Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1902-07-11
BIG IRRIGATION DEAL
Consideration Is 100000
Dollars.
HOW 1T CAME ABOUT
A. X. Steunenberg and j. II. Lowell
Sell Twin Falls Stock to
S. B. rliIner.
HOW 1T CAME ABOUT

A. K. Steunenberg and J. Fl. Lowell
have sold all the stock held by them in
the Twin Falls Land & Water Company
to S. B. Miner of Salt Lake for $l0l 900.
Thew have received s2l 900 in cash and
are 10 receive $50 900 during the next
three years. These deferred payments
are to be made in property under the
great irrigation system.
This deal is a very important trans
action. II involves half the capital
stock OF 5000 less five shares. The
matter was closed up in salt Lake Tues
day, the sellers being represented by w.
L. Borah, who went to the Utah capital
for the purpose. S. II. Hays, Mr.. Mil
ner,s attorney in the matter. was also
present in Salt Lake when the deal was
closed. Mr. Borah and Mr.. Hays re-
turned yesterday.
Mr.. Miner, the purchaser is man of
large means and is prepared to 60 right
ahead with the work. 1t is probable
that William H, Dove. the New York
fnancier, will be associated with him in
the matter. 1t is Mr.. Dove who con-
trolls The Shoshone power plant project,
and the deal, if the present plan is car
ried out, Will unite the two enterprises.
There are others standing ready to take
an interest with Mr.. Miner, and the
latter announces that he will prosecu e
the wolk on the great undertaking as
rapidly as possible Temporarily he
proposes to pump water for the reclaim
alton of tract OF the land, in order to
avoid danger of complications respect
ing the ;itte. but the work of damming
the river is to be begun as soon as con-
ditions will admit.
HOW 1T CAME ABOUT,
1t is of some interest to know how
this deal came about. In order to ar
rive at an understanding of that, it is |
necessary to make brief review Of the
project
The possibility Of taking out canals for
the irrigation of an immense tract of
very fiie la I'd lying on.l h sides Of the
Snake river in the vicinity of Shoshone
Falls was called to the attention OF State
Engineer Ross something more than
three wears ago by L. B. Perrine. He
was so impressed bv what Mr.. Perrine
said that he made a reconnaissance and
f jund that it was feasible to take cut
canals, at a point called The Cedars,
some 20 miles above Twin Falls. Mr..
Ross followed this up by calling the
matter to the attention of others, who
proceeded to organize company for re-
claiming the land under the provisions
'f the Cary act. Governor Steunenberg
ook very active interest in the matter.
loing every thing he could to bring
bout Success of the project. which was
II so much importance to the stste.
When it came to the segregation of Z
he tract OF land, it was found that the Il
'roject was seriously hampered by the t
'ithdrawal OF a large tract for national P
ark surrounding the tails. After o
reat deal of work. the cancellation of
hat withdrawal was brought about and II
hen the tract, covering pa, ,020 acres, o
as segregated to be reclaimed by the
ompany. n
survey was made of the proposed 81
'nals and dam under the direction of q
d. J. Wiley, the we'll known hydraulic 81
lginee-. He estimated the cost of the Il
roposed system at 81 500, GOO, and he oil
und there was about 220.442 acres of gr
able lard that could he covered from cl
e c nais. the major portion of 1t lying OF
} the south side OF the river in Cassia &c
UNITY. m
The next problem was that of financ- IN
z the enterprise. Mr.. Miner had be- e.
me interested in the project and set
out the work Of raising the reeled La