Las Vegas daily optic., 1907-04-23
n. A. MORLEY MAKES FINAL
PAYMENT ON MAGNIFICENT
HART RANch.
WONDERFUL RECORD
used Entire Capital Foe FIRST Pay.
nens And In Flfty.nine Days mace
$4,000 BY Selling Tracts.

Mr.. Richard 4. Morley today gave
bis check on The First National bank
Of Las Vegas 10 Alphonso Hart of
Washington. D. c. for s39.340 as the
final payment on the Hart ranch.
This transaction closes up one Of
the most phenomenal real estate
deals that has ever been pulled of
In Las Vegas in connection with the
colonization Of the mesa. No man In
Las Vegas has done as much 10 in
terest the home seeker In the agricul-
tural possibilities Of this great tract
of land as has Mr.. Morley. The tract
has been a sheep pasture for half a
century. ami would have continued to
be a barren waste for the next fifty
years IL 1t had not been for such men
as Richard A. Morley.
While he was filling the Methodist
pulpit In this city he saw the posi-,
bilities of the mesa and began talk
Ing 1t up when everybody else In Las
Vegas was sure that one could not
raise anything on the entire tract.
Nothing ever had been raised on the
mesa and people OF Las Vegas were
willing to let II go at that. Mr.. Nor
ley knew that the ground was all
right. and he also knew that 1t only
needed to be farmed In the right man
ner to produce bountifully. When he
was q student. at school he made a
special study Of soils, and when yet
yeung man he, was considered an au-
thority ON seeds and the preparation
Of the seed bed.
He talked mesa when nobody would
listen, but he kept on talking until
the people began to prick up their
ears and take interest. This talk
went on until Mr.. Thompson made a
contract with the grant board for the
sale Of some of these lands. Mr..
Morley took over his contract and in
terestei eastern buyers. After sell
ing over 10000 acres of the mesa
land under the Thompson option, Mr.,
Morley interested the South and
West Land company of Chicago in
the possibilities of San Miguel county
and Mr.. Fred Brown, the president OF
the company, came to Las Vegas and
was introduced to the grant board.
and took a contract from Mr. Morley
for nearly 10000 acres and since that
time the company has taken a con-
tract from the grant board for 100000
acres. Thus Mr.. Morley was instru-
mental In getting these men to come
here with their splendid organization
to colonize the grant.
He next bought the Hart ranch, a
tract of more than $4,000 acres; made
large payment down and agreed to
paw the balance in eight months.
Yesterday saw the consummation of
that deal, when Mr.. Morley made the
last payment of nearly $4,000 and
became the owner in fee simple of
this magnificent tract of land.
This deal puts Mr. Morley in the
front rank of real estate dealers in
the wholesale way. When he bought
the land he paid down all the money
he had as a first payment. He then
had to go to work and sell 100000
worth of land in eight months, and
he did 1t in f1fty-nine days. He inter-
ested men in Northern Illinois and in
Ohio. and had them come out here
to look. and when they got here he
sold to them.
He laid out town on the site and
named it after Newark, Ohio, as i
compliment to the many purchasers
of land from the Buckeye state.
Richard A. Morley is "doer" and
the Optic expects to hear OF him ex-
plotting some Of the largest real es-
tate deals in the country before he
finishes. He started about one year
ago without money Or experience IN
the real estate business, yet today he
has pushed to completion deal that
would 10 credit to any real estate
concern In the whole country. He Is
an earnest, honest, hard working man
who knows not the word fail. In all
of his various deals there has never
been a shadow ct complaint He has