The present site of the Government Building, embracing as it then did the forty-foot street north of it, was at that time improved with an adobe building covering the entire front and running back to New High Street; and this adobe, known after Temple's death as the Old Temple Block, Hinchman sold for fifteen thousand dollars. He also disposed of the new Temple Block, including the improvement at the south end which I shall describe, for but sixteen thousand dollars. I remember quite well that Ygnácio Garcia was the purchaser, and that, tiring of his bargain in a couple of weeks, he resold the property to John Temple's brother, Francisco, at cost.
Hinchman, for fourteen thousand dollars, also disposed of the site of the present Bullard Block, whereon Temple had erected a large brick building, the lower part of which was used as a market while the upper part was a theater. The terms in each of these three transactions were a thousand dollars per annum, with interest at ten per cent. He sold to the Bixbys the Cerritos rancho, containing twenty-six thousand acres, for twenty thousand dollars. Besides these, there were eighteen lots, each one hundred and twenty by three hundred and thirty feet, located on Fort Street (now Broadway), some of which ran through to Spring and others to Hill, which were bought by J. F. Burns and William Buffum for one thousand and fifty dollars, or fifty dollars each for the twelve inside and seventy-five dollars each for the six corner lots.
Returning to the Fort Street lots, it may be interesting to know that the property would be worth to-day—at an average price of four thousand dollars per foot—about nine million dollars. Eugene Meyer purchased one of the lots (on the west side of Fort Street, running through to Hill, one hundred and twenty by three hundred and thirty feet in size), for the sum of one thousand dollars; and I paid him a thousand dollars for sixty feet and the same depth. In 1874 I built on this site the home occupied by me for about twelve years, after which I improved both fronts for F. L. Blanchard. These two blocks are still in my possession; the Broadway building is known as Blanchard Hall. Blanchard, by the way, a comer of 1886, started his Los Angeles career in A. G. Bartlett's music store, and has since always been closely identified with art movements. He organized the system of cluster street-lights in use here and was an early promoter of good roads.
Pio Pico
From an oil portrait
Juan Bandini