Arizona republican., 1906-12-09
Total

Total ............ ........ t.2oo.OO
 After this presentation MT. Fowler
 addressed the meeting in behalf of the executive committee. The important
 point to be made was the need of an assessment and the size of it. He call-
 ed attention 10 the fact that this as-
 sessment is designed to cover all costs
 from now until the property will prob-
 ably be turned over 10 the governpent.
 That may be next May. but most like
 ly not until next october. To either of
 the above estimates therefore. should
 be added s25OO for zanjero service from
 May to October. and fixed charges
 amounting to s745. The total necessary
 to raise therefore, will be approxi-
 mately s1O.O00. In one instance a little
 more. in the other a little less.
 The matter of the assessment had
 been thoroughly discussed by the
 board. With a fifty-cent assessment.
 the Arizona canal could be repaired. and money left for administration and other purposes. but that would be but small relief. With 75 cent assessment a dam could be built. perhaps. but It
 would still leave an empty treasury. with nothing to finish cleaning the low CT canal and with no money for fixed charges. There is now outstanding, 12539 shares of stock. A little of 1t. perhaps. will drop out, unable to stand the assessment, but very little, and 1t is hoped, none. With a dollar assess ment. the board believed that all nee essary improvements could be made. the fixed charges paid. and there would be money enough beside to pay for finishing the cleaning of the Arizona canal here in the valley. In that event. the water users who have al- ready assessed themselves and paid twenty cents an acre in the work of cleaning, would of course be credited that much on their dollar assessment. The management therefore favored facing the music bravely. making dollar assessment and thus at one stroke provide for every expense. un- less by some extraordinary and unex- pected disaster, far more serious than the present expected difficulty.
 The speaker said the board believed in frankness. in telling the situation in all it's painful details. then acting as instructed by the stockholders. after their full understanding of the case, and in accordance with whatever funds should be provided. He reviewed brief ly the history of the organization. and it's achievements, the building of the Extension. the hard work done by all. the financial crises and how they were met. the improbability that the men who carried the association before would be in a position to do so again. especially the merchants concerned and the necessity of doing business on A cash basis. He said that the gov ernment when it did take charge, would neither assume or pay the asso- citation debts and the latter should be ready at all times to make the trans fer. He said that the government might later help with repairs. but not at present. or until 1t takes charge. and then only at actual cost. At this point he said though. that he had reason to hope that if the building of the new dam were undertaken. the nee essary cable from the rock butte across the river. and perhaps a gasoline en- zine could be secured from the govern ment for the expense of removal and placing. If this should prove to be true it would cut in two that item in esti- mate No. 2. which would make a saving ar A margin of safety for some other possible incorrect estimate. He referred also to the fairness of finishing the cleaning of the datch and the advan- tage of a consequent greater flow. He spoke also of the sacrifices that had been made by the farmers; that they were appreciated and that no money would be carelessly handled or fool ishly spent. He contended though. that to save the present investment. it were safer to make the assessment a dollar, and cover everything.
 Walter Bennett. attorney for the as- sociation. was called to the floor sever al times to explain legal phases of the situation and the provisions of the arit- cles of incorporation, the stockholders