The San Francisco Call. Newspaper, December 5, 1900, Page 8

OVERS ONE MILE AND A QUARTER IN 2:05} New Record Holder Ran Under Wraps Greater Part of the Route—Five Favorites Go Down. GAUNTLET C THE . CALL'S RACING FORM CHART. OAKLAND RACETRACK, TUESDAY, DECEMBER 1432. FIRST RAC! RSN avorites were retired from busi- the racing matinee at Oak- he talent smiled—but v The bookies fin- g, and many of them skeletonized bank roll t punishment a portly one ysation of the afternoon was —Weather fine. Track fast. | iPo.| can. T Index [Horse and Weight. 4 3 furnis by Gauntiet, a sometimes good | x| oree and Weight }P"Ig % X B PL t sample of horseflesh, | 1427 |Herculean . 32 21 21 85 nd a quarter miles, with | Diomed Il |s Th 41 4B 3 2:0 P v s | ecoy ! n 2:06%, a new coast rec- | et staas 104t o F t was fourth on the card, [Gllssanda - 17 o dhoar 4 $ entered at various selling prices. Foul Play . | /3 2% 8h 5% 6 -5 was quoted at 6 and 7 to 1, Ir\d; v}(‘?l"“k‘J)K I} 1'! “1 21 ;2 8 ; 5 ; ; 3 e nearly both stir- Kitty Kelly. [ 3 Th 7h Frawley 87 xiM g 4 3 early broke Sores: ol |Ned Dennis 911112 114 9 9 9 [Fauntleroy. 15 100 100 40 raining the chestnut BSres, |Florinel 11 19 612 0% 10 10 10 |Dominick LAk g flagfall. At the wire he fin- Bogus Bill 108 410 22 u 11 1 [Stuart .. 2 50 50 20 of Opponent, with | 188 |Herry Thatcher.1o9! 9|8 1 12 12 12 |Weddersttd | 20 50 % 2 The Bobby, backed | Time—To 4, :21%; to %, :45%; last %, 1:00%; short %, 1:10%. Good start. Won first three could not stand the driving. Winner, G. Summers & Co.’s b. g. by imp. contributed to winner's success. Diomed for a change was on fairly good behavior. De- coy made a good run. Nine pounds too much welght on Matt Hogan. Mounce on Glissando made a bad mess of it. Kitty Kelly no speed. Florinel ran better than chart shows. 'P RACE—!!{ furlongs; maiden two-year-olds; purse, $350. Watercress-Hannah. A good start ourth. ant Herculean had Eddie Jones k in the opening sprint and | ;sed of & big field at odds of Diomed, & brother to Olinthus LH P T S - - + | |~ Betting od dr .‘.'P‘fir into the1pr$:%‘fi:r’:g Index Horse and Weight. [Pst|St. 3. &. 8tr. Hn,! Op. HL CL PL y drew out of the game. 1 | Jim Hale 1060 7|1 12 13 18 12 |Dominick 9 10 s 85 es in the - glms'fli!“;m‘ 4% [Raveling 13 8/4 21 38 26 28 |Wedderst'd 1 83 45 23 owned by . Stanileld, | 1 |Betelada ml 1(8 4n 42 85 315 (E Flynn §i 0 f o e Talh about him | o [Bas Auee e 3¢ 31 2 fRRgERel R BB ) to 1 was la . 1 4n &n voods. s 2 [ e in on the bit, the easjest .klrnd | J!A’ 5 i E EI‘A 76 610 61 O'Connor . 2 6 6 2 Y over Ravelinig, the 4 to & fa- | A0 817 74 88 78 710 [Mounce ..l 10 % % 7 g er was weil played by | andy..... 105! 218 8 8 8 8 |ICobun ..] » @ & 15 those w »sted on workouts an Slbiii N L Good stan Won eastly. Second and thicd driving, a B | . W. L. Stanfleld’s b. g by imp. Piecolo-Rillitte. Jim Hale was a good thing, we Quite igln:xmma‘;»;“j:! ifi‘;: backed. Raveling did his best. Others poor Jot. Scratched—Aphrodis 110. K the favorite Al{;»v_ 1434. THIRD RACE—One mile; selling; three-year-olds and up; purse, $350. : n the order | el T T —— v s <o IPo.1 [ ~——— Betting excell \.}1:;\“’ ~ !fl;‘;! Index [Horse, Age, Weight.| % % BStr. Fin | Jockeys. | Op. HL CIL PL . 1. Had Mounce not | (108 |Sir Kingeton, 3..101] g T |3 Martin...l § 10 4 f to ad ot | aas s . 3,101 $2 1n 1n |J Martin...] 8 10 9 4 : berties with Alee| 1% Campus, 4 .......110 2n 3h 2n [Dominick § 405" 9oy 1 robably have scc | (1408) Alee, 3 ... 107 12 2n 3% |Mounce 5-2 3 52 1 old Bedeck "" t] 11 Bell Punch, §5....118 4h 4% 43 [N. Turner. 4 5 185 75 ’ ters in the fifth | Wyoming, a .....107) $3 61 SR ls wosan. | 8 e g horse Into | (1420) [Mitten, 3 k 2h Bh 65 |Coburn .. ; peigt Tl ghE | chance, and | (1353 |Uarda, ¢ 10 93 82 Tl [Tullett 2N N 10 s st all out to win by | 147 |Essenc 2 % 7% 82 §.0% s 1258 | Cromwi 10 9h 92 |E Jones...