A Scottish Syndicate in the Redwoods: Monopoly and Fraud in by Marvin Shepherd PDF

By Marvin Shepherd

ISBN-10: 0984520724

ISBN-13: 9780984520725

In 1882, 3 lumbermen in Humboldt County, California and a Scottish fee service provider in San Francisco built a plan to obtain over 50,000 acres of redwood timberland situated in northern California, and to promote them to a Scottish syndicate. The plan concerned thousands of entrymen, post-dated land access varieties, and ethically challenged executive land workplace staff, all controlled from a back-room workplace in Gorham Barnum’s Saloon. the 3 males additionally built a moment plan to create a monopoly within the producer of redwood lumber through paying for the resources of 4 lumber businesses and turning into the biggest producer of redwood lumber on the earth. the second one plan concerned a $4,000,000 funding from one other Scottish syndicate. executive investigators believed that the 1st plan was once fraudulent and indicted 11 folks who have been without delay concerned. The notoriety of the 1st plan grew to become hooked up to the second one and was once partly chargeable for the failure of the tried monopoly after in simple terms 19 months of operation.
The writer vividly info the method for buying the redwood timberlands and the attitudes of the entrymen in addition to the lumbermen that prevailed in that pioneering period. He addresses the land legislation, insufficient investment of the govt land place of work and the constrained oversight that was once supplied whereas passing govt lands into deepest fingers. He additionally describes the tried bribery of 2 govt investigators and the intimidation of a few of the entrymen once they agreed to develop into govt witnesses.

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A Scottish Syndicate in the Redwoods: Monopoly and Fraud in the California Redwoods, 1882-1892 by Marvin Shepherd

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