A Scottish Syndicate in the Redwoods: Monopoly and Fraud in - download pdf or read online

By Marvin Shepherd

In 1882, 3 lumbermen in Humboldt County, California and a Scottish fee service provider in San Francisco built a plan to procure over 50,000 acres of redwood timberland positioned in northern California, and to promote them to a Scottish syndicate. The plan concerned hundreds and hundreds of entrymen, post-dated land access types, and ethically challenged govt land workplace staff, all controlled from a back-room place of work in Gorham Barnum’s Saloon. the 3 males additionally built a moment plan to create a monopoly within the producer of redwood lumber by way of paying for the resources of 4 lumber businesses and turning into the most important producer of redwood lumber on this planet. the second one plan concerned a $4,000,000 funding from one other Scottish syndicate. executive investigators believed that the 1st plan used to be fraudulent and indicted 11 folks who have been at once concerned. The notoriety of the 1st plan grew to become connected to the second one and was once in part liable for the failure of the tried monopoly after in basic 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 inner most fingers. He additionally describes the tried bribery of 2 govt investigators and the intimidation of a few of the entrymen when they agreed to develop into executive 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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