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Los Angeles herald. [volume] (Los Angeles [Calif.]) 1890-1893, November 12, 1890, Image 2

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Another Panicky Day in
Wall Street.
Several Failures on the Stock
The Collapse Due to the Scarcity of
The Bank of North America and Two
Other Banks Unable to Make
Associated Press Dispatches.
New York, Nov. 11. —There was a
general and an important reaction in
the stock market this morning, due to
the improvement in the financial aspect
in London. Early cables announced
that £2,500,000 in gold was on the way
from the continent to the Bank of
England, and that confidence was con
sequently, to a large extent, restored.
Stocks on the London exchange opened
% to 3}? higher, and at close were ram
pant. Everybody was scrambling to
purchase, and prices were leaping up 2
per cent, at a bound.
There was a panic among the holders
of Villard stocks, and prices for North
American and Northern Pacific col
lapsed. One broker Bold 15,000 shares of
North American, and 50,000 shares were
sold by other brokers, causing a decline
of 8 per cent. Northern Pacific, pre
ferred, at 2p. m. had declined 12 1 .. per
cent since opening, most of it since
noon. At times the crowds in Villard
stock were enormous.
Banks Unable to Settle.
Rumors of trouble among banking in
stitutions were current all day, but no
one paid much heed, thinking they were
the usual emanations of bear minds.
After closing, however, it was learned
that three banks, members of the New
York clearing house association, had
difficulty in settling the claims of other
banks against them. There was a bal
ance against the bank of North America
of $1,400,000, which it was unable to
settle. The other banks were the North
River and Mechanics and Traders.
How this heavy balance was created
against the Bank of North America was
a puzzle. During the day the Mechan
ics' and Traders' made its settlement
with the clearing house all right, and
the other two banks received assistance
from other banks in the association, and
pulled through all right. At the Bank
of North America it was stated that the
trouble was directly due to the account
of Decker, Howell A Co., and except that
account, the bank was in a stronger
position than ever.
The most important factor in the de
velopments was the scarcity of money.
Right up to close it was in urgent de
maud, and 'o per cent, and legal inter
est was charged on loans, equal to 18!)
per cent, per annum. This fact and the
troubles of the banks caused a special
meeting of the Clearing-house associa
tion, and after a long session it was de
cided to appoint a committee with au
thority to issue clearing-house loan
certificates in order to enable the banks
to settle the balances between them
selves. This action is expected to re
store complete confidence.
How the Market Rose anil Fell During
the Day.
Wall Street, 11 a. m. —Stocksopened
[email protected] higher, following the lead of Lon
don, became weak on large sales, de
clining steadily for a short time, then
rallied, making material gains all along
the line.
There was a larger attendance of
brokers on the floor of the exchange
this morning than for years. Every
stock on the list had a crowd of brokers
trying to trade in it. When the market
opened the scene was one of confusion
and excitement. Cables reporting an
advance of 2 to 3 per cent, in London,
received before opening, caused the
brokers to take the bull side, and a dis
position to buy was shown all around.
There was a large crowd in St. Paul,
which was first offered at 48, then sold at
2} a percent above yesterday's close.
Heavy expected selling by London, how
ever, drove the price down to The
general list followed, and for a moment
the weakness of yesterday was evinced,
but heavy buying soon began to come
in, and on active business the upward
movement was resumed.
Sugar opened up 2 1 i on the appoint
ment of 11. O. Havemeyer. S. V. White
and General Slocuin as receivers, and
moved up to 67, then reacted to 55, but
was soon once more selling at 67. North
American waa a weak point in the mar
ket, opening at 27 1 .,, and in six minutes
declining to 2I 1 .,, then slowly advancing
to 24.
The Attack on Villards.
Villard stocks seemed to bear the
brant of the early attack. Northern Pa
cific, preferred, showed a loss of 3;
Western Union, 2. The low prices
brought in more buying, however, and
the force that opened the market up,
began again to show its influence, and a
smart rally took place.
The strongest stock on the list was
Union Pacilic, which failed to go below
the opening figure, and with a rally ad
vanced to -IS, against 44 at the opening.
