Rogue River courier. (Grants Pass, Or.) 1886-1927, 1911-01-27
PLANS FOR IRRIGATION
(Contsnued from Page One.)

Golden Drift litigation will put the
receiver In position to carry out.
The other is one whereby you will
turn over your bitches, franchises,
etc., to The Chicago-Rogue River
company for operation, through a
sale or lease. Either way The Chic
ago-Rogue River company would ex-
pect to furnish and make available
the sum of not less than $15,000.O0
for digging more canals and bitches
for use this season under some fin
ancial plan that is to be agreed upon.
In accordance with my statement
to you would say that this $4,000
spent prior to June 1, 1911, would
make a very substantial and ade-
quate system for all lands that
would be ready for irrigation this
season. My idea and general sug-
gestion would be to put the Fruitdale
ditch that you have constructed In
good order and do the same with the
ditch north of town. With this done
he low-line ditch on the south side
of river could be constructed, COM
mencing at point on some creek
or gulch that heads above the Fruit
dale ditch. In addition to this, the
gravity ditch could be started at Gill
bert creek and run as far as possible
with the funds available for expendi-
ture this season.
This manner of construction will
cover the most land in a short peri
cd of time and leave the slow and
most expensive construction through
the city of Grants Pass and the hill
side parallel to the Fruitdale ditch
for time later in the season, when
time and finances are not such an
object as at the start. The work
temporarily omitted can be done lat
er in the season when there will be
more time available for doing 1t and
raising additional capital and thus
insure covering greater amount OF
land by the beginning of the pres
ent season.
If you will carry out the first
mentioned plan and your company
operate the bitches, l purpose to
have my company cooperate and
help your company by first causing
the plaintiffs to furnish the money
to complete the repairs on the Gold
en- Drift dam and power plant and tc
undertake to raise and make avail
able for expenditure on the bitches
prior to June 1, 1911, the sum o.
5000, in addition to what money
your stockholders may furnish, pro
vided you will issue and turn ovel
to our company a series Of notes II
the amount of $4,000, bearing
per cent interest per annum, payable
annually, and running for term o
three years, all equally secured by
first mortgage on the bitches con
structed and to be constructed
franchises, rights OF way and othe
assets Of your company and receiv
from your company a written guar
antee that you will go ahead an
operate under the contract with tn
Golden Drift Mining company
which the receiver will be placed |
position to carry out. In the even
of the acceptance Of this propositio
you will be expected to allow the SUI
of $500 for commission and e'
penses.
In reference to the second plan
purpose that you sell out to tn
Chicago-R Rogue River company you
entire holdings and assets other tha
money, bills and accounts payable
for the sum of $4,000. A suggeste
manner OF payment would be fC
The Chicago-Rogue River compar
to issue a series OF notes runnir
for a period of five years In II
amount OF $4,000, bearing p'
cent interest, payable annually, an
secured by mortgage on u
dtches, franchises, rights Of wa
ETC.. held at the time the mortgat
Is Issued and what may thereafter
acquired.
AS soon as these notes are Issue
$4,000 OF the same are to be turn'
over to your company for distrib
tlon among your stockholders
otherwise and will be accepted
par and accrued interest at any tin
for the payment Of 80 per cent
any water rental charge or for q
payment Of any water right, shou
Il be decided to sell water righ
prior to the payment of'the mote
The balance OF the Issue OF not
amountingf to $4,000, shall be so
or held by The Chicago-Rogue Riv
company to provide a fund for I
a ~ n