Rogue River courier. (Grants Pass, Or.) 1886-1927, 1911-06-02
THE chicago ROGUE RIVER
COMPANY


of private capital and also the loss Of
in the meantime boherng board to raise $4,000 for
ditch construction $1OOOOO0 district look big
as old Greybak unless The further
away easier looks climb 1t is these unsettled condi
investment of money and makes business stag
would you tell the local public and people
appointed board the guardian of the public irrigation
matters Your company private pubic service corporation
same though As to the value of franchises,
appehend difficulty getting franchise if the occasion for
doing arises The franchises were not given TO you by the city
county SELL but Your claim to be the guardians
people gave gratis purpose of getting certain results We
such results and expected have to you for the
privilege.
In answer to paragraph proposition" say that
suggestion board of arbitration is not in point ALL You
practically
which refused There is business arrangement exist
your company and and do
make unless the such that it is clear that it
be carried out by my company The bitches require the mmed
definite What want have the bitches fixed
and extended If will not do willing and will try
to find to do it where money will be secure
your paragraph Fourth proposition" say
that should be made clear the public that have asked
Tor or wanted your dches for nothing nor have asked you to
give the property away contend that can give the public
better irrigation service by next than the people could get in
tract the Golden Drift plant invite the public to visit the
dam the and plant and the ditch connections de-
eide for themselves whether actually available
now in 1911, and not in the prospective
do not claim large financial rep
resent good substantial who have require
introduction Grants Pass They
customers in business and without actual figures have
son to believe We are today.
AS to statement about my getting Josephine stock
nothing and eorganizng the directory etc
will say that it is not liking
unfairly offered about 10000 shares your
vide All refused although ap
preciate them much These people right their
money back and able every invested
Your wanting your property without security
etc. misleading offers carried with them statement
fact that would have all constructed and
constructed as security You good you give and
@ oGG wd n% % a@y make water supply available for this year
LOT use ana is certainty the bitches cannot be used
without eXpendng them security under
such circumstances deprecae but would be better and much
valuable from year year
have repeatedly suggested that you us your bitches
@ III pynh theor an issue Of first mortgage notes, draw
lug interest ana secured by first mortgage the bitches
constructed and be running to your company
you could have the notes made negoab ma ue and Su con
enent denominations and distribute them your stockholders pro
cped Tor 90 per cent of would
equivalent to ready money to those using
ana convenient as the merchants all the
] @ % & ne & notes would easily pass at par and would ac-
sue would decrease yearly security increase in value
r, % " ' M H'Gmp TO 40 more than this and if you are still
the negotiations as far not question
as is to down irrigation If we were to take up
your system nov" that the hot upon us will very
u TO- give Eooi service and please all the people except those
actually under the bitches as it takes time
"E % onone ] In virgin territory This condition makes pm-
| important that your stockholders provided according
10 "e Investment and not on an appraised value of the prop
eT our only desire the bitches cheaply pos
@ & are ,To ways OPEN one is to go in the market and buy
UP your stock the other encourage your present inactivity
u5 % @ @ @ ,ne GnCnes unless can get them on basis that
up big system and don't by loss on the part
lour stockholders interested in having irrigation
anu we can all afford to wait for the our initial
ditch consuctontha only that will build up our valley
Nav uo % oe an tNpement but certainty trust your
stockholders meeting You viii have gooS a,tsndSrs s%sg 20"
Whatever you do please quickly so as to give me time to
fully Inform my people and the funds be forth coming
Very respectfully