Arizona republican., 1895-06-12
ENGLISH GOLD, The Gila Bend Canal to
 Be Revivified. Close of Negotiations
 in London For Capital to Take Up the Re-
 ceiver'S Certificates. Receipt Of a Cablegram Yesterday AppOiIpcfpO Final hrrapQe-
Receipt Of a Cablegram Yesterday Announcing Final Arrange
 ments This Week.

Several months since from the steps of the court house the canal, dam, dam site and ali the appurtenances of the million. dollar enterprise at Gila Bend was sold by James McMillan, receiver of the Gila Bend Reservoir and Irriga- tion Co.,, the Arizona Construction Go. and the Peoria Canal Co.,, under what was known as an amended decree handed down by Judge Baker.
 At the sale, as vitally interested par. ties, were the heaviest investors and stoc kholders of the last two named companies. They had iourneyed from Peoria, Ill.,, and they had brought with them the first requisite to enable them to bid upon the property, viz, S250 ,000 in good hard cash. These representa-. tives travelled as beftted their rank, station and wealth, in a private car, and their trip over the rails was one of luxury. comfort, ease and joy. No thought was permitted to enter that car which could mar the pleasant convic. ton that the dam and canal was to come to them unattended by the neces- sity of paying many of the just debts accrued during the course of their con- struction.
 Also at that sale, were c. E. Crowley, Redmond Toohey, Captain W. l.. George, and A. 4. Dougherty. Quiet, unassuming. really somewhat diffident, they stood of on one side until the re- ceiver announced the fact that he was prepared toreeeiEe bidgA
 In firm, easy, but vary esrnest tone, c. F. Ainsworth, attorney for Crowley, Toohey & George, offered an amount to cover the costs of court, the receivers certificates amounting to about $125,. 900. and the judgments of Crowley, Toohey & George amounting to about $200, 0,000, the judgments going in as payment for their value.
 This bid was a stickler for the Peoria contingent, and, after some debate, they retired to their native fastnesses in the wllds of Illinois.
 Within few days after the sale g goodly portion of the dam went out in the flood.
 Crowley and Toohey organized and incorporated the Valley Canal and Land company, with c. E. Crowley preaident; A. A. Dougherty, vice pres ident; c. F. Ainsworth, secretary, and Henry E. Kemp, treasurer. Since then this company has been en. deavoring to float thelr bonds in Lon don. England. A. A. Dougherty has been in London for this purpose fol months, and good newa, bad news, anC again good news has been cabled to the anxious walters at this end of the line Delays, Encouragement and encourage ment have alternated, but the gooc fight has been steadily kept up.
 Yesterday cabiegram was received announcing that victory had percheG upon the banners of the gallant band o rustling hustlers, and all Phoenix, al Arizona will rejoice with them wheI THE REPUBLICAN announces the cable gram:
 "The money all deposited. Every thing com plete this week. Failure i'm possible"
 Work will be commenced at once, tn, dam repaired, the entire structure strengthened and by October l, eigh
 feet of water will be flowing through tn forty miles of canal and Gila Bend vii become once more the Mecca of the in vestor, the locator and the seeker fo good chances.
 The appeal suit of the Gila Ben' Reservoir and Irrigation Co.,, has yet t have it's day in court, but this vii not interfere with the onward progres of the enterprise.