Lincoln County times. (Jerome, Idaho) 1911-1919, 1912-06-06

hlllll tllt ~lllcr rt-ullltS pay Nli'ht7 |
of principal in accordance with the
language Of the original contract.
An explanatory letter accompa-
MED this proposition, giving in de-
tail the reasons leading up to the
presentation nf the same, and set
ting forth tine views Of the settlers
ON the various matters presented.
\ copy OF the letter in full i filed
with your secretary. In explana-
lion Of the various clauses present
,al, the letter rrcitc-:
The proposition herewith sub
miitcd has no reference To amy claim
for darmag,- arising ont Of the fail
urc Of your Company to furnish an
adrquair supply Of water during
19ll These are matters which
max hereafter hc presented or will
require adjustment hctwccd the
Company and the individual set
tier
The first provision Of the state
mcmt you Will observe j. the request
that the Company waive Interest
accrulng March 1T, lolU and l9ll
and 1872. In asking this we a.-
sumo that there was nut a complete
delivery of water during either "l
the years 1908, i3lO or 1911. Prac-
tically the same question has beer
determined by the United state
court in thc King Hi east. an'
nur own Supreme court passed upon
il Yesterday. Both tine Federal an'
STATE cumt- held substantially tina
ON contracts like ours the iuicrc-
docs not begin to rum unless waite
j. furnished at the commencement
ol the season and delivery mad
throughout the -'a-on.
The second section simply accord
to those who have alrradN paid. TIA
-annc consideration asked Ia h"ha
oi ll,o-c who have NOT yet paid
The third section las been -ui
cicnty emphasized Ia -elcctp.
1916 a. date for the ncNt dclcrrr
payment Of principal. We lave take
into consideration the exhaust
financial condition of Tire settle
thc necessity of bending every cilo
to the development of hi- land. m
We have concluded tiat an rarii
date would hardly Ice practical.
The fourth section of ihc prop
-, -ition l. not drafted with amy !"
tilitN toward the nonresident COW
cr- Of land. The settlers have
i'll will toward the spectators aI
- are perfectly willing that the Cos
pany shall extend to them whatc'
. consideration they may hc cuiltl
=. t. receive. 1t j., however. felt Il
in order to hc entitled +" consider
tinn at tine hands Of thc conipa
the settler should return some 'q
valrnt. We think the settler l- q
.,.h ing 81 10y placing his land in cu
,l vation and improving it, there
improving the security ON the 90
tract. We also believe that ,
;,n section will furnish an induccm
-, to Others to come and Join with
;aI in developing the tract and ia t
WAY will hr a benefit h"th I"
;no Company and to ourselves.
,ho While we have no ill-wlll tow
the Spcculator, we do not care
av put ourselves at amy expense or
-, convenience for their benefit.
realize that if we engage in lit
,,nn tion to adiudicate the rc,prr
nal rights of the Company amt the
a.. tiers. relative To interest raNm
or otherwise, these spectators
lor. contribute nothing To the exp
,n. of such litigation would dc
,,,., benefits equal with ours.
wing In submitting this proposition
iva. desire to emphasize the importa
s,t if not indeed the necessity, "l {
action. Many settlers are umwl
Nav to make further effort until
present uncertainty has been en-
Nav We do not wish To place amy