The Pioche weekly record. [volume] (Pioche, Nev.) 1877-1900, 1895-02-14
CALIFORNIA EASTERN.
The Present Outlook For Resuming
Operations.

The Los Angels Herald publishes the fol-
lowing:
"The Nevada Southern railroad will be
built. All the articles were signed IN
Denver on the 9TH of January last, and w.
R. Woodbury., President of the Union
National bank in that city, was elected
President of the corporation"
The above was the emphatic statement of
gentleman well known in San Francisco and
Denver railroad circles, but whose name, for
obvious reasons, he desires withheld for
while.
Continuing, he said: THE contracts for
the grading and bridging of the road will be
signed either tomorrow or Tuesday, and
the work will at once be commenced.
"Mr. Woodbury. is heavy owner in the
road and intends to push it to completion as
far as Good Springs, in the Yellow Pine
mining district, Lincoln county, Nevada,
Immediately. This point is six miles east of
the rich Keystone gold mine and from this
locality the bulk of the roads tonnage will
come. The road which at present ends four
miles south of Vanderbilt, is thirty miles in
length, starting from Blake on the Atlantic
and Pacific railroad, and although there is
no town anywhere located on it, 1t pays its
expenses. With this extension it will be-
come handsome and paying investment,
as Good Springs is situated in one of the
most extensive undeveloped and unexplored
mineral districts in the United States. The
resources of the country are so great that it
will pay over 20 per cent. per annum. 1t is
only lying dormant through lack of adequate
transportation facilities. which when fur.
nished, will at once be followed by capital
for its development.
Mr.. R. G.. Scofeld of the Pacific Coast
Oil Company of San Francisco, who was
formerly vice. president of the road under
the Blake management, is still interested in
it, in connection with r. S. Seibert, who at
present is in Marvel with Joseph D. Lynch
and T. r. Gabel, former general supernten
dent Of the Atlantic & Pacific division of the
Santa Fe system.
Isaac E. Blake, the former president OF
of the road is entirely out Of it now. Mr.
Blake was working for the organization of a
new company of which he was to be presi
dent. 1t was to be called the Utah and
Nevada Company. In this company was tc
be embodied the rich Keystone mine located
in the Yellow Pine mining district, Nevada
the Gladiator Company's property, located
in San Bernardino county, CAL; the Needle
Reduction Works, the Phoebe Consolidated
Company's property, and the Nevada South
ern Railway. The deal was to be con
summated on the condition that Mr.. Bak
would raise the membranes In the way o
Indebtedness that might exist on the differ
ent properties. The panic of last year, how
ever, and his failure to realize upon hi
many assets. prevented the consummation @
the plan outlined, and as he could not put il
his property free from all membranes, tn
whole thing fell through, due mainly to tn
withdrawal of the interests owned by job
B. Claf1in of New York.
One thing is certain the Nevada Southern
will be built, and quickly at that, to Goo
Springs. There is really no object for ther
to extend the road farther at present, be
cause at Good Springs it will hold the Ike
to the situation.