Tbe rest of the list generally regained
early losses, and in almost everything
but'Villards, fractional advances weie
The market at 11 was still very active
and unsettled, at improvement. After
the announcement of the failure of C.
M. Whitney, and the break in North
American, the market rallied on receipt
of private cables announcing that £3,
--000,1X10 in gold were on the way to Lon
don from tbe continent, and that money
was easier at that center. Vanderbilt
brokers were heavy buyers of Union Pa
At noon money was tight with no
offe.-s, and 20 per cent was bid. The
stock market after 11 o'clock showed
a moderate volume of business in com
parison with the enormous sales of the
first hour, and while a firm tone pre
vailed, the highest prices were not gen
erally maintained. Reading and Burl
ington were conspicuous for their weak
ness. Louisville and Nashville and
North American displayed the most
strength. Union Pacific was held at 48
to 4tt|g. was afterward held stead}' at
about 47 ; some sales were made under
the rule, for the account of Whitney &
The Biggest Drop or the Day.
Trading in stocks, after 12, was marked
by the apparent withdrawal of all sup
port, and a special vicious attack by the
bears upon Villards, which brought
about the most rapid and disastrous
drop of the present decline. The forces
of the bears were concentrated against
Northern Pacific, preferred, and that
stock before 2 p. m. had been forced off
over 10 per cent, reaching 56, against
66?" a, at noon. The rest of the market
sympathized to some extent, St. Paul
allowing the most weakness, outside of
Villard. It dropped to 46 3 ' 8 from 48, and
all the active stocks losing probably as
much. There was a fractional reaction
in the general list toward 1 p. m., but
the steady drop in Northern Pacific pre
ferred, accompanied by rumors of a
noted Villard house being in financial
difficulties, was such that the entire list
soon became demoralized, and the losses
from noon figures reached an average of
Ito 4. There was a perfect panic in
Villards, and Northern Pacific, common,
lost 35i! to \7 3 4, while North American
dropped to 10 3 4 . The market showed
some strength toward the delivery hour,
and Northern Pacific preferred rose to
51bnt at 2:15 the market was active
and weak, with most of the list at the
lowest prices of the day.
Moneys Wide Range.
Money during the day was tight,
ranging from 15 to 180 per cent. The
last loan was at 180.
Bar silver was $1.02 t 4 \
Stocks remained very active. In the
last hour heavy sales under the rule un
doubtedly tended to demoralize some of
the specialties. North American touched
Sugar, which had sold at 58,
dropped to 54. The pressure abated to
ward the close, and a few marked recov
eries took place, St. Paul and Union Pa
cific being the most conspicuous. The
market closed active and firm at the
lowest prices of the day.
The general list, which was at its
highest point during the forenoon, some
1 to 4>o per cent, better than last night's
prices, felt the influence of the heavy
pressure upon Villards, and in most
cases about all the improvement was
lost, while some specialties, like Louis
ville, New Albany and Chicago, Great
Northern, preferred, Kdison General
Electric Light, and some others, scored
declines from 5 to 20 per cent.
Improvement at Close.
Improved feeling in the last hour was
shown in another upward movement in
the list, and close was firm and active,
leaving most stocks at materially better
tigures than those last evening.
Wheeling and Lake Erie stocks are
the only ones in the usually active list
which show any material losses for the
day, outside of Villards, common being
down l'jj and preferred 3 per cent. North
American, however, is 8 7 8 per cent,
lower; Northern Pacific, preferred, 11 3 n ,
and common 0? 4 . On the other hand,
sugar refineries are BJ£ higher; Louis
ville and Nashville, 2 1 ._, ; Erie, 2; Union
Pacific, lj'g; St. Paul, l 3 g, and the
others fractional amounts. This is re
markable in view of the financial troubles
announced during the day, altogether
with the fact that money was held very
tightly throughout the day, reaching '»
percent, per diem and legal interest on
call, there being no offering of funds at
any time during the day, and a loan
being made at the highest figure, which
was 180.
