Bisbee daily review., 1902-07-23
CANANEA ROAD
 HAS BEEN SOLD
IT IS GENERALLY UNDERSTOOD, IN cANANEA, TO THE
 soUTHERN PACIFIC

EE s-
 4 Tucson Report Says Transfer was
 Made to . New Company and
 That Deal was closed by Big
 Cash Deposit >
 The Cananea railroad is sold and the transfer of the road has, it is be- iieved, already been made to the Southern Pacific or the representative of that company. The transaction was consummated last week and the money, closing the deal deposited ID the Consolidated National bank al Tucson. Although the report has gone out recently and been published in the Review to the effect that the sale had been made it has been de nied frequently but the present salt is good evidence in substantiation of the fact that the deal has been under consideration for some time.
 George Buxton. the wholesale fruit dealer of this city, returned from Can anea Sunday and upon being seen yesterday in regard to the reported sale stated what he had learned in Cananea regarding the deal.
 Yes, there is no doubt of the trans action whatever" said Mir. Buxton Those best in position to know statet positively that W. c. Greene had lief in his private car with Epes Randolph and other Southern Pacific men for San Francisco to complete the sale of the Cananea road to the Southerr Pacific people.
 Tn speaking with c. NJ Burkhal ter, the division freight and passenger agent for the Southern Pacific, h. stated positively that his road would build into this section of the terri tory at once and would have begun operations before this had it not beer for the very great amount of con struction work the company is doinl out of Fl Paso. The Southern Pacifif is spending one and half million dol lars in changing the grade out of E Paso."
 The following taken from the Tue son Citizen states that the compan! which has bought the Naco-Cananes road is new one formed by W. C Greene and known as the Cananea. Rio Yaqui and Pacific railroad. but the impression generally prevails that the Southern Pacific is al interested party, if not the real purchaser.
 The Citizen says: "A transaction vast industrial importance and with potential possibilities for future ex- pansion and development was conclud ed last week, when the Cananea Con solidated Copper company transferred its line of railroad running from Nacc to Cananea to new company just or ganized by W. c. Greene and associ ates, and known as the Cananea, Rio Yaqui and Pacific Railroad company.
 The new company, of which Wm C. Greene is president and the con trolling owner. will begin at a yer early day the construction of this road on south from Cananea, it's present terminus, to a point on the Gulf oi California and. it is understood, in connection with H. E. Huntington. Edwin Hawley, Epes Randolph and the Stanford and Hearst estates, will build north from Naco through Ari zona and New Mexico to a connection with Denver.
 This means the ultimate construc. tion of a great trunk line traversing the southwest and connecting the Pa cific with the great arteries of com me-ce in the central west and east. In conEertion with the reported sv- tension O. the Rock Island from Fl Paso to Los Angeles, this latest en- terprise is suggestive of vast possi- bilities.
 Tn connection with the transfer of the Eaco-Cananea road to the new company, and it's proposed extension north and south, probably by far the largest single deposit ever made IT any bank in Arizona was recorded with the Consolidated National bank of this city last Saturday. While the exact amount of the deposit is not stated. or by whom made. the Citizen has information that warrants it in stating it requires seven figures to rep resent it in dollars This of itself is of importance, as it shows the recog- nized solidity of the old pueblo as 9 financial center"
 The Southern Pacific has already had several surveying parties in this section of Cochise county and the statement has several times been made by men connected with that company that the Southern Pacific would build from Cochise station via Pearce. Gleeson and Tombstone to | Naco. It is believed that this enter prise has been only delayed pending | for the purchase of th' l Greene road.