Elmore County Republican. [volume] (Mountain Home, Idaho) 1910-1915, 1911-04-01
New Time Editor Makes Attack on E]more If.
rigation Company In Effort to Thwart
Plans Of Water Users.
BOARD OF DIRECTORS ANSWERS CHARGES
Indignant Remarks Heard From All Sides and New Time Editor Made
large. Of lnkind and Harsh Words


issue more than one half its stocl
until he is paid.
Taking the local papers own fig
unes OF Hewitt's holdings, $110 OO(
Mortgage. $138 900 notes. S4,OOO( { p
acres water rights, the Company feels
that 1t has made good bargain tc
get all of this for $4,000, and have
nearly two years in which to pay.
The attorney for the Company has
copies OF all contracts with Hewitt
and any stockholder may examine
them by ealMng at his office
1t is absurd and ridiculous at this
late date to contend that Hewitt nev.
er loaned more than $4,000 to the
Great Western. When the foreclos-
ure suit was tried, there were oppos-
ed to Hewitt the following attorneys;
Judge Perky, Judge Koelch. Messrs.
Sullivan, Wyman, Wolfe, Howie and
Watts. These attorneys, each and
all, made earnest effort to secure evi-
dence that Hewitts mortgage was
for a much greater amount than the
actual cash furnished, but in this ef.
fort they faiBed. and the Count found
that Hewitt had actually loaned $780,
900, and gave him Judgment for that
amount with interest; 1t is therefore
now too late to question the amount
or validity Of Hewdtt's claim.
What about the $125,O0O of stock
that F. D. Adams and his associates
are to have!
In February, 1910, Mr.. Adams
through conversation with one. Win
Mortrude, learned of the conditions
existing at Mountain Home; the in
solvency of the Great Western; the
failure to complete the system; the
lfdgation tying UP the system; the
serious condition of the settlers due
to their failure to get water, and the
various other ills that beset the peo-
pie here. Mr.. Adams conceived the
idea that he could pull this thing out
OF the hole; that he could unite the
water right holders into a company
that could take the system over; that
ne could end the litigation, finance
the project and complete a system
that would irngate the lands of those
who held water rights under the Great
Western system.
He secured from Mr. Mortrude a.
INST OF the water night holders I'm
Seattle and succeeded In getting them
together at public meeting. At this
meeting he Laid his plans before them
and urged them to organize a COM
oany along the lines above suggested.
He proposed cash consideration for
his work, but they had no more cash
% give away as they felt they had
Lone In making investments at Mount.
lin Home, and besides, they had Mttle
confidence that Adams could unite
he water right holders and put his
'lans on substantial basis. He then
proposed to them that If they would
'ecome stockholders OF the company
Ind join dh his efforts to carry the
hing through, he would undertake
for block Of the stock, and 1t was
inally agreed that he should have
and ) per cent OF the capital stock
4 the proposed company, he ito per-
orm all the legal services for the
ompany, unite the water right hold
rs, and promote the enterprise until
was secured, the bonds
laced and the system completed
ir. Adams was to employ all counsel
nd assistance needed at his own ex.
ense. paying for such services from
is own stock.
Now let us be honest In this mat
or. What was that stock worth when
lis agreement was made with Ad !
ms? Who beside himself had any
onfidence I'm his success? Who liz G
here i'm this community that would
ave given $25 for his entire block
stock and taken the Job off his
ands? Is 1t worth anything now?
lit is, 1t Is because CT the worl.