Mountain Home maverick. [volume] (Mountain Home, Idaho) 1906-1911, 1911-08-03
MILLIONS FOR IRRIGATION
Giant New York Corporation to
Throw Vast Sums Into Idaho
For Irrigation.

Idaho is destined to witness within
the next few years one Of the most
Important eras Of irrigation develop
ment in it's history. for the announce
ment is made on the most authentic
authority that the great financial in
stitution of Kuhn. Loeb G. Co.. of
New York, has taken over the Bull
interests in the big 100000 acre pro-
ject located south of the Snake Riv-
er and stretching from the Salmon
river to a point six miles west of
Glenns Ferry and will expend mill
lions Of dollars in It's development.
This means the retirement Of Buhl
and the introduction into this state
of probably the greWtest financial
concern in the United States, behind
which stands j. Pierpont Morgan and
other millionaires ready to invest
their fortunes in irrigation enterpris-
es
The deal by which Kuhn. Loeb &
Co.. take over the irrigation project
is now in such shape that, while prac-
tically closed. engineers of that com
pany have been sent into the field and
are actually engaged in looking 1t
over, running surveys and making
estimates as well as checking up the
figures of the engineers that report
ed so fayorably on the project to the
Buhl interests and as soon as this
work is completed they will report to
Kuhn, Loeb e. Co.. with the result
that if everything is satisfactory
they will be in a position to pro-
ceed with the work When 1t is
known that some of the best en-
gineers in the United States were
employed by the Bull interests to
go over this project and that they
spent months to perform the task,
reporting favorably, It Is not at all
likely that the Kuhn. Loeb Co. engin-
eers will reject the report.
The plans proposed and which are
in reality settled upon include the
construction Of one of the largest
Irrigation reservoirs in the world
through the raising on the big con-
crete dam located on the Snake riv-
er near American Falls. backing the
waters of the Snake river back ov-
er the entire townsite of American
Falls and 1t is said almost to Idaho
Falls. forming great inland lake
which can be drawn on for irriga-
tion purposes PRd assuring water
for the entire irrigation yea.
The canals to be constructed will
alone represent an investment Of mil
lions of dollars. The new company
proposes to have the project COM
plete In every detaol prior to settle
ment so that when the land is open
ed it will be ready for the highest
class of Improvements
When the Buhl interests, through
their agents, made a survey of the
project, engineers were kept in the
field almost constantly and when -he
work was completed 0 report was
made and accepted. 1t is known that
this preliminary work alone cost the
Buhl interests approximately $500
600
The project lies at the foot OF the
great Idaho-Nevada divide, being bor-
dar,d on the south by tile foothills Of
the range of mountains .hat form this
divide, on the north by thc Snake
river, on the east by the Twin Falls
South Side project and on The west
by what is commonly known as the
old Bruneau project. 1t is gerat
natural basin where the soil is from
40 to so feet deep. free from rock
and classified by experts as very rich.
Bull is the most important town on
the east side of the project. Glenns
Ferry and other towns are on the
north.
Agents Of Kuhn, Loeb & Co. have
been in Idaho since the deal enter
ed into for the transfer OF the hold
ing and they have not only looked ov-
or the land, but have visited many
Of the towns in the vicinity, includ-
ing Twin Falls and have been in
consultation with representative
business men, oficials and others in
Boise.
1t was the object Of the new con-
cern to make all preparations for the
handling Of the gigantic project prior
to issuing announcement. These
preparations are now said to have
been made.
The big financial concerns OF Kuhn
s-A-- a.--a4z- -.