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2 sented by such stock. The California Development -,ompany owns and is in possession of the entire Imperial Canal enterprise, better known as the Imperial Canal System, situated in the Southeastern por tion of San Diego county, State of California, heretofore more particularly designated as the Colo rado Desert or the Delta of the Colo rado, but now widely known and pro fusely advertised as the Imperial Set tlements. Said company owns in fee simple through a subsidiary corpora tion, 100.000 acres of sedimentary land, located in Lower California, Mexico, adjoining San Diego county on the south and extending from the Colorado River on the east about 65 miles to the west, through which the great Imperial main canal, owned by said company, extends. Water for ir rigation and power purposes is divert ed from the Colorado River in San Diego county, California, about two miles north of the boundary lines be tween the two republics, and is con ducted through said canal a distance of about 60 miles to the boundary line between the two Californias and there delivered to the main sub-canals, cov ering the lands located by the Im perial settler, of which the.re have been over 125,000 acres so located; and a large acreage thereof is being prepared to receive the seed for fall crops. Said company is in absolute control of sufficient water to cover an area of rich valley land, accessible and irrigable, comprising about 800, 000 acres. The present price of water snares, conveying the right to use such water, owned by said company, is $15 per acre and readily selling at such price. In addition to the original cost of such shares, the owner thereof is obliged to pay not less than fifty cents per acre, per annum, for the privilege of the use of such water, whether applied to the land or not. In order to successfully produce or dinary crops of alfalfa, it will require four times tne cost per annum above stated, during the season; $1 per acre per annum will probably purchase sufficient water to produce cereal crops. It is a well-known fact that the Imperial Canal System and the Imperial Settlements have more water available than any other system in operation or likely to^be put into op eration, on the continent. The Colo rado River supplies sufficient water during the irrigation season to cover an area of over 8,000,000 acres, while there are only about 3,000,000 acres under the entire length of the stream irrigable, of which one-half is subject to and under the control of the Im perial Canal System. It may be observed that the amount of land to date located, requiring the amount of water above noted, will produce an annual revenue of about $200,000, and when said system is completed, the annual income will very nearly reach the million dollar mark. The present estimated value of the assets of the California Development Company may ue stated as follows: Notes secured by mortgage . . $ 300,000 Stocks in other corporations and securities 2,500,000 $2,800,000 Deduct cost of selling xand and water snares uader con tract with Imperial Land Company ..$375,000 For obligations, im provements and ex tension 800,000 1,175,000 Net $1,625,000 It is believed that the foregoing es timate of values and deductions is perfectly safe and conservative. The annual rentals for water applied to the lands now taken up, less adminis tration charges, should be sufficient to pay at least 10 per cent, per annum upon the entire capitalization of the California Development Company, which is $1,250,000; said percentage will naturally be very largely in creased as the system is extended. Tnerefore stock at par in such com pany certainly is a satisfactory in vestment. No account has been taken and no mention made of the value of over 600,000 acres additional land, which must obtain its water supply through the purchase of water shares from said company at a price of $20 per acre, said price in effect December 1, 1901. It must be borne in mind, how ever, that the Imperial Land Com pany receives one-fourth gross of the proceeds of all shares sold during a period of ten years under the contract referred to in another place herein, which said one-fourth of such pro ceeds accrues to the benefit of the Delta Investment Company less the expense for the sale of the property. For the purposes herein intended, enough has been said, except that the general public is invited to share in the profits of the stock in the com pany. By authority of the stockholders and of the board of directors, the president of the company is author ized to receive subscriptions to the capital stock of the comptny to the extent of $100,000 at par. Applica tions for stock may be made on the inclosed form and sent to the treas urer of the company, or to the under signed, together with check to cover the same. Subscription books are now open and will close promptly at 12 o'clock noon, on the 30th day of No vember, 1901. The allotment of shares will take place immediately upon such closing. Interim receipts will be issued for all remittances, pending the allotment, issuance and delivery of the shares. In the event of over subscription, the company reserves the right to prorate the allotment of all shares applied for under this pros pectus. A Pomona Capitalist. C. E. White is one of the latest who have gone to Imperial and de cided to acquire land there.— Pomona Progress. C. E. White was one of the found ers of Pomona— a co-worker with L. M. Holt, T. A. Garey and others. 4 BUY OF THE MAKER." J I HEADQUARTERS FOR | | Bedding TFIkJT^ A «© N I I Camp furniture I Ll^l I COVERS { ■«*-.: ** 1 Rubber Goods, Rubber Boots and Clothing! i r «§> • We always aim to please our Customers We solicit a Trial Order, knowing that you will call again |f jWm. M. MOEGEE Co j 138-142 S. Main St., Los Angeles j | MAIL ORDERS PROMPTLY ATTENDED TO | BUILDERS' AND SHELF HARDWARE WAGON & CARRIAGE HARDWARE Corbins Locks. Starrett's Goods, Nicholson and Diss- Iron, Steel, Shoes, Coal, Axles, Springs, Forges, ton Files, Disston's Saws, Shot, Loaded Shells, Hercu- Bellows, Drills, Anvils, Vices, Rims, Shafts, Single- les Powder _... trees, Poles Nails, Wire Cloth, Poultry Netting, Miner's Picks, Pipe and Fittings, Brass Goods, Zinc, Metals, Wire Barrows, Ames' Shovels and Spades, Washington Rope, Bars, Sheets and Plates, Chains, Rails, and Cooley Steel Goods ------ Spikes, Rope, Barbed Wire. TINWARE AND GRANITEWARE HINING AND OIL WELL SUPPLIES IMPERIAL PRESS i ifeerchboffsCuzner § I Mil & lumber Co* | •* WHOLESALE and II lItA C^ I™ 1 P"^ DOORS, SASH, Su t l II ll\/IKI~H BLINDS % [2 RETAIL DEALERS IN LbWIVIL^ImI 1 AND MILL WORK £| B YARDS AT @ 1 san Pedro, wholesale Main Office, Cor. Alameda & Macy Sts. & »3 LOS ANGELES, MAIN OFFICE \-'''l S |3 POMONA, PASADENA, I A I f\ I O D LAMANDA. A2USA, COVINA. LOS AflgelßS, Ocll. Q Y'Hotel Impe rial I Imperial, California Offerstothepublic s> superior accommodations ► P Patronage of tourists and land-seekers solicited