Rogue River courier. (Grants Pass, Or.) 1886-1927, 1911-02-17
PRES. GILKEY STATES PLAN FOR
UNITING INTERESTS.
FOR IRRIGATION DISTRICT
Offers to Lease Present bitches to
the Chicago-R Rogue River
Company.

position of the Josephine County Ir-
rigation and Power company in
answer to the proposition of Geo. e. |
Sanders, of the Chicago minority |
stockholders of the Golden Drift |
Mining company. These two COM
panies have been trying to get to-
gether in a deal which may be mu-
tually satisfactory. The farmers of
this section are deeply interested In
this matter and there is a general
desire that an agreement be finally
reached, as irrigation means much
to many farmers, as well as the peo-
pie generally of the city. 1t will be
noticed that President Gilkey keeps
the idea of an irrigation district in
the foreground, as this appears to
be the demand of the people inter
ested in irrigation. The counter
proposition is as follows:
Mr.. Geo. e. Sanders, Agent,
Chicago-Rogue River Irrigation
Company, Grants Pass, Ore.
Dear Sir: Carrying out the instruc-'
tions of the directors of the Jose
phine County Irrigation and Power
company, beg to submit the follow
ing statement;
Q.) We will consider favorably
the leasing of our bitches to your
company for a period of one, two or
three years, or until such time as an
!. irrigation district is formed and
ready to be taken over The COM
pensation for rental shall be nominal,
only enough to carry interest, taxes,
etc.
; Cd You to furnish sufficient
money to enlarge, extend and COM
plete the bitches already started to
the extent Of $4,000 to 5000, for
which stock in the Josephine County
Irrigation and Power company shall
; be issued to you This proposition,
however, being conditioned upon
your giving us an option upon the
water right and plant of the Golden
Drift Mining company, approved by
the several parties interested and the
court. The price Of same to be fixed
by board of appraisers in the event
of the contracting parties being un'
> able to agree thereto.
D The property of the Josephine
County Irrigation and Power com
pany, including franchises, rights Of
y way and the large amount % worl
: given to the enterprise without cost
represents mucn greater value thar
the stock outstanding. You, there
fore, would be receiving good valu,
in making your investment for thu
extension Of the bitches and receiv
ing stock therefor.
This proposition is made to yol
for the purpose Of giving you an op
y portunity OF putting your compan,
y on a substantial business basis a
well as to relieve the present deman,
u for irrigation, looking, however, I
'e the formation OF a district when al
the properties above referred to shal
. be turned over to said district when
ever same has been completely oil
o. ganized and financed.
~ Matters OF detail to be agreed NJ
on later, and subject TO the approvt
Of our stockholders.
The whole proposition Is base
upon the premise or no existing col
c. tract between the Golden Drift Mil
IN Ing company and the Josephir
er County Irrigation and Power con
re pany.
rs Your early consideration and a,
n vice In connection with this propos
ng tlon will be appreciated. Sincere
OF yours, II. L. GILKEY,
Presldeu