The herald., 1893-12-22
PROGRESS OF TnB NEVADA SOUTHERN.

Esew here we print an interview which
a reporter of the HERALD had yesterday
with District Attorney H. G. Dillon, who
has just returned from trip which he.
ex-Mayor Hazard and others. made with
President Isaac +. Blake to inspect the
progress which has been made on the
Nevada Southern railway. They found
that the ret thirty miles OF the road
hsd been built in particularly work
manlike manner, and that it was
equipped in superior style. They
found, what the HERALD has all along
assured its readers was the case, that
large quantities of gold ere being pro-
duced at Vanderbilt. Keystone and
other points. They discovered that there
has been no Misrepresentation as re-
CARDS this enterprise at any stage OF its
progress, and that it is good, sterling
investment, pregnant with the develop
ment Of country inconceivably rich
in both the base and precious metals,
and in coal. 1t would not be
readily believed, but it is true that
there are parties in Los Angeles who
have been base enough to attempt to
belittle an enterprise whose completion
will do so much to advance this city to
metropolitan station. Fortunately for
the promoters of this noble agency
OF our development it is indepen-
dent OF the "back Gaping"
OF this small and insignificant clique.
The merchants and business men OF
Los Angeles, who will be the leading
benefciaries of the completion of the
Nevada Southern, will be delighted to
learn that the rest of the block OF
$450,000 of the bonds of the road has
been taken in New York. and that this
will be ample to do the work of grading
and track laying as far as Good Spring.
The more one studies the resources
contributory to this road the
brighter lite prospects look. 1t is no
question of geld, silver, iron or coal
when we come to consider its great fu-
ture. OF course these will form very
important factors in its future dividends.
These things might be left out of the
count altogether, however. and yet
there would be very logical reason for
it's construction. The HERALD has
alluded to the immense deposits OF nj
trates that will be tapped at point not
fa siffp tthaa NagR5A lipe II Ritrstss in
country before her conquest by Chile,
how much more valuable must they be
when located within easy distance OF
Los Angeles, with railroad reaching
up to their very borders? The English
nitrate king, Colonel North, pays Chile
a royalty on nitrates which is said by
those converssnt with the subject to be
just about equal to what it will cost to
bring them into Los Angeles over the
Nevada Southern railway.
The extent Of these nitrate deposits
has not yet been published to the world,
but an expert examination shows that
q eingle hundred acre field is go aburd.
antly eupplied with this valuable staple
that it alone contains million and
sixty thousand tons. With nitrate sell
ing at $i7 a ton in the open market the
promoters of the Nevada Southern
would be iustifed in assuring those who
took stock in the road big dividends
from that staple alone. The source of
supply Is restricted, the demand is un-
limited, and one hundred cars day for
thirty years would not exhaust the SUP.
ply. Jus: here is an object lesson that
should be carefully studied. In much
greater degree than WAS supposed by
those who originally surveyed the ter
ritory which will be trsversed by the
Nevada Southern, it lie the keynote to
the unlocking OF varied riches. The
completion OF the next thirty miles is
Dow au assured fact.