Show TO START AN ENGLISH COLONY i A ranch in california the tb site abon J G gil allmore more agent of tho the syndicate of english capitalists who have been negotiating for the purchase of the I 1 chino ranch in southern california and G wilding a prominent chartered 1 accountant of london arrived from the southern part of the state the other i 1 day with wendel easton and george easton who had bad been showing the two visitors all over the chino chin 0 ranch says the san francisco chronicle i the deal is ia about closed said sal d mr easton the rhe owners 0 the property have agreed to sell and the english has agreed to buy now all that remains to be done Is tor for the accountant I 1 to verify the figures of the chartered accountant whom we employed to make a report on the property the terms of the sale have been agreed upon and the purchase price will be about 9 the original terms agreed u upon pon P on provided that one fourth of the purchase price b be paid cash down and the balance in one two i and three years the syndicate is anxious however to pay the entire amount right away and according to present plans the entire will be turned over before the of december the chino ranch is owned by richard gird but C H philips has a bond of purchase on the property which will have to be satisfied in the settlement the san francisco savings union also has a mortgage of half a million do dollars a rb on an the property the chino ranch contains about acres and is situs abitua ted t d in chino valley in southern california some acres of the property are devoted to beet culture and supply the big chino beet factory with nearly all the sugar beets consumed there the sugar works are excluded from the improvements which go to the english syndicate in the purchase of the ranch but all 0 ther other improvements including the north N L orth chino water system the railway connecting chino with ontario on the line of the southern pacific and san antonio canyon a piece of water property fifteen miles above chino are included in the purchase price mr gilmore said that the syndicate which he represented would form a corporation for the handling of the property the idea Is to place the property under the management of an english superintendent and bring out english farmers ft s to settle in the valley with their families and work the land 1 I have estimated that the ranch would support a colony of families very comfortably fort ably the colonization scheme will be carried out by men who are big transportation shipping and colonizing people in london londom |