The herald., 1897-10-23
BIG LAND DEAL
A Deposit of $4,000 Made
Yesterday
A NEW SUGAR REFINERY
AN IMMENSE COMBINATION OF
INDUSTRIES
Sale of Cerritos Rancho and Adjacent
Lands to w. A. Clark the Mon
tana Millionaire

| w. A. Clark, "copper" king of Arizona"
and multi-millionaire of Montana, paid
yesterday the 10 per cent deposit on the
purchase of S176h acres of land adjacent
| to the 10O0-acre tract on which is located
the new beet sugar refinery built last
year by himself and brother, j. Ross
| Clark, seventeen miles south of this city.
The sellers of the land are the BiXby
Investment company and the Palos
Verdes company, both of which are
practically owned by the Bixby family.
The price is $405,o00, and the 10 per cent
deposit of $40, 500. is made with the Title
Insurance and Trust company Of Los
Angeles who are to furnish on Monday,
the 25th inst, an unlimited certificate of
title. Mr. Clark agrees to pay therefor
the balance, $364,5o on or before Dec.
list, 1897.
Mr. Clark was asked what he intended
to do with the land, whether it would BE-
farnled by the company, rented or sold
in small tracts, or whether he would
build, as reported, an ideal agricultural
settlement in some such combination
of commercial and Industrial interests
as that of Pullman, Ill.
1.-THE new all-American process of re-
fning beet sugar, introduced by us at
Los Alamitos," he said, has undoubt-
edly produced an improved grade of beet
sugar which is free from the objections
hitherto sustained against beet sugars
| by confectioners and fruit preservers.
ot
where candy is daily made from our
sugar, proves this, and our product
needs no eulogy from u.s.
"It has also been shown that in this
section as sweet beets can be raised
as can be raised anywhere.
I'VE will double our present refinery
plant this year, and as soon as arrange
ments are made for growing beeti
enough to supply another refinery we
will build it.
| 1.-THE tract is bought to be developed
in connection with the beet sugar re-
| fnery now built and as contemplated
and will be devoted to the raising OF
sugar beets, in order to insure sufficient
crop from year to year to run our re-
! fneries, whether neighboring farmers
plant beets or other things.
| 1.-THE details of plans for the full de-
velopment of the entire tract have not
yet fully worked out in my own mind.
II will spend tomorrow going ovel
the land and will examine it with visw
to more extensive stock yards, a dairy
fertilizer works, new factory site, a
water works and town site. may
possibly have my plans more clearly out
lined tomorrow night than have now"
II knew nothing Of the sugar beet bus
| lness two years ago. ard az we had all
industries and the whole sugar beet belt
to choose from our purchases here and
repeated purchases answers the questions
as to whether I consider beet sugar re-
| fining good investment and thsa good
locality for large holdings"
| O.. F. Brant Of the Title Insurance and
Trust company was reached by tele-
phone last night and, asked If there was
any possible probability of a flaw in
| the land titles affecting the sale ard pur-
chase.
I'VE have beenat work on the examin-
alton for week past" he said, land are
satisfied that the title is all right All
agreements were made out today and we
have the money for the first deposit and
| II will take about twenty days to set
| tie up the whole matter, the taxes, mort
cages, etc.
1.-The report that the deal was forced
by heavy mortgages is utterly unfound-
ed ard the price quoted know to be
bona flde and all cash.
1.-THE agreements provided that In case
| the number of acres overran or were
less than the amounts ramed in the m the
difference was to be adjusted, by addi-
tional payment or deduction of $50 per
acre in the Bixby Investment company's
tract and $55 per acre in the Palos Verdes
tract"
Mr.. Clark arrived in the city last
Thursday and, has been visiting his
mother at 933 Olive street.
Thursday evening, while crossing the
street at Tenth ard Olive bicycler rae
ing in the dark without light ran into
| him and knocked him down, spraining a
muscle of the leg. Mr.. Clark says he is
fully recovered from the trivial but
painful accident.