anaheim-gazette 1921-07-14

LEARNING CONSERVATION Greatest of all our natural resources and most zealously to be safeguarded and preserved is the water supply of southern California. When all other resources have been exploited, even perhaps foolishly squandered, there will still remain a glorious future for the growers' paradise of the Pacific, providing its water resources are harbored and intelligently utilized. For with water, the desert ls made to blossom as the rose, without its lifelong presence, all the elaborate plantings of man would wither, leaving the land the forbidden region it was before the advent of t he hardy pioneers. The matchless development of the past quarter century, which has made southern California at once the envy and admiration of the rest of the world has been indissolubly tied up with development and utilization of water for irrigation purposes. Two hundred thousand acres of ever beautiful orange and lemon orchards, 50,000 acres of stately walnut groves, an equal acreage of deciduous fruits, and countless acres of field and truck crops, the backbone of the prosperity of southern California, depend absolutely upon the availability of irrigation water. And who can prophesy the future? The beginning has but been made. But we should remember, and must remember, one fact—the future development, as has that of the past, will be continued by the conservation and the efficient use of irrigation water. Little worth while ls to be had without effort—that is certain—and it was foreordained of nature that southern California should be great. The water supply of this great empire is not illimitable. If maximum development is to occur here, it will necessitate the fullest possible utilization of this, our onstrated that th only time to thoroughly wet a dry subsoil is during the winter months, it being practically impossible to do so during the growing season, when even if possible, it would be attended with serious drawbacks and even dangers to the health of the trees. Winter irrigation has been found to materially improve both the size and quality of most of the fruits grown here. In short, the application of water during the winter months has been found to be a matter of great importance and fully as complicated as vitally important summer irrigation. Improvement in pumps and the engines that operate them has been constant for years, until today machinery of this character may b had of every size and for every use. The finding of suitable pumping equipment where it necessary to lift under-ground water is easy, thanks to th study given the subject by the best engineering minds in the land. It is the same with valves, gates and other appliances used in irrigation. One of th developments on the part of irrigation equipment manufacturers during the year or two has been the demonstration of the enormous variability in concrete irrigation pipe, much of which, it has been shown, ls leaky and comparatively short lived. A great step forward was taken in the voluntary adoption by the Concrete Pipe Manufacturers' association to tests to insure pipe of durability and dependence. Reduction in the price of iron and steel has tended to increase the interest of irrigators in this highly serviceable kind of pipe, while clay products manufacturers report a growing demand for vitrified clay pipe. A notable development in irrigation practice, largely attributable to the efficient work of th state college of agriculture, through its field agents, is the unusually favorable need additional injury has occurred trees during their to the failure of ognize this fact. deep in their roots sary to have times to a depth certain varieties. Methods of at othose used w row irrigation; flooding in basis of less important tillizers of little that much less length of furrow. Of special im assuring the tr supply to different fruit buds for th occurring from it is also highl of deficient rain same by winter ing the chorous soil, in the abs effects are to be There is a th importance walnut, it hav sively shown th molture, espe growing seasons are of the gre st suring size and in th develop buds for th ne over, ample ir r shown to do m of phi and to t fer and heavier as preventing so prevalent th years. A s tree, it is nece on walnut orch case with citrus to allow dew we should remember, one fact—the future development, as has that of the past, will be continued by the conservation and the efficient use of irrigation water. Little worth while is to be had without effort—that is certain—and it was foreordained of nature that southern California should be great. The water supply of this great empire is not illimitable. If maximum development is to occur here, it will necessitate the fullest possible utilization of this, our greatest resource. This is the day of conservation. It might almost be called the day of our economical awakening along agricultural lines. The past year has seen the clearest demonstration of the growing realization of the necessity of water conservation in the launching of