Governments steady.
The Market Bulled at Boston.
Pobton, Nov. 11. —A desperate but
successful effort was made upon tbe part
of the bulls to advance stocks this
morning, as fears were entertained that
a further decline would lead to an act
ual panic. Quotations opened booming
about 2 per cent higher than last night
as a rule. A further slight improve
ment was made, but when there came
news of the failure of a prominent Wall
street house, prices fell off. Trade
changed for the better again, and by 12
prices were near those of opening. At 1
p. m. the market was firm.
At times excitement ran high, and the
crowds at the local boards were larger
than for years past. There was, how
ever, very little of the panicky feeling
manifested that prevailed yesterday.
Although prices generally fluctuated
widely, the range was considerably
above yesterday's figures, and altogether
the feeling showed a better and more
hopeful temper.
A Number of Wall-street Firms Succumb
to the Panic.
New York, Nov. 11.—Charles M.
Whitney, a prominent member of the
stock exchange, suspended today.
Charles M. Whitney & Co. represent
here the Whitney National bank of New
Orleans, and some other southern finan
cial institutions. The firm is composed
of Charles M. Whitney, Edwin S. Lar
cher and Frank M. Larcher. An assign
ment was made to George W. Quintard.
There is a preference made in favor of
Maria Louisa Whitney, as guardian of
Morgan Whitney, to the full amount of
the claim, which is not stated.
Whitney & Co. had been heavy losers
in several stocks, of which they carried
a large line, and some of which for the
month past had been almost unsaleable.
It is not known yet whether the aggre
gate liabilities will be sufficient to crip
ple any other traders.
New Orleans, Nov. 11.—The presi
dent and directors of the Whitney Na
tional bank inform the Associated Press
officially that the bank only loses $235
by the failure of Whitney & Co. of New
York: that the bank is not interested in
the firm.
CM. Whitney is a large stockholder
in the bank; he is also interested in the
Whitney iron works and Baker & Co., a
large saddlery firm. Both claim that
they are not affected by the failure.
Villard Brokers Fail.
New Yohk, November 11.—
Decker, Howell & Co. made an assign
ment to William Nelson Crowell. The
firm is one of the largest on the ex
change, and is considered very wealthy.
It has been identified for years with the
movements of Villard stocks, and is gen
erally considered Villard's soecial bro
kers. The failure is considered the cloud
that had been hanging over the market,
and after it was announced a rally of 1 to
2 per cent, occurred.
Assignee Cromwell eaid this after
noon : The liabilities are about $10,000,
--000, and the assets at the present mar
ket prices largely exceed that sum. The
liabilities are due almost entirely to
banks and bankers on loans made in the
course of business, and are well secured.
The cause of the suspension was inabil
ity to borrow the necessary amount of
cash required in the day's business.
The firm's transactions were very large,
it being necessary to borrow several
millions daily. The firm had abundant
collateral today, and it was not for lack
of security, but inability to make it
available, that caused the crash. It
was simply a|matter of absolute inabil
ity to get money on the best securities
owing to the extraordinary money strin
gency now prevailing.
Failure of Importer*.
New York, Nov. 11.—The assignment
is reported of John T. Walker, Son A
Co., importers, etc. They are rated by
K. G. Dun & Co. at over $300,000. The
firm is composed of John T. Walker,
John W. Coombs and Joseph Walker.
William T. Ryle is made assignee.
The cause of the failure of Walker cV
Son, was the inability of Nightingale
Brothers & Knight, of" Paterson, N. J..
silk manufacturers, to liquidate their
liability to the firm According to As
signee Ryle the Paterson firm owes the
estate of John T. Walker & Con,
$410,000, of which $100,000
is overdue. The active capital of Walker
& Son for the past two years has been
$300,000, so they are unable to withstand
the loss. The firm has been currying a
heavy load for the past four years, and
whenever the Paterson firm was unable
to meet its obligations, it was taken care
of. Owing to the tight money market
and suspicion concerning silk paper,
caused by several recent failures, the
firm were unable to get the usual accom
modations, and suspended payment.
