The herald., 1895-01-13
NEWS ABOUT THE RAIL WAYS
The Nevada Southern Road
Will Be Built at Once.
Some Positive Information Receive ed
From Denver.
The Fight Id out thu Oregon short Line
kecsivsrship-A Nsw Hsst.
srn Comb n atioa.


~ built. All the articles we're signed in
Denver on thu 9TH OF January last. and
W. R. Woodbury., president OF tbs
Union Nasioni hank in thas CITY, was
elected pre,ident of the corporation"
The above was the emphatic state
msut Of gentleman we'll known in San
francisco and Denver railroad circles,
bat whose name. for obvious reasons. he
desires withheld fo- few days.
Continuing, he said: The contracts
forthe grading and bridging OF the road
will be signed either tomorrow or Tues
day, and the work will at once be COM
msncsd.
"Mr. Woodbury. is q heavy owner in
the road and intends to push il to com
plstion 40 far as Good Springs, in the
Yellow Pine mining district, Lincoln
county, Nevada. Immediately. This
point 10 six miles east Of the rich Key
stone gold mine. aud from this locality
the bulk OF the roads tonnage will come.
The road, which ct present ends four
miles south OF Vanderbilt, is 80 miles in
length, starting from Blake on the At
lantic and Pacific railroad. and although
there ID no town anywhere located on it
IL pays ito expenses. With this extern
sion il will become q handsome and
paying Investment, IS Good Syringe lie
situatsd in ono OF the most extensive
undsvslopsd and unsxplored mineral
districts Ia the United States. The res
sources Of the country are go great that
Il will pay the company over 20 per
dormant through lack Of adequate trans
portation facilities. which, when formed.
will at once be followed by capital for
tts development.
& Mr.. r. G. Scofsld OF the Pacific
Coat Oil company, OF San Francisco,
who was formerly vice president OF the
road under the Blaks management. is
still interested in it. in connection with
r. 8. Seibert, who at present Is in
MARVEL, Joseph D. Lynch and 7. r.
Gabsl. former general superintendent
OF the Atlantic 4 Pacific division OF the
Santa Fe system.
Isaac E. Blake, the former president
ofthe road lie entirely out OF it now.
s"Mf. Blake was working for the or
ganisstion OF new company Of which
he was to be president. 1t was to be
called the Utah and Nevada com pany.
In this COMPANY was to be en- bodied
the rich Keystone mine, located in the
Yellow Pine mining district, Nevada;
the Gladiator company's property,
located in San Bernsrdino county, Gal.
the Needles reduction works, the Phoebe
Consolidated compsny's property and
the Nevada Southern railway.
."rhe deal was to be consu mn ated on
the condition that Mr.. Blake would
raise the incu mbrauces in the way Of
indebtedness that might exist on the
different properties.
lathe panic OF last year, however. and
his failure to realize upon his many
assets, prevented the consu N m alton OF
the plan outlined, and as he could not
PINT in his property free from all incum.
brancsa the whole thing fell through,
due mainly TO the withdrawal OF the in
stsrssts owned by John B. Clafu OF New
York.
II heard . rumor, however. some tims
aeo in Denver that there was a likeli.
hood OF appointing Mr.. Blake general
manager OF the company, but how true
itis do not know.
.tbs Nevada Southern will be built, and
quickly ct that, to Good Springs.
There IL really no object for them to
extend the road farther at present, bs-
cause at Good Syringe it will hold the
key TO the situation"
THE OREGON SHORT LINE.
b "A dispatch from Portland, under date
Of yesterday. Gays: The preliminary
skirmish in the Oregon Short line re-
.ceiyership occurred today in the United
States court. Zera Snow, repressn ting
John F. Dillon. trustee Of a set Of Ore
A., eon Railway and Navigation bonds, ap-
psared and asked for an extension Of
time Tor 80 days in which to file an an.
sser to the complaint under which Ed
win McNsill was appointed receiver Of
the Oregon Railway and Navigation.
At the time the receiver was appointed
Dillon had NOT answered. and his
time expired today. Judge Bellingsr
said il appeared to him that the defend
ant hsd had ample time to file his an
swsr. and it looked - though tho de-
isndsnt might not be acting In absolute
good faith. He extended the time 10
DAYS. making an order that unless the
dsien ants to tho suit had s7swered BY,
that date they woul. not be allowed to
do 30 later.
NEW RAIL LINE.
II u elainad thas the Missouri Pacific,