The herald., 1893-11-15
RIVERSIDE.

Big Colony Project Started In New
York-Notes.
RIVERSIDE, Nov. 14.-A contract was
filed today with the county recorder in
which the Gage Land and Water COM
pany agreed to sell to Fl. E. Cunning
ham of Boston, Mass, the Rancho La
Sierra and that portion of the Rancho
Jurupa lying south of the Santa Ana
river, for 500, 1000, 1000 OF which is to
be paid the 30th of this month and the
balance in payments extending to July
l, 1897. This is the most important land
transaction which has taken place here
for come time. 1t is believed the pur-
chasers will improve portion of the
land at once.
THE NEW COLONY.
A meeting for the organization
Of the Riverside Sierra company
was held at the Lawyers' club
in New York city, for the purpose of
developing $4,000 acres OF irrigable
lands in Riverside county. The New
York Mail and Express has the follow
ing to say on the subject:
Those present at the mesting were /:
W. w. Farmer, chairman; Edward @.
Regn. secretary; Gen. Charles H. T..
Coils, Emil H. Kuge, Horace E. Cum
ningham, James A. Briggs, Jorme
Carly, Henry Thrush, Wilfred Patter-
son and Robert Appleton, jr. Mr.. Cum
ningham, who 10 the vice-preHident of
the Riverside Construction company
which will water the tract in question,
gave detailed statement of the objects
OF the company and of the fourishing
condition Of Riveside and surrounding
territory, showing the advantages for
secure investment ON the part of the
capitalist.
The advantages OF the property for
colonization purposes through its adapt
ability for the cultivation of oranges and
lemons were also shown.
The company, it is said, will establish
agencies for subscription to the preferred
shares, as we'll as for the sale of lands,
in Boston, Philadelphia, Chicago and
London, where representatives have
already been selected.
One of the novel features of the enter
prise is the plan for insuring the life of
the purchaser. In the event of his
death before the final payments are
made on the land the insurance money
on his policy is to liauidate the same,
and the balance of insurance money to
be paid to his heirs. The Equitable
Life Insurance society of New York
will take the contracts of insurance.
WORLDS FAIR EXPENSES.
Some time ago the supervisors OF the
county passed an order ordering the
payment by the city of $500 out of the
public fund to reimburse the expenses of
maintaining the exhibit sent from here
to the worlds fair. Today papers were
filed in the court asking an injunction
restraining the county auditor from
drawing his warrant for the money, by
G. r. Gray, attorney for the city. The
prospects for long legal battle over
the matter are promising.
BUSINESS LICENSES.
A decision, involving the legality of
the ordinance which levies business
license on the city, was handed down by
the superior court today. Some time
ago the physicians of the city refused to
pay the licenses, and the justice court
decided against them. The case was
appealed to the higher court, and the
finding of the lower court was set aside
and the ordinance was declared invalid.
NOTES.
A.G. Mum, editor, of the San Jacinto
Register, was in town yesterday.
Taxes are coming in rapidly at the
city marshal's Office.
Miss Mary Lewis is home from Cuca-
monga.
E. P. Sargent, highly respected citi-