The herald., 1893-10-10
D. M. Frost, A. W. stubbs. Garden

Redfeld.
r. o. Richards, A. B. Melville. Huron.
s. w. Narregany, John 7. Williams,
Aberdeen.
mi smoA IDAHO.
: Thomas Babbitt and William Ingersoll.
MEXICO.
Don Jose Ramon de Ibarolla.
RUSSIA.
Constantin Comodzinsky.
David Golovneen.
FRANCE.
Rene Lefebvre.
+ Leon Philippe.
L. De Montgolfier.
ECUADOR.
Juan J.. Wright.
AMERICAN SOCIETY OF IRRIGATION ENGI.
M NEERS.
VIM. L. Adam.
w. @. Alberger.
Arthnr P. Davis.
VIM. Ham. Hall.
]. Il. Jones.
Geo. G. Power.
A. l.. Reed,
Chas. r. Rockwood.
V. j. Rowan.
Jas. d. Schuyler.
Geo. w. Smith.
+. e. Trask.
COL. HINTON.
Among the prominent arrivals yester-
day was Col. Hinton of New York.
Col. Hinton was for years chief of irri-
CATION inquiry Of the department OF
agriculture, but has been out of the
service for 20 months past. He is an
old Californian, and while he ia located
in the east he never forgets that he has
lived in the Golden state. Col. Hinton
conducts monthly publication in New
York and is the irrigation authority of
that section. He was seen last evening
and asked about his publication and the
prospect of placing irrigation securities
IN eastern markets.
my little publication" he said,
"has been in existence for four months,
and | am proud to say that its Office is
at the head of Wall street. 1t fights for
silver, talks for western interests and
supports irrigation.
being convinced that market was
coming [ determined some time since to
publish the little monthly. I am en-
forcing the money value of irrigation
progress"
lis there any indication of a market
for irrigation securities 2"
"Yes. l can tell you now that one
is coming. There is already a quiet,
though strong, interest felt.
81 know positively of adozen proper
ties that have been successfully placed
among small investors in spite OF the
hard times and severe panic.
"As q matter of fact the large deals
common few years ago by which west
ern investments such as railroads, etc.,
were taken in block, are now seldom to
be heard of. If banking or brokerage
firm take charge of any such enterprise
it is generally upon long margin of
time as well as money. They do 80
because they have long list of local
brokers and agents who depend upon
their judgment for the value OF bonds CT
stocks and upon whom the New York
houses depend for the placing in small
parcels of large quantities of said bonds
and stocks.
ut is because of this process that
where irrigation securities are ever
brought upon the eastern market they
will have commanding position.
II believe that all of your irrigation
bonds will be successfully placed ere
long among eastern investors.
1.-The clouds OF panic are lifting, the
boarded currency is being brought into
circulation, and neither politicians or
bankers can much longer keep eastern
enterprise in the soup. Therefore | am
banking on my little newspaper enter
prise and my personal efforts on the as
surance OF coming market.
II expect to be there and will do my
best to help all honest enterprises that
may present themselves.
Il am very glad to be in California
again and to see Los Angeles looking so
prosperous. l find many improvements
here since 20 months ago, and as an old
Californian am proud OF the progress of
the state."
EDITOR sMYTHE.
Mr.. VIM. E. Smythe, the editor of the
Irrigation Age and secretary of the ma
tional executive committee of the irriga.
tion congress. was seen at the Holen-
beck last evening aud asked for his
opinion upon the outlook for the con-
grese.
"All indications seem to point to a
successful convention. The interest in
the proceedings will be general through
out the country, as is evidenced in ad-
vance by the general discussion in news
papers and magazines provoked by the
call. The people are beginning to re-
alize that irrigation ia soon to assume
tremendous Importance aH q social, in
dustrial, political question.
s'The programme arranged covers a
wide variety of topics. and will be in
teresting from beginning to end. The
presence OF the foreign delegates is sig-
nifcant of the worldwide interest felt
in irrigation. Outside of the various
papers and addresses. the two great
points of interest will be the discussion
OF the district irrigation law of Califor-
mia and the arid land policy.
both are certain to provoke ami
mated debate. My own forecast of the
result will be the endorsement of the
district principle, accompanied by the
suggestion of needed amendments, pos
sibly in the direction of state supervis-
ion and control. 1t is great California
experiment, and public interest in its
results extends everywhere.
''As to the arid land policy it is nv
earnest hope that the friends and op-
ponents of the plan Of cession will agree
to send the whole matter to an impair
tial commission composed of an equal