| 20 50 50 3 held a stack of tickets %9 |Silver T 351 84 10 10 |Wedderst'd | 10 220 20 8 winz f the «,Y"j:_['frnf:];'j‘- | Time—t, 268 3, mile, 1:40. Bad start. Won first three driving, Winner, L e g | Carruthers & Shields’ ch. g. by Kingston-Josephine. Winner smartly ridden and scen at e de The €elding| his best. Campus is of the improving sort. Had Mounce on Alee opened more of a gap he Boundlee, | might have won. Bell Punch shut off at finish. Wyoming po on back stretch. Mit- ten outfooted. Track too hard for E: First Berna: 104. fecis iz Thre parse, $400. piace | %! g % Str. Fin, Jockeys. | Op £ Gauntlet, 4. 2 81 in 1n B Opponent, 5. AR G o 21 29y 4 Koenig, 6 84 4n 3h |J d o8 - ) ‘The Bobby, 2 19% .21 31 42 [Dominick ...| 3 « € | Tim, 4 : 3 14 T4 54 |Stuart “ | Owensboro, & {7 aw £1 6% [Coburn 6 . = 4| Topmast 5 Sh €1 716 |Martin 4 | s | Locochee. 4 10 o §1 (O'Connor 3 | 137 |Colonel Root, w4y 9 |J. Walsh....| 20 & . 3 | 13% [Dr. Marks, % Redfern 6 . v 115 . Good start. Won easily. Second by imp. Cavalier-Herschel. Gauntlet en- » | completing the fastest vovage on record. Op- o < ponent docked a trifle later, pretty good himself. Drydock repairs seemed to hav done : - both good. The Bobby lost his star. Owenshoro is carrying an umbrella, awaiting rain, AN oo | Locochee was tomahawked “ ": 1436. FIFTH RAC ix furlongs; all ages; purse, $400. Jockeys. 104 4 11 Coburn ... < ngs; t sl 2 24 Wedderst'd | sl2 & 34 |J Martin..| o Bonde, &% s 2l ¢ 45 |3 Dawy - 5 ot : Tenny Belle, 3.... 3(5 1n 5 Dominick .| rofirprey 164 Scallywag, § 6/6 3n 4n ¢ |1 Walsh....| & 12 e 14, 48%: & 1:13. Good start. Won first three driving. Winner, G. B. Morris’ ch. e Star Ruby-Bedott. Bedeck sputtered and ran out of breath as he struck an tw e 3 Or found smome trouble In outfcoting Tenny Belle. Scratched—St. Rica 8, « Homage $1 03 | e & 1% | 1937 BIXTH RACE-Seven furlongs; selllng: three-year-olds and up; pursh, $400 Modde 108 1 BRI R e = ——— Betting——— ; 06 X 105 | index |Horse, Age. Wetghe.(Patise. ¥. % Fin. | Jocke: {"op. mi L PL s S 1o0s Onie 1 oo , e A sicdenn S S y Diggs M2 Ser'nwell Lake.105 | 1419 |Montallade, a.... %8 1/2 41 3% 1n [Mounce (416) |Edgardo, 3. wi 75 21 3n 2 ns |0'Connor Six T - O n 1240 'Lena, 6 02 44 3n 41 35 Ransch .. o a Ordnung. 4 104/ 9.8 5% 3% 42 1. Mililer. o Montanus, 106 2|1 €1 62 8 52 | = 4 Boundlee, 9 sl9 "24i F1 % €10 i 2 Toreida, § 100010/9 Th 81 & 17 | Rinaldo, § W 516 %% Th 8 8 | RS 1757 |Sybaris. o105l 317 83 0 9 T Woods...| 4 ADVERTISEMENTS. 10N Ios Hice. & i) S — 1. 10 I|Frawley ....| 15 5 5 1 i - ~=—— | Time—%, :13: 3%, :37; %, 1:01: %. 1:26. Good stert Won first three driving. Winner, D. | 8. Fountain's b. g by Montana-Fusillade’s Last. Montallade ran in improved health ABOUT HEART DISEASE. | O'Connor on Edgardo lost one stirrup, interfering with “kicker.” TLena, in wooden shoes, ragtimed well at the distance. Ordnung no wonder Reratched—Guess Me 95 Jorsida late at school again. Sybaris pulled up lame. McNamara Ninety Per Cent of It Really Caused |- i Milton Latham, the man who was | { From Poor Digestion. Track Notes. !"rd“{'l to th it f ! | 4 ¢ | €lected to the position of secretry, is a haait Bbdinie mm“h]p'; At a meeting held bv the directors of young man of good business abili has | the 8an Francisco Jockey Club vesterday. Milton Latham was appointed secretary. vice D. Lynch Pringle, elected secretary of the Pacific Coast Jockey Club and | Western Turf Association. Ed Power, | former clerk of scales, whs appointed to | the position of racing secretary. In fu- ture Ralph Tozer will act as clerk of the scales and handicapper. The hoard of | t gk e | a host of friends and no doubt ap- | 3 . pointment will prove a very popular one. Probable Winners. First Race—Letiger, Greéy Bob, Canejo. Second Race — Haviland, Dr. Goldone. Third Race—Tiburon, Sea Lion, Dunblane, f the