Los Angeles herald., 1905-03-12

ton into Southern California. These
fine properties, on portions of which
the popular seaside resort of Redondo
and the fourishing interior town of
Inglewood now stand, were bought by
Freeman for something over five dol
became very rich man. They once
told very amusing story about Sir
Robert and some surveyors whom he
had employed to locate the lines Of his
ranchos According to this narrative
the Scotch baronet neglected to invite
the party to dinner when occasion
brought them near his house in their
rounds over an estate of some thirty or
forty thousand acres, and the survey
ors, in revenge, left some ten thous-
and acres or so out of their plats.
1t was on the Centinela that Mr..
Freeman, in the celebrated year of
drought, 1851 first demonstrated the
ability to raise fine crops of wheat and
barley on the mesa sheep ranges lying
between Los Angeles and the sea at
lNCuOiuo anu OdItd 1OiiiSd. 0ilCC licl
purchase at the insignificant price
mentioned these lands have become
enormously valuable, ranking their
owners high in the lists of our "solid"
men.
A Rich Community
There are few communities of the
population Of Los Angeles where there
are so many rich people. Much of this
wealth is inherited, a good deal of it
was made here and more has been in
troduced by enterprising people from
abroad Amongst the latte" class is
Mr.. Henry e. Huntington. This
gentleman, outside of his trolley
railroads, has invested enormous
amounts of money in the city
and county of Los Angeles. 1
made an effort to approximate the
amount by applying to persons whose
means of acquiring information were
of the best, and the result ran between
$5,000,0O0 and $1,O0O,000. Into his rail-
ways, another question altogether, he
has poured the money of his friends
and investors guided by him in count
less millions. His outlays in this line
have been so great that Mr.. l. W. He'll
man, who was the means of bringing
him to los Angeles, and whose ambj-
tion is in the line of conservative bank
ing, few weeks ago effected an ami
cable separation of their interests, re-
tiring to his well understood speciality
of finance.
The advent of Mr.. Huntington in
Los Angeles has probably resulted in
raising the valuations of the city 30
per cent, covering a period of three or
four years.
While talking of trolley railways, the
Messrs. NJ H. Sherman and e. p Clark
have done wonderful things in that line
for Los Angeles and have become rich.
They are the pioneers of interurban
transportation and are endowed with
an enterprise and sagacity that would
command fortune anywhere.
Mrs. Arcadia b. de Baker is one OF
the richest women in Southern Califor-
mia. She owns the Baker block the
San Vicente Santa Monica and much
other valuable property.
have recently spoken of the Flints
and Blxbys. and shall pass them with
the remark that, like Lucky" Bald
win. they go away up in the millions.
The recent building of the Lanker-
SHIN hotel calls attention to the fact
that Col. Lankershim inherited large
fortune from his father, Mr.. Isaac
Lankershim the pioneer wheat grower
of California, A conservative estimate
would place his fortune at $2,0O00OO net
that Of his sister, Mrs. l. N. Van Nuys,
at a similar sum, and that OF that
lady's husband at quite as much. Both
Col. Lankershim and his brother-in-
law, l. N. Van Nuys. are great money
makers-keen, sasacious business men,
Mrs. Lankershim, who has spent much
Of her time in Paris Of late. 10 a