Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1889-02-11
River, HarbOr, Canal Dredging
and Land Company.

6VlLSUtc Ot bSlDS bue. 4 mere Is nothing al
all visionary about it. The whole enterprise
is founded on a substantial basis, and the
aim can certainly be success fully carried
out, Judging from the best precedent, and
result to 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 A
Boschke c. &. Both these are great inn
provements on past appliances, and they
are the result of Mr.. Boschke's experience
during twenty-five years in dredging oper-
atoms. This dredging plant will be built
as soon as profitable contracts offer and
will earn, when employed at the lowest
ruling prices, 81 coo per day. 1t is adapted
for levee building and for filing fats
and lowlands; the excavated soil can
be transported through pipes by means
of the hydraulic dirt conveyors TO 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 De done cheaply by dredging the soil
from the river and conveying ii through
pipes to the ground to be filed. A wide
range of application for this plant lies in
where q greater depth of wafer is required,
and the dredeed material is used 10 raise
the land for building purposes. IN this re-
spect the company will have use for this
dredging plant at portion OF its property
known as DumbartoD Point, which is
destined IN the near future TO become
shipping point aud the terminus of several
transcontinental railways. Dumbarton
Point is situated about central of the COM
pany's lands, on the east shore of the bay,
in Alameda county. 1t extends across the
wide expanse of tide lands, and thereby
approaches the shore of the San Francisco
peninsula within mile. The main shin
channel from the wharves of San Francisco
extends to Dumbarton Point, where it is
half mile wide, with depth of wae~ 81
low tide of thirty-six feet, permit
ting the largest ships to reach
it. Here is also the only
feasible point where by bridge the trans
continental railway traffic can reach San
Francisco, when its magnitude will have
made il impossible to employ the present
method OF ferries opposite the city, which
could not even now spare waterfront room
for such an extensive ferry system as would
be required.
With such natural advantages, this por-
ton of the company's property is destined
pable of having Wharfage front of three
miles and several thousand acres to build
up the terminal of more than one railway,
warehouses, coal-bunkers and most extern
sive lumber-yards, and will offer induce
meuts 70 large manufacturers to locate
their works where they can have plentv Of
ground, receive and ship by water and rail
TO the markets of the world. Who csn es-
innate the value of that part of the com
panys estate? Ii is one OF the rarest op-
portuniiies for sure and profitable invest
ment. Judicious management dictates for
the present to develop that portion of the
company's land which, by small ex-
penditure OF money, can be placed on
the market for 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 above the ground.
There are now nine flowing wells en- the
company's land. The company has de
cided and directed its Superintendent to
prepare 1000 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, 4 roadway, running east and west, be-
tween the adjoining lands The bitches
will be seven and half feet wide ard four
feet deep on either side Of the road, and the
soil from it will furnish the material 10
raise the roadbed. The bitches will be dug
by steam ditching machine, and will be
provided with gates to regulate the height
of the fresh water in the ditch or empty it
entirely at time of low tide in the BAY and
ha
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 s. to IS per acre per annum. This
improvement can be carried out within one
year, and will result in revenue 10 the
stockholders which will be paid 10 them
in dividends half-yearly.
The capital stock of the company is
Si,000000 divided into 100, 600 shares of
$40 each, and these are non asssssable, on
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 Is. 400 acres
OF land and the entire rights to the dredges
and conveyor patents.
Fifty thousand shares of stock remain IN
the company's treasury, the proceeds from
the sales of which will go into the treasury
10 pay the cost of developing the enter
prise, With the expenditure of $50 900,
the company proposes to improve the
above mentioned 20G0 acres; it offers TO
sell 5000 shares of its treasury stock for
s. per share, TO obtain the funds to make
this improvement.
In the company's prospectus is stated
and provided that its stock holders are pre-
ferred purchasers Of the improved sgricult-
ural land, for which the company will ac-
espt in payment lis stock at par yelue.
The purchase price for the lirst > 600 acres
will De 500 per acre, therefore 200 shares
OF the company's stock will buy 20 acres OF
the land improved by bitches, roads and
Supplied with artesian water.
Inc purchaser of this amount of stock
will thereby double his investment within
year, II be 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
OF the par value of the stock and its earn
ings in dividends, must result from the
development of this enterprise Subscrip-
tons 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 and to Pm