WATER LOT SPECULATION - Revision history

Ccarlsson: added full jurisdiction line map

2020-02-20T02:35:07Z

added full jurisdiction line map

← Older revision		Revision as of 19:35, 19 February 2020
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	[[Image:soma1$yerba-buena-cove-lots-map.jpg]]		[[Image:soma1$yerba-buena-cove-lots-map.jpg]]

	'''Map of [[Yerba Buena-Good Herb\|Yerba Buena]] cove water lots to be filled in, ~~c. 1852~~.'''		'''Map of [[Yerba Buena-Good Herb\|Yerba Buena]] cove water lots to be filled in, 1851.'''

	''Image: California Historical Society, San Francisco, CA''		''Image: California Historical Society, San Francisco, CA''
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	After the State Supreme Court upheld the legitimacy of these rights (later overturned by the U.S. Supreme Court), a flurry of speculative investment took place on Mission Bay water lots. Nancy Olmsted traces two such cases in her valuable book ''Vanished Waters: A History of San Francisco's Mission Bay'': South Beach blocks 7 and 8 were sold by Dr. Peter Smith to John McHenry on June 15, 1851 in a package that included Mission Bay water lot 20, plus other water lots numbering 316, 319, 352, and 580. All sold for a total of $3,975. On September 1, 1853, two years later, McHenry sold blocks 7 and 8 (each containing 8 50-vara lots) to William Cornell Jewett for $50,000. Then Jewett resold two of the block 7 lots for $25,000. Later that week he sold two more lots for another $15,000. By September 15 he sold another lot for $10,000 and recovered his initial investment. He still owned all of block 8 free and clear, and sold another lot and a half of block 7 for another $15,500. He later offered block 8 for $125,000, which was soon sold. Each subsequent buyer was convinced they were getting a great deal and on it went, alongside court decisions first validating and then denying the legitimacy of the claims.		After the State Supreme Court upheld the legitimacy of these rights (later overturned by the U.S. Supreme Court), a flurry of speculative investment took place on Mission Bay water lots. Nancy Olmsted traces two such cases in her valuable book ''Vanished Waters: A History of San Francisco's Mission Bay'': South Beach blocks 7 and 8 were sold by Dr. Peter Smith to John McHenry on June 15, 1851 in a package that included Mission Bay water lot 20, plus other water lots numbering 316, 319, 352, and 580. All sold for a total of $3,975. On September 1, 1853, two years later, McHenry sold blocks 7 and 8 (each containing 8 50-vara lots) to William Cornell Jewett for $50,000. Then Jewett resold two of the block 7 lots for $25,000. Later that week he sold two more lots for another $15,000. By September 15 he sold another lot for $10,000 and recovered his initial investment. He still owned all of block 8 free and clear, and sold another lot and a half of block 7 for another $15,500. He later offered block 8 for $125,000, which was soon sold. Each subsequent buyer was convinced they were getting a great deal and on it went, alongside court decisions first validating and then denying the legitimacy of the claims.

			[[Image:1851-shoreline-and-jurisdiction-line-map.jpg]]

			'''Full 1851 shoreline and jurisdiction line map. The outer line indicates the jurisdiction line dividing control between the City and the State of California.'''

Ccarlsson at 00:14, 15 September 2009

2009-09-15T00:14:36Z

← Older revision		Revision as of 17:14, 14 September 2009
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	''Dramatization by Haight Ashbury Community Radio Project, 1980.''		''Dramatization by Haight Ashbury Community Radio Project, 1980.''

	The story of Mission Bay is in some ways a microcosm of the entire city's history. The area was subject to wild real estate speculation, at first on the water rights, and later on the new landfill.		The story of [[MISSION BAY\|Mission Bay]] is in some ways a microcosm of the entire city's history. The area was subject to wild real estate speculation, at first on the water rights, and later on the new landfill.

