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Pr0-^sptiQg privileges were restored aind within thirty-fiye days of the declaration sixteen men held most of the valuable land between the Capi- lano River and Horseshoe Bay in 160 acre blocks#^ At this time there was speculation that the Canadian Pacific might terminate on the north shore, Even with the completion of the line to Vancouver real estate remained high due to the optomiam created throughout the lower mainland by the arrival of the railway.^ In I89t, West Vancouver, with a substantial population^ and val^iable real ©state became wards one and two in the West Capilano District of the newly incorporated Municipality of North Vancouver, Organization as a district of the municipality promised increased potential for develoiaaeat and a road was proposed from Deep Cove to ^agle Harbour* In 1892 a bylaw authorizing construction of the road was passed. Due to a financial depression throughout the prorinc©*^ the decade from 1892 to 1902 was a period of relative'stagnation in the District of West Capilano. Road con- etruction was delayed due to economic uncertainties and a great deal of land reverted to the municipality in lieu of taxes. 1903 brou^t increased optimism, road building was stepped up but expensive loans and a series of washouts of bridges over the Capilano River hampered road construction in the district. A land iocm bit West Vancouver in 1905, narking the beginning of the first significant era of growth and drastically chanring the nature of the eOBaoiinity. Froa 1905 onwards West Vancouver began tha process of 4 Walden, op, cit.. p.24. ^ Nicolls, Real Estate Values in Vanopgver. Vancouver City Archives, iyp4f p»5» 6 KstiMtes range froa 150 to 200 people thou^ no formal record exists for this tine. 7 Walden, op, cit.. p.26. • • •3*