New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-09-15
CALIFORNIA'S LAND BOOM.
HIlih-BINDERS - FINE LINGUISr-MISSION
ARltS-RlCH SILVER MINES
IBY TELEGRAPH TO THE TKIBUSEI

ARlES-RlCH SILVER MINES.
IBY TELEGRAPH TO THE TKIBUsE-I
Ban Francisco, Sept. lathe applications made
to the State Board Of Equalization this week for
a reduction OF county assessments revealed some
curious facts. They betrayed the fact that the
effort TO continue the boom in certain sections Of
the State has been disastrous to property owners,
and has resulted in the virtual confiscation Of
property in Los Angeles, San Bernardino and San
D1egoS counties Much alkali land near Los Angeles
which is worthless is still assessed at $50 per
acre because it was divided into town lots and
sold at big price at the time of the boom. Many
specific instances of the terrible depreciation were
gwen. In one case property that sold two years
ago for 81 5000 has been returned to the owner
for $4,000, the face of the mortgage On 1t.
One of the most curious features of this land
craze was the paper towns. Statistics were given
of sixty of these towns in Los Angeles County, two
being actually on desert Lots IN them were
unloaded mainly on the Eastern public. These
sixty towns have now only 1890 people. Among
these towns were Border City, with 1,92O lots
and no inhabitants; Chicago Park, with 1900 lots
and the only inhabitant the Waterman III charge
of the leading hotel Several other paper toWhs
had no residents except the Waterman taKlhS
care of the costly hotels. All admitted that the
bottom had been reached, and that reaction was
setting in. Los Angeles San Diego and FRESNO
secured 10 per cent reduction, and san fraI-
cisco, San Bernardino and Santa Barbara per
cent. This official exposure OF the lhuauoh Vi
land values will do good, not even the hardened
real estate agent can kick at these facts.
Another wreck of the land boom is A. L. Tecle,
a prominent real estate and insurance agent o.
7
British Columbia The extent OF his deIalca-
tious is not vet known, but as he was the trusted
agent for several capitalists and corporations
the losses will run far up into the thousands.
Teele made comfortable fortune during the lana
boom but became plunger," lost all his money,
and then speculated with other peoples COIN
One suit, for 81 1000, has been brought this
week against the Chinese COnsul-General here,
and another is expected to be brought next week.
These suits are TO recover damages awarded by
the United States Government for losses sustained
in the anti-Chinese riots, the facts of which have
already been published in The Tribune. The
Consul has sent his wife and family to emma,
and it is expected that his successor Will soon
arrive from Pekin.
strong fight is being made against w. H.
Sears, the regular candidate for Collector OF
The chief charge against him is that under his
administration as Collector of the Port the
grossest frauds in issuing certificates to Chinese
were practlsed. The Chronicle opposes HIM
on this ground, and the probability is that his
name will be withdrawn.
The death of Mrs George L. Brander, from burns
received at her country home at San Rafael, was
IN extremely sad occurrence. She fancied her
in 6op a bruS h-irp
spread over the lawn and in attempting to rescue |
lim her own clothes caught fire. and she was so
BADLY burned that she died in few hours. Her |
husband was manager of the Nevada Bank at |
he time when the bank came near being wrecked |
by the great wheat deal"
One murder and two attempted assassinations
n Chinatown this week show that the high.
binder" is active An extra force of police is now
IN duty at the Jackson-st Chinese theatre to
protect the proprietor from an attack of " high
oinders,' who have sworn TO kill him and de-
nolish his place.
Mrs. Leland Stanford gave an exhibition of
generosity this week by bringing to this city and
taking under her care the orphan children of an
old Butte County pioneer named NOrd. Nord was
rch IN the early days, but lost all his fortune by
lnlucky ventures. lie was warm friend OF
Senator Stanford in those days and 1t was for
this that Mrs. Stanford provided for his children
The library of the late Adley H. Cummns,
who was nearly as great marvel III acquiring
languages as Elihu Burritt, is now for sale III
his CITY, 1t includes the dictionaries. grammars
and chief classics of a score of languages.
strong effort is being made to this valua-
DE collection for the Free Library, as IT would
orm q fine reference department for those en-
aged in the study Of languages.
About dozen Presbyteria missionaries sailed
his week for China and Japan. and it is estimated
hat thirty others will leave here within the
next fortnight. Several are engaged in educa-
-onal work in Japan, while one goes TO the Laos
country two months travel up the Meinan River
above Bangkok.
News has been received here from Broken Hill,
New-SOuth Wales, that Frederick I. Thomas,
former California mining engineer. has made
ich strike in the old Central mine there He un-
overed mother lode and there now 50, 600 tons
# ore in sight which will assay over 300 ounces
# silver and fifty ounces Of lead TO the ton. The
otal value of the ore is estimated at $4,000, 000
which makes this the richest strike in the history
# these diggingS. Thomas took hold of the mine
when other mana gers declared that it played
ut