Just a little over three years ago,' lt;a corporation- composed of half a dozen Santa Ana and Los Angeles capitalists purchased a tract of land from Colonel R. J. North-am some four miles west of Newport Beach and laid out the townsite of Pacific City. The purchasers of the property organized the West Coast Land and Water Company and under that management went on to improve the embryo city and made considerable progress f6r the first year, when by agreement -satisfactory to all concerned, the proper ty was taken over by the Huntington Beach Company, and the new town4re-christened Huntington Beach. H. E. Huntington, the Southern California electric railway magnate, became a large stockholder in the new company and was elected as one of the directors, and coincident with the organization of the new company the ( promise was given that the Pacific Electric Company would connect the ( town of Huntington Beach with the outside world by an electric railway