On the beach a strangely varied human herd pressed close around a platform upon which stood Samuel Brannan and Alcalde Hyde. The former had promised to act as auctioneer and looked over a sheaf of notes while Hyde in his dry, precise and positive tone read the details of the forthcoming sale. It would last three days, Hyde informed his hearers, and 450 lots would be sold. North of the broad street paralleling the Mission Camino lots were sixteen and a half varas wide and fifty varas deep. All were between the limits of low and high water mark.

"What's a vara?" shouted a new arrival.

"A Spanish yard," explained Hyde, "about thirty-three and a third inches of English measure. Gentlemen, you are required to fence your lots and build a house within a year. The fees for recording and deed will be $3.62, and the terms of payment are a fourth down, the balance in equal payments during a period of eighteen months."

"How about the lots that lie south?" cried a voice.

"They are one hundred varas square, same terms, same fees," replied Hyde. He stepped down and Brannan began his address.

"The site of San Francisco is known to all navigators and mercantile men to be the most commanding commercial position on the entire eastern coast of the Pacific Ocean," he shouted, quoting from former Alcalde Bryant's announcement of three months previous. "The town itself is destined to become the commercial emporium of western America."

"Bravo!" supplemented the Dona Briones, waving her fan. She was the center of a little group composed of Benito and Inez Windham, Adrian Stanley and Nathan Spear. Near them, keeping out of their observance, stood Aleck McTurpin.

"The property offered for sale is the most valuable in or belonging to the town," Brannan went on, enthusiastically; "it will require work to make it tenable. You'll have to wrest it from the waves, gentlemen ... and ladies," he bowed to Juana and her companion, "but, take my word for it--and I've never deceived you--everyone who buys will bless my memory half a dozen years from now...."

"Why don't ye get in yerself and practice what ye preach?" cried a scoffing sailor.

Brannan looked him up and down. "Because I'm trying to serve the commonwealth--which is more than a drunken deserter from his ship can claim," he shot back hotly, "but I'm going to buy my share, never fear. Bill Leidesdorff's my agent. He has $5,000 and my power of attorney. That's fair enough, isn't it boys? Or, shall we let the sailor act as auctioneer?"