The herald., 1896-01-18
Conserving Wasted Products of
the Orchard and Grove
HARD NUTS NICELY CRACKED
Report Of an Impromptu Debate on
Live Topics
A Rival to Truffles RuthIessIy Wasted
Freight Determinations Cut
Review of Finance

California will very soon be one of the most
interesting of subjects, said f. w. Beard of
London. Eng, chatting with an impromptu
symposium of gentlemen from nearly
every state of the union, at the Hollenbeck
yesterday. Take for instance the almond
and the olive, which require many years.
careful culture before they yield fair in
terest on the capital and labor invested.
But did you every observe the sheer waste
of the delicious walnuts that grow SO we'll
close to the city? Why, young walnuts
picked are by many esteemed above the
costly truffie, and the expenditure of time,
and cost of material is very slight,
Bushels of them fall, rot or are eaten by
squirrels.
Yes, that is so, interjected Fresno
man, but it is. think, no ignorance of the
value OF the nut which causes this neglect;
it is the high rates charged for transporta-
ton which initiate more severely against
Naples. Barcelona or Messina; that is dis
couraging, and is to be taken into account
as most important factor.
G. III. Norton of st. Louis turned the talk
in another direction by the remark: While
hair-brained men who expect the acquire
ment of immediate wealth from small in
vestments in remote mining speculations
and, Micawber-like, are waiting for it to
turn up. the self-contained man is all the
time seeking some solid permanent in
vestment for his money.
Rev. ]. W. Small of Utica, N. Y, in a
dreamy way said: The beauty of a life in
Southern California to one who wishes to
revert to the primitive and ideal one is,
that it meets so closely those conditions
which go to make up the contemplative
side of human thought, and, for example,
made Job not merely the architect of the
great pyramid OF Ghizeh-the eternal mon
ument of truth and right-doing-but the
father of all that is most beautiful in sue
ceeding literature, the matchless tragedy
of his own life, with himself as the hero.
E. II. Lamorcier of New Orleans said:
think the day is about to dawn when dis
contented men and women will revert to
first principles. perhaps from sheer revul-
sion from the shams of our present civiIiz.
ation, and find, as has been suggested, the
purely pastoral life to be the happiest.
And this is not step backward into bar
barism but an advance in the line of prac-
tical philosophy. Scoff1ng at effete mon
arches used to be thought very smart;
now we see the amusing spectacle of thirty
millions of people hypnotized into the be-
lief that they have mortgage on the en-
tire earth and can foreclose at any time.
Skilled and unskilled labor is now seeing
that it is in the hands of clever manipulate
ors. in other words, that they have been
cats paws for foreign monkeys, and that
est good to the greatest number and not to
privileged cliques.
George Easton, the vice-president of
Easton, Eldridge & Co., said:
"Our advices from London are that the
situation has materially improved. This
skrsv nIryv v<~
Gates that the clouds of doubt that have
been lowering about the financial situation
throughout the world are clearing every
day. There is little doubt in my mind
that we are going to see better times in '96
than we have had for many years. GER
tainly better than we have had for the past
four years. Of course, it is very easy to
predict good times; not SO easy to find that
our hopes have been realized, but still in
dications point to more prosperous year.
and to a thinking man, who will stop to
study the situation, there can be no room
for doubt. The idea of popular loan
emanating from the people, and the gov
receive in it's financial needs, from the peo-
pie themselves, is the surest evidence that
prosperous times are dawning. A popular
loan in this country means what popular
loan did in France in times past.
"Locally, we have nothing to be dis
couraged about; though in realty matters
times have certainly been dull in the past
few weeks; it has been due largely to the
holiday season, in which invariably the
people give little time to realty matters.
Now that the new year has fairly opened
and we have had a generous rain, the most
pessimistic must certainly view things
more hopefully.
/ believe in the year 1896 the opportu.
mites for investment will be equally az
good and better than they have been in the
past four years, and while there has been
some comment on the street as to the dam
ger of overbuilding in Los Angeles, there
can be no question in the minds of any one
that improvement of lands by the erection
of pretty homes is move in the right di-
rection. l spent this morning driving
about in the southern and southwestern
part OF the city, and could not fail to no.
tice the large number of pretty homes that
have been built and are occupied, taste
fully fitted up, evidencing the growth of
Los Angeles in the right direction-its
home life. Overbuilding and drawing to
one section of the city to the detriment of
the other that is already built up is per-
haps to be deprecated, but there can be no
mistake in the building up of home in
the outskirts of a big city like Los Angeles.
I believe there can be no overbuilding in
this respect, and such work should be en-
couraged rather than discouraged by men
of influence and capital.
We have lately made a number of loans
for our Pacific Coast Savings Society and
have decided to open on quite an extensive
scale branch of the bank in Southern
California for the purpose of localizing the
work of the bank throughout the southern
counties of the state, and it is our purpose
to aid our stockholders to acquire homes.
II believe when the year is closed and
summary is made up we will all find
good credit on the right side in the ledger,
and that realty matters have taken on
somewhat of their old time activity, and
properly so, because the conditions upon
which they depend for life have been ma
terialIy improved"
j. W. Sanderson, of the London and
Westminster bank, said last night: "The
money market is glutted with stagnant
funds awaiting profitable and reasonably
secure inves tment. The want of conf
dence occasioned by severe losses made on
farm loans in the west and northwest, and
even on city property in desirable cities,
causes much caution on the part of those
having trust money to invest. The recent
bellicose talk on both sides of the Atlantic
has not caused ripple to disturb the pla- |
cidity of our belief that no extremities will |
be resorted TO in pending discussions of |
territorial rights affecting the principles |
laid down in the Monroe doctrine.
S. W. Ereese, a Sacramento valley |
rancher, said yesterday morning: "It be- |
zan to rain slightly in lone a week ago,
and occasional drizzles have softened the |
surface of the ground all over the country
leavy rain came now, it would sink deep
nto the soil, and do vastly more good than !
. heavy downpour on hard, dry ground. !
There ia no scarcity of feed for range stock