The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1894-06-02
A BREAK IN TIE CLOUDS.

now are engaged in profound specula-
ton as to the future. 1t is mood
which. in an individual, would be known
as the introversive. The people of all
parts Of this great country are intent on
finding out how they stand. With ev.
cry fiscal note Of an unpleasant tenor 1t
behooves both individuals and commun-
tiles to take into the count all the signs
for good or Ill that may be deserted on
the horizon.
The outlook for the country at large
Is bad. The Herald has repeatedly
taken the stand that this Is owing to
the Mckinley bill. That act set ell the
people OF Europe to ''colloguing'' as to
how they could get even with us. That
they have had some power in a repress-
i've sense cannot we'll be doubted. To
adopt convenient colloquislism, they
have stood the country on Its head, SO
to speak, and they have been able to do
il because the Repu blicsn party. which
started in to build up the Chinese wall
of exclusion around the United States,
in the Mckinley bill, has been the slave
of England whom il came to demonetize
silver. Without reconciliation of sill
yer, outside of q few months activity,
which will be an incident of the DISPOSE
ton OF the tariff, one way or another,
there never will be any prosperity either
in this country or Europe. The game
which aims to enslave all the debtor
classes ie not yet we'll understood. and
until it is 80 understood. and thoroughly,
trade, commerce and manufactures will
suffer from universal syncope.
Assuming that our postulate is correct,
what is the outlook for Los Angeles?
The HERALD has steadily claimed that
period of great depression in the east
and even in Europe would be followed
by heavy addition to our population.
able hereabouts for the exploitation of
our resources. We are aware that, to
many, this will be novel theory. but
it is true one all the same. We think
that it is an exact exemplifcation Of the
word paradox. In 1S73-the year OF
panic which followed last upon the
heels of the failure OF Jay Cooke-the
first real "boom" that Los Angeles city
and county ever knew began. The in
Vulnerable failures and the extreme
money stringency which followed upon
that disaster, disturbed the money status
OF myriads OF people. No longer able to
hold their own in the business and
speculative avenues with men whose
purses were longer than their own, they
concluded to realize what means they
could, and come to q new and virgin
region, and grow up with the country.
And what sensible conclusion that
WASP Why stay within the prism of
failure, suspended industries and par
the Pacific ocean, they can HE them to
a region of perpetual summer, whose
development is as yet in its infancy, and
from which three or four carloads eau
be shipped as the product OF single
acre to the expectant people of the east.
The dickey- birds themselves are wise
enough to whisper into the ear OF an as
piring person, with vitality enough to
still nourish hope, go west, young
man, go west"
They came here in 1873 and they have
come and are coming now, and in multi
tudes. We have recently given Stats
tics in which we have sho wn that Los
Angeles ia today increasing in popula-
ton at the rate of nearly ten thousand
souls year. This estimate of ours was
founded upon the building permits. the
school census and the water and gas
connections. There could not possibly
be more reliable indicia than these.
The ratios as to increase OF populate ion
on all these heads is easily understood.
Progress of magical kind is reported
on all hands. 1t is an axiom of politi-
cal economy, cleaned from careful inves-
tigstion, that the enhancement in real
estate values is threefold that OF
population. Thus, those who are
fortunate enough and ssgscious
enough to invest in Los Angeles real es-
tate at the present low prices, will be
sure to make more money than they can
hope to realize in any other kind OF in
vestment. In addition, they will be al
lowed their choice of the varied and linn
itless fields which the vast expsnse of
territory tributary to Los Angeles holds
out to everyone with sufficient good
sense to avail himself of his opportuni-
ties. Los Angeles is emerging, and with
superb acclaim, from the mushroom
boom of 1869, and the preceding
years, and is entering upon an enduring
aad splendid boom, founded upon pro-
duction, upon the development of unri-
vailed mineral resources and upon COM
MERGE which is destined to be colossal.
Already one of the finest railway sys-
TENS, local and transcontinental, in the
whole world, has the Angel City for it's
objective point. Two transcontinentel
railways will soon be added to those we
have already. They will traverse regions
incidentally rich in coal, iron, lead, sill
YER, gold, nitrates and nearly every form
of metallurgicsl wealth known to man.
Port Los Angeles and San Pedro are al
ready the focal points for what will, in
the next lustrum, prove to be vast COM
mercs. The people of Chicago are now
looking upon Los Angeles as Pacific
extension OF the Windy City. Every
whore in the east the possibilities of the
City of the Angels, with its tributary