Liabilities, $1,000,000; nominal assets,
$1,300,000, composed of $500,000 in mer
chandise, $800,000 worth of accounts and
bills receivable, of which over $400,000 is
due from Nightingale Broa. & Knight.
An attachment waa issued this after
noon against Nightingale Broa. &
Knight, for $03,060, in favor of Walker,
Son & Co. The aßsigneeß of the Walker
firm, said the attached firm owes them
$410,000. In Paterson it is said their lia
bilities will not exceed $25,000.
David Richmond Goes Under.
At 2:55 p. m. the failure of David
Richmond was announced on the stock
A Philadelphia Failure.
Philadelphia,Nov.l I.—The stock bro
kerage firm of Narr & Friend has sus
pended. They say their embarrassment
was caused by the continued drains pro
duced by the active market of the past
ten days. The tirm hope that Llielf sus
pension is only temporary. They are
unable yet to make a statement of assets
and liabilities, but it is thought they
are heavy.
The firm had been long on the market
lately, especially in Northern Pacific
stocks. When these stocks broke badly
today on account of the failure of
Decker, Howell & Co., New York,
they called upon a number of custom
ers* for margins, but 'they failed
to respond, and the firm could not carry
out its contracts. This evening, it is
stated, $25,000 will cover their differ
The excitement on the New York
stock exchange was reflected to a con
siderable degree in the exchange in this
city today, but no further failures are
Money Easier, and Only One Small
Failure Announced.
London, Nov. 11. —The stock market
opened feverish, nearly everybody buy
ing to close bear accounts. Money was
much easier, owing to the rumor that
much gold had gone into the Bank of
England. At 12:30 p. m. the tone of the
market was better, compared with last
night's closing prices. Consols for both
money and account showed an advance
of >4 per cent.; Canadian Pacific, I;
Erie, %; Illinois Central, '.i; New York
Central, I.
At 2:30 p. m. the stock market was
more quiet; prices were steady, and the
account had been pretty well arranged.
It revealed several stocks in a bear posi
tion. Rates for continuation of loans
were much lower. Only one failure is
thus far reported, that of a small firm of
At the close, the prices of consols for
both money and account compared with
the prices at 12:30 p. m. were un
changed. Canadian Pacific showed an
advance of 1; St. Paul, common, 4;
New York Central, 2% ; Pennsylvania, 1.
The Receivers Appointed With Absolute
New York, Nov. 11. —Judge Pratt
this morning appointed as receivers for
the sugar trust General Henry W. Slo
cura, Henry O. Havemeyer and S. V.
White. Their bond is $500,000 each,
with two or more sureties. A motion
was made for judgment to be reversed
and the injunction suspended as soon as
the receivers take charge.
Judge Pratt directs the trustees to de
liver to the receivers every book of ac
count, entry or memorandum relating to
the property or business of the sugar
trust, and their servants are com
manded to deliver to the receivers
evidences of title, evidences of indebt
edness, evidences of rights, certificates
of stock, book account entries and mem
oranda. Their servants are also directed
to make full, complete statements to
the receivers of all facts in their posses
sion, in order that the receivers may he
enabled to settle the business of the
trust. The court ordered that the trus
tees shall absolutely desist from further
management of or interference with the
business or property of the trust, and
also from exercising any power over the
corporations composing the trust. The
court forbids the removal from the state
of any property of the trust, except in
the ordinary course of business. The
court continues in force the original in
junction, restraining the Central Trust
Company from reorganizing the trust.
A Fanners' Alliance Judge Who Knows
No Law.
Kansas City, Nov. 11. —In the Kansas
judicial district which includes liarber,
Harper and Comanche counties, Mc-
Kay, the Farmers' Alliance candidate,
was elected. Judge McKay is a farmer,,
has no technical knowledge of the law,
has never practiced law and has never
been admitted to the bar.
Episcopal Congress.
