Mountain Home maverick. [volume] (Mountain Home, Idaho) 1906-1911, 1911-03-30

Mr.. Adams has now retired from any furth-
er active part in the affairs OF the company.
his contract has been assigned to Mr.. Watts
who undertakes to perform the services re-
quired of Adams.
Suppose Adams and Watts did hypothe-
cate some of their stock. 1t is theirs to do
with as they please and the very fact that
they are able to raise money on it is proof
that some of our people have faith in the
proposition and believe the stock to have
value.
Now let US look as to the value of the
system. for it is asserted by the local paper
that when we agree to pay Hewitt 100 cents
on the dollar of the face of his mortgage"
and the prior liens and certificates, approx
imatey $4,000 in all, we are paying at
least $12O,0 more than the system is worth
and that paper asserts that according to
the best authority the system could not be
appraised for to exceed $4,000
We must be sensible in these things and
not allow our prejudices or our desire to
knock to blind us to the actual facts.
The Great Western owns 500 second feet
of the waters of Lime Greek that are prior
to any of the government rights under the
Boise-Payette projects and proir to any other
rights on Lime creek except it be the early
early rights in Boise Valley to the waters
during the irrigation season. say after July
first. Said company also owns prior rights
to all the flood waters of Little Camas and
Cat Creeks enough water from these three
streams if properly impounded and conserv-
ed to irrigated $1,000 acres of land.
Are these water rights worth anything?
The Great Western owns a reservoir site
at Little Camas capable of impounding go
600 acre feet of water and another site at
Long Tom. Are these worth anything? The
Great Western has dam at Little Camas
capable of holding and impounding 10000
acre feet of water This dam is essential in
the plans of the Elmore Irrigation Co. and
would be to the plans of an irrigation dis
trict, and is worth to either the Company
or district at leas $4,000. The Great Wes-
tern owns IA miles of ditch running from
Little Camas to Long Tom, which ditch, Mr.
Adair tells us has considerable value to
any company or organization that undertakes
to enlarge the system. He thinks the Com
pany would be justified in paying from $780,
600 to 100000 for the system as it now
is as a nucleus for our enlarged system, and
this particularly in face of the fact that an
attempt to condemn might involve in lit
If we proceed to condemn the system the
court, jury or commissioners appointed by
the court, will inquire into the matter abou'
as follows:
l. What did the system cost? The records
of the Great Western and the contractors
who did the work will be called on for thi
evidence.
2. What is it worth as nucleus to al
enlarged system? This evidence will come
from surveyors and contractors who are abb
to estimate how much saving the present sys
tenn will be to those who wish to enlarg
it,
8. What is the market value of the pres
ent system? That is, what is anyone Willing
to give for it? We assume that the certihcat
/, holders would be willing to give $4,000
the amount of the certificates and Interest
Mr.. Query and his co-laborers, in order t
save their claims would give $4,000 becaus