The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-08-11
eoLDF1ELD WATER AND TRANSIT CO.

Godfeld is to have street railway SYSTEM and
one, and also system that will be adequate for all
poses for domestic well fire company of capital
lists has been organized by James A. Peac the well known
mining man, and New York and local capitalists have sub
scbed 100000 for the enterprise Goded the metropolis
of southwestern Nevada, viii have electric running all
the district within the next six months and fare to
be made to Columbia of 10 and to Damondeld of 20
cents branch will be the railway depot Last
Tuesday the board of county commissioners granted twenty
franchise portion of the Godfed district
desired On the day deal consmmated whereby
aarge acreage owned by AL D. Meyers Tom d. Murphy and
Collins located about six miles west of passed into
the hands of the corporation and this will be used for the de
veopmen of water There this ground water already de
veoped of 5000 gallons per day. this
not enough 1t the intention of the company drill for
artesian Keystone drilling machine capable of put
ting down hole depth of 25O0 feet has been ordered
and according the opinion of Mr. Pearce, who the
gnee and will be in charge of the construction of both the
railway and water system at least 100000 gallons of water
per day be depended and water be
furnished anywhere in the world Judging from the analysis
that the surface flow. 1t will be gravity
system and the pressure will be whatever desired
The officers of the company William De Biler
member of the York Stock Exchange president;
s. Finnegan of Goldfed vce-presdent; Lindsay
secretary and treasurer and these with L. L. Patrick and
Frank M s will form the board of directors with James
A. Pearce general manager Everybody in Gold6eId
the majority of the directors well All have been successful
mining business of the camp Mr. Lindsay who has
been chosen treasurer formerly connected with the First
National Bank of Denver First National Bank of Cripple
Creek and the Merchants and Miners Bank of Idaho Springs
and probably competent cashier handed money
His word is good his bond Mr. Pearc
has been engaged mining all the country for
years Messrs Patrick and Ish connected way
another with most of the mines of the and each enjoys
the confidence of the public. L. S. Fnnegan the
president of the Golded Town company and has already
made fortune real estate with the possibility of making
millions his mining ventures
The construction of the high line electric railway Grip
Creek district thought be chmerca when Clarence
Ross tackled the proposition but he made go and money
maker the low line electric line constructed
and the railways built three other lines grdng the
camp every direction running both freight and pas
senger to almost every mne and they found profitable in
vestment Later all absorbed by the Gould system
They paid big profits to all those who put money for
structiOn There why railway like
this connection with water system, should not be big
financial right from the The population of the
district at present probably not less than 10000 and those
who have watched the rapid growth of the camp the past
year will be surprised if the years brings
to $4,000 The company intends to do passenger well
freight business The Nevada Power company,
line completed from Bishop Creek will be able furnish
power the trains The other electric power companies
will be competitors with them and power be purchased
cheaply by the electric railway company