Watson Land Company

The Watson Estate Company was incorporated in 1912 to help protect the interests of Dolores Simona Dominguez de Watson. While the Watson Estate Company made a steady, albeit relatively small, income from leasing land, it broke with other Rancho-based companies in regularly selling off small pieces of property. The company was reincorporated as the Watson Land Company in 1927, largely as a way to have lands assessed according to richer 1920s valuations, rather than the 1913 valuation that had been used. Under reincorporation, land sales and leases gave the Watson Land Company a sounder financial foundation. As with other Rancho-based concerns, the Watson Land Company realized profits from sales and leases to oil companies; throughout its history, though, the directors of the Watson Land Company focused on the agricultural and industrial development of the land. The success of this practice grew throughout the century, and the Watson Land Company remains one of the most successful in Southern California. (From the Rancho San Pedro Collection Finding Aid)

From the description of Watson Land Company Collection, 1927-2005 (California State University, Dominguez Hills). WorldCat record id: 681579523

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