Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1889-02-09
River, HarbOr, Canal Dredging
and Land Company.

TO Alviso, s distance of seventeen miles.
The title 10 tine and has been derived from
the State. Ii ever a great enterprise was
started Oh a stable basis, his certainly gives
evidence of being one. There is nothing at
all visionary about it. TIE whole enterorise
is founded on a substantial basis. AMI the
aim can certainly De successfullg carried
out, Judging from the best pr cedeut, aud
result tn The stockholders in very large
financial benefits. Besides this land the
company owns the patent right for the en-
tire territory of the United States in the
Sternwheel Dredging and Hydraulic Dirt
Conveying Machinery, invented by 4.
BoscbEe, Z. e. Both these are great inn
proyements on past appliances, and they
are the result of Mr.. Boschke's experience
during twenty-five wears in dredging oper-
stions. This dredging plant vii D. baill
as soon Is plod able c0Eu7t $ eIfes and
viii earn, Wn-p eta ioye ed "a r!ls lowest
ruling prices, loco per day. IL ; adapted
for levee building and tor Glhug hais
and %lowlands; the excavated soil can
De transported through pipes by means
OF the hydraulic dirt conveyors to d dis
lance OF a mile under pressure of powerful
force pumps. This advantage will give the
dredge employment in preference to Others,
when works like the filling of China slough
can be done cbeaply by dredging the soil
from the river and conveying it through
pipes to the ground to be filled. A wide
range of application. for this plant lies in
the creation of water fronts for shipping,
where a greater depth of water is required,
and the dredged material is used to raise
the land for building purposes. Ia Ibis re-
spect the company will have use Tor this
dredging plant at a portion of its property
known as Q~umbartou Point, which is
destined in the near future to become a
shipping point andthe terminus of several
transcontinental railways. Dumbartou
Point is situated about central of the COM
pany's lands, On the east shore of the bay,
IN Alameda county. Ii extends across the
wide expanse of tide lands, and thereby
approaches the shore OF the San Francisco
peninsula within q mile. The main ship
channel from the wharves OF San Francisco
extends to Dumbarton Point. where it is
half a mile wide, with a depth of water at
low tide of thirty-six feet, permit
ting the largest ships 10 reach
il. Here is also the only
feasible point where by a bridge the trans
continental railway traffic can reach San
Francisco, when its magnitude will have
made ii impossible to employ the present
method of ferries opposite the city, which
CDOiQ liDi EVEN HON spare MdltI-llDEl room
for such an extensive ferry system as would
be required.
With such natural advantages, this por-
ton of the company's properly is destined
to become immensely valuable. Ii is ca
pable of having q wharfage front Of three
miles and several thousand acres to build
up the terminal of more than one railway.
warehouses, co%al-bunkers and most extern
siye lumber-yards, and viii offer induce
ments to large manufacturers TO locate
their works where they can have plenty of
ground, receive and ship by water and rail
TO the markets of the world. Who can es-
innate the value of that part Of the COM
pany's estate? 1t is one OF the rarest op-
p~ortunities for a sure and profitable invest
ment. Judicious management dictates for
the present to develop that portion of the
c%ompany's land which, by a small ex-
penditure of money, can be placed on
the market tor the uses of agri-
culture and is particularly suitable for
market gardens, strawberry culture and
alfalfa, on account of the richness Of the
soil and the abundance of artesian water,
which can be had at any point desired at
the mean depth of $50 feet. and which does
rise from four to five feet abovethe ground.
There are now nine flowing wells on the
company's land. The company has de-
cided and directed its Superintendent to
prepare 1900 acres in the southeast portion
of the estate by dividing it in 100 twenty
acre farms, digging irrigation and drainage
bitches, boring artesian wells, one at the
common corner of four adjoining farms
also, a roadway, running east and west, be- |
tween the adjoining lands, The bitches |
will be seven and q half feet wide and four
feet deep on either side of the road, and the |
soil from it will furnish the material to |
raise the roadbed. The bitches will be dug
by q steam diiching machine, and will be
provided with gates to regulate the height |
of the fresh wafer in the ditch or empty it |
entirely st time of low tide in the bay and
renew it from the numerous wells. By |
this system of irrigation the crops upon |
this land will be abundant and profitable. !
The South Pacific Coast Railway passes
through this tract, giving facilities TO send |
the produce TO market, and in the near |
future freight steamers will be running
from these lands direct to San Francisco, |
securing low freights to the farmers.
Numerous applications for this land |
have been made to the company TO pur-
chase at 500 per acre, or for leases of |
from So to IS per acre per annum. This |
improvement can be carried out within one
year, 4 Will result in a revenue to the
stockholders, which will be paid TO them
in dividends half-yearly.
4hC capital SbOCh VI TIE COsIIf2DY Is l
81. 000, 900, divided into 100, GOO shares of
$40 each, and these are worcestershire, Oh
account of the company having incorpo-
rated under the laws of the State of Colo
RADIO.
Fifty thousand shares of the stock have
been issued in purchasing the 10, 400 acres
of lane IN the entire rights 10 the dredges
and conveyor patents.
Fifty thousand shares Of stock remain il
the company's treasury, the proceeds from
the sales of which will go into the treasury
to pay the cost OF developing the enter
prise. With the expenditure of $50, 600,
the company proposes to improve the
above mentioned 1900 acres; it offers to
sell 5000 shares of its treasury stock for
IS per share, to obtain the funds to make
this improvement.
In the company's prospectus is stated
and provided that its stockholders are pre-
ferred purchasers OF the improved agricult-
ural land, for which the company will &C.
cept 10 payment lis stock ct par value.
The purchase price for the first 1900 acres
will be Sl00 per acre, therefore 200 shares
of the company's stock will buy ~ acres OF
the land improved by bitches, reads and
supplied with artesian water.
The purchaser of this amount of stock
will thereby double his investment within
q year, if he should choose to purchase the |
land in place of holding his stock To reap
the benefits of the final development. The
appreciation in value, probably manifold
the par value of the stock and its earn
in dividends, must result from the
development of this enterprise. Sabscrip-
for this stock will be received by the
Superintendent of the company, temporar-
lily stationed at Sacramento, where he will
give any desired information during the
hours from to 5 and Z TO 8 P. N.
A. W. BOsCHKF, C. E.,
Superintendent, Room "A, Golden Eagle
Hotel. fest