The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-17

sl25. 900 more bonds, which are, TO taMe
precedence over the bonds issued III pa
ment for their water. III these oo,
holders ever consent to such an arranse
ment as this, they are easier MARKS eiiser ~
we take them TO be Inc u,eiiio i.er,5 to
the corporation evidently don't ntenu VI
put up any more than the te" lI,ous.a,TTr
dollars they first spent 10 launcn tneit -
enterprise They want someoou9 me o.9necia cts lion
Of getting 1t ultimately out OF the iaIl, nm
crs-who have already, paid lor or u.b 9be
most OF the work which has give" 'i''
enterprise any real value, ,,
We don't believe there will be any 1hir
settlement OF this business until the OASIS OASIS
company is down and out OF inc "horo er
thing. II was evidently organized 70 e%
ploit the farmers and make a mlsntS
good thing for themselves, and the Ls,,ii,, suiIy
land board appears TO nave cheel i"''
aided them In their work.
Had Soft Snap
That they had a mighty good thing
is shown by the following hgures Ihey
have already sold at least $1,000 acres Oh
land for which the first payment amount
ed to $4,000. Their next payment we wos7g oTs
net them the same amount with S3o'St2
as interest, not on their investment. Hiha
you, but upon the total value OF vne at
| water-whlch the farmers have nor yea
received. AT the expiration OF the nine
years they would have received !otal
OF 1859, ,56i-prIncipal and interest, ABOUT
eight times the amount of actual con,
| this with only half their land sold. ii
| they should sell the balance at the same ,,
prlce-which Is extremely unlikely, ~ is
would draw over a million ana IIuinrd hn.i
dollars out OF the farmers OF Mlllaru
county. In addition TO this their CON
tracts with the farmers give them INC
power 10 assess the farmers FOR repairs
on their canals. Isn't that a fne propo,
slton for the state land board to stand
for, and won't the farmers be churnps
TO ever submit to II? The contract with
| h.,
fix a maximum price Of $40 per acre TOT
the and-a price they would undoubtedly
make when the farmers by their WORK
had increased the value OF all lana In
the tract.
What May Be Done.
We've got the finest lot of land down
here that lies out OF doors. The hnest
climate-it belongs to the farmers. The
best Of markets-they ore for the farmers.
An abundance of water-the farmers
must own that too-and their canals. ana
head gates, and an interest in the big
reservoir, We viii guarantee they VIII
look after them better than bunch or
St Louis or Salt Lake capitalists, whose
only interest is to make good thing
out OF the farmers. and speno as little
money as possible In doing II.
Let the farmers on the Oasis tract IN
corporate a company TO take over what
ever interest the Oasis company really
owns. From their interest must be taken
out the money already paid for the water
damages the court may assess against
them, and whatever is owing Tor work
done by the farmers: Let the farmers
issue bonds TO the Melville and Deseret
companies for their rights in the reser-
voir and head canals. Then let them go
ahead and complete the canals right and
sell the remainder OF the land AT a fair
price The water for the Melville trace
has cost about $40 per acre, including as
sessments up TO date 1t has cost the
Dcseret company less. Why should the
farmers on the Oasis tract pay more than
fnllr times that nrico1 E'nr no reaSOn eX-