Philadelphia, Nov. 11. —The thir
teenth congress of the Episcopal church
of the United States was inaugurated
this morning. The holy communion was
administered and a sermon preached by
Bishop Clark of Rhode Island. The
inaugural address was delivered by
Bishop Whittaker, who presides. The
sessions began this evening, and will
last till Friday.
Fraternal Congress.
Pittsburg, Nov. 11. —The fourth an
nual session of the National Fraternal
congress, comprising nearly all the bene
ficial organizations in the country, began
here this morning. Sixteen societies,
with a combined membership of 1,100,
--000. are represented. The convention
will be in session several days.
Murdered by a Negro.
Lexington, Ky., Nov. 11. —Dr. Bos
well Gorham, a prominent physician,
residing six miles from Lexington, was
shot and killed by a negro named Dun
can this morning. No cause is assigned
for the murder. Armed men are scour
ing the country in search of the mur
The Menlo.
This elegant house has changed hands; been
entirely re-furnished; rooms sunny; location
central; prices reasonable; everything first
class: for families or single gentlemen. Every
thing superintended by the proprietress, MRS.
H. H. Heath.
Frank X. Engler.
Piano regulator and tuner, 119 8. Olive Bt
A Budget of News and Personal Gos
Pete Steil returned to his camp at
Wilson's Peak yesterday.
The new house soon to be built by
Allen Dodsworth promisee to be a
The entertainment at Wooster hall on
Monday night netted the Charity soci
ety a handsome sum.
At a meeting of the Mt. Wilson toll
road company, it was decided that the
road should be built as soon as possible.
.1. S. Allen and family of Spokane
Falls will soon move into a house on
Orange Grove avenue. Meanwhile they
are at the Carlton.
The final meeting of the Markham
club committee will be held on Friday
evening. Any billa against the club
should be sent in before that time.
Invitations for the tennis ball, on the
21st, are out. Mrs. C. F. Holder, Mra.
C. D. Daggett, Mra. W. U. Masters, Mrs.
L. Blankenhorn and Mrs. Geo. Patten
are the patronesses.
Hellen Bros.'s horse ran away last
night about 6 o'clock, breaking the
wagon and throwing out the driver, but
fortunately injured no one. The same
horse ran away a short time ago, injur
ing Mr. Hellen so severely that he has
just been able to get out of the house.
The sports on Thanksgiving day at
' Sportsman's park are bound to be a suc
cess. The management is using every
! means to insure an attractive pro
' gramme. AVorkmen are now engaged in
i putting the track in perfect order, and
! the members of the club have begun
I active training. Agentleman connected
with the Western Union company will
give an exhibition of fancy shooting.
A reception is to be tendered to the
Right Rev. Nichols, assistant bishop of
the diocese of California, who is to arrive
in Pasadena on Friday. Before the re
ception the reverend gentleman will be
driven about town, and shown the nu
merous places of interest. The rite of
confirmation will be administered Fri
day evening. On Saturday afternoon
Rev. and Mrs. Ottnian will hold a recep
tion in honor of the bishop.
A Query.
Editors Herald :—Cannot the cham
ber of commerce be persuaded to cut out
a section of the street pavement on Main
street between First and Third streets,
and send to our exhibit at Chicago as a
specimen of a Los Angeles Herr-Morford
ite pavement, to enlighten our eastern
friends? B.
Reliable Goods and Satisfac
tory Prices.
Sanborn, Vail & Co.,
138 South Spring Street
fThe Cod
That Helps to Cure
The Cold.
The disagreeable
taste of the
is dissipated in
( Of Pure Cod Liver Oil with
i OF SODA. j
J The patient suffering from
t nttONCHITI*, MM t.ll, VAiIM, or )
t WASTING DIMEAKKN, may take tho
t remedy with as much satisfaction as ho >
j would take milk. Physicians are preecrib- )
j lug Itevarywhere. It is a perfect emulsion, j
| anil a witMflerfallU'Nli producer. J\tke no other )
May be produced by the use of Mas. Gra
ham's Ecoknik Knamkl and her Roskßkoom.
