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Show EUREKA X PALISADE RAILROAD REDEEMED BY THE COMPANY The owners of the Eureka Palisade railroad have redeemed ths property, which was sold six months ago to the United Status Smelting company under foreclosure proceedings for debts Incurred. In-curred. The redemption time expired on Monday and ths owners wsre on hand with the money to tske the msd over-Ueorge over-Ueorge W. Helnts.. gene raj manager of the local mine and plants of the United Htstes compsnv, bid the road In last November. No-vember. Hla bid was $77. JUS. 41 and the oniy object he had In making the purchase pur-chase was to place the road In condition so that operations could be resumed and he could get an outlet for the ores from their Eureka mine. These ores were shipped to ths local smelting plant and are Willy needed here now. In addition to this amount, the accrued cost and Interest In-terest Is said to have amounted to from 9ftoo to 910.000. This railroad is shout eighty miles tn length and was washed out badly In several sev-eral places a couple of years ago. At the, time it wss estimated that about SO per cent of the line would have to be rebuilt. re-built. It is a narrow gaugs and waa not : In a very good physical condition at 4 he time of ths washout. Since the owners have redeemed the property. It 'ta quite clear that It will take some time for the company to reorganise and do the proper amount of financing to place the Una in first class condition, flame of the men of thst camp taks rather a gloomy vtew of the situation, claiming thst, aa an estate Is Interested in the line, a considerable consid-erable amount of court proceedings will be necessary to get the mstter In proper form to comply with he law. It Is said that probably another year's time will be consumed In getting things In shape before reconstruction can be started. The old camp of Eureka was one of the bonania camps of Nevada tn the early days. All the operation were suspended sus-pended when the railroad wsnt out of commission. Pi nee that time other properties prop-erties in proximity to the railroad have suspended. Notshe among these la the Buckthorn properties, which ara hlng developed hy George Wlngfleld. i;nt fl the railroad fines again starta Its trains the mines of Eureka will not attempt to rem i me. |