a number of stupendous projects for the harboring of the precious irrigation supplies of the southwest. The Marshall plan for the irrigation of the great interior valleys, called visionary by many, at least reveals the hold that conservation ideals have upon the public realization of the Colorado river, with the placing under irrigation of countless thousands of acres of virgin soil, betoken a public realization of the waste of water and power resources allowed through neglect of this great stream. The San Gabriel reservoir project, designed to effectively solve the flood problem of the greater part of Los Angeles county, while at the same time saving valuable water for irrigation purposes, has attracted the widest interest. The past three or four years of deficient rainfall have very definitely indicated that the wasteful rule of thumb methods of applying water in use by many farmers and fruit growers must be abandoned in favor of intelligent use of water applied in the most approved way and at the right time. Over hundreds of acres drought injury has occurred, due in many instances not to insufficient amounts applied, but to lack of intelligent timing, and therefore entirely preventable. Lowering water tables over large areas and the cutting down of stream flow have also emphasized the necessity for efficient methods of application as well as greater development of supplies. Add to these, increased costs of water due to higher power rates, higher wage scales, greater lifts and other causes, and there exist many and sufficient reasons for farmers and fruit growers to be much more alive to irrigation problems than ever before. Reduction in the price of iron and steel has tended to increase the interest of irrigators in this highly serviceable kind of pipe, while clay products manufacturers report a growing demand for vitrified clay pipe. A notable development in irrigation practice, largely attributable to the efficient work of the state college of agriculture, through its field agents, is the growing recognition of the insufficiency of irrigation by the calendar, regardless of weather conditions. "Irrigate when the soil needs it" is the slogan o fthe farm advisers, and the method recommended for determining when irrigation should be given is the examination of the soil by means of the soil auger. Hundreds of such augers have been purchased by the farmers and fruit growers of southern California during the past three years and their use has done much to prevent wasteful use of irrigation water as well as inform growers as to when to irrigate. A number of the larger orchard properties are carrying the matter still farther by determining the optimum moisture precentages for their various coils and irrigating only when the willing co-efficient is being approached. A large ranch operator recently stated at a field meeting held by the agricultural extension service, that in two years he estimated he had saved some $100,000 in water and improvement in the trees on his 400-acre tract by the adoption of this method of irrigation. Irrigation periods were lengthened from thirty days to six to eight weeks with the result that large blocks of sick and unprofitable trees began to come back. A brief recapitulation of the principal problems in irrigation practice as related to the various orchard fruits, together with the most recent findings of investigators, and the best methods in use may be worth while in bringing before the reader in succinct form the specialized irrigation situation as it exists with orchardists at the present time. Citrus trees are known to be comparatively shallow rooted. Hence it is felt that wetting the soil down to a depth of four to five feet will amply take care of the needs of the trees. On medium to heavier soils the furrow method of application is in most general use. On the lighter soils flooding in basins is frequently necessary in or in the develop- buds for the new over, ample irr- shown to do m o f phi s and to lo er and heavier as preventing so prevalent th e years. As th e tree, it is nec- on walnut orch- case with citr uo allow deep- should penetra- feet in order no needs of the w better. Methods of furrow system latter being per- plan. In conclusion, the wasteful must be aban- it it i s economic time it, but (additional reas soil at lower h raising of th e evitable accom- cumulation. T ence fertile soi n are today y careless s and w water on th e solution to ing these land- he expenditure money and mu be effected. A NEW Much interest in the California white sweet c oreenhouses o periment stat- later proven t perhaps to ad- this new form sport. It has coast at varie l have lived th ere made new top nial, perhaps Hodgson, o f He has placed localities and o usly at each college says: "The new H passed all p many tests near past year." gent timing, and therefore entirely preventable. Lowering water tables over large areas and the cutting down of stream flow have also emphasized the necessity for efficient methods of application as well as greater