	H.B. Tichenor built a marine railway to haul up ships for repair off Steamboat Point at 2nd & Townsend in 1851. He purchased the adjacent water rights to land under Mission Bay for $2,700. By 1868 Central Pacific Railroad bought the same lot for $250,000. This gives a hint of what was to come in wild price fluctuations and ownership rights over the future land of Mission Bay, most of which was sold and sold again as water rights, first by the City of San Francisco, then by the State of California.		H.B. Tichenor built a marine railway to haul up ships for repair off Steamboat Point at 2nd & Townsend in 1851. He purchased the adjacent water rights to land under Mission Bay for $2,700. By 1868 Central Pacific Railroad bought the same lot for $250,000. This gives a hint of what was to come in wild price fluctuations and ownership rights over the future land of Mission Bay, most of which was sold and sold again as water rights, first by the City of San Francisco, then by the State of California.

Texteradmin at 03:45, 21 August 2009

2009-08-21T03:45:06Z

← Older revision		Revision as of 20:45, 20 August 2009
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	<hr>		<hr>

	[[Image:Tours-shoreline.gif]] [[Warm Water Cove\| Continue Shoreline Tour]]		[[Image:Tours-shoreline.gif\|link=Warm Water Cove]] [[Warm Water Cove\| Continue Shoreline Tour]]

	[[Mission Creek \|Prev. Document]] [[2nd St. Cut \|Next Document]]		[[Mission Creek \|Prev. Document]] [[2nd St. Cut \|Next Document]]

	[[category:SOMA]] [[category:1850s]] [[category:downtown]] [[category:real estate]] [[category:water]] [[category:shoreline]]		[[category:SOMA]] [[category:1850s]] [[category:downtown]] [[category:real estate]] [[category:water]] [[category:shoreline]]

Texteradmin at 03:58, 20 August 2009

2009-08-20T03:58:20Z

← Older revision		Revision as of 20:58, 19 August 2009
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	After the State Supreme Court upheld the legitimacy of these rights (later overturned by the U.S. Supreme Court), a flurry of speculative investment took place on Mission Bay water lots. Nancy Olmsted traces two such cases in her valuable book ''Vanished Waters: A History of San Francisco's Mission Bay'': South Beach blocks 7 and 8 were sold by Dr. Peter Smith to John McHenry on June 15, 1851 in a package that included Mission Bay water lot 20, plus other water lots numbering 316, 319, 352, and 580. All sold for a total of $3,975. On September 1, 1853, two years later, McHenry sold blocks 7 and 8 (each containing 8 50-vara lots) to William Cornell Jewett for $50,000. Then Jewett resold two of the block 7 lots for $25,000. Later that week he sold two more lots for another $15,000. By September 15 he sold another lot for $10,000 and recovered his initial investment. He still owned all of block 8 free and clear, and sold another lot and a half of block 7 for another $15,500. He later offered block 8 for $125,000, which was soon sold. Each subsequent buyer was convinced they were getting a great deal and on it went, alongside court decisions first validating and then denying the legitimacy of the claims.		After the State Supreme Court upheld the legitimacy of these rights (later overturned by the U.S. Supreme Court), a flurry of speculative investment took place on Mission Bay water lots. Nancy Olmsted traces two such cases in her valuable book ''Vanished Waters: A History of San Francisco's Mission Bay'': South Beach blocks 7 and 8 were sold by Dr. Peter Smith to John McHenry on June 15, 1851 in a package that included Mission Bay water lot 20, plus other water lots numbering 316, 319, 352, and 580. All sold for a total of $3,975. On September 1, 1853, two years later, McHenry sold blocks 7 and 8 (each containing 8 50-vara lots) to William Cornell Jewett for $50,000. Then Jewett resold two of the block 7 lots for $25,000. Later that week he sold two more lots for another $15,000. By September 15 he sold another lot for $10,000 and recovered his initial investment. He still owned all of block 8 free and clear, and sold another lot and a half of block 7 for another $15,500. He later offered block 8 for $125,000, which was soon sold. Each subsequent buyer was convinced they were getting a great deal and on it went, alongside court decisions first validating and then denying the legitimacy of the claims.

