The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-01-05
MAMMOTH RESERVOIR
It Is Now Proposed by the Ri.
reGtors TO Do the Work
Themselves.

Mt. Pleasant. Jan. Another very I'M
portant meeting Of the board of directors
and number Of the stockholders of the
Mammoth Reservoir company has been
held this week. and as a result another
radical change in the affairs of that
great enterprise has been announced
1t mas Deen the intention of the d.
rectOrs of the company for several months
past to turn the construction work on the
reservoir over to a syndicate of capital
lists from the east which had proffered
to do all work necessary for bringing the
water into this valley, meeting all eX-
penses connected Herewith, providing the
farmers and landowners Of the valley
would give security for and guarantee
to furnish Sj00.000 as payment for the
water when IT was brought TO them, at
mis- syndicate considered that IL should
be allowed that enormous sum for the
reimbursement of the money already eX-
pended there for the completion OF the
work and for its profit. The security re
quired from landowners was to be Such
as to make the paper negotiable at any
bank.
At the meeting this week the directors
came to the conclusion that If this syndi-
cate could erect the reservoir in that
way they could do the same thing them
selves; that If the farmers were to give
( the security to supply the means for con-
structiOn they might as well leave the
syndicate out and reap what profit mad
Deen figured on Tor themselves. Accord
ing 10 estimates made this profit and
other savings that could be made by leaV-
ing the syndicate out would amount 10
nearly 30 per cent of the cost al estimated
( by the syndicate, something like $4,000
So the proposition as decided upon by
! the directors, as it now stands, is &c
raise the money by means of the same
security demanded by the syndicate and
construct the reservoir themselves. An
other change decided on is that but very
few laterals viii be necessary at the pres
ent time, as investigation has disclosed
that the water can in nearly all in
stances be conveyed through channels
at-eady existing. This means another
great reduction from the cost as original
" estimated. The committee which has
the matter in hand is labOring aSSiduCuS-
ly in behalf of this latest plan. and there
Is every reason to believe that il will be
carried TO a successful conclusion If il
IS Il means $1,000 acres more of land UNI
der cultivation in this valley. or nearly
double the present area. This city vii
be the scene of the next move. when 2
I strong attempt will be made to get loca
iinanclers and business men interested.
One piece of information was brought
before the meeting that caused consider.
able dissatisfaction and created no little
alarm. That was the action of some o.
the. stockholders from Juab county il
trying to secure the water for that sec
ton when. at the last meeting previou:
to this one. they had officially relin
pushed all right to the reservoir, owing
to the fact that the latest estimates gave
! it positively that there was not enough
water to supply both counties, and tina
Sanpete county was entitled to the frs
working with citizens along the western
! portion of this valley in an endeaVOr Il
have them join in this move. What ,hI'
VIII result in remains TO be seen.