development of supplies. Add to these, increased costs of water due to higher power rates, higher wage scales, greater lifts and other causes, and there exist many and sufficient reasons for farmers and fruit growers to be much more alive to irrigation problems than ever before. And that they are alert to the situation is clearly evident from the rapid developments in irrigation knowledge and practice made during the past year or two by growers, manufacturers of irrigation equipment, and by investigators, official and private. Perhaps the principal addition to irrigation science made by investigators during the past two or three years is the demonstration of the beneficial results from winter irrigation in the prevention of certain sorts of winter fruit injury, in the production of heavier yields, and in the production of a better quality product. It has been demonstrated that a deficient soil moisture supply the latter half of the growing season, when the fruit buds for the next season's crops are being formed, is the cause of weak fruit bud formation, with a consequent failure to ripen and mature maximum crops the following season. It has also been shown, however, that too much water during this period may keep the trees growing so late as to be susceptible to wilting frosts and, in addition, decrease the likelihood of a good crop, due to the depletion of plant food reserves. Again it has been shown that a bone-dry soil during the late fall months before the growth has fully ripened results in death or serious injury to much of the tender new growth from dessication. It has further been done before the reader in succinct form the specialized irrigation situation as it exists with orchardists at the present time. Citrus trees are known to be comparatively shallow rooted. Hence it is felt that wetting the soil down to a depth of four to five feet will amply take care of the needs of the trees. On medium to heavier soils the furrow method of application is in most general use. On the lighter soils flooding in basins is frequently necessary in order to prevent waste from too deep penetration, which in addition washes out expensive and necessary plant food applied in the form of fertilizers. The principal faults with the furrow method are too great length to the furrows, resulting in excessive penetration at the upper end, with scarcity of water at the lower end too shallow furrows. Furrows of from 300 to 500 feet, depending on the soil, are recommended and deep furrows have been shown to be most efficient. Running water too long in the furrows, of course, results in waste, as does holding water too long in basins, where this method of application is used. Thoroughly wetting and keeping wet the tree rows is a place where many citrus growers fail, this being essential for best results. This may be accomplished by more furrows to the middle, running them closer to the trees, or by cross-furrowing. Both are now easily done with implements developed during recent years. Citrus orchards must be irrigated whenever the soil is dry, which involves winter irrigation, a practice made doubly necessary where cover crops are grown. From eight to ten irrigations or even more per year is the usual practice. Not being evergreen, as is the case with citrus, deciduous trees do not need as much water as citrus. They are not to be safely grown without irrigation, however, excepting under coast at various points have lived threes made new topical perhaps Hodgson, of He has placed localities and ousely at each college says: "The new pass all many tests my past year. We announced that in 1916 it was had made that 4-12 feet in ing, while many common sweep parison and u conditions make inches respect Maryland to of from 6 to past season in 3-1-2 month growth first reaction. Growth have been real state and man." "A seeding York on June exactly 108 in (3 months and This clover m feet and mat of the season ured 10 foot from widely country. "While we clover for has some difficult topmost leaf growths report the possibilities manure, past tion. Grown ditions the cl growth and r ANAHEIM GAZETTE to thorning the really im-growing it would sawbacks of the has been both the fruits application months has great im-created asigation. In the en-been con-machinery of every binding of where it and water given the long minds one with appliances is the part manufacturers been theous varia-tipe, much is leaky lived. A man in the Concrete mation to utility and iron and the inter-service-products wring do irrigation to the effi-ge of agri-nts, is the unusually favorable conditions. They need additional water, and much injury has occurred to deciduous fruit trees during the past three years, due to the failure of many growers to recognize this fact. Being comparatively deep in their rooting habit, it is necessary to have the soil wet down at all times to a depth of six feet and (with certain varieties, even more). Methods of application are similar to those used with citrus, mainly furrow irrigation; on the lighter soils, flooding