Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1900-1911, 1908-01-12
NEW BANK IS
PLANNED FOR
BEAUMONT
RAPID GROWTH OF NEW CITY
is CAUSE
-
NATIONAL BANK NOW BEING
ORGANIZED
SaIes for First Week in New Year
Reached $t4,0oo-Many Fine
Bungalows Now Being
Built

The Beaumont Land and Water COM
pany reports increasing interest in their
twice-a-week excursions. Both the Sun
day and Thursday excursions of last week
were unusually large. carrying three
coaches, every seat being taken. Home
seekers and investors are approaching
the unusual opportunities afforded by these
personally conducted trains. Reports in
dictate that todays excursion will be
larger than any that have preceded.
The company has just had plated 400
acres south of the rail track, which
is offered at $50 per acre. This covers the
territory in part Immediately south of
the townsite and includes the lower half
OF section ii. number of sales have
already been contaminated in this new
tract.
One OF the pleasing features which the
eXcursionist observes on his arrival at
Beaumont is the long list oil improvements
made and being made. More than dozen
cottages and bungalows are in process of
construction. J. NJ Long is erecting a
$500 house just at the north end of the
townsite. Plans are being drawn for a
cold storage plant. Architect Hibbard
is getting out plans for a grist mill and
also has plans for laundry Store build
mss are also IN process OF erection.
Parties are now conducting negotiations
for the establishment of a national bank
The men at the head of this enterprise
are experienced h4anciers and their
judgment has indicated to them that
Beaumont affords one of the most adj
mirable locations for n banking instltn-
ton in Southern California. The present
growth OF the city and the rapid filling
up of the valley with small ranchers
nrOnf n them that IN eff
ton will not only be a matter of great
convenience and Importance, but profit.
HoIlanders Coming
II. II. Kruseman, formerly of Holland
has been corresponding with the papers
of his native country relative to his APP
precautions of Southern California. He
has found the far-away nation strongly
interested in this paradise of the south
west, so great in fact that q co.ony is be-
ing organized in Holland, and he is en-
gagged in finding place for the establish
ment of their new homes here in South
ern California. Mr.. Kruseman has be-
come deeply interested in Beaumont. and
is now conducting negotiations for the
setting apart of portion OF a great tract
| for this colony oil Holland people
l. The past week has seen sales totaling
$4,000. making tie grand total since the
latter part of Sc .tembsr $f33. 900. Among
the recent purchasers mas DSen Mrs. II. Is.
Sherwood. the wife of the well known
Los Angeles ciothier and daughter of the
Rev. Mr.. Edward Funk OF the Methodist
church Mr.. Foss Funk, who for many
years has been head of the Wholesale de-
partment of the Sherwood clothing es-
ENLISTMENT will occupy the beautiful
house which has been planned for tnls
tract.
Another prominent buyer was A. II.
Mutt of the Los Angeles chamber of COM
merce. Mr. Mutt is nown as thorough
business man and well versed in land val
ues. having been heavily interested in
this part of Southern California. notably
Huntington Park and Covina. Mr.. Mutt
| Investigated the Beaumont proposition
very thoroughly ana has, this past week.
purchased twenty acres in section II, In
addition to several town lots.
Mr.. Mutt CONSIDERS the future of Beau
mont to be of very positive character.
He says he sees no reason why Beaumont
/ would not become one of the most import
ant centers in this part Of tht state, and
further states thet # he were a young
man and desired to enter the mercantile
field he knows OF no town or locality in
which he would ,ather cast his fortunes
than in Beaumont