The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1905-09-22
CHINO RANCH SOLD.
Famous Tract OF $4,000 Acres Brings
s41O.26O in Cash.

s41O.26O in Cash.
Los Angeles, Sept 22.-The famous
Chino ranch Of SO. 600 acres has been sold
for $41e,2 in cash.
After ten years of litigation the big
ranch, located in Los Angeles and Or
ange counties. divided into over hun
bred parcels, becomes intact.
The Chino Land and Water company,
composed of E. J. Marshall, e. r.. Earl,
John S. Cravens and ]. S. Terrence, with
q capital stock of 81, 100000. becomes the
sole owner of the property. The market
value of the property is estimated at
$4,000, 600, and 81 600 600 once was offered
for it by Senator Stanford.
The purchase of the ranch was effect
ed at a trustees sale.
About half hundred people gathered
IN the corridor of the court house to Wit
ness the sale, and every one present be-
came about when Thomas F. Keefe of
San Francisco, representing the San
Francisco Savings Union, began to read
from a San Francisco legal publication
the notice of sale, but as the minutes
dragged along the spectators not direct
~ concerned began to lose interest and
finally those remaining gathered in groups
and discussed the weather or other top
les, leaving Mr.. Keefe to struggle alone
through the mass of legal verbiage and
minute description of the property. At
the end of 80 minutes E. d. Elliott, one
OF the trustees, relieved Mr.. Keefe, and
ina II became relay dIIdlI Oh one IQuA
and As minutes, when the reading of II
columns. thought to be the longest no
tice of the kind ever published in Cali
fornia was completed.
Promptly c. r. Green, as auctioneer,
opened the sale of the separate parcels.
E J. Marshall, vice president of the
Southwestern National Bank of Los
Angeles and president of the Chino
Land and Water company, with note
book in hand, sat near the auctioneer
and promptly made the bids.
Parcel No. was announced for sale
by the auctioneer.
twenty-five thousand dollars said
Mr.. Marshall, quietly.
The auctioneer gave all present an
opportunity of raising the bid, but no
one else seemed to have more than So
600 cash in his pocket and the land was
knocked down to Mr.. Marshall.
For parcel No. 2 Mr. Marshall bid $40,-
coo; for parcel 8, 100000; parcel 4, $780,
600, and there were no other bidders.
Then the bids varied from $4,000 to IS
low as So
When the sale was about half COM
pIeted Mr.. Marshall bid $500 for a GER
tain ten-acre tract, when a small voice
in the crowd said $500.
Seven hundred said Mr. Marshall.
'Seven hundred and fifty" was the
Zone thousand" came back Mr.. Mar
shall, and the other bidder had nothing
further to say.
tract is valuable by reason of the ex-
istence thereon of several flowing arte-
sian wells. The only parcel not bid in
by Mr.. Marshall was one of forty
acres, which was purchased by Mrs.
r. H F. Variel, who secured the tract
for 1900, or an advance of 500 over
the drst bid. The land, Mr.. Marshall
afterWard stated, is so located that 1t
was not considered of particular ad-
vantage to the company to own it.
At the conclusion of the sale the
cash was paid at the Southwestern Ma
tional bank and will cancel the note
of S43O,O00 which recently was bought
of the San Francisco Savings Union by
C. w. Thompson of the Bank of Cali
fornia of San Francisco. acting as
trustee and representing the syndicate
of purchasers
The trustees sale was brought about
for the purpose of forever quieting
title to a number of the parcels and
, ably a dozen people previously had
paid to various agents the original
price of the land, and they must lose
this, but the new owners announce
that those people W p have lived on
the land will be given an opportunity
to buy at a price below the market
value.
It is the announced intention of the
company to sell in ten acre lots 1900 acres
Of the best land and reserve about 1000
acres, including all the hill land, for ranch
purposes. Six thousand acres will be de-
voted to grain and 1900 acres to alfalfa
and the remainder will be devoted to graz
ing. The company expects to furnish the
los Angeles market yearly about 5000 head
OF fatted cattle.
The American Sugar compa ny, which has
a large factory 1900 acres of its own
in the heart of the Chino ranch, will fur
nish the ranch with a large amount of
sugar beet pulp for feed.
About 5000 inches of water, or an amount
IN excess of that used by Los Angeles, has
been deVelODed the ranch.