	[[Image:~~Shoreline~~-~~tour-button~~.~~jpg~~]] [[Warm Water Cove\|~~-->~~ Shoreline Tour]]
			<hr>

			[[Image:Tours-shoreline.gif]] [[Warm Water Cove\| Continue Shoreline Tour]]

	[[Mission Creek \|Prev. Document]] [[2nd St. Cut \|Next Document]]		[[Mission Creek \|Prev. Document]] [[2nd St. Cut \|Next Document]]

	[[category:SOMA]] [[category:1850s]] [[category:downtown]] [[category:real estate]] [[category:water]] [[category:shoreline]]		[[category:SOMA]] [[category:1850s]] [[category:downtown]] [[category:real estate]] [[category:water]] [[category:shoreline]]

Ccarlsson: added audio

2009-06-02T19:44:01Z

added audio

← Older revision		Revision as of 12:44, 2 June 2009
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	''Image: California Historical Society, San Francisco, CA''		''Image: California Historical Society, San Francisco, CA''

			<div>
			<flashmp3>http://www.archive.org/download/WaterLotSpeculation/Talbot2_underwaterLots.mp3</flashmp3>
			</div>
			''Dramatization by Haight Ashbury Community Radio Project, 1980.''

	The story of Mission Bay is in some ways a microcosm of the entire city's history. The area was subject to wild real estate speculation, at first on the water rights, and later on the new landfill.		The story of Mission Bay is in some ways a microcosm of the entire city's history. The area was subject to wild real estate speculation, at first on the water rights, and later on the new landfill.

Lisaruth: Protected "WATER LOT SPECULATION" [edit=sysop:move=sysop]

2009-01-05T06:04:14Z

Protected "WATER LOT SPECULATION" [edit=sysop:move=sysop]

← Older revision	Revision as of 23:04, 4 January 2009
(No difference)

Lisaruth at 06:03, 5 January 2009

2009-01-05T06:03:48Z

← Older revision		Revision as of 23:03, 4 January 2009
Line 23:		Line 23:
	After the State Supreme Court upheld the legitimacy of these rights (later overturned by the U.S. Supreme Court), a flurry of speculative investment took place on Mission Bay water lots. Nancy Olmsted traces two such cases in her valuable book ''Vanished Waters: A History of San Francisco's Mission Bay'': South Beach blocks 7 and 8 were sold by Dr. Peter Smith to John McHenry on June 15, 1851 in a package that included Mission Bay water lot 20, plus other water lots numbering 316, 319, 352, and 580. All sold for a total of $3,975. On September 1, 1853, two years later, McHenry sold blocks 7 and 8 (each containing 8 50-vara lots) to William Cornell Jewett for $50,000. Then Jewett resold two of the block 7 lots for $25,000. Later that week he sold two more lots for another $15,000. By September 15 he sold another lot for $10,000 and recovered his initial investment. He still owned all of block 8 free and clear, and sold another lot and a half of block 7 for another $15,500. He later offered block 8 for $125,000, which was soon sold. Each subsequent buyer was convinced they were getting a great deal and on it went, alongside court decisions first validating and then denying the legitimacy of the claims.		After the State Supreme Court upheld the legitimacy of these rights (later overturned by the U.S. Supreme Court), a flurry of speculative investment took place on Mission Bay water lots. Nancy Olmsted traces two such cases in her valuable book ''Vanished Waters: A History of San Francisco's Mission Bay'': South Beach blocks 7 and 8 were sold by Dr. Peter Smith to John McHenry on June 15, 1851 in a package that included Mission Bay water lot 20, plus other water lots numbering 316, 319, 352, and 580. All sold for a total of $3,975. On September 1, 1853, two years later, McHenry sold blocks 7 and 8 (each containing 8 50-vara lots) to William Cornell Jewett for $50,000. Then Jewett resold two of the block 7 lots for $25,000. Later that week he sold two more lots for another $15,000. By September 15 he sold another lot for $10,000 and recovered his initial investment. He still owned all of block 8 free and clear, and sold another lot and a half of block 7 for another $15,500. He later offered block 8 for $125,000, which was soon sold. Each subsequent buyer was convinced they were getting a great deal and on it went, alongside court decisions first validating and then denying the legitimacy of the claims.

