Henry mayo newhall biography of william
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Henry Mayo Newhall and His Times: A California Legacy
Henry Mayo Newhall came to California in search of gold in 1850. He failed. Instead, he established what would become San Francisco's leading auction house, began the first financially successful railroad in California, and made real estate investments that developed into one of California's leading farm and ranch empires. This biographical study of Newhall is also a cultural and economic history of the state of California, from the Gold Rush to oil boom to suburban development. The book includes the history of the Newhall Ranch and Farming Company under Newhall's five sons and later under the inspired leadership of Atholl McBean. The final chapters discuss the 100th anniversary of the company and how Henry Mayo Newhall's dreams have come full circle with the development of Valencia, a community near the old ranch and the original town of Newhall.
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William Dressing Newhall (1854 - 1934)
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N > Newhall > William Dressing Newhall
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Henry Mayo Newhall's five sons, photographed in 1873. Eldest son Henry Gregory, then 20, is surrounded by (clockwise from upper left) William Mayo, 19; Edwin, 17; George, 11; and Walter, 13.
All were at least 21 years old when they incorporated The Newhall Land and Farming Co. in 1883, with a stated capital of 10,000 shares at $100 per share. Henry Mayo's widow Margaret received 2,500 shares, while each of the five boys received 1,500 shares. The company owned 143,000 acres of California ranch land including about 48,000 acres in the Santa Clarita Valley.
Born May 13, 1825 in the industrial town of Saugus, Massachusetts, Henry Mayo Newhall sought his fortune in the California Gold Rush of 1849. He failed as a miner but succeeded as an auctioneer in brawling San Francisco. A keen businessman and shrewd investor, Newhall parlayed his auctioneering fortune into an even greater fortune in railroads, ultimately becoming one of the founders of the Southern Pacific Railroad Company.
Between 1872 and 1875, Newhall purchased five of the old Mexican land grant ranchos throughout California, including 46,460 acres of the 48,000-acre Rancho San Francisco, covering the western half of the Santa Clarita Valley and eastern Ventura County. He sold a railroad right-of-way to Southern