they could command, and to HE them
selves to q new and growing region,
where their retrenched capital would
still be relatively quite considerable.
Los Angeles received the bulk of that
immigration following upon the panic OF
1878. She will profit in similar way
in 1898, and the only difference will be
that she will 30 profit on much larger
scale.
In addition, the closing of the Worlds
Columbian fair will produce results that
few OF our people dream of. A very
large proportion OF the people who have
profited by the great concentration OF
wealth at the Windy City during the
six months of the fair are perfectly
aware that tremendous reaction in the
line of dullness will follow upon its
closing. They have made preparations
to seek fresh fields and pastures new.
Many of them are aware OF the fact that
Southern California, and Los Angeles in
particular, offers most inviting field
for the investment of capital. They are
coming west in great numbers, with the
determination of growing up with the
country.
We think we know whereof we speak
when we predict that the coming winter
and spring will be signalized by phe-
nomenal additions to the population,
wealth and enterprise of Los Angeles.
The Angel City has the cali amongst all
the growing and progressive cities of the
United States. Excelsior" is written
on her fair young brow, and the man
who casts in his fortunes with her fu-
ture will be we'll rewarded. Even now
an experienced eye can discern the
signs of development that will surpass
everything recorded in her past history.