Los Angeles herald., 1906-08-19
ANGELENOS BUY
IN SEARCHL|GHT
WONDERFUL ADVANCE IN
REALTY VALUES
Searchlight Promises to Be Another
GoIdfield-Comments by Fitz
James McCarthy,the Noted
Mining Writer

Quite a contingent Of Los Angeles
people who have followed closely the
history of Goldfield are today drawing
comparisons between that town ana
Searchlight, Nevada, with the result
that within the past few weeks over
100000 has been invested in Search
light real estate AS consequence
of the present demand for the property
on Hobson street, which is the busiest
thoroughfare of Searchlight, lots have
gone from $1,000 two weeks ago to S2Ooo
today and the number that remains at
that price may easily be counted on
the ends of the fingers of one hand.
In speaking of the prevailing con-
ditions in Searchlight, Fitz James NC
Carthy, the eminent mining writer
who is thoroughly familiar with
Searchlight, said:
"It would seem entirely improbable
to an eastern tenderfoot to tell him the
truth about Searchlight for the prosaic
business methods of the east furnish
no precedent for the froth and activity
of a growing mining camp. 1 was In
Searchlight when 1 could have bought
all the lots from the line of the hotel
to Judge McElWain's office on both
sides of the street at $50 each, and 1
want to say that this was less than
year ago. Today l find that most or
these lots have been completely with
drawn from the market and the few
that remain unsold are held at from
$4,000 up.
Over 100000 In Lots
Now, when you come to figure that
there are about one hundred and fifty
lots on Hobsor street, then you Will
see that the total appreciation. in value
on this street alone has amounted 10
approximately $3.50 lot, or total
of $29250O. In other words, 1T means
that 1922, 500 in actual equity has been
added to the bank rolls of about one
hundred different people who own the
property on that street 1t means that
this amount of money is actually IN
sight as q reward for the initiativeness
of those men who had nerve enough to
go into the camp, buy desert ana wait
for the building of a railroad.
another strong point in favor of the
argument that Searchlight is to be one
of the most wonderful camps in Ne
vada Is that within the last week ar
ticles of incorporation have been taken
out for another railroad. A new COM
pany has been incorporated under the
name of the Searchlight and Northern
railroad company, WllH d Cdpllli StoSh
of $4,000 and the fact that G. II. Nc
Clintock, prominent Nevada banker,
is mentioned as one of the incorporat-
ors gives assurance that the new pro-
ject, now embryo, will soon material
ize as two iron bands connecting Nip
ton on the Salt Lake road with Search
light.
"When 1 was in Searchlight / took
particular notice of the fact that the
site was admirably adapted as resi-
Dental section, and the Ormand ad-
dition, which II. II. McCord company
of Los Angeles recently purchased, is
unquestionably the best located of any
property i'm the camp. Each house
built in this tract will have a pictur-
esque view of the surrounding country,
and you only have to go to Searchlight
and stand on one of its hills to see one
of the grandest landscapes in the state
of Nevada. So high Is the elevation
of the camp that you look down, as
1t were, upon a mountain walled valley
flanked on all sides by stern and rug
ged mountains, the coloring on whose
sides and combs cannot be depicted in
words. To be appreciated the land
scape must be seen."