having leases covering periods of three to five years; rent, one-fourth of
the crop raised; the owner builds fences and houses for the lessees. The
average quantity of wool annually grown on this rancho is sixty thousand
pounds; beef cattle, two hundred and fifty head; value of produce received
as rent from tenants, twelve thousand dollars per year. Judge Pratt is
willing to sell farms of one hundred and sixty to three hundred and twenty
acres at about the rates named, and on easy terms.

"The Hensley grant, lying north of Judge Pratt's rancho, contains five
leagues. It was rejected by the United States Courts, and was taken up
by, and is covered with, settlers, who own one hundred and sixty to three
hundred and twenty acres each, worth forty to sixty dollars per acre.
Little or none of that land is for sale, the owners being too well
satisfied with their farms to sell them, even at the highest ruling rates.

"General Bidwell's rancho adjoins Judge Pratt's. It contains about twenty
thousand acres, of which about one-quarter is of the best quality, and
would readily sell at fifty to sixty dollars per acre. About five thousand
acres more, lying along the Sacramento River, are subject to overflow.
That portion is very rich grazing land, and is worth fifteen to twenty
dollars per acre. The other ten thousand acres lie near the foot-hills;
they are extremely well adapted to grape culture, and are worth five to
twelve dollars per acre. General Bidwell is not willing to sell.

"The next rancho on the west is owned by John Parrot. It contains about
seventeen thousand acres, and lies on the east bank of the Sacramento
River. It contains about four thousand acres of first-class wheat or corn
land; the remainder is composed of excellent pasturage; there are only a
few thousand sheep, and a few cattle and horses on this rancho. It has for
several years been cultivated by Morehead and Griffith, under a private