Rogue River courier. (Grants Pass, Or.) 1886-1927, 1911-06-02
OFFERS DIrCHES, ETC,
AT THEIR Cash VALUE

dent of the Josephine County Irriga-
tion and Power company, George E.
Sanders, agent for the Chicago
Rogue River company, refused an Of
fer to buy the bitches of the Jose
phine company for $4,000, as had
been offered, and made counter
proposition offering to purchase at
actual cost of construction" Presi-
dent Gilkey and ]. G. Riggs, as Sec
retary, have addressed the following
letter to Mr.. Sanders:
Mr. George E. Sanders, as agent for
the Chicago-Rogue River company,
Grants Pass, Oregon.
Dear Sir-In response to your let
ter of May 23d, we, the directors of
the Josephine County Irrigation and
Power company, call your attention
to the following facts, and make you
the following proposition
First: Our company, composed of
numerous citizens of Josephine coun-
ty, have furnished and paid out
about $4,000 for surveys, bitches
and equipment, for the purpose of
furnishing water for irrigation.
Second: The property thus acquir>
ed and paid for by US has a consid-
cradle value, We think more than
$4,000.
Third We expended this money
and acquired this property on the
strength of contract with the Gold
en- Drift Mining company, whereby
Is was to furnish us water, but this
1t has failed to do because of insult
ficiency of its plant, litigation in
which 1t has become involved and
other conditions over which we had
no control.
Fourth: These failures, disappoint-
ments and delays have discouraged
our people to such an extent that
II is at this time extremely difficult
IL not impossible, to procure local
capital to construct additional
bitches, or to extend those already
constructed, and we do not, as in
dividuals, feel called upon to unduiy
urge our people to advance further
funds; nor do we feel disposed to
sell our property without assurances
that irrigation will be accomplished
by the purchaser.
Fifth: However, we do not wish
any excess of precaution on our part
to defeat the efforts of any respon-
slble and bona fide concern, and we
desire that any such concern have
the use of our property so far as
1t may be necessary, and have the
right to acquire the same at its true
value whenever it has shown itself
yourself our position, We make you
the following propositions;
First: We will allow your company
to use our bitches and equipment
during the present season as an in
tegral part Of your own system.
Second: At such time as you have
demonstrated that your company is
soundly financed, and is able to fur
nish water to the people of this dis
trict on a basis satisfactory to them
(the people,, we will sell, at its ac.
tual cash value, our property, con
sistng of our franchise from the
county, from the city of Grants Pass
our bitches, rights of way and con
struction equipment
Third. If we can not agree on the
price, we will submit the matter t
arbitration of any three responsible
and disinterested citizens Of thi'
state, we to choose one, you t
choose one, and those two, in cas-
they can not agree, to choose thu
third.
Fourth. We will also permit sait
arbitrators to fix the time of pay
ment and the terms thereof, as wei
as the character and manner OF pay
ment, and abide by their decision.
AS directors of our local compan
we are trustees of the property ac
Quired with the funds furnished b.
our stockholders, and We are not il
position to give any of this propert
away, nor to sell it, unless the pay
ment is adequately secured, and W
are, furthermore, under moral obi
cations, at least, to transfer 1t onl
to such a concern as can give ou
people a permanent, certain, adt
quate and satisfactory water suppl
for irrigation purposes; hence, w
as directors, do not see that we ca
make more liberal offer than tn
above, nor do we, considering tha
you claim to represent large final
cial interests and claiming to haN
financed your company on an adj
quate basis, think you should ask fC