In 1857, Phineas Banning purchased from one of the Dominguez brothers an extensive tract some miles to the North of San Pedro, along the arm of the sea, and established a new landing which, in a little while, was to monopolize the harbor business and temporarily affect all operations at the old place. Here, on September 25th, 1858, he started a community called at first both San Pedro New Town and New San Pedro, and later Wilmington--the latter name suggested by the capital of Banning's native State of Delaware. Banning next cultivated a tract of six hundred acres, planted with grain and fruit where, among other evidences of his singular enterprise, there was soon to be seen a large well, connected with a steam pump of sufficient force to supply the commercial and irrigation wants of both Wilmington and San Pedro. Banning's founding of the former town was due, in part, to heavy losses sustained through a storm that seriously damaged his wharf, and in part to his desire to outdo J. J. Tomlinson, his chief business rival. The inauguration of the new shipping point, on October 1st, 1858, was celebrated by a procession on the water, when a line of barges loaded with visitors from Los Angeles and vicinity, and with freight, was towed to the decorated landing. A feature of the dedication was the assistance rendered by the ladies, who even tugged at the hawser, following which host and guests liberally partook of the sparkling beverages contributing to enliven the festive occasion. In a short time, the shipping there gave evidence of Banning's wonderful go-ahead spirit. He had had built, in San Francisco, a small steamer and some lighters, for the purpose of carrying passengers and baggage to the large steamships lying outside the harbor. The enterprise was a shrewd move, for it shortened the stage-trip about six miles and so gave the new route a considerable advantage over that of all competitors. Banning, sometimes dubbed "the Admiral," about the same time presented town lots to all of his friends (including Eugene Meyer and myself), and with Timms Landing, the place became a favorite beach resort; but for want of foresight, most of these same lots were sold for taxes in the days of long ago. I kept mine for many years and finally sold it for twelve hundred dollars; while Meyer still owns his. As for Banning himself, he built a house on Canal Street which he occupied many years, until he moved to a more commodious home situated half a mile north of the original location. At about this period, three packets plied between San Francisco and San Diego every ten days, leaving the Commercial Street wharf of the Northern city and stopping at various intermediate points including Wilmington. These packets were the clipper-brig _Pride of the Sea_, Captain Joseph S. Garcia; the clipper-brig _Boston_, Commander W. H. Martin; and the clipper-schooner _Lewis Perry_, then new and in charge of Captain Hughes.