Newhall Land and Farming Company established. Sons Henry and William “Mayo” were elected president and vice president respectively. Gilbert Palache was secretary. H.M. Newhall & Co. was appointed treasurer.
Newhall Sons & Co opened to continue with the auction business. The business, run by sons Edwin and Walter, faltered because of the development of communications and commerce. It was heavily in debt and closed within two years.
This is a picture of the original Stock certificate issued when Newhall Land and Farming Co was formed.