Los Angeles herald., 1909-11-22
WOULD UTILIZE
AQUEDUCT LAND
COMPANY OFFERS S1.OOO,OOO
FOR 15-YEAR LEASE
PROPOSES TO PLANT EUcALYP-
TUs ON AVAILABLE LAND
American Forestration Concern De.
cIares Territory Would Be Worth
Hundred and Fifty Millions
at Expiration of Contract

70 pay the city of Los Angeles
$1,000,000 for the use of 10000 acres of
land along the Owens river adueduct
for fifteen years, the land to revert
back to the city at the end of that
time, when it is believed il will be
valued at $l50,0O0,0 900 with an annual
revenue of $15,000,0OO, is the PROPOSE
ton which has been submitted to the
mayor and council by the American
Forestration company, which proposes
to plant eucalyptus trees on all avail
able and suitable aqueduct land
The offer of the forestration COM
pany is embodied in the following
communication, now in the hands of
the mayor and council:
The American Forestration company,
domestic corporation of your city,
begs leave to present for your favor
able consideration the following pro-
posal:
The American Forestration company
desires to lease from the city of Los
Angeles all of the land along the
Owens river aqueduct that is available
and suitable for growing eucalyptus
trees on the following terms and con-
dltions:
(Note: 1t is assumed in the prem
ises that the land available con-
sists of about 10000 acres. If It
should be more or less this pro-
posal shall be altered in the ratio
of the difference between 10000
acres and the actual number of
acres available)
The American Forestration company
20 lease for a period of fifteen years
all of said land along the line of the
Owens river aqueduct, with the privi-
lege and right to use the water from
said aqueduct to such an extent as
may be necessary for the purpose and
objects herein set forth:
Company to Own Trees
To own in fact all of the trees and
timber that may be grown on said
land. provided said trees and timber
shall be cut and taken from said land
during the life of this agreement; but,
however, said cutting to be done in
scientific manner, insuring continued
and healthy life to the stumps left
standing. so that they shall be COM
petent of reproduction.
The American Forestration company
proposes to divide said land into three
tracts or forests in the following man.
ner:
Forest A TO consist of 5000 acres.
Forest r to consist of 10000 acres.
Forest C to consist of $4,000 acres.
And the company further proposes:
To plant forest A within one year;
To plant forest b within two years;
To plant forest within three years.
Said planting to be made of euca-
lyptus seedlings in such system as to
insure after two years healthy stand
of at least 600 trees to the acre.
The American Forestration company
to nav into the city treasury the fol-
lowing sums in the following manner:
S25O,O0 at once, $250000 in one year,
S5OO,OO0 in two years; $1,000,000 total
paid in two years.
HonfarAnce Requested
In addition to the above sum the
citv of Los Angeles will receive at the
end of fifteen years, by the reverting
of said lease. property worth APP
proximately $3.50 100000, estimated by
its earning capacity of $15,000000 an
nually: said estimate being based upon
the authoritative calculations of gov
ernmentaI and other experts whose
conclusions are final.
The American Forestration company
appreciating the extraordinary charac-
fer of this proposal-being, as it is, un-
nrecedented in the history of Ameri-
can icipalities-requests the priVi-
1ege of meeting your honorable body
or anv representative committee. to
set forth in full the methods by which
it proposes to execute the project
herein set forth.
The company respectfully urges on
vour honorable body that prompt ac-
lion which the Importance of the pro-
iect rightly demands.
AMERICAN FORESTRATION COM
PANY.
Rv charles L. Gaskill, secretary and
general manager.