heart and stomach are by the same great nerves, | 1 pneumogastric, and | to properly digest the stomach fer- rmed which distend | ure on the heart | alpitation irregular- | stewards will hf mr{gp—lsod rrm,( J H P;l] | Pourth Race—Golden Age, Rollick, Grafter, breath. | tingill, Ed Cole, George Parsons, Ed| e S Aoniiion | e m this condition is that | Power, Lansing Mizner and Milton | o g e o st B : listurbance of the heart | Latham. Lansing ‘Mizner will be chair- | Gold Badge. . ay cause real organic |man and Mr. Latham secretary of that| Sixth Race—Specific, Flush of Gold, Aslan. he ble, and in fact frequently | gestion makes the | deficient in red | further irritates and | thing to do for heart ‘ the digestion and as- | AMATEURS WILL BOX FOR MEDALS s AT BAY CITY ATHLETIC CLUB .\‘\T' sn{r’-‘.'wm:a:am and ; ; Diete: which mas | “Indian Jre” Gregg, the “Whirlwind,” to Meet “Spike” Ha-na, the Pacific Coast “Cyclone.” Ta which may irug stores and which ssary digestive elements n ent form. keep well and \-:g-| eir digestion perfect | of taking one or | h meal, or at T the Bay City Amateur Athletic| a liking for the work, “Spike” Hanna Iy LY { Club rooms this evening eiglht | g:ghf‘c‘i‘;(‘“‘: rfr“y-l‘nne.' ‘“inm'wmhnw;nd 1 £ - | Tour- be the fis- | T et _something in the na- Tablets contatn U, 8. | foup-round bouts will be the ture of churning of elements is sure to be trom malt and other tic programme for the regular | geen ¢ which act only on the| monthly entertainment of this| The other goes will be between Jne perfectly and preventing | newly organized club. The amateurs with | Weich and Bobby Burrows, whose fighte slugging propensities who will participate ¥ diseased condl: | | ing weights are labeled at 110 pounds: a weak stomach. | 3 VEREE FIOREIC oG & warm night 1s | Henry Poole and “Kid" Finnerty, who at sia Tablets are| | 118 pounds will pummei each other for a 1 are not taking | expected. medal; F. Neil and George Gibb, matched medicine or| The main event is between the Indian, | at 12 pounds; Bert Wihilams ang Seea natural di- | Joe Gregg. and “Spike” Hanna. At the | Floss, to flghi_at welter-weight: Billy iast exhibition the Indian proved himseif no cigar store ornament. He fought like a whirlwind and when the extra round was finished he still showed gameness and ety Sk Kelly’ and C. Ryan, 10 meet as middle- welght boxers; Ryan, at 125 and Sam Hug] Johnny Swift and Jimmy Enunds. and Harry Bowers es, at 4. pounds. d popular have these | e now sold in and Great WORK FOR LOS ANGELES COUNTY GRAND JURY DANIEL J. FLANIGAN NOW EUREKA’S MAYOR Ends the Deadlock in the City Council. EUREKA, Dec. 4—The interregnum in city affairs due to the resignation of May- or David Evans was brought to a close last evening by the City Council elecfln” Dantel J. Elanigan to fill the vacaney un- 11l next June, when the city election takes | place. Affairs of the municipality have n"el do no‘t"kréo;r of any m'llco,r;lducl lnto(‘- been at a standstill since the Councll ac- | fi¢¢ committed by any one in this county,” - z | said the Judge. “If I did it would b v cepted the resignation ot Mayor Evans, | quiy to notify you of the sume 5 ae calt who retired on account of continued fll- | your attention, however, to Very serlous health. The Council held several meet- | charges recently made against our Police ings, but could not agree upon his suc- | Department through a committee of our cessor. There were two candidates for the | 6! oy sljisehe, L ik It proper for you, position—Josiah Bell and L. F. Puter. e L. o XA Tae WEih e and investigate these charges. . Each recelved two votes. the fifth Coun-| The Judge had reference to the ry t cilman not expressing a choice. ecen report of the committee of fifteen citizens The election last evening came as a sur- which Investigated the various depart- prise, as it was not generally known Fian. | Ments of the city government and broufim igan was an aspirant for the position. His ce gerious accusations against he Fo name and that of L. F. Puter were the | CHefermime to the sriat o8 ¥ only ones Km in nomination. Councilmen Re{!err!l'l:g to !:e '";Wl ;Vlnller H. Wat- Gross, Buhne und Poland supported Mr. | fhe Judge furtner cuiqr” o Dreckenridge, Flanigan and Councilmen Dauphiny and ous Charges Made Against Officials. 