In the early years of railway construction, the railway men planned to build their railway to haul out the timber up the Squamish Valley, but their charter provided for construction from the Squamish River right through to Lillooet on the Fraser, about 120 miles distant. By the end of 1907 ten miles of the line had been surveyed; by the end of 1909, sixty miles to Pemberton was completed. By 1911, the railway was becoming a reality and land values rose to $100 an acre. The railway company planned two townsites; Pemberton, and Newport (quickly renamed Squamish) but in 1912 the company ran out of funding. The Pacific Great Eastern Railway Company soon picked up the pieces and by 1912 advertisements suggested that one crop might pay for the "ideal little farms" created by the subdivision of the former John Currie property at Agerton. Readers were assured that "the day the railway arrives land will sell for $500 to $1000 per acre".