in basins. Waste of water is of less importance and leaching of fertilizers of little or no importance, so that much 'lea' attention is paid to length of furrow and period of run. Of special importance, however, is assuring the trees a sufficient water supply to differentiate and store strong buds for the next year's crop, this occurring from June 15 to October 15. It is also highly desirable in seasons of deficient rainfall to supplement the same by winter irrigation, thus insuring the thorough wetting of the sub-soil, in the absence of which drought effects are to be expected. There is a growing recognition of the importance of irrigation with the walnut, it having been rather conclusively shown that a plentiful supply of moisture, especially during the late growing season and in early spring, are of the greatest importance in assuring size and quality in the nuts, and in the development of strong fruit buds for the next season's crop. Moreover, ample irrigation water has been shown to do much to offset the work of phlox and to result in a much thrifter and heavier yielding tree, as well as preventing winter drought effects, so prevalent the past two or three years. As the walnut is a deep-rooted tree, it is necessary to hold the water on walnut orchards longer than is the case with citrus or decidious, in order to allow deeper penetration. Water of hay or an abundance of highly nutritious pasture for such animals as cattle, horses or sheep. "But the remarkably rapid and vigorous growth made by this clover is only one of the many interesting demonstrations of the year. When seeded with small grain at Ames it produced six times the growth of medium red and mammoth clover and three times that of the biennial white sweet clover, following the removal of the small grain crop. When seeded broadcast on a weedy and poorly prepared seedbed the last of May it overcame the weeds, made a growth of 5 1-2 to 7 feet and matured a seed crop. "The drouth resistant qualities of the clover are reported from several states as remarkable. In one instance, without irrigation and with less than one inch of rainfall after the clover was seeded, it grew to a height of 7 feet and showed no ill effect of the drouth when all other vegetation perished in the worst drouth experienced since 1882. "The growth when carefully measured has often averaged over 1 1-2 inches per day, with a maximum under-greenhouse conditions of 2 1-2 inches in 15 hours. "Its heavy seed setting character is indicated by seed spikes which have measured 20 inches in length. Planted in rows 3 feet apart the seed yields have average 5 to 8 bushels per acre, while with closely spaced growths the yield has run over 10 bushels per acre of clean, sacrificed seed. "While Hubam clover has gained many friends the past year, the most uniformly enthusiastic group of men are the bee keepers. The most widely read and oldest bee journal in the United States carried extensive discussions of its merits, with many illustrations, in eight of the twelve issues of the year 1920." THE HOUSING PROBLEM We hear a lot these arid days About the housing shortage. A problem no one thought of in The whiskey, beer and port age. The reason seems quite evident To one who is a victim Of landlords and John Barleycorn, Each one of whom has licked him. How well do I remember when (Preceding prohibition) All men to bar-rooms did repair For alcoholch ignition. But nowadays a man's first thought Is of his home and collar—That is ,of course, if he should be A residential dweller. And so,'tis plain, this general And urgent need for houses: The bar-room patrons of the past Are now home-loving souses. NO DOUBT ABOUT IT Walter found his mamma talking to a very stout woman. "Walter," said his mother, "this is your great-aunt." "Yes,' said Walter, gazing at her ample proportions," she looks it!"—Houston Post in the development of strong fruit buds for the next season's crop. Moreover, ample irrigation water has been shown to do much to offset the work of phi and to result in a much thrifter and heavier yielding tree, as well as preventing winter drought effects, so prevalent the past two or three years. As the walnut is a deep-rooted tree, it is necessary to hold the water on walnut orchards longer than is the case with citrus or deciduous, in order to allow deeper penetration. Water should penetrate not less than eight feet in order to properly supply the needs of the walnut, and ten feet is better. Methods of application include the furrow system and ridge basining, the latter being perhaps the most used plan. In conclusion, it may be said that the wasteful use of irrigation water must be abandoned, not only because it is economically impossible to continue it, but (in many regions) for an additional reason—the filling up of the soil at lower levels resulting in the raising of the water table with the inevitable accompaniment of alkali accumulation. Thousands of acres of cree fertile soils in southern California are today barren waste, due to the careless and