Japanese Purchase of the Flores Estate

Pacific Press Publishing Association · Mountain View, Cal. · Apr 25, 1911

FromSigns of the Times, Vol. 38, No. 17.

Japanese Purchase of the Flores Estate

Later investigations seem clearly to show that a Japanese syndicate of private citizens had an option on the Flores and Hale estate for $10,000,000, but were blocked by J. Pierpont Morgan, who holds a mortgage on the property for $750,000. The Japanese purchase was for the purpose of colonization and the promotion of dyes for silk. It is thought that news of the Japanese option had much to do with President Taft's mobilization order and the Japanese withdrawal, but all these may have been coincidences. At any rate the Japanese quietly refused to complete the deal.