1.OS ANGELES, Dec. 4.—When the county Grand Jury was impaneled this morning in the Superior Court, Judge Smith brought to its attention matters that are likely to result in sensational de- velopments. PONSETT { DELRQY #.2Sheach' 2 for 25¢ CLUETT PEABODY &CO YMAKERS the Judge further said: “The attorney for the defense for this Ziegler were Puter's baciers. case safd in his ai ent before the jury, g s been a resident of | {5 open court, that he KRew Who hod sam: the World, this city for thirty-two years. Mr. Flani-| mitted this murder and that the an came to Humboldt from Mendocino “ounty and was interested in the Occi. dental Mill Comr..ny for a number o rs. In 1876, in conjunction with Mr. rosnan, he established a plant of hi White S&al (Grande Cuvee), of ex- ceptional bouquet and dry dryness. —Cone? [urm, gany was living not ten blocks from ‘ounty Courthouse in this city. accused the District Attorng knowing to whom he re 1 thi you should send for this attorney and I':lk- WILLIAM WOLFF & CO,, own—the mill known as the & The name quire into thi 3 Facific Coast Agents, 33 Marke 8. 8.2. | Brosnan property. It was only & few “-}&‘;""?,'.‘fé"m‘%m"(.. :: o;mm ago . coun en omas ) Delng purchascd by the Bayside wnd | foreman of the Jury. The jury rettred Weekiy Call, $1 per Yeac | g Company. 15 Tooms, organized and adourned - .l 1 | “Dark Horse” Captures the Plum and | Judge Smith Calls Attention to Seri- | ¢ | ener second, Dick Furber third. Time, 1 | ertson, an English gentleman. Bernays, | ! morrow morning as usual. THE SAN FRANCISCO CALL, WEDNESDAY, DECEMBER 5, 1900, COLLEGE DEBT 10 BF LOWERED Football Games Bring Large Amounts Into Student Treasury. ——— Manager Hutchinson Will Pay Half of University Indebtedne: at the Close of His First Year's Work. R Y BERKELEY, Dec. 4—As the result of a successful football season half of the big debt which has been contracted by the students of the University of Cali- fornia during the past few years will be paid. The work of Graduate Managsr Reno Hutchinson has been very success- ful. Another season such as this will sce the student body free from indebtedness. The Associated Students owe. $450). Nearly half of this sum is the Glee Ciub debt which the collegé assumed. The other amounts were contracted from time to time by various athletic ventures. This has been a very successful football vear. The proceeds of the Thanksgiving game were larger than ever before. Man- ager Hutchinson estimates the total re- ceipts at 326,000, or $4000 more than last year. The expenses of the day were $6000, about the same as usual. Each college re- ceived $250 from the manager of the sou- venir programme. Besides getting half of the rer'nl‘p(n of the game and $250 for souvenir privileges a%lfornla got _$400 from the Thanksgiving show at the Tiv- oll. This will bring Berkeley's total re- celpts to $10.650, as azalnst last vear. he expenses of a football game are large. The bleachers cost $3200 and the rent of grounds $750. The officials were paid $350. This, with incidental expenses, such as printing, labor and so on, brings the total up to '$6000. Large sums of monev are used during the training season. The training table cost about §1000, or half the usual figure. Coach Kelly was paid $2000 and the train. ers $550. The manager's salary amounted to $600. Suits and other athletic equip- ments cost more than $1000; drugs and labor about $700. Manager