The San Francisco call., 1909-08-28
SO5-6 KOHL BUILDING
SAN FRANCISCO, CAL.

the Court, filed January Is, 1909, well said In the
the West, that the shares of the Western Pacific Rail
possibly inside of years reach figure that would
today appear visionary The attention OF the creditors OF
to the present quotations at the New York Stock Exchange
OF the shares of the Southern Pacific Railroad, zlH; IT
not so long that these shares were practically OF IN
significant value"
The last price Of Southern Paeife stock is si55 It
built it was bonded for about double its cost This is
the with the Western Pacific The road has been
with integrity and honesty every direction Mr.
eery and Mr Gould deserve the good will of California
builders The Western Pacific is perhaps the first Of the
great ransconnental roads built American territory
without any construction company profits to the orig
and hackers of the road
Santa Fe Stock has risen from S12 to Sl2O share
within ten years The Hartman fortune founded
the rise of Union PACIFIC Stock from hing price to
present value of about s2l0 per share
1t will be remembered that of the depositors
money paid out for this stock the stock having
received by the Trust Company additional colla
eraf old and part payment of obligations that
could be otherwise collected This one asset put into
we'll be worth from Siooooo to $42ooooo It is an asset
in Organizing the Western Pacific and selling the Aameda
assets of the Trust Company by at least S2,5O0,0OO
PLAcERvILLE AND LAKE TAHOE
RAILWAY COMPANY:
This Company owns broad gauge railroad from
Canine, El Dorado County Placervie The road cost
profit The road built handle the lumber and other
traffic of the El Dorado Lumber Company. This road
Lumber Company The Trust Company owns $4,000 OF
the bonds of the company.
THE Ell DORADO LUMBER COMPANY:
This company capitalized $2,0o00o0 divided into
10000 shares, of which the Trust Company 1884
shares The outstanding bonds of this company
to about S34l0OO, OF which the Trust Company owns
$6l000 The FL Dorado Lumber Company and the Placer
critics can readily make net profits exceeding s25ooo per
Lumber Company, states that in the next FIVE the
net profits from these companies should amount 000
saw mill and plant and some standing timber left, proper
ties worth at least 100000
10000 to $4,000 per share prior to the closing of the Trust
Company
the FL Dorado Lumber Company
Harmon the former president of the FL Dorado Lumber
Company which report is dated July l. 1902 will be OF
REAL ESTATE: The Ell Dorado Lumber Company
owns some Of the finest bodies of virgin Sugar and White
the Georgetown Divide, about rs miles from Placervie
n The ugar pine is al adapted m for M % um
suitable for interior finish beved siding sash and door
State of Maine for large manufacturers in that State
Very large quantities Of the Sugar Pine have been shipped
the United States Practically ali Of the high grades have
been shipped to the Middle West and Eastern States.
which o30s virgin timber The holdings Sugar
Pine and w White 5 Pine owned by the est
s76o500 making total of III $4,000 feet of standing
Harmon estimates this timber to be of the value of
$6o7l625 Including the other real estate holdings of
the company Mr. Harmon estimates the total value of the
real estate at $682 $685. Mr.. Harmon says:
Adjoining the timber lands there about 10000
of Sugar and White Pine belonging the United States
Forest Reserve, known the Lake Tahoe Reserve Ne
goatons for the cutting of this timber have been prac
ticaly agreed with the Forest Service, with the
understanding that the logging rail-
road extended about and oneha miles, the Forest
Reserve will be ready to sell $he FL Dorado Lumber
Company the Sugar and White Pine timber controlled by
the United States. The El Dorado Lumber Company
owning the only railroad transportation the Sierras in
this county makes 1t the only competitor
I'm addition to the timber owned by the El Dorado
Lumber Company there other larger by
outside parties which will undoubtedly be transported and
sawed by this company, their holdings would be
large enough TO warrant them building mill
railroads.
LOGGING EQUIPMENTS: Book value SoOO72o5
Mr.. Harmon appraises it at $4,000
"At Pine t1rande, El Dorado County, the company
operates triple band mill with daily capacity $4,000
100000 feet per day of hours The mill consists of
Als Single Band Mill to handle logs up 108 inches
in diameter and Als Telescope Doube-C Cutting Band
TO handle logs to 90 inches in diameter and Ais
Telescope Double-Cutting Band to handle logs up SO
inches in diameter Carriages are equipped with shot
Gang Edgers with steam lift rolls automatic trimmers
live rolls and automatic sorting table los feet long Ample
furnished from boilers and Ais Reynolds
Corlss Engine, "a by 48 inch cylinder and one Alis
plant is fully equipped with automatic spnkers and
reservoirs auxiliary supplies OF Mr. Harmon
appraises the value S15485000.
STORAGE YARD AT CANINO Ell DORADO
COUNTY: Regarding the plant here Mr. Harmon says:
The cutting plant is very modern one, having been
recently constructed and has been arranged cutting
up sash and door stock for the Eastern Market The
for this plant and for the Dry Kiln consists of
feet with Ais Reynolds Coriss Engine 8 by So inch
cylinder.