Los Angeles County
Biographies
FAY DEY CORNELL
CORNELL, FAY DEY, Real Estate, Los Angeles, Cal., was born in Nebraska, July 2, 1880. He is the son of William H. Cornell and Addie (Dey) Cornell, and is a great nephew of Ezra Cornell, founder of Cornell University. He married Bertha Bessey, at Oakland, Cal., April 26, 1905.
Mr. Cornell was educated in the public schools of his native State, graduating from the High School at Syracuse, Neb., in 1896. He spent two years at Wesleyan University, in Lincoln, Neb.
In 1899, Mr. Cornell first located at Oakland, Cal., and became Secretary of the Jubiles Incubator Co., later going to Sunnyvale, Cal., where the company erected a large factory near San Francisco Bay. He remained with that concern until the San Francisco disaster in 1906. Injuries sustained then made impossible any activity for nearly a year. Upon recovery in February, 1907, he moved to Los Angeles and became interested in real estate.
In 1910, Mr. Cornell organized the El Sobrante Land Co., which purchased a tract of 43,000 acres known as Rancho El Sobrante de San Jacinto, Riverside County, also developed a water system and valuable mineral rights.
The land is being subdivided, and sales of nearly $750,000 have already been made. The company, of which Mr. Cornell is Sec. and Treas., has properties valued at several million dollars, the purpose of the owners being to develop, subdivided and sell its lands.
In July, 1912, the F. D. Cornell Co., Inc., was organized, with a paid-up capital of $375,000 with a directorate of seven successful and representative operators and bankers of Los Angeles. The company owns control of the El Sobrante Land Co., as well as other great tracts.
Mr. Cornell is a member of the Los Angeles Realty Board and the Los Angeles Athletic Club.
Transcribed by Joyce Rugeroni.
Source: Press
Reference Library, Western Edition Notables of the West, Vol. I, Page 770,
International News Service, New York, Chicago, San Francisco, Los Angeles,
Boston, Atlanta. 1913.
© 2011 Joyce
Rugeroni.
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