San Francisco Call, Volume 97, Number 175, 22 May 1905 — CHINO RANCH WILL BE SOLD [ARTICLE]

CHINO RANCH WILL BE SOLD

Los ;Angeles.;S>Tidicate Now Closing Deal for the Famous Southern Property

ACREAGE VERY LARGE

Transaction Involves More Than a Million Dollars. Land to Be Subdivided

A deal is now under way in this city that ■will probably result ; to-day or tomorrow In the sale of the famous Chino ranch in San Bernardino County. ; E. J. Marshall, vice president of the Southwestern National Bank of Los Angeles, arrived here yesterday in connection with the deal, and . admitted , last night that he expected to complete it within the next forty-eight hours. He declined to enter into the details of the transaction until it is completed, on the grounds that it involves a great sum of money and any interference would mean a great loss.- ? -^?. N .'-^VV

"It Is true that a syndicate, with which Edward T. Earl of Los Angeles and I are identified, is negotiating for the. Chino ranch," said Mr. Marshall, "and I regret that the fact has become public' I came to this city to" see other parties connected with the matter, but had hoped to keep the purpose of my visit secret."

The Chino ranch is considered one of the mest valuable properties in the southern part of the State, and has been the object of negotiations several times in the last few years. The ranch consists of 30.fr X) acres and includes a large amount of personal property. Among the assets are a railroad and valuable rolling stock, i such as locomotives, \ passenger and freight cars, traction engines, developed and producing oil wells, and their complete outfit, business blocks, farmhouses and farming implements. For a long time the title to the ranch was clouded, but these difficulties have been cleared, and with the advent of a new owner it is understood that the property will be opened for settlement. The purchase price is said to exceed $1,000,000 by several hundred thousand. "