Los Angeles herald., 1906-07-29
Jones G. Ryder Land Company

! Ailo Clty udS tNDeIleHCtu, dS well dS W
| present conditions and the probable effect
upon property values Of recent happen
| ings a representative of The Herald
| called upon Mr.. l.. II. Jones' the head
of the firm of Jones q Ryder Land
Mr.. Jones came to Los Angeles about
two years ago, after having visited all
| of the principal countries of the world.
and invested heavily in real estate.
What was the reason, Mr.. Jones, that
| induced you to settle in Los AngelesY
| asked The Herald representative.
There were q number of reasons, he
replied. "At that time the new railway
| to Salt Lake City was In course of con-
struction, and when completed this city
would have three transcontinental lines.
| The work on the harbor was well under
way, and it seemed to me that with these
two great enterprises completed Los An
| seles would enter upon period of un-
examped growth"
What, greater than the past fifteen
years2'
Far greater. For we now have the
shortest haul across the continent and
| the orient. 1t follows without question,
| that great lines of steamers Will ply be-
tween San Pedro and Asatic ports But
| there was another potent Influence in
causing me to take up my residence here.
| So much has been said about the climate
| that it Is treated as sort of joke by
| some. 1t was one of the most important
of the various reasons l had for deciding
l
of the world with which | am familiar
which combines the delights of perfect
climate with the beautiful country round
about and the sea close at hand. 1t has
! been my fortune to see most of the places
clmatically famous, but l know of no
place in Europe, Asia or Africa which
combines the three points that have
mentioned that-perfect climate, beauti'
! full country and the sea for those who
enjoy it, and add to these, the mountains
within twenty miles for those others who
|
pie say, you can't live on climate. Of
course that is true, but look at it from
this point of view. Here is man who
| has spent the greater part of his life in
| the east engaged in business and who
has accumulated a competency; he comes
| to Los Angeles, finds the climate attrac-
| tive and concludes that he will stop here
So he buys a home and begins writing to to
| his sons and daughters back at the old
| home, and presently they are all here
| The father has made himself independent
| in business and brings his money here.
| The sons and sons-in-law come. They are
not content to sit down and do nothing
| even if they have sufficient to live on, and
they go into business. So you see the
glorious climate of California brings
something more than large number of
people simply TO spend few weeks with
US. And while am speaking of the cli-
mate l want to know If you ever saw
another place which was both winter
resort and the summer resort. The de-
lights of our summer climate are rapidly
becoming known Tell me. Where is
there another place, outside of the polar
regions, where one can sleep every night
in the summer under blanketS?'
Mr.. Jones, | would like to ask what
you think of this city as manufacturing
| and jobbing center"
| Los Angeles is destined to become the
greatest manufacturing center in the
west You no doubt noticed the report
| of the census of 1905 relating to manufac-
,turers. 1t shows that we produced in
that year $34, 100000 worth of manufac-
| tured goods. And peculiar thing is that
| there is no really big manufacturing es-
! tablishment-probably none that employs
more than six hundred men at the present
time-but there are hunureds of COM
| paratively small concerns in various lines.
Each of these furnishes a foundation to
build upon, growing as the country
| grows, and the city will some day be
noted for the variety as well as the eX-
tent of it's manufactures. There are two
and possibly three things which con-
tributed to this result. The first in point
of time was the discovery of fuel oil in
large quantities in and near the city a
few years ago-later came the big electric
power companies For everything but
smelling ores, to furnish the ideal basis
for manufacturing points. l believe we
now produce greater value in manufac-
tured goods annually than any other
city on the Pacific coast, and | believe we
will increase in this particular fifty per
cent in the next four years we have
large market close at hand in California
| Arizona. Nevada, Utah and in the neigh
boring Republic of Mexico. and as soon
as steamship lines are established. there
lies once more the oeent.
| What is true of manufacturing is true
! also of fobbing There is a large expanse
of country rapidly building up, for which
this city is the natural depot of supplies
and no one has ever accused our mef-
chants of lack of enterprise. They are
going after this business and they are
getting it,
How does all this affect property
| values, Mr.. Jones?
| "The effect of these various causes is
steady and rapid increase in population
The census of 1890 showed about 5l;W
people here-that of 1900 gave us lOl, 00O
| Today it seems that we must have 225,0UO,
when one considers the number of build
ing permits issued in the last five years
| Last year, if my memory serves me rlgnt:
the SUPERINTENDENT of buildings issued
over nine thousand If there were no
more than six thousand of these resi-
dences, they would house an Increased
population of thirty thousand. And II
you have a longing to rent house, you
will find it is as hard to get one. as it was
two years ago Then you will recolle2t
the census taken by the publishers of the
directory showed oyer go, 600, and the
29S, 900, while the receipts of the postoftce
would indicate population or over Z5o-
000 / am confident that the city has but
commenced to grow. If these things are
true then property values must steadily
enhance.
| "I do not believe 1t would be possible to
buy a lot within the corporate limits 0f
the city at present prices and fail to
make good returns on the investment in
| nve ten or twenty years. Every manu-
| featuring plant that Is started reduces
by so much the available land suitable
for such purposes The hands employed
| in this factory must have homes they
buy o. rent In either case 4 tends to
advance the value of property In the dis
trict in which they live. These people
must also patronize the stores In the
business center and gradually more great
stores are needed, and these advance the
value of close-in business and they em-
poy many clerks. who must again have
homes and again patronize the factory
land the merchants. You see II Is an end
less chain, and everV time you go around
the circle you find property values
| eeitimatelY advanced"
at seems that what you have said
must be true. Mr., Jones. Now, | Won
der II you will consent to tell the readers
90 The Herald something of your present
matters. Jones q Ryder Land company
| have built up such a large business, and
| there seems TO he so many people con-
nected with It, / am sure II would in
| terest or eastern readers especially"
| "Well." he replied 1--WE handle eVerY-
| thing I'm the wav Of real estate-from the
| big clOse-in properties to n cheap lot in
| the suburbs on small lnstallments, From
cozy bungalow at a low price and easy
terms to an elegant residence up to say
seVentv-fiVe thousand dollars or more.
also acreage IN any quantity, imnroved
aud fnnnroVed email fruit orchards.