Rogue River courier. (Grants Pass, Or.) 1886-1927, 1910-02-18

'hO iOSNiFCi SoJo bhoI i"ob HAOh'h ~N
estimate of the cost and improve
ments necessary was made up and
put In the hands Of the attorney for
the receiver, whose duty 1t Is to take
the matter up with the court at an
opportune time, and the sale OF these
certificates will provide the money
necessary to pay for the materials,
labor and other necessary expendi-
lures. AS soon as these certificates
are authorized, they will be offered
to local investors, the banks or any
others desiring them, and at the same
time offered to the stockholders OF
the Golden Drift Mining company
some seven hundred in number, who
have already expressed themselves as
willing to advance funds necessary
to bring about irrigation, provided
tangible security is given them,
such as the certificates afford, they
being first lien on the property.
In connection with this, the re-
celver states that the repairs already
made, and the preparation work al
ready done, has been done by ad-
vances OF himself personally, and
through the aid of the local mer-
chants, who have come forward,
whenever requested to do so, by ex-
tending all the credit asked for.
Mr.. Sanders states that he would
have asked for receivers certificates
at an earlier date for an amount
equal to the temporary needs, but on
advice OF counsel, A. f. Reames, the
matter was held In allegiance until
such time as 1t was determined Just
what would be done, he not wishing
TO create two series OF such certifi-
Gates; and he further did not wish
to needlessly ask the court for such
AID while the question of the valid
ity OF the receivership was pending.
the question having been raised by
the four demurrers filed by the de-
fendants, which were, after a hear
ing, overruled by the court.
The receiver states that II would
be better that the water users, busi-
ness men and the public generally
should understand that the litigation
Is not OF a character that affects, in
any way, the operation OF the Jose
phine County Irrigation and Power
company, inasmuch as It is strictly
a suit OF stockholders for an account
ing as among themselves, and that
these contesting stockholders desired
to respect their relations with the IT,
rigation company, as we'll as the pub
lie generally,
In this connection Mr. Sanders
says that the stockholders OF Chicago
nave lately had meeting at which
over two hundred stockholders were
directly represented, and that such
meeting approved Of the litigation as
II was conducted, and elected seven
OF their most substantial and renre.
sentative men as a new committee
The president OF the new committee
has authorized the receiver 10 saw
that they Will, II II ls wanted. nm.
prove a statement setting forth their
attitude as that Of being friendly and
cooperative with the local irrigation
company, inasmuch as they respect
the investment they have made. and
are willing to do all things necessary
aud consistent that can be done 10
promote that interest, as the only
ann OF the receiver and the other
stockholders ia to, at as early a date
as possible, conserve the assets that
the Golden Drift Mining COMPANY has
and to provide n way whereby All Ie,.
itlmate claims will be taken care Of
ana to get the company. as soon as
POSSIBLE on a commercial basis IN
which event no one. except them.
selves are affected
AZ the present time there are ton
men employed at the dam. and dur.
ng the past few weeks there have
been as high as twenty-tour men ON.
'loNod As soon as the receivers
certificates are granted this force viii
be Increased TO Nst as many men
.s can possibly be worked ADVANTAGE.
lusly
During the past two weeks tho ro.
''vor has had q local engineer NJ
'pntc, Elias Ruud, make a complcte
nr'oy OF the structure and the olo. /
atlons, aud the receiver already ho,I