The complexion and color are made perfect,
and the closest scrutiny could not detect one
grain of powder or the least indication of arti
ficial color. I will stake my reputation that on
any face f can give the most delightful com
plexion and color with Eugenic Enamel and
Rose Bloom, and that no one could possibly
tell that the complexion or colorwere artificial.
This is high art in cosmetics. They are each more
harmless than any other cosmetic in the world,
because they are each dissolving in their na
ture and thus does not clog the pores.
When using these superb cosmetics you may
wipe the dust, or perspiration from the face
without marring their delicate beauty. They
remain on all day. or until washed off.
Price of each, %\ ; the two sent anywhere for
|2. For sale by all druggists. F. VV. Braun &
Go., wholesale agents, Los Angeles.
If you wish to sell or buy Second-Hand
Be sure and give us a call. We have In stock
a large variety of goods too numerous to men
tion, all of which we offer cheap for cash, or
will sell on installments.
10-19-3 m 451 8. Spring st., Lock box 1921.
Main Street Savings Bank and Trust Co.
Incorporated Oct. 28th, 1889.
CAPITAL. STOCK, ------ $200,000
J. B. LANKERSHIM, I'rest. F. W. DbVAN, Cashier. CHAS. FORMAN, Vice-Prest
Chas. Fonnan, J. B Lankershim, J. H. Jones, Daniel Meyer, A. H. Dcnker, K. Cohn. Pierre
Nickolas. O. T. Johnson, G J. Griffiith, I. VV. Hellman, M. Weller, Wm. S. DeVan, I. N. Van Nuys.
H. VV. O'Melvcny, J. J. Sjchullert, QeO 11, Pike, H. W. Stoll, Wm. (1. Kerckhoff, E. E. Hewitt. Win.
Haas, Richard Allschul, f. W. DeVan, A. Ilass, L. Winter, B. Germain, C. (larnicr, Mrs. M. B.
Manslicld, K. 11. Young, Kaspare Cohn, R. Cohn, A. W. SohOllS, B. Haaa, H. Newmark, 8, C. Hub
bell, 11. Wilson, Mrs. A. L. Lankershim.
The Design for this Institution is to Afford a Safe Depository
For the earnings of all persons who arc desirous of placing their money where it will be free from
accident, and at the same time be earning for them a fair rate of interest.
Deposits will be received in sums of from one dollar to five thousand dollars. Term deposits
in sums of fifty dollars and over. •
We declare a dividend early in January and July of each year. Its amount depends on our
earnings. Five per cent, on term and from three to four on ordinary.
Remittances to all parts of the world. Letters of credit and Cheque Bank chcqueß issued to
Money toloauon mortgages. Bonds and dividend paying stocks bought and sold.
For further particulars, circulars, etc. address the Bank.
No. 114 Soutli Main Street, Los Anjreles.
CAPITAL. STOCK, - $100,000
E. N. McDONALD, President. VICTOR PONET, Treasurer.
W. M. SHELDON, Vice President. LOUIS LICIITENBERGER, Vice President.
M. N. AVERY, Secretary. P. F. SCHUMACHER, Asst. Secretary.
Deposits received in any sums over One Dollar, and interest paid thereon at the rate of Three
per cent on ordinary deposits aud Five per cent on term or long time deposits.
First mortgage loans made on real estate at lowest current rates. 10-16-(!m
Citizens' IBank of Los Arigreles,
CAPITAL., ______ $200,000
T. 8. C. LOWE President.
T. W. BROTHKRTON Vice-President.
F. D. HALL Cashier.
T. S. C. Lowe, H.L.Williams, C. F. Cronin, L. W. Blinn, T. W. Brotherton
Transacts a general banking business; sells exchange; discounts notes; accepts accounts
subject to check: pays interest on time deposits. Give us a call. 11-11-tim
Orange Lands For All!
THE SEMI-TROPIC LAND AND WATER CO. have about 20,000 acres left,
of their original purchase of 20,000 acres of the best orange land in Southern
We have always sold our lands for $200 per acre, until this fall. Now we have
reduced the prices and lixed our terms to bring the land within the reach of all.
