Download e-book for kindle: A Scottish Syndicate in the Redwoods: Monopoly and Fraud in by Marvin Shepherd

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 1000's of entrymen, post-dated land access varieties, and ethically challenged executive land place of work 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 through paying for the resources of 4 lumber businesses and changing into the most important 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 individuals who have been at once concerned. The notoriety of the 1st plan grew to become connected to the second one and used to be 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 restricted 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 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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