Hutchinson collected $1200 in associate student dues and made the same ! amount from the sale of season tickets. By the freshman game California made $400. The gate receipts at the preliminary games, oufside of season tickets, paid the e xpenses. For these nreliminary games Rellance got $675, Oregon $250, Nevada $125. pit =l 2y Football Convention. BERKELEY, Dec. 4—The executive committee of the student body of the University of Calfornia has issued a call for a football convention to be held here | early next term. All college men and | alumni Interested in football are invited. The object is to thoroughly discuss the game, the methods of coaching and the rules which govern the Stanford-Califor- nia meet. The opinions of football ex- perts on these subjects are desired. ON EASTERN TRACKS. Results of the Races at the New Or- leans and Bennings Courses. NEW ORLEANS, Dec. 4—Weather cloudy; track hea Results: Six furlongs—Castine won, Armand second, Macle Maree third. Time, 1:24 One mile—Zack Phelps won, Glen Bow third. Time, 1:54. One mile and twenty yards, elling—Frangible on, Strangest second, Dan Cupid third. Time, Educate second, Réven furlongs—Glenlake won, Moroni second, Acushla third. Time. 1:3% Six furlong—Lady Curzon won, Avator second, Triaditza third. Time, 1:24%. Seven furlongs, gelling—Old Fox won, Seriv- WASHINGTON, Bennings: Handicap, six and a half furlongs—Carbuncle won, ey second, Huitzilopochtli third. Time, 1:24. Five furlongs—Beggar Lady won, Protege sec- ond, Dactyl third. Time, 1:05 Ohe mile and fifty yards, maidens—Charley Moore won, The Driver second, The Outcast third, Time, 1:34. Six furlongs—Sadie 8 won, The Rhymer sec- ond, Dandy B: . Time, 1:18 1-5. Ohe mile and 100 yards, seiling—Templar won, Tyrshena second, West Baden third, Time, 1:5 3-b, / Handicap, one mile and three-quarters—Magle Light won, Draughtsman second, Bosphorus third. Time, 3:2 Dec. 4.—Results at Golf Course Opened. TA BARBARA, Dec. 4.—The Ar- ngton golf course was opened to. with a tournament. The contest was for the best gross score, eighteen holes, for a trophy cup. It was won by L. W. Red- ington, score 110. The course is situated on beautiful rolling ground, overlookin the city and channel. "It was planned ang equipped by the Arlington Hotel manage- ment for the use of guests.” It Is a sister to the Country Club links, designed and lald out by the same man, Professor Rob- A cottage near by has been rented and refitted as a clubhouse. WHITES MURDEROUSLY ASSAULT TWO CHINESE One Asfatic Killed and Another Se- riously Injured in Their Cabin. PORTLAND, Dec. 4—Four white men assaulted two Chinese last night near Riley, Washington County, killing one known as “Charley” and severely wound- ing “Louey,” his friend. “Louey.” al- though badly beaten, will probably re- cover, He says that they were awakened last evening shortly after 10 o’clock by a knocking upon the door of their cabin. Upon opening it several men rushed in, striking him upon the head and shooting his companion. Ha believes there were four men, but is not ceriain about the number, as it was dark and he was con- siderably dazed by the blows rained upon him. The murderers no -<doubt believed both Chinese to be dead when they left. “Louey’ believes one of the party was |a man for whom he had worked some e ago. ‘‘Luey” had trouble with him é'\'-'ér thge price paid him while at work and believes that revenge was the motive ol the attack. e BURIAL OF COGSWELL. | Affairs of the Bank of Lodi Found to Be in Good Condition. 