Las Vegas optic., 1914-09-07
CAMFIELB COMPANY AGREES
WILL POOL ITS INTERESTS WITH
THOSE OF THE CON-
MUNITY
GRANT BOARD IS TO ASSIST
1T is INVITED TO INVEST SOME
OF ITS MONEY IN BUILD
ING BIG RESERVOIR

ID. A. Camfield or Greeley, Colo.
president of the Camfield Develop
ment company, who was in the city
recently in consultation with attor-
neys and citizens representing the
many diverse interests involved in
the big irrigation project north of tho
city, has telegraphed the acceptance
of his board of directors of the propo-
sition made to him that the Camfield
corporation merge its interests with
the others in central organization
| the immediate purpose of which will
be the bringing Of some 10000 acres
under water service Before 1t ad-
journs Tuesday it is confidently
expected that the Las Vegas grant
board will approve the plan and add
its interests to the rest. assuring the
success of the undertaking.
This means that the dream of
nearly a century is about to be reel
ized, Since Juan de Baca first ch-
tanned a grant from the Mexican &c
- -->--,A - - ansne cnnnrfsipc Il
broad table lands in 1925, men, wi
the vision of seers, have looked ic
/ ward confidently to the day when ths
prairies, waving high with buffalo
grass and lush pasture growth. should
be subjected to the transforming
power of the plow when the gateway
to the hills should be the site OF
giant dam that should store the
waters of the Gallinas river for distri-
button to a thousand ranches; when
the wide vista of primeval isolation
should give way to the march of civil
ization and the coming of many men, :
Several times the undertaking has
been launched, but, from one cause
or another, has had to be abandoned
Now its realization practically is as,
sured The three elements at interest
have been successfully welded. First
the grant board, with its vast hold
ings. as stated above. will beyond
doubt, become party to the transac-
tion; then the Garfield company.
E@1trh-spent- $100, goo 4 few years ago
|Nfssf unfinished project has turned
in its interests, including the diver
sion dam, the supply ditch and the
foundation Of the reservoir dam; and
to complete the possibility of the sue
cess of the new venture, the private
owners have agreed 70 turn over their
holdings to the proposed organiza-
ton, each of the three elements to
receive a consideration in stock It
is estimated that the cost of the
works will be 100000 or more. The
grant board has $4,000 in hand
which it viii turn over to the corpof-
alton, If the plans carry. secured
either by bonds OF first mortgages.
and it is planned to raise the balance
by bonds. by mortgages or by stock
to the builders
Oddly enough. the financing OF the
project has been one Of the least OF
the obstacles-in its path. The divers
ity of the interests represented has
always been the greatest barrier, and
that they have at last been cemented
in one united endeavors is 8 master
stroke for those who have effected the
combination
Actual work on the project win be-
gin as soon as the legal process q
organizing is finished The diversion
dam already is built at a cost Of SONS
$4,000, and the ditch. throughout Ila
entire two miles of length, VIII need
only such repairs as would be repre-
! sented by a single years wear. 1na
base Of the reservoir dam Is practic-
ALLY laid. Thus the labor Is suhstan-
: TALLY minImized. The main dam.
when completed. win be 1000 feak
long at the top and 700 feet a ID
(Coafinued on page Fanr1