Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1895-08-16
EDDY AT THE HELM.
The Rio Grande Reservoir Project is
a Goa Big Deal in Land and
Water Of Moment to All
New Mexico.

Good Eews is at hand from the Mesila
valley. That long pending storage res
ervoir enterprise is Mt last shaped up and
in condition to be pushed to a successful
finish. The news below is verified by
private letters received here to-day from
the lower Pecos valley. For years the
storage of water in the lower Rio Grande
has been earnestly advocated by the New
MEXICAN and it is with no little pleasure
that this journal is able to-day to re-
print the following from the Las Cruces
Independent at hand this morning:
HON. O. B. EDpY's NEW ENTERPRISE.
Positive information has been received
here that the Smith and Boyd irrigation
projects have been practically consoli-
dated and placed in the hands of G. B.
Eddy, who undertakes to finance the
scheme, place the bonds and do for the
Rio Grande valley what he has done for
the Pecos.
Last week Mr.. +. II. Peitz, county sur
veyor, who was employed on the Pecos
Valley irrigation works before coming
here, received letter from Mr.. Eddy,
dated at New York, notifying him that
Mr.. Eddy would soon have great deal
of work for him to do in Dona Ana
county and would be here in abont two
weeks. Last Saturday Mr.. PETIT was in
Ell Paso and had an interview with the
secretary and one of the directors of the
Boyd company and they told him that all
their franchises, otc., and the franchises
of the Smith party had been turned over
to Mr.. Eddy, who would take control OF
the whole business at once. The state
ment was positive, direct and without
reservation.
Major Llewellyn also says he has re.
ceived a letter from Frank Smith con.
veying the same information, and there
is no doubt whatever that the deal has
been made.
There were flied last week in the pro.
bate clerks office of this county two
agreements and plans that
INDICATE THE PROGRESS
of the enterprise. One is an agreement
between the Mesilla Valley irrigation col
ony and DIR. John M. Yair, of Lorne Park
Bournemouth, England, for the purchase
of twenty acres of the Brazito grant with
perpetual water right for f4OO sterling
DR.. Yair has paid $50 down, the balance
to be paid n eight installments The ven
dor agrees to furnish water for irrigation
at $3.50 per acre. The second agreement
is between the same vendor and the
Mesilla Valley Fruit and Vinegrowipg
| com pany, limited, of Westminster, Eng
land, for the purchase of 1000 acres of
MRS. oAsAD's PROPERTY,
the Brazito grant, for $4,000, or at the
rate of about $50 per acre. The receipt
of $1,000 is acknowledged, and the bal
ance is to be paid as follows: Two thou
sand pounds on September 1, 1895; &c. 0C
on November l, 1895, and the remainder
in five annual installments of $4,000 each
The purchasers agree to cultivate two.
thirds of the tract within five years, and
the vendor agrees to supply water fol-
irrigation not before January "a, 1896
The signing directors of the purchasing
company are DR.. John M. Yair, N. T
Allison and Henry Martin.
map filed with the agreement shows
the tract divided into ten-acre lots, and
it appears to be the purpose of the pur
chasing company to establish a colony
town.
A part of the purchase price has beer
paid by the American company to the
Casad heirs, owners of the grant, anG
another large installment will be due
within ninety days.