Calif.: Fine Arts Press, 1936), p. 11. The ranch was mortgaged to Pioche & Bayerque for about $44,000, at 3 per cent per month. This debt, together with many other outstand- ing notes, caused the Picos to fear a deficiency judgment which would have jeopardized every acre they owned. Robert Glass Cleland, The Cattle on a Thousand Hills . . . (San Marino, Calif.: The Huntington Library), 1941, p. 152.
5. For a detailed account of these suits see Stephenson, op. cit.
6. According to the San Diego Union, November 29, 1882, the price paid by O'Neill was $250,000, and that paid by Flood, $450,000; but Mr. M. Hall McAllister writes that he was told by a man who attended the auction in San Diego that the property was sold for only $40,000, or 20c an acre for the 200,000 acres, and that O'Neill and Flood had to spend immediately an equal sum for a resurvey of the land, squatters' suits, fences, unpaid taxes, etc.
7. Information from the U. S. Marine Corps, San Francisco office, and Camp Joseph H. Pendleton formerly Rancho Santa Margarita [n. p.,: U. S. Marine Corps, 1943].
8. Brackett, op. cit., p. 46; Benjamin Hayes, Pioneer Notes from the Diaries of Judge Benjamin Hayes (Los Angeles: privately printed, 1929), p. 118.
9. See Note 7.
