Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1889-02-08
NEW ADVERTISEMENTS.
River, HarbOr, Canal Dredging
and Land Company.

The company actually possesses 10 400
acres of the richest alluvial land lying along
the bay of San Francisco. from Alrarado
10 Alyiso, distance OF seventeen miles.
The title 10 the land has been derived from
! the State II ever a great enterprise was
started on a stable basis, this certainly gives
evidence OF being one. There is nothing at
all visionary about it The whole enterprise
Is founded on q substantial basis, and the
aim can certainly be successfully 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. E. Both these are great i'm
proyements on past appliances and they
are the result of Mr.. Boschkes 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, 81 900 per day. 1t is adapted
for leyee building and for filling fats
and iowlands; the excavated soil can
| be transported through pipes by means
OF the hydraulic dirt conveyors to a dis
lance OF 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 it through
pipes TO the ground to be filed 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. In this re-
spect the company will have use for this
dredging plant at portion of its property
known as Dumbarton Point, which Is
destined in the near future to become
shipping point and the terminus of several
transcontinental railways Dumbarton
Point is situated about central of the com
panys 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 a mile wide, with depth of water at
low tide of ihirty-six feet, permit
ting the largest ships to reach
:
| 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
J ton of the company's property is des ined
| to become immensely valuable 1t is ca
pabie 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
| ments to large manufacturers TO locate
their works where they can have plenty of
ground, receive and ship by water and rail
10 the markets of the world. Who can es-
| innate the value of that part of the cf.in-
pany's estate? 1t is one of the rarest op-
| portunities for sure and profitable invest
ment. Judicious management dictates for
| the present to develop that portion of the
companys 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 al
the mean depth of 80 feet. and which does
rise from four to five feet above the ground.
There are now nine flowing wells on the
company's land. The company has de-
cided and directed its Superintendent tn
prepare 1000 acres in the southeast portion
of the estate by dividing it in 100 twenty
acre farms, digging nrigai N and drainage
oltches, boring artesian wells, one at the
common corner of four adjoining farms
also, roadway, running east and west. be-
tween the adjoining lands. The di;ches
VIII be seven and half feet wide and fonr
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 steam ditcbipg machine, aud will be
provided with gates TO regulate the height
OF the fresh water in the ditch or smp.T !;
entirely at time of low tide in the hay and
renew 1t from the numerous wells By
this system of irrigation the crops I'D =,
this land will be abundant and profitable
The South Pacific Coast Railway passes
through this tract, giving facilities 10 send
the produce 10 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 800 per acre, or for leases OF
from 80 TO IS per acre Der annum This
improvement can be carried cut 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
81 100000, divided into 100 600 shares Of
SlU each, and these are worcestershire, 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 dre1ges
and conveyor patents.
Fifty thousand shares of stock remain in
the compauy'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 coo.
the company proposes to improve the
aforementioned 1000 acres; it offers to
sell coo shares Of its treasury stock for
80 per share, to obtain the funds 10 make
this improvement
In the company's prospectus is stated
and provided that its stockholders are pre-
terred purchasers of the improved agricult-
ural land, for which the company will &C
cept in payment IT'S stock at par value
The purchase price for the first 1000 acres
Will be 800 per acre, therefore 200 shares
of the company's stock will buy 20 acres 0;
the land improved by bitches, roads and
supplied with srtesian water.
The purchaser of this amount of stock
will thereby double his investment within
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
of The par value of the stock and its earn
iDgs 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 be will
give any desired information during the
hours from to and to 9PM
A. W. BOSCHKE, C. E.,
Superintendent, Room "a, Golden Eagle