wasteful use of irrigation water on the higher lands nearby. And the solution to the problem of reslaiming these lands, drainage, will involve the expenditure of large amounts of money and must and will take years to be effected. A NEW COVER CROP Much interest is being displayed in the California trials of a new "annual white sweet clover" discovered in the greenhouses of the agricultural experiment station at Ames, Iowa, and later proven to be native to Alabama, perhaps to adjoining states. However, this new form seems to be a mutant or sport. It has been tried on the Pacific coast at various points and the roots have lived through the past winter and made new tops. It is doubtless biennial, perhaps triennial. Farm Advisor Hodgson, of Los Angeles county, says he has placed it in about ten different localities and that it is growing vigorously at each station. The Iowa state college says: "The new Hubam clover has surpassed all previous records in the many tests made with it during the past year. When the Iowa station first while with closely spaced growths the yield has run over 10 bushels per acre of clean, sacrificed seed." While Hubam clover has gained many friends the past year, the most uniformly enthusiastic group of men are the bee keepers. The most widely read and oldest bee journal in the United States carried extensive discussions of its merits, with many illustrations, in eight of the twelve issues of the year 1920." MORE CAREFUL THINKING; LESS RECKLESS TALKING Abuse of congress seems to be the favorite indoor sport at present of most of those who feel called upon to abuse somebody. Congress is cursed because it failed, within a three months' session, to rehabilitate an economic, political and industrial structure well night wrecked by an administration recently retired from power. The noisiest of the denouncers of the slow progress made by the wrecking crew are the vary politicians who caused the wreck. They are seconded by numerous thoughtless talkers and writers who do not stop to give consideration either to the size of the task before congress or the difficulties of finding immediate remedies for the evils and abuses to be cured. Congress is also being denounced by federal functionaries who do not get all they want by way of appropriations or authorization to pad present payrolls or create new ones. The custom of denunciation of the legislative branch of government by administrative office holders was one which flourished under the Wilson administration. It was a phase of that reckless and irresponsible spirit of autocracy which abs cost the American people so much in recent years, and which the voters by an impressive majority, rebuked in November last. The greatest disservice that can be rendered the American people at this time is thoughtless denunciation of the national legislature, which has even been bitterly criticized because, as the appropriating power, it performed a worn duty in investigating the criminal waste of the people's money by executive agents under the last national administration. It is to be expected of Democratic politicians and newspapers that they will pick every possible flaw in the Republican record. Let those who have no partisan interest in the campaign to And urgent need for houses: The bar-room patrons of the past Are now home-loving souses. NO DOUBT ABOUT IT Walter found his mamma talking to a very stout woman. "Walter," said his mother, "this is your great-aunt." "Yes,' said Walter, gazing at her ample proportions, 'she looks it!"—Houston Post. ORANQE COUNTY BUSINESS COLLEGE Santa Ana, California Enrollments now active for our tail term. We can train you in a few months for a good position paying from $75 to $150 a month. The demand for our graduates was never great. Salaries were never so high. We cannot fill half the position placed at our disposal. We must have more students this year to help the wheels of business moving. Ask today for our FREE catalogue. J.W.McCormac, President. SOUTHERN COUNTY Offers Its Preference For California investors this investment, assuand other I. Security of Investments (a) The company supplies an ever-It's business is, therefore, inherently insignia have increased in every single pany's history. Numbers of Consumers June 30, 1912 6,575 Numbers of Consumers June 30, 1921 77,475 Gain Gross business 1912 $176,811 *Gross business 1921 $3,332,575 Gain *Twelve months to May 31, 1922 (b) The company's growth has usually throughout its existence. Number of miles of mains as of December 13, 1913 Number of miles of mains as of May 31, 1921 to form the nation as it will amply be comHence it is down to a will amply be comthe furrow most geniuss flooding necessary in orto deep washies plant foodizers. The furrow methfurrows, detriment at any of water new furrows. 