The herald., 1898-10-02
THEY MEAN BUSINESS
LARGEST DEED ON RECORD IN
THE COUNTY
Pacific Borax Works Preparing to De-
velop their Property on
< Large Scale


eyes of all the attaches Of the county
recorder stared in stolid surprise yes
terday afternoon when a document was
handed In for placing on record on which
the war revenue stamps footed up $384.75
and the recording fee was $14.6O. The
latter figure has been surpassed, but not
the former. The paper proved to be
trust deed made out by the Pacific Borax
and Redwoods Chemical works, limited,
OF London, England, to the Indian and
General Investment trust, limited, OF
London, England. The former Is a cor
poratlon with a capital Of 81. 725, 900, and
the trust deed was made out to secure
q loan on second mortgage Of $500
The property covered by the document
consists Of the famous borax deposits
of this county and also property in Inyo
and Alameda counties of this state, and
property In Esmeralda county in Ne
vada, and Curry county, Oregon, in
GLIDING the borax deposits, mines and
mining claims, factories and works, ma
chinery, ETC., and also forests of red
wood. 1t is evident that this DEAL taken
In connection with the erection Of the
large borax works a few months ago,
and the building of railroad from the
borax deposits to Daggett, on the Santa
Fe Pacific, means an important move in
the development Of the property owned
by the corporation in this county. The
deed Ii dated March rs, 1898, and the
bonds to be issued are to be 1900 in num-
Der, each Of 100 pounds sterling, or $780,
according to the American way Of COM
putting money. II this sum is brought
into California for Investment it will aid
In bringing back prosperous times.
Colonization Schemes
The trial Of w. L. Sweet for using the
United States mails for the circulation
of the Farm. Field and Fireside, in the
colonization schemes for settling Ante
lope valley, recalls the attempt made by
the same man, In connection with 9TH
ers. for working a similar plan on the
unsophisticated tenderfoot in connection
with the Victor dam land scheme in this
county. They were prepared to unload
several hundred thousand acres of des-
ert land through gigantic reservoir and
land scheme. Just across the range, but
after spending time and money in the
preliminary surveys. the plan was
dropped as too large even for Sweet,
Howard and their confreres They were
to utilize their publication for advertis-
Ing their schemes to the people at the
east.
Brevities
Lost, strayed or stolen-One regiment;
answers to the name OF the Seventh Cali
tornta volunteers; supposed to have
dropped into the pocket of one John r.
Berry. Any information as to the where
abouts of the property will be thank
fuly received by several Red Cross and
reception committees.
The Epworth league of st, Paul's
church prepared an entertainment for
their brothers and sisters Of the Red
lands society. but owing to the threaten
Ing state Of the weather the latter did
not come over, and last evening the home
folks enjoyed It all to themselves, MAX
Ing of 1t q farewell social to their pastor.
DR.. J. w. Balm, who leaves for North
Carolina shortly. llf
William Van Slyke, finding prospect
hole, In the Little Morongo mining dis
trict that appeared deserted, jumped It.
but on the return of the owner with a
revolver Van Slyke left, by request. in
hurry, a shot from the gun just miss
ing his head as he went.
There Is good prospect that the bank
rupt dry goods stock Of M. Posener. who
Jailed few weeks ago, will be sold to
Los Angeles parties and reopened again
shortly. 1t Is said the sale will net the
creditors 80 per cent Of their claims.