best of it is worth about forty-five dollars an acre; the body of it about
twenty dollars.

"The next grant, on the north, is that of William G. Chard. It is nearly
all cut up and owned in small farms. Colonel E.J. Lewis, a well-known
politician, is one of the largest owners on the Chard tract. He is
extensively engaged in wheat raising.

"Ide's grant is adjacent, on the north; it is also mostly divided and
owned in small tracts of one hundred and sixty to four hundred acres each.

"The Dye grant lies east of and opposite to Red Bluff. It was originally
a large grant, but has been partially subdivided. It contains some good
bottomland, but is mostly adapted to grazing.

"The most northerly grant in the State is that formerly owned by the late
Major Redding. It is partially subdivided. Like the Dye grant, it contains
some rich bottom-land, but, like it, is mostly adapted for grazing and
grape growing. Haggin and Tevis lately bought (or hold for debt) about
fifteen thousand acres of this rancho, which are worth about one hundred
thousand dollars, or about seven dollars per acre. It is understood from
inquiries made from the owners of these two last named tracts, that they
are willing to sell grain lands at about an average of thirty dollars per
acre."

Of course these grants make up, in the aggregate, but a small part of the
arable land of the Sacramento Valley.

[Illustration: "TACOMA," OR MOUNT RAINIER.]