Los Angeles herald., 1910-07-24
A GREAT OPPORTUNITY
FOR LOS ANGELES
w e TRUST that our business men

w as we'll as every citizen inter
ested in the advancement of
Los Angeles, will not fail to appreci-
ate the Importance of the meeting of
the American Mining congress, which
win convene in our city during the
last days of September next.
Many of the far-sighted citizens Of
Los Angeles have for a long time
cherished the ambition that our city
shall at some time become the min
ing center of the great southwest,
which produces most of the precious
and seui-precious metals mined in
the United States. The geographical
position of our city in its relation to
the territory from which this great
mineral wealth comes shows that the
ambition is by no means a baseless
dream, but that it has a foundation
in reason which may very easily en-
able It TO b. converted into realization
if our citizens will only show them
selves as alive to the opportunity Of
making Los Angeles a mining center
as they have been in the past to grasp
|
it means for the city to be the CEN
ter of the industry of mining for the
precious and semi-precious metals is
shown by the past history of San
Francisco. That city by virtue of geo.
graphical location and of its possession
of the best natural harbor on the Pa
cific coast, became the center of the
mining industry of the west coast as
| soon as that industry came into exist
ence. and maintained its supremacy in
that respect for many years. The
great accumulation of capital which
| has made San Francisco the unques-
| toned financial center Of the Pacific
coast and until recently the unchal-
! lenged commercial center of the same
territory, owed its existence almost
entirely to the money made from min
! inS IN the Pacific coast states and
territories. The great fortunes of San
Francisco which have built up the I'm
ancial institutions that give it today
three times the bank assets of any
other city on our coast, came from
! mining. The mines which made San
| Francisco were located largely in
Northern California and in Nevada,
and were both geographically and by
| the existence of lines of communica-
tion made subject to that city
At the present time the largest mining
| industries engaged in exploiting pre-
cious and semi-precious metals are
| mora rcarI,- 1,ro+ol 70 nc -Apoalas
| both geographically and by existing
lines of communication than they are
to any other city on the Pacific coast.
| Los Angeles will shortly have a har-
| Dor requisite to accommodate every
| sort Of commerce. In the matter of
climatic attractions, which make it
! a desirable home for men who have
made their pile" in mining ventures
and are prepared to enjoy it, the south
| Crn city is far and away ahead of any
other city in America. With these ad-
vantages, if our city does not become
the recognized mining center of the
great mineral region of the southwest
and lay tLis region under tribute for
the millions which it yearly yields
to miners, it will be because our citi-
zens fail to take advantage Of their
opportunities.
| 1t is a remarkable fact that in the
past our business men, and particular
! = our financiers, have not at all times
! been as responsive to the opportunities
and advantages of this great branch
/ of human industry as they might have
/ been. No better opportunity will ever
! be Offered to begin the work of es-
! tablishing our city as the recognized
center Of the country than will be af-
! forded by the meeting here of the
| american Mining congress. Every dol
/ lar that may be contributed by our
citizens to entertaining the members
of this congress will be returned many
/ foil he city N various ways. Our
people should understand this and with
their usual generosity where the well
fare of,our city in concerned should
contribute literally to the fund which
is Icing raised for entertaining the
congress.
This meeting should be made the
most successful that the body has
ever had in it's history.