We are arranging two irrigation districts under the "Wright Irrigation Act," and
are selling land in one of these districts at $75 per acre, with a rebate of $15 per
acre for improvements, to be put on the land by the purchaser the first year. This
leaves the net price at $00 PER ACRE, payable, $10 per acre cash, the balance in
3 equal payments, due in 2, 3 and 4 years, at 8 per cent interest.
In the other dietrict we sell the land for $100 per acre, with a rebate of $25 for
improvements put on the land by purchaser the first year, which leaves the net
price at $75 PER ACRE, payable $10 per acre cash, balance in 2, 3 and 4 years, at
8 per cent, interest.
Our lands lie four miles west of San Bernardino and Colton, on the Santa Fe
and Southern Pacific railroads,seven miles north of Riverside,and we are prepared
to establish the fact that in quality and location they are not excelled in this
country. Our elevation is 1300 feet above sea level, being about 400 feet higher
than Riverside, and almost entirely free from frost.
The home oflice of the company is at Rialto, one of out four railroad stations ;
and the officers are :
Ex-Governor Sam'l Hbbbh.li, President
Major Geo. H. Bonebrake, Vice-President.
F. C. Howes, Treasurer.
J. L. Merrill, Secretary.
L. M. Brown, 132 N. Spring street, Los Angeles, is the agent of the company
in this city.who will give further information on application either in person or by
letter. 10-9-tf
Has Removed to
BARTON LAND AND WATER CO. have concluded to sell the remainder
of that grand old Ranch in small tracts of 5, 10, 20 and 40-acre pieces, with
pure mountain water piped to it and deeded with the land at $300 per acre. Only
10 per cent cash required at time oi purchase, and NO FARTHER PAYMENT
for TEN YEARS, except 0 1 {. per cent inteiest per annum. The buyer gets a con
tinuous flow of one (1) minei's inch of water with each seven acres."
Over $250,000 worth of this land has been sold in the past vcar, principally to people that
have been engaged in orange growing for many years. Over 90,000 orange trees have been
planted by the settlers berween March Ist a d August Ist, 1890. All of the lund is within one
and a half miles of the center of the city of Redlands, und a good deal of it within three-quarters
of a mile. Railroad and motor line through the land.
You closely-confined, tired out BUSINESS Mli.N'.go and spend ?15 per month for care of
ten acres, and within five years you can sell for ?10.000—if properly cultivated. TITLE U. S.
PATENT. For further particulars, write to
President and General Manager,
10-20-1 m 144 Soutli Main Street, Los Angeles, Cal.
With a History and a Future!
Sent by the Japanese missionary, Joseph Nessima, to a prominent Boston lady, Mrs. Alpheus
Hardy, w hose name it bears This beautiful flower is snowy white, incurved and of large size;
but it is different from any other known variety, in its unique coverinij of down, making its title of
The Ostrich Plume Chrysanthemum
Remarkably appropriate. This is no untried novelty, but has excited unbounded admi
ration, throughout the east for two seasons. Last fall we exhibited the finest blonm ever seen
in Los Angeles. Thia fall wo have the finest stocn of the plants in Southern California The re-
Bults we show are natural results, and can be equalled hy the most inexperienced cultivator If
you want flowers twice as large we will tell you how to get them, price of the MKs. ALPHEUS
HARDY, strong plants in 4-inch pots, 35 cents each. A few larger, at SO cents to 75 cents. We
have many other fine varieties from $1.50 to $3.00 per dozen, and a hundred other things besides
chrysanthemums. Roses and Carnations by the thousand, and Peppers, Cypress, Euca
lyptus and Grevllleas, by the hundred or by the mile Come and see us on Pasadena avenue,
one mile from city limits; or, address a letter to Garvanza. 100 cents in va uc for every dollar
'fake Santa Fe R. R. to Central aye., or Cross R. R. to Santa Fe crossing.
delivery. Prompt shipment.
C. G. PACKARD, Ravenswood Nurseries,
Pasadena Avenue, Highland Park. 11-4-eod-4t

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