Los Angeles herald., 1907-11-17
coLoNIsTs BRING PROSPERITY
TO CITY
INVESTMENT, is THEIR GREAT
AIM
Financial Depression VIII Be Suc'
ceeded by a Period of Activity
Unparalleled by Our
Past History
BY G. b. DAVIS

future generations Will reau Will aNiuiI''
1t will be truly a word chapter, for the
storm has ragged in practically every
quarter of the globe. Some countries
may yet feel it more acutely thah theS
have thus far. Germany. for instance
stands in imminent danger cf a crisis on
account of the severe strain she has peen
undergoing to keep expansion equal 10
growing demands. Her growth IN con-
mercial activity has been second only TO
that of the United States, and has sur
passed that of the United Kingdom.
Fortunately our own country appears
to have passed the point OF greatest
danger True, the storms effects arc
now reaching to every part OF the nation
as was to be expected, but the ship can
be said to have withstood the heaViest
shock of the hurricane and now to be
riding the disturbed sea, not calmly, put
safely, and under the guidance OF petter
seamanship than has been displayed ior
many a day she may be relled upon W
discount in the future any past record.
This is a safe assumption to make De-
cause the country as a whole mas peen
essentially sound. Our factories nave
been pushed to their utmost capacity
with orders, the crops of the great mid
die west have surpassed those OF any
other year in our history and our mineral
resources have exceeded the hopes OF the
most optimistic.
The disturbance from which we are
now emerging has been panic IN the
world of confidence, not In the world Oh
wealth. We have as much OF the world
goods as we ever had At this season of
the year there is always some fear that
the cash available for trade movements
will not be equal to the task, but this fall
the exposures of successful dishonesty
had magnified the fear and when the
strain set in with full force our inelastic
currency system refused to yield to the
demands of the occasion.
Relief Comes
When the gold imports began to arrive
and the federal government brought
forth it's revenues, which 1t has always
absurdly boarded away contrary to all
common sense business principles ana
contrary to every patriotic duty, thing
now strenuously condemned In the in
dividual with the stocking bulging with
coin, and when the undesirable elements
which had precipitated the crisis by
tricky banking methods had been re-
moved from the pyramidal structure OF
New York trust companies structure
erected by a set of men buying a string of
concerns with the assets of each pre-
ceding purchase as security, confidence
gradually returned And at the expira-
ton of a few weeks more normal con-
ditions should again prevail and business
should urge forward with firmer and
greater momentum than before.
Every period of depression in our his
tory has been succeeded by one of such
prosperity as had never been known up
to that time. If then the world looked
on astonished at the whirlw1nd pace we
Travelled during the past few years, what
will be it's expression when we are we'll
down the next lap!
We have thus spoken at length about
the conditions and the prospects of the
country at large because we believe
therein lies the prophecy for the future
of Los Angeles and Southern California.
Given it's resources and other natural
advantages Southern CaliforniaS future
growth and prosperity will be limited
only by the power and the ability of the
remainder of the country appreciate
and to acquire the exceptional and the
desirable. 1t was IL colonist army of
so 900 that came this fall, but every sue
ceeding year will discount it's prede
cessor when will it stop?' recently
asked a gentleman of one of our leading
merchants. "When the sun ceases to
shine" replied the latter Sunshine tells
the whole tale because it means health
and a competence on a ten-acre ranch.
What 1t All Means
And did you ever stop t, figure what
this army brings to Los Angeles? Sup
pose each member fingers here one day
and no more. Many will be here weeks
and months, others will make this their
permanent home, but let each stop off
for only day. The railroads tell us
that in round numbers, $4,000 people
entered the city's gates during the sixty
days the colonist rates were in force.
4I.s al@.1,,
travellers average days expense and you
have 100000. If So a day seems high.
shave off little and the result will still
be comfortably large but YOU can't shave
off much and have a reasonably fair
estimate left.
But gratifying as the result is, it is
only temporary so far as the relation of
the colonist to Los Angeles and vicinity
is concerned. What will the permanent
results be? We know that colonist rates
are intended to bring settlers and we
know tha. most of the new arrivals will
remain, and tnat though some will re-
turn more will replace them. You can
get a very definite answer to the ques-
tion in the real estate offices where
ranch property is handled. A visit these
DAYS will remind you of the times when
CITY real estate was at it's best Agents
ave busy offices in several instances are
critics are crowded And tie people are
buying, not merely shopping" The
great estates which liz e laid for decades
only partly titled are being taken over in
small tracts and in the course of short
time will TEEN with the farmers who
have tired of the task of squeezing a
bare living out of 100 or 16O-acre farm
back east.
And these people are coming with the
money for the investment. A banker
told rs this week of severa parties who
have the cash ready al hand for the first
opportunity presented One man came a
few weeks ago with $4,000 in his wallet
and has placed $4,000. another gentleman.
from Missouri has been shown and likes
SO we'll what he has seen that he has
invested $4,000 and has gone back to his
old home to get together the rest of his
fortune of $4,000. These isolated m
stances might be added to freely on in
qury but they are sufficient to serve as
indications in concrete way of what ls
going on.
Let the good work continue. Let the