Download A Scottish Syndicate in the Redwoods: Monopoly and Fraud in by Marvin Shepherd PDF

By Marvin Shepherd

In 1882, 3 lumbermen in Humboldt County, California and a Scottish fee service provider in San Francisco constructed 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 of thousands of entrymen, post-dated land access types, and ethically challenged govt land place of work staff, all controlled from a back-room workplace in Gorham Barnum’s Saloon. the 3 males additionally built a moment plan to create a monopoly within the producer of redwood lumber by means of paying for the resources of 4 lumber businesses and turning into the most important producer of redwood lumber on the planet. 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 was once partly accountable for the failure of the tried monopoly after purely 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 used to be supplied whereas passing executive lands into deepest arms. He additionally describes the tried bribery of 2 govt investigators and the intimidation of a few of the entrymen once they agreed to turn into govt witnesses.

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