1.ODI, Dec. 4—~The funeral of Francis Cogswell, the banker suicide, was held this afternoon from the family residence, anad was the largest ever seen in North- ern San Joaquin (‘ounfi'. Bank Commissioners Murphy and Mark- ley, of Ban Francisco, examined the bank’'s books this morning and found thing in good order. “We have found the Bank of Lodi sol-- vent and In no wise affected by the suicide of Francis Cogswell,” they say in their report. he board of directors met to-day and elected Cashier C. M. Ferdun as manager and cashier. W. H. Thompson will go in as assistant. The bank will open to- No run is expected. P O 3 Native Daughters as Minstrels, SAN JOSE, Dec. 4—The Native Daugh- ters of San Jose are to black their faces and do vaudeville “stunts” and minstrel turns_at_the Victory Theater on Decem- ber 17. Vendome and Palo Alto parlors, Native Daughters of the Golden West, e charge of the show and its success is assured. Rehearsals are now going on, but just what the programme and the names of the fair minstrels will be the managers at this time refuse to divulge. Most of the soclety girls of San Jose are in it and this alone will assure a tre- mendous house. N e oI, Useful and Novel The new playing cards {ssued by the An- heuser-Busch Brewing Ass'm, St. Louts, Mo., are as practical as the old-style card, with the added novelty of heroes' faces on court cards. 2 cents & Addrees Malt-Nutrine Dept. ——————————— To Advertise San Jose. SAN JOSE, Dec. 4—A bureau to dis- u:immumgmngm concerning San Jose ara pened gx Angeles on m&’&?«":’fi %n?- will b‘g ProvemEat U, and Tts ohject: a0 S tract Eastern tourists to section. : ADVERTISEMENTS. PROFITS THAT GO TO TRUST PROMOTERS OFFERED TO THE PUBLIC. —_————————————————— SHARES WILL BE ALLOTTED IN PRIORITY OF APPLICATION KEARNEY VINEYARD SYNDICATE SHARES FULLY PAID -ASSESSABLEB i e il = : ;i.vm"/.vdwmmm.".."“!—1 : 3 J R (LN O L DAL TR TR Vil = . , B (L TR RO == 7 F0 Z 7 jiti g o P S Lodge and Entrance to Park, Fruit Vale Estate, Fresno County, California. Incorporated Under the Laws of the State of California, October 27th, 1900 CAPITAL—TWO MILLION DOLLARS SHARES—200,000, $10.00 EACH ISSUE OF 380,000 SHARES OF 810.00 EACH AT PAR To provide working capital only for the first year's development of the property and to pay off the mortzage, the vendor having accepted $700,000 in shares in payment for the real estate. THE NEVADA NATIONAL BANK of San Francisco THE FIRST NATIONAL BANK of Fresno THE FARMERS’ NATIONAL BANK of Fresno ‘Will receive subscriptions from the public for 30,000 shares of $10.00 each at par, and will issue receipts for the same, payable: 10 per cent on application. 20 per cent in three months thereafter. 10 per cent in one month thereafter. 20 per cent in four months thereafter. 20 per cent in two months thereafter. 20 per cent in five months thereafter. Installments may be paid in advance, under discount at the rate of 5 per cent per annum for the unexpired time. DIRECTORS. M. THEO. KEARNEY, Fresno, President. HECTOR BURNESS, ESQ., Fresno. JUDGE M. K. HARRIS, Fresno, Vice President. G. R. TAYLOR, ESQ., Fresno. LOUIS F. MONTEAGLE, ESQ., San Francisco. Secretary (Pro Tem.), C. L. DINGLEY, Fresno. OFFICES. Fiske Building, Mariposa street, Fresno. Office of Wm. Hanson, 311 Claus Spreckels (Call) Building, San Francisco. PROSPECTUS HIS syndicate is formed to take over the unsold portion of the Frult Vale Estate, the property of M. Theo. Kear- ney, situated in Fresno County, California, and embracing 5187 acres, for the purpose of planting and develop- ing the unplanted portion and selling the whole to another company, say two years hence, which will issue bonds and shares to provide for its purchase. 