Ranch Life in California - Extracted From the Home Correspondence of E. M. H #265620

It should be understood also that, after defraying the cost of their journey, their remaining capital amounted to about £500; just enough to buy their little piece of land, build their house, and stock their farm with horses, cow, and imple ments. Independently of what they might make by their labour, the party between them could only count upon about £100 a year to live on.