10 feet, decommended shown to water too worse results water too method of keeping wet where many essential be accommodate middle trees, or by now easily developed durhards must soil is dry, irrigation, a sary where from eight to five per year is the case does not occur. They without irrigating under coast at various points and the roots have lived through the past winter and made new tops. It is doubtless biennial, perhaps triennial. Farm Advisor Hodgson, of Los Angeles county, says he has placed it in about ten different localities and that it is growing vigorously at each station. The Iowa state college says: "The new Hubam clover has surpassed all previous records in the many tests made with it during the past year. When the Iowa station first announced the discovery of this clover in 1916 it was the statement that it had made the remarkable growth of 4 1-2 feet in 3 1-2 months from seeding, while medium red clover and common sweet clover grown in comparison and under exactly the same conditions measured 5 inches and 14 inches respectively. Many tests, from Maryland to Oregon, showed growths of from 6 to 8 feet in 1918, while the past season the clover grew 9 feet high in 3 1-2 months, or just twice the growth first reported by the Iowa station. Growths of from 7 to 10 feet have been reported from nearly every state and many foreign countries. "A seeding of Hubam made in New York on June 1 of last year measured exactly 108 inches (9 feet) in 103 days (3 months and 16 days) from planting. This clover made a total growth of 10 feet and matured seed before the end of the season. Many carefully measured 10 foot growths were reported from widely different parts of the country. "While we may not want a 10 foot clover for hay, and hogs might have some difficulty in getting the tender topmost leaves, the vigor of the growths reported gives some idea of the possibilities of the plant for green manure, pasture and honey production. Grown under crowded field conditions the clover makes a much finer growth and may furnish two cuttings "It is to be expected of Democratic politicians and newspapers that they will pick every possible flaw in the Republican record. Let those who have no partisan interest in the campaign to discredit the administration, particularly the legislative branch, remember that the violent, contemptuous and unreasonable attacks now being made upon congress will have the effect of fanning the flames of revolutionary radicalism that is very likely to be the alternative to which the people of this country will turn if they become convinced that the attacks made upon congress have justification. Congress has halted the legislative and administrative program which had put this country on the high road to bankruptcy and state socialism. It has thwarted the attempt to involve this country in the political system of Europe, and thereby prevented the visitation upon America of financial, political and economic disaster and probable permanent change in the very character of our institutions. In harmony with the executive branch of government it doing its very best to reduce expenditures, decrease taxes and safeguard the future of American industry that the condition of depression and unemployment inherited from the Wilson ear may be corrected at the earliest possible moment. For all this it is entitled to the commendation and assistance of all those honestly interested in the welfare of the administration and of the American people. Those who are trying to throw monkey wrenches into the machinery and are adding their voices to the clamor" (b) The company's growth has usually throughout its existence. Number of miles of mains as of December 13, 1913 Number of miles of mains as of May 31, 1921 Increase Cubic feet of gas sold year ending June 30, 1912 Cubic feet of gas sold year ending May 31, 1921 Increase of 4440 per cent over sales (c) Field of operation unexcelled tythree cities in the counties of Orles, San Bernardino, Ventura, and San adjacent territory. It reaches and estest agricultural and rural territory on the most rapidly growing urban and tions of the state. (d) Sources of gas supply. Its life and its system (except Santa Barbara from all of the substantial gas-producing Southern California, assuring a permittivity of supply of gas of unexcellent as natural gas is available. The extent of these gas-producing fields affeual, as well as secure, source of suy years to come. The company's sysu so that the change from a natural gas gas system can be readily effected, a natural gas supply diminishes, with company or interruption of service. (e) Operation by trained organiza ment of the company has had long its ability is unquestioned. The com confidence and good-will of the people and its experienced district manage with the local needs and requirement served. A continuous eight per cent return vestment. Dividends $8.00 per share mailed direct to the stockholders. Price: $99.00 per share if purch Orders may be placed or further J.C.Osher,D.D.S.,M.D PHYSICIAN AND SURGEON EYE, EAR, NOSE AND THROAT—ORAL SURGERY—GLASSES FITTED SUITE 1 CENTRAL BLDG PHONE SUNSET 337 Chiropractic and Electric Treatments DIAGNOSIS FREE DR. G. A. NETH Licensed Drugless Practitioner Phone 80— 120 W. Center St. Anaheim STROUP'S MEATS