2 This property was carefully selected and purchased by Mr. Kearney in 1883, and is pronounced by all who have seen it to be one of the most attractive and valuable country estates in California. The soil is of the class now known to be of the greatest value for the production of choice raisins and of port, sherry and burgundy wines, of which there remains in the Fresno district but a very limited quantity not already planted. It is conceded that no other county in the State can succedsfully compete with Fresno in these produects. Reference is made to an accompanying circular for reports upon the property. See pages 31 to 37. Of the 5187 acres, 3000 have béen used as grain land, 1000 acres are in alfalfa, 900 acres in full bearing ralsin vineyard and 100 acres in bearing orchard. A palm avenue, the finest in the State, eleven miles long, with three roadways, beginning at the town of Fres- no, runs through the property. A park In the center of the estate contains 240 acres and is handsomely improved. It is, however, reserved from sale, as it {8 less profitable than the other lands, but it is to be leased by the syndicate so as to utilize the buildings. g The whole property is under a thorough system of irrigation, with long established water rights belonging to it; roads are constructed to every part, every twenty-acre sub-division having a frontage on a road—an important ad- vantage in the event that it is ever desired to sell the property in sub-divisions. Ample buildings for its needs are already erected, and in all other respects the property is in first-class order, over $400,000 having been expended in its improvement. With an additional expenditure of $400,000 it can in the next three years be brought to earn a net in- come of from $50 to $150 per acre, or $250,000 to $750,000 annually, depending upon the seasons and market conditions. This estimate is conservative. (See circular, pages 37 to 40.) . On account of the depression in the raisin industry following the panic of 1893, largely due to improper meth- ods in marketing the crop in practice at that time, the raisin acreage of the State has been greatly reduced, and as a result the yearly demand for raisins Is now fully equal to the yearly supply. Further, the demand is rapidly in- creasing owing to the introduction of machinery which is now successfully used to take the seeds from ralsins ba- fore they are offered for sale. “Seeded™ raisins are becoming a very popular article of food with cooks and house- keepers throughout the country. The California Raisin Growers' Assocfation, which is in the third year of its successful career, fixes the price of raisins for the whole crop of the State and assures prosperity to raisin growers. The California Wine Association offers to make a contract for ten yvears at a very remunerative figure for the purchase of all wel‘;xe grapes we ‘may ‘;rw’zgdure. Figes It is proposed to at once plant acres (of which 2000 acres are already being planted) in rai vineyard and in new California Smyrna fig orchard. This can be done at an outlay, cnv;’rlng three yem.n o:“goow’o&: One hundred thousand dollars more is required to pay off a mortgage and $100,000 for equipment. b " The 5187 acres and the personal property, including about 275,000 raisin curing trays and boxes of the value of $30,000, 100 head of work animals, with harness, farming implements, vehicles, 00 tons of hay, 200 tons of barley and ahout one million rooted vines for the coming season’s planting, etc., etc., have been taken over by the syndicate at the gross sum of $865,000, or the net sum, deducting the mortgage of $100,000, of $765,000. This is a very low valuation, as sales of wholly unimproved land in this tract of the same quality have been made at an average of $200 per acre. (See In circular the certificate of the searcher of records, page 34.) The crop of raisins, grapes and fruits gathered In 1900 and the outstanding accounts are not included in the purchase. All expenditures since October 1, 1990, not on erop account have been assumed by the syndicate; the amount, however, doés not exceed $5000. No other labilitles are as- sumed except the mortgage for $100,000. Of the purchase price Mr. Kearney has accepted $700,000 in fully paid shares, thus showing in the strongest man- ner his faith in the investment. As it Is desired that the syndicate shall conduct its business on deht, it is capitalized at $2.000,000. & cash basis and hold its property free from Purchase of property.. . 