C.H. Phillips, President C.H. Phillips, Jr. Vice Pres't. C.W. Gates, Sec't & Treas. Chine Ranch Company (a Corporation) Capital $30000000.00 Chino Ranch 41.073 Acres 20,000 Acres Beet, Alfalfa, Corn, Potato, Wheat, Oats & Barley, Lands. 10,000 Acres, Orange, Lemon, Olive, Walnut and Deciduous Fruit Lands 11,000 Acres Choice Dairy Lands. The greatest Beet Sugar industry in the United States. The largest yield in tens per acre and the highest percentage of sugar per ton in the world. Chino Valley Railroad Address: Chino Ranch to Chino, California Los Angeles Office: 404 South Broadway (Chamber of Commerce Bldg) Chino, California Dec. 17, 1895 Mr. Ah Louis, San Luis Obispo, Cal. Dear Sir:- Your favor of December 11th is received. I will instruct John to pay you as fast as he can out of any funds he may have; also to make out a statement of your account. I ordered it done before I left San Luis, and supposed it had been attended to. Times are very hard there, and it seems almost impossible to get money. They are a little better here, but it is quite hard to make collections, even here. However, we will do our very best we can for you. Very truly yours, Will Sandercock