Timeline
1875 Henry purchased 46,000 acres known as the Rancho San Francisco for $90,000. He was told about the property by a friend Jose Manuel Soto. Soto had wanted to purchase it himself, but was strapped for cash. He suggested to Henry that Henry buy it and reserved the right to purchase part of the Rancho San Francisco at the original purchase price, but was never able to come up with the cash to do so.. To see these maps much larger and get the full story of the Rancho San Francisco
This is the original property map of the Spanish land grant Rancho San Francisco.
I took the above map, along with my Los Angeles and Ventura County Thomas Guides and was able to put together a map based on what part of Santa Clarita was part of the original land grant. Many thanks to my dear real estate colleague, Janis Stonerook from Realty Executives, Agua Dulce, CA for help with this puzzle. She is the land map expert from Santa Clarita to Palmdale.
Henry purchased Rancho San Miguelito – 22,135 acres – for $166,000.
He purchased Rancho El Piojo – 13,300 acres – in Monterey County for $70,000.
Henry and partners established the California Southern Railroad Company but never laid a tie. The Central Pacific merged with several smaller railroad companies and became the Southern Pacific Railroad and offered to purchase the “franchise rights” to their new company.
Henry and his partners sold their shares in the railroad for $1,250,000 each. That ended Henry’s 10-year span in the railroad business.
Henry ordered the first heavy locomotive to be built in California. The “California” as it was known, set a speed record west of the Rockies of sixty-seven miles per hour.
The tracks in the San Francisco and San Jose Railroad company had been laid all the way to San Jose. Because of political issues Henry and two partners bought up all the stock in the Company and Henry became President of the Company.
Voters approved funds to purchase railroad stock. Henry started organizing and when the second San Francisco and San Jose Railroad Company was organized, Henry was elected Vice President.
H.M. Newhall and Co. went from auctioneer to wholesaler and also into insurance. Profits were substantial.