765,000 00 Mortgage to be paid off g . 100,000 00 Planting and cultivation for neyards and Smyrna \ fig orchard...... bevaididesns terreriesseeiiarininsenee, 300,000 00 (This work can be contracted for at less than this sum.) ¢ Equipment ..... 100,000 00 TOtal OULIRY .o < eous v obionatone crerceennniiean o .. 81,265,000 00 This leaves $735,000 of treasury stock to be sold if further expenditures are found desirable. by the syndicate prohibits the incurment of any debts beyond the value of the treasury lt:ck on anteeing in a very practical way that the stock issued will not be assessed. & It is well known in the raisin district that good vineyards earn $100 per acre annually under present conditions. As bonds bearing 5 per cent Interest which are secured on property earning two or three times the interest payable on the bonds are eagerly sought for, it can safely be expected that when the time arrives to issue bonds on this prop- erty it can readily be done on a basis of $500 per acre because the fixed charge for interest will be only $25 per acre. These bonds will be especlally desirable because they will have valuable real estate as a basis of security. - At this rate of $500 per acre the bond issue will be 32,500,000, thus returning to the syndicate the whole of thelr capital and 100 per cent profit. In addition to that $5,000,000 of shares will be fssued to the syndicate, and all the earn- ings of the property above $25 per acre, which, after setting aside a percentage to the sinking fund for the redemp- tion of the bor;d!. should equal 6 per cent on $5,000,000, will'be paid in dividends to the shareholders. e e A T I e b T e Value, say three years hence when ready to be turn PANY ....... In 5 per cent bonds A by-law adopted hand, thus guar- In 6 per cent shar %m% % Profit in three year: 6,235,000 00 $7,500,000 00—8$7.500,000 00 A large additional item is the earnings of the 1000 acres of vmey-r'\l and orchard already in full bearing which will be recefved while the new vineyards are reaching maturity. accou: retrllwhan the pmro‘:lu re:llt;ed umg‘un: tevl Plnluf or the ‘v’vhole co:t’ ot¥l‘:e prope’;:yf! SRRV RS SRSV T - n any poss! event the syndicate own 5000 acres of the most valuable vin: 'd in the State, full uf m, u:r;n b:hn:lnl am‘:ml:?ly u!;e:n f:gm del:‘tl. -: a ff" gf Iodnly $1,265,000, or $253 per .:rye."n' : De: cent on tha{ ::-t en m earn and p: e syndicate shareholders as i 2. acre, and all that the property will earn above that small sum will be profit. = 'hat Would amount to only $12.65 per No such results as outlined above can be secured by the because only financially strong companies, employing the {ofl scale can hope to succeed in placing their bonds and shares. b"l'hl- und-t‘t:hkth;x |‘nm co‘:In‘r’n:r‘:d l(m“nt.? shrewd n:: 2 secured mi just as wel ept on s coast as th Eas pan Subscription blanks and coples of prospectus will be furnished on appiioasion to The barhers and furnished of the syndicate. ¥ on application to the bankers and at the offices fll checks to be made payable to the order of the bank to whom the application is sent. issues of the stock will undoubtedly command a premi; great reasi property from year to year resulting from its development. Ty e maducy i o Applications accompanied by payment of first 10 pér cent will be repo by t receiving the same to the Fresno office, and allotments of shares will be made P-;)y in r;:::‘&-:'t“y":ffd:;':{i‘.'ml’nn.“ . : M. THEO. KEARNEY, President purchase and planting of small tracts by Individuals, business and farming ability and operating on a large 5 enterprising business men and Investors, and the profits’ the FRESNO, December 4th, 1900,