Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1890-12-10
SANTA FEl N. NJ, WEDNESDAY DECEMBER 10, 1890

acre with 10 other Improvements than
the water supply. When planted TO
fruits they produce anywhere from $l0O
to $500 per acre annually.
The desirability Of these lands is best
attested by the promptness with which
they were entered upon by settlers
Within thirteen months after the under
taxing was inaugurated, land which was
not worth taking at the government
price was entered at the land office to the
extent of more than 100000 acres, and
the greater portion Of all the land which
will eventually be covered by the bitches,
even far in advance Of the present con-
struction, has been taken by entrymen
under the different land laws.
The company offered the frst 90 900
acres OF " ater right at $3.50 per acre, paya-
blo i'll annual inatallments of 81 each
with rental charge of 81 per acre. This
was all promptly contracted for. The sec
ond $4,000 was offered at $40 per acre
and $l,25 annual rental. This was nearly
all taken at the time of my visit 1t is
expected that still higher price will be
demanded for subsequent sales. From
the fact that nearly 100000 acres must b.
finally "proved up" under the require
ments Of the Desert Land Law during tn,
year 1891, the financial success Of the
company Is assured beyong question.
While the profit will be large one to
those whose enterprise and foresight per
mltted them to make this large invest
ment, it has involved the exercise of good
judgment and very much care for its
promoters, wltirh must be continued for
wears before the whole system can be put
in operation.
RATES CHARGED TO SETTLERS
are comparatively lower than where SINH
lar advantages are offered in any other
lrrgable district presenting the cores
pondng conditions OF soil and climate.
1t costs the entrymen but small proper
ton Of the actual value Of the land with
water attached.
The railroad company, composed large
ly OF the same investors as the irrigation
company, was organized in the early sum
mer and construction was commenced in
May. On tho lst Of November about
tilty-six miles of track had been laid and
the road Was in operation for that dist.
ance. 1t will undoubtedly be completed
by the 18th Of December, a distance OF
ninety miles from PeCOs City, Texas,
where 1t connects with the Texas & Pa
cliC railroad. 1t was a necessity in the
way OF assisting to rapid development
OF the valley and its completion insures
that result. The headquarters of the road
is to be permanently fixed at Eddy, and
the construction of the round house, pas
senger and freight depots has aread,
hon Il ~.
Is already provided for the railway COM
pany in the fine bank building recently
erected by the Eddy Town company The
work Of
BRINGING IN SETTLERS
to occupy and cultivate the lands is the
next one in order, and to this end the
company is moving with the same energy
that 1t has exercised in the past to accom-.
pIsh quick results. From the fact that
the company does not own or has not at
tempted to control in any way any por-
ton of the government lands, the entry
men become actively interested in getting
the lands in cultivation. The policy OF
the company in, enforcing annual pay
ao,, ior the SsGter sIht and the water
cultivation or not, necessarily compels
every land owner either to put his land in
actual cultivation, making it productive,
or else to sell portion of it. He can not
afford to make these payments and let his
land lie idle.
The Town company has been very
literally managed, and with a paid-up
capital OF $lS0,U0O has been able to erect
a 500 900 hotel, SO, 900 bank building,
to improve the streets handsomely, to
bridge the river with substantial bridge
and to make such other Improvements as
contribute greatly to the prosperity of the
town. The whole undertaking has been
managed with unusual liberality and with
a view to future rather than immediate
results, and the success achieved fully
sustans the course Of the management.
CHARLES W. GREENE.