The herald., 1894-04-23
HEARD ON A TRAIN.
OPINIONS OF VISITORS AS TO THE
LOVELY ANGEL CITY,
with = Few Remarks Psrtin emily
Added, in Reference to the
Places They Left
Behind.

~oN~s hait hie tituo hb RououuO UohCut
coming up to the city at 7:45 a. m. and
returning at 5 10 in the afternoon. On
the train he meets with men from all
parts OF the union, attracted hitheI
chiefly by our fine winter climate, al
though there are a few whose visits are
solely of business nature. One oi
these is Judge G. H. Carey of Portland,
Ore, who ie president of the Willamette
Lumber company, whose monster mills
are located in the north end of that
city. AS there has been for the past
twenty years q great rivalry between
Portland and Los Angeles as to which
should be the second city OF the Pacific
coast, the HERALD man entered into the
question with good deal OF earnest
ness. In reply as to how the Webfoot
metropolis Was coming on, Mr.. Carey
said:
Portland has just passed through the
toughest winter In all her history as a
city, and, considering the long-winded
credit system that prevails there, and
has prevailed there ever since the Nez
Perce gold excitement Of 1852, she has
come out of it better than | thought she
would. She has no end of latent wealth
behind her, and any such financial de-
pressions as she has passed through are
but temporary"
Your bank failures were very disas-
trous last year. were they not, judge ?"
queried the reporter.
"Yes, they were bad enough in all
conscience" replied Mr.. Carey, "but
believe they could have been avoided if
all the banks had stood in and helped
one another. If William s. Lsdd, who
has our biggest financial brain bv q
good deal, if be had been alive, l ssy,
the thing would not have happened.
He would have advanced the means to
tide the other banks over the emer-
gency and put his own men In to run
those banks until they got out of their
temporary trouble"
'What led these banks into those
embarassments?" asked the reporter.
"Chie6y speculation in suburban
property. One Of the banks was headed
by a man who came out there from the
cast and who WAS badly overrated, both
as to his wealth and business ability.
He became an owner in one of the
banks there and at the end OF year
or two, made 8 successful attempt to
oust the president because he wss en-
gagged in silver mining in Northern
Idaho, which was regarded SO q Tisky
business. With the old president once
out, the new man began something f
good deal more risky, and either in
vested the banks funds in suburban
property or loaned the persona, funds
for that purpose. Another bank in the
same city did the ssme thing, and with
two such suspensions in FIVE days it's no
wonder things got very black eye"
How does the appearance of things
in Los Angeles striks you?"
VERY we'll indeed, sir. This city is
not only very beautiful and healthy
city, out it is also having very healthy
growth in exact proportion to her tribu-
tary country and its development. the
esnI Or >mEue -rsA sAatrIst-rietRa beat teas
issue of building permits. There is no
other city of it's size III all America that
can show alongside of Los Angeles in
that respect. And the best part OF 1t
ALL" continued Judge Carey, sis, not
that these houses are being built So
tenements, but that they are, for the
most part, cheap but pretty little cot.
tages varying from $1,000 to $500 in
cost, and owned in almost every instance
by the occupant. It is a very good eign
for city that 40 many OF her clerks aud
mechanics are not paving house rent.
Fifty years hence will see this a mar
vsIously rich city, if things go on at this
rate"
How do your sales of lumber COM
pare with those OF former years ?'' asked
the reporter.
"Growing slowly and surely all the
time. just aa ycur city has continued to
grow Several new concerns have
started up in the past three years and
they have all had THAR personal follow
ing, but our sales are nearly double
what they were in 1889, which is the
best evidence of the growth OF your
town and the country about 1t. Take
my word and get some land quick.
There may come a day when you Will
be sorry for having neglected it,"
Going down to the beech that after
noon on the $40 train the reporter
made the acquaintance OF Mr.. Robert
Bailey of Denver, who has been for some
years connected with the banking sys-
TENS of The midland metropolis. The
reporter asked:
''How do you like the change from the
mountains to the sea ?"
1.-The very thing [ wanted" replied
| Mr.. Bailey, land it's worth all the doc
tors prescriptions that can be written on
whole ream OF paper. Itsgrsat medl-
cine, this climate Of yours"
"How are business matters in your
city, since the repeal of the Sherman
bill?"
"Not 30 bad that they might not be a
good deal worse" said Mr.. Bailey, with
a marked emphasis. "Our argsntiierous
galena properties have gotten quite q
hard slap in the face, hut our gold quartz
properties are better now than they have
! been in years. | see this morning. q
! HERALD has an article upon that subject
and it treats the subject very under.
standingly when it says that the cessa'
ton of the silver industry has created q
new impetus in prospecting for aurifer-
ous veins. Many OF our ablest and best
prospeetors had gotten into the larger
towns and settled down to a slow and
easy way of getting a living by working
in the mills, but just as soon as the mills
shut down they had TO get ont and &c
a-rustling, and the state has already goi
the benefit of their talents in the pros
pscting line"
"Do you think the discoveries will be
OF permanent value?" asked the pencil
pusher.
"Why shouldn't they be? Look il
your own state at the lodges Of Nevada
and Amador counties thGt nave beer
worked persstently ever since 1852
Look at the Geld Hill mine in Boise
county, Idaho, that has yielded from
$4,000 to $4,000 profit every month since
1866. Look at the Connor Greek mine
in Oregon that has never been closec
down 90 days since 1868. Wnv have
..Ao TO hu