Los Angeles daily herald., 1874-12-10
a Great Land Sale.
Correspondence $. F. Bulletin.l

bara has given new impulse to en-
terprses of this kind, and considerable
excitement has been created in Los
Angeles by the announcement of a
grand land sale to be made on the 18th
of January next of the Sausal Rodondo
and Centinela Tachos, in subdivisions
ranging from five acres to one hun
dred and sixty. This projected sale is
based on the colonization plan. The
promoters are men of experience and
ability and some of them are promi-
nent bankers and property-holders in
Los Angeles. General Shields and
Mr.. Martin, who conducted the Lom-
poe sale so successfully, are the active
managers. The property consists of
%, coo acres Of land, the nearest bound
ary line of which commences three
and half miles from the city limits
of Los Angeles An orchard of 220
acres, containing 5000 orange trees
three and halfyears old, 1,700almond,
lime and lemon trees and II 900 head
of sheep. Rumor says that the COM
pany pay for the entire property $780,
600, being at the rate Of Sl2 an acre.
The stock to be issued represents ST.
100000, in 1000 shares of $1,000 each.
The purchaser Of a share pays only so
much as may be assessed fer the pur-
chase Of the property and expenses of
sale, viz: about ten per cent, in semi
annual installments. Every share
holder is an owner of the land and
shares pro rata all profits that may be
made on sales. Other properties will
be purchased and sold should it be
deemed expedient, within the limits
of the stock issued. The stakeholder
pays for the land he selects just what
it is considered worth by his associates
holding stock, any of whom have the
privilege of bidding for it. He thus
enjoys all the benefits of ownership in
the whole tract at its cost price, and of
purchaser OF selected portion at it's
actual value, as determined by him
self and his associates. All this is fair
and square, and provided the original
purchase price is not too great, pub
lie sale based on such principle can
not but result satisfactorily to all con-
cerned. II has been objected to some
enterprises of this kind that small
tracts of land suitable for farms can be
which portions of large ranches, under
the existing system, are sold in subdi-
visions. Very likely; but they are
notably worth much less. A ranch of
$4,000 acres may be worth $12 to SIS
an acre as whole; one fourth of it
may be worth more than the other
three fourths; and of this fourth 100
acres would be worth much more with
five hundred families settled around
it, with systems of irrigation estab.
lished and railroad communication
sure to follow, than it would to an iso-
lated settler who might have to wait
ten years for half n dozen neighbors, u
church, II school-house, or q market.
VISIT TO THE CENTINELA AND sAUsAL
RoDONDO RANCITOS.
III view of the public interest taken
in the Centinela enterprise, accepted
an invitation from Mr.. Freeman, the
owner to visit the Sausal Rodondo
and Centinela ranches, which lie with
i'm about seven miles of Los Angeles
city. The drive is over u level road,
and passes through the race course,
distant not quite half way from the
City Hall to the ranch-hOuse. Prop
at 500 to $3.50 an acre, showing the
rapid progress of the settlement. Dis
tance to the nearest point of the rail-
road from the ranch boundary, about
six miles-all the intervening land
nearly level. Arrived on the ground,
| was at once impressed by the advan-
tages Of the location for the purposes
intended. The whole tract of $4,000
acres is available for farms, orchards
and gardens. a group of springs
bursting out Of the earth not for below
the upper boundary, furnishes an
abundance of water, properly dstrib-
uted, to irrigate the entire valley
through which it runs, embracing
over six Thousand acres of of rich, level
land, every acre of which is suscepti-
BILE Of cultivation in vines and semi
tropical fruits. No waste land is Wis
ible in any direction. The higher
lands are broad and almost level on
the top, forming gently undulating
mesas, easy of cultivation and admira-
bly, adapted to the production of
wheat, and, in fact, crops of every
kind. / rode over the land for many
miles and failed to discover an acre of
ground that was not rich in soil and
adaped to some kind of profitable cul-
ture There is no better tobacco land
than the alluvial portions of the
ranch, and cotton is an established
success. At the residence of Mr.. Free
man some fine orange trees, only
eight years planted, are in full bear
ing. The fruit is equal to anything
produced in Los Angeles county.
THE NEW TOWN.
1t is contemplated by the company
to lay off town on the Centinela
creek, at point commanding view
of Los Angeles on one side and the PN
ciflc Ocean on the other. Arrange
ments are already in progress for the
opening of port on the shore line of
the property, and the construction of a
railroad from the embarcadero through
the entire ranch to Los Angeles.
The climate of Centinela is perfectly
misunderstanding In Summer the ad-
vantage of q pleasant sea breeze, ana
in Winter certain degree of warmth,
from it's central position between the
ocean and the high mountains in the
rear. For invalids and consumptives
it will doubtless prove one Of the best
localities in California.
Taking all the advantages into con-
sideration, the richness of the soil; the
facilities for irrigation; the proximity
to growing commercial center, and
to ea-port for the shipment or It's
productions, L can safely say that L
know of no better land than this for
grand colonization enterprise such as
the promoters have undertook to carry
into effect. That it will be Il splendid
success there cannot, l think, be the