The promise of a road to Eagle Harbour stimulated a new surge of pre-emption and other land speculation. A syndicate headed by the Burrard Inlet Coal Co. promoted the sale of residential lots in the City of Newcastle. This was the name used to describe early West Vancouver; the company also claimed the existence of a substantial coal deposit. Like many promotions of the time, the scheme evaporated, as did the proposed road construction. The severe depression of the 1890’s dried up the land speculation.