	[[Image:Shoreline-tour-button.jpg]] [[~~WATER LOT SPECULATION~~\|--> Shoreline Tour]]		[[Image:Shoreline-tour-button.jpg]] [[Warm Water Cove\|--> Shoreline Tour]]

	[[Mission Creek \|Prev. Document]] [[2nd St. Cut \|Next Document]]		[[Mission Creek \|Prev. Document]] [[2nd St. Cut \|Next Document]]

	[[category:SOMA]] [[category:1850s]] [[category:downtown]] [[category:real estate]] [[category:water]] [[category:shoreline]]		[[category:SOMA]] [[category:1850s]] [[category:downtown]] [[category:real estate]] [[category:water]] [[category:shoreline]]

Lisaruth: Unprotected "WATER LOT SPECULATION"

2009-01-05T06:02:21Z

Unprotected "WATER LOT SPECULATION"

← Older revision	Revision as of 23:02, 4 January 2009
(No difference)

Lisaruth: Protected "WATER LOT SPECULATION" [edit=sysop:move=sysop]

2009-01-05T06:01:33Z

Protected "WATER LOT SPECULATION" [edit=sysop:move=sysop]

← Older revision	Revision as of 23:01, 4 January 2009
(No difference)

Lisaruth: changed from water tour to shoreline tour

2009-01-05T05:59:30Z

changed from water tour to shoreline tour

← Older revision		Revision as of 22:59, 4 January 2009
Line 23:		Line 23:
	After the State Supreme Court upheld the legitimacy of these rights (later overturned by the U.S. Supreme Court), a flurry of speculative investment took place on Mission Bay water lots. Nancy Olmsted traces two such cases in her valuable book ''Vanished Waters: A History of San Francisco's Mission Bay'': South Beach blocks 7 and 8 were sold by Dr. Peter Smith to John McHenry on June 15, 1851 in a package that included Mission Bay water lot 20, plus other water lots numbering 316, 319, 352, and 580. All sold for a total of $3,975. On September 1, 1853, two years later, McHenry sold blocks 7 and 8 (each containing 8 50-vara lots) to William Cornell Jewett for $50,000. Then Jewett resold two of the block 7 lots for $25,000. Later that week he sold two more lots for another $15,000. By September 15 he sold another lot for $10,000 and recovered his initial investment. He still owned all of block 8 free and clear, and sold another lot and a half of block 7 for another $15,500. He later offered block 8 for $125,000, which was soon sold. Each subsequent buyer was convinced they were getting a great deal and on it went, alongside court decisions first validating and then denying the legitimacy of the claims.		After the State Supreme Court upheld the legitimacy of these rights (later overturned by the U.S. Supreme Court), a flurry of speculative investment took place on Mission Bay water lots. Nancy Olmsted traces two such cases in her valuable book ''Vanished Waters: A History of San Francisco's Mission Bay'': South Beach blocks 7 and 8 were sold by Dr. Peter Smith to John McHenry on June 15, 1851 in a package that included Mission Bay water lot 20, plus other water lots numbering 316, 319, 352, and 580. All sold for a total of $3,975. On September 1, 1853, two years later, McHenry sold blocks 7 and 8 (each containing 8 50-vara lots) to William Cornell Jewett for $50,000. Then Jewett resold two of the block 7 lots for $25,000. Later that week he sold two more lots for another $15,000. By September 15 he sold another lot for $10,000 and recovered his initial investment. He still owned all of block 8 free and clear, and sold another lot and a half of block 7 for another $15,500. He later offered block 8 for $125,000, which was soon sold. Each subsequent buyer was convinced they were getting a great deal and on it went, alongside court decisions first validating and then denying the legitimacy of the claims.

	[[Image:~~water~~-tour-button~~-new~~.jpg]] [[~~Yosemite Creek~~\|--> ~~Water~~ Tour]]		[[Image:Shoreline-tour-button.jpg]] [[WATER LOT SPECULATION\|--> Shoreline Tour]]

	[[Mission Creek \|Prev. Document]] [[2nd St. Cut \|Next Document]]		[[Mission Creek \|Prev. Document]] [[2nd St. Cut \|Next Document]]

	[[category:SOMA]] [[category:1850s]] [[category:downtown]] [[category:real estate]] [[category:water]] [[category:shoreline]]		[[category:SOMA]] [[category:1850s]] [[category:downtown]] [[category:real estate]] [[category:water]] [[category:shoreline]]