Orange County observer. [volume] (Hillsborough, N.C.) 1880-1918, 1912-08-15
CHAPTER xVl.-continued.

"You see, I give the value to the
land by building the roads. Then |
sell the land and get that value back,
and after that, there's the roads. all
carrying folks back and forth and
earning big money. Can't lose. And
there's all sorts of millions In It. I'm
going to get my hands on some OF that
water front and the tide-lands. Take
between where I'm going to build my
pier and the old pier. It's shallow wa
ter. I can fill and dredge and put In
hundreds Of ships. San Francisco's
water front Is ~congested. No more
room for ships. With hundreds of
ships loading and unloading on this
side right into the freight cars of
three big railroads. factories will
start up over here instead of crossing
to San Francisco. That means factory
sites. That means me buying in the
factory sites before anybody guesses
the cat IS going to jump. much less.
which way. Factories mean tens Of
thousands Of workingmen and their
families. That means more houses
and more land. and that means me.
for I'll be there to sell them the land.
Then there's the water. I'll come
pretty close to owning the watershed.
Why not the waterworks too? There's
two water companies in Oakland now.
fighting like cats and dogs and both
about broke. What a metropolis needs
Is a good water system. They can't
give it. They're stick-in-the-muds. I'll
gobble them up and deliver the right
article to the city. There's money
there, too-money everywhere. Every
thing works In with everything else.
Each improvement makes the value of
everything else jump up. It's people
that are behind the value. The big
ger the crowd that herds in one place.
the more valuable Is the real estate,
And this is the very place for a crowd
to herd. Look at 1t. Just look at It!
You could find a finer site for a
great city. All 1t needs is the herd
and III stampede a couple of hundred
thousand people in here inside two
years. And what's more, it won't be
one Of these wildcat land booms. 1t
will be legitimate. Twenty years
from now thereIl be a million people
on this side the bay. Another thing
Is hotels. There isn't a decent one in
the town. I'll build a couple of up-to
date ones that'n make them sit up and
take notice. l won't care If they don't
pay for years. Their effect will more
than give me my money back out OF
the other holdings. And, oh, es. I'm
going to plant eucalyptus. millions Of
them, on these hills"
But how are you going to do it?'
Dede asked. You haven't enough
money for all that you've planned"
I've thirty million, and If l need
more l can borrow on the land an6
other things. Interest on mortgage.
won't anywhere near eat up the in
crease in land values, and I'll be sell
Ing land right along"
In the weeks that followed, Day
light was a busy 1t meant quicl
work on a colossal scale, for Oakland
and the adjacent country was no
slow to feel the tremendous buying
But Daylight had the ready cash ant
it had always been his policy tt
strike quickly. Before the other'
could get the warning Of the boom, b.
quietly accomplished many things. A
the same time that his agents wer'
purchasing corner lots and entir
blocks In the heart of the business
section and the waste lands for fac
tory sites, Daylight was rushing fran
chises through the city council. car
turing the two exhausted water CON
panies and the eight or nine inde
pendent street railways, and gettinj
his grip on the Oakland Creek an,
the bay tide-lands for his dock system