ARE HARD TO BEAT You make no mistake when buying at STROUP'S - - MARKET "The House of Service." Used Car Bargains 1919 Oakland Touring with wire wheels, thoroughly overhauled. Looks fine $800 1919 Oakland Touring, thoroughly overhauled, new paint, big bargain 775 1919 Oakland Touring, fine condition 700 1920 Maxwell, overhauled, fine condition 650 1917 Seven passenger Studebaker Six, excellent mechanical condition 550 1919 Chevrolet Touring; new battery, thoroughly overhauled 390 1919 Chevrolet, canopy top, delivery body 300 1917 Overland. Five Passenger Country Club Roadster 600 1919 Oakland Touring, thoroughly overhauled, new paint, big bargain 775 1919 Oakland Touring, fine condition 700 1920 Maxwell, overhauled, fine condition 650 1917 Seven passenger Studebaker Six, excellent mechanical condition 550 1919 Chevrolet Touring; new battery, thoroughly overhauled 390 1919 Chevrolet, canopy top, delivery body 300 1917 Overland, Five Passenger Country Club Roadster 600 1920 Ford Sedan, perfect condition, Hasslers and Speedometer 800 Overhauled used Ford Roadsters and Tourings, 1914 to 1921, $150 to $525. We are Orange County Headquarters for Used Cars. Cash or Easy Payments. Service that Satisfies. WICKERSHEIM IMPLEMENT CO. FULLERTON, CAL. BUY A SPARE TIRE SHERN COUNTIES GAS COMPANY OF CALIEORNIA Offers Its Preferred Stock—an 8 Per Cent Investment California investors this stock is unusually attractive, offering both security of investment, assurance of fixed income at an attractive rate, and other advantages of especial interest. Security of Investment. company supplies an every day necessity. is, therefore, inherently stable. Its earnincreased in every single year of the comomy. Of Consumers June 6,573 Of Consumers June 77,470 Business 1912...$ 175,815.36 Business 1921...$ 3,332,575.83 twelve months to May 31, 1921. company's growth has increased continughout its existence. miles of mains ag of De3, 1913...201.32 miles of mains as of May ...1,285.75 (f) Surplus earnings for years past largely in excess of dividend requirements of preferred stock. FOUR YEARS' EARNINGS Surplus Dividend Requirement Available for on $1,250,000 Pref'd Balance Year Dividends ...$ 100,000.00...$ 21,741.39 Surplus 1918—121,741.30...$ 100,000.00...$ 142,741.39 Surplus 1919—242,741.26...$ 100,000.00...$ 147,238.81 Surplus 1920—247,238.81...$ 100,000.00...$ 147,238.81 Surplus 1921—216,227.67*...$ 100,000.00...$ 118,227.67 Surplus *Twelve months to May 31, 1921 (g) Value of tangible property increases year by year. 1912 ...$ 674,225.48 1913 ...703,378.73 1914 ...809,669.84 1915 ...899,274.19 1916 ...3,245,207.68 1917 ...3,808,776.07 1918 ...4,131,344.69 1919 ...4,732,717.41 1920 ...6,602,326.50 1921 as of May 31st...7,526,447.59 (h) Equity behind preferred stock. The value of the tangible property of the company, including the *Twelve months to May 31, 1921* (g) Value of tangible property increases year by year. 1912 $674,225.48 1913 703,378.73 1914 809,669.84 1915 899,274.19 1916 3,245,207.68 1917 3,808,776.07 1918 4,131,344.69 1919 4,732,717.41 1920 6,602,326.50 1921 as of May 31st 7,526,447.59 (h) Equity behind preferred stock. The value of the tangible property of the company, including the proceeds from the sale of this stock after deducting bonded and all other indebtedness, leaves an equity of approximately $171.92 per share behind this issue of stock. (i) Supervision by Railroad Commission of California. Supervision by the Railroad Commission of California is a factor of safety which constantly operates to protect the interests of both stockholders and company. The issuance of this preferred stock has been authorized by the State Railroad Commission of California. 2. Special Advantages (a) An immediate and direct return of eight per cent per annum is received by the investor in this stock. (b) Interest at eight per cent per annum, payable quarterly, upon all installment payments upon purchase price, giving the investor an eight per cent return upon his money from the very beginning. (c) This issue of $1,250,000.00 preferred stock is the only preferred stock issued by the company. (d) Free from all state, county and municipal taxes in California except inheritance taxes. (e) Exempt from normal federal income tax. (f) Dividends paid directly to you four times a year—January 15, April 15, July 15 and October 15. (g) Investment may be made in any amount from one share upward. (h) Payments can be made in ten equal installments if desired. (i) The development of the community served by the company will be aided by your investment in this stock. (j) Information regarding the company is available at all times to stockholders. Dividends $8.00 per share per annum, payable at the rate of $2.00 every three months by check to the stockholders. $99.00 per share if purchased outright and $100.00 per share if paid in installments. It may be placed or further information obtained at any district office of the company, or at MAIN OFFICE 11th Floor Corporation Bldg. 724 So. Spring Street, Los Angeles, California.