Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1912-03-22
LIBERAL TERMS ON
W1TER EXTENT|0NS
OFFICERS OF IRRIGATION COMPANY
WILL BE IN TOWN TO Ex-
PLAIN 5 YEAR EXTENSION

The Journal is authorized to announce
that General Manager lays and Attor-
nev Ruick on behalf of the Idaho Irri-
cation Co. will be in Shoshone tomor-
row afternoon, Saturday. March %. TO
meet with the farmers of this vicinity
who are using water from the system,
10 discuss the five year extension that
the officers of the company are now
authorized to grant settlers who desire
It and explain the same fully to all in
terested.
The writer has not full information
concerning the plan to be outlined at
the meeting, but in substance it is
about as follows:
The company will grant an extention
Of all water payments up to and in
cluding the payment for 1915 which viii
not be due until April l. 1916, and back
pavnents now due Will be included
where the purchaser desires, and "
rate of interest on deferred payments
win be per cent instead of per cent
per annum. The only payments the
settler viii be required to make until
the 1915 payment will be the s per cent
interest on each payment as it be-
comes due For instance, = q purchas-
payment which will be due the 1st of
April, 1912, this year, then all he would
De obliged to pay on the next payment,
due April /, 1918, would be 8 per cent
on the amount of the payment then due
either 8 per cent ON s12O or s16O. owing
TO the date he filed on his land. On
April 1. 1914 he would have to pay
per cent interest on two deferred pay
rnents and so on until the regular pay
1nents commenced again on April 1,
1916.
IN addition to the above he will have
the maintenance charges of 35 cents an
acre per year to meet. The company
agrees to operate the system for the
go cents an acre until 1915 under this
agreement although lie actual cost is
quite bit more than this and If the
settlers were now operating the system
II would probably cost about 80 cents an
acre. After 1915 the company agrees
to operate at actual COST not to exceed
80 cents an acre, until the settlers are
prepared to take over the system.
The settlers who accept the extension
viii also have to agree to cultivate not
less than 10 per cent OF their land the
first year. 25 per cent the second. 40
per cent the third, and so per cent the
fourth season. This is to force specu-
Iators to pay money for improving or
water in order to hold their land and
works no hardship on the settler who is
living on his land and improving it, as
most of the actual settlers on the tracts
have a large part of their land in cul-
tivation at the present time.
The only concession the company asks
is that all damage suits for non-deliv-
cry of water for past years be dropped
This looks like a very liberal offer
and as if the company were making an
honest effort to meet the settlers more
than half way in endeavoring to reach
settlement that will be of benefit to
AN concerned.
The company has made some mistakes
in the past but the present officers have
authority from the stockholders to make
things right and if the settlers will come
forward in the same spirit there is no
reason why the entire system should
not develop with startling rapidity.
Under the extension system a settler
on forty acres and that is abundance,
not only for a living but for Independent
income, needs to have only small cap
itaI and a willingness to get down to
hard work and careful study to make a
success of his place. His payments for
several years win be only few dol
lars a year and by the time the regular
payments commence the land will pay
for itself and furnish him living in
addition if he uses little common
sense and good judgment
This meeting will be held at the court
house in Shoshone Saturday, March 23.