Los Angeles herald., 1892-07-10
MEN OF MILLIONS.
Financial Colossi Looking for
Investments.
They Are Satisfied With Southern
California.
Eastern and English Capitalists who
Are Doing the County-The In
vestments They Have
Made.

A party of capitalists arrived here
yesterday, who have been investigating
the various industries and possibilities
of Southern California, with a view to
making substantial investments. The
party arrived in the special hotel car
"Idlewild," over the Southern Pacific
road, and it consists of Charles w.
Green, financial manager of the Bear
Valley Irrigation company; Charles w.
Green, jr., of Eddy, N. M, largely in
terested in irrigation projects there :;
Thos. Geddis, of Edinburg, Scotland,
largely interested in the leading incur.
ance companies of Scotland; Mr.. James.
Of New York, son of ex-Postmaster
James, and president of the Lincoln.
National bank, likewise representing as
sociated banking capital of New York,
to the extent of $4,000, 900, and the
Ruess Bros, of London, the leading
wine and liquor merchants of the
United Kingdom; j. F. Bryant, one of
the wealthiest manufacturers OF South
ern England. and Col. Richard j. Hin
ton, late chief of the irrigation bureau of
the department of agriculture at Wash
ington.
The gentlemen comprising the above
party have been making a comprehen-
sive tour of New Mexico, Arizona and
Southern California, particularly the
latter, with view to directing large in
vestments of outside capital, based on
the question of the possibilities on irri-
CATION. Collectively the party repre-
sents an enormous amount OF money
which has been drawing a small percent
age OF interest and which they are seek
ing channels of investm mt Tor on more
profitable basis. The Ruess bows have
bought 80 acres of land in Alessandra to
be devoted to orange culture for their
personal enhancement, and Mr.. Bryant
has made extensive investments in the
Pecos valley of New Mexico.
The gentlemen comprising the party
have made thorough investigation of
the agricultural or horticultural possi-
bilities of Southern California, and they
are absolutely satisfied that it has a
brilliant financial future before it, es-
pecially tempting to progressive capital
lists. The natural sequences of the in
vestigatiOns OF the party will be the in
vestment of five or six million dollars
of English and New York capital in
this section. The gentlemen are abso-
lutely satisfied with the financial possi-
bilities of Southern California.
They have visited Bear valley as the
guests of Mr.. Chas. w. Green, Alessan-
dro, Redlands and other desirable Sec
tions, and are absolutely satisfied with
the result of their investigations-in
fact, they are enthusiastic over the Won
dertul possibilities of the future of this
favored section of America, and will di-
rect large investments of outside capital
in this section.
Mr.. Chas. w. Green, the Bear Val
ley company, announces that work will
begin at once on the new gravity dam
in the Bear valley. A large force of
workmen will begin operations August
lst. The powers that be of the company
have also decided to erect a new reeer-
voir in the upper Santa Ana valley,
which will comprise 5000 acre feet OF
water.