Daily independent. [volume] (Elko, Nev.) 188?-1915, 1913-07-17
served and used by the works pro-
posed to be constructed.

Francisco, and one of the stock
holders there, has come up with
Mr.. McClelland to 60 over the
ground and interest the irrigators
in the project. AS the works will
benefit them, and in time be all
turned over to them, it is for their
interest to secure the benefits to lie
derived from them as much as pos
siple. There are about $50 water
users in the valley now. An aver
age investment of S250.O0 each
will raise all the money needed to
carry out the plans Under the
Carey Act. The project is going
through,-with outside capitol to
help carry it along if sufficient wat
er users do not take it all.-and in
any case it will not need all of the
water users to finance it, for there
are ITS, 200 acres of land under ir-
rigstion in the valley at one dollar
an acre for insurance against liti-
cation and for a certain supply of
water every season that the COM
paDy can furnish under it's plans,
balf the land brought into it will
furnish all the capitol needed.
The company is to use a system
adopted in other projects that are
started for public benefits. All
moneys paid by the water users
will be placed in local banks in
trusts.
A board of three Trustees select
ed by the subscribers from among
themselves will have charge of the
deposits. and no bills paid except
approved by them. Should the
project be abandoned at any time,
the money will be returned to the
subscribers in proportion to the
stock subscribed. While there is
very little likelihood Of this occur
ing, there is no fear of the sub.
scriber losing his money if it did.
Under the subscription plans, to
those irrigating lands under the
system. for each share of stock
they take, (par value $1,000 a
share,) the company will deliver
full supply of water every year
forever without any additional
costs, and chance to secure more
water or additional lands at rs
per cent Of what will be. charged
to outsiders; while to those irrigat-
ing lands above the System, for
each share the company will insure
the irrigator against litigation for
ten acres of land now under ir.
rigation. and right to use water
for irrigation of new lands at half
the cost per acre the works will
cost for Carey Act lands.
Action taken last winter upon
the right of the company to the
surplus waters of the valley has
placed it where the attorneys say
the rights are unassailable; Judge
S. G. Denson for twenty years of
the Supreme Court of Sacramento
only accepted a place on the board
of Directors of the corporation
after going into the legal points
thoroughly and satisfying himself
upon that as well as other points.
That as the last point to be decid-
ed before pushing matters along
and now that has been done, it is
up to the water users to take ad-
vantage of what is being offered
them before it is too late. MIR. Nc
Clellan states that the water will
be called upon by representatives
Of the company soon as possible,
and subscriptions received until
! a sufficient amount has been SUBJ
fScribed to carry out the plans,
when no more applications will be
received. As this will be far less
than necessary to cover the valley,
only the first applicants can be ac-
cepted. These applications are to
be offered at all parts of the valley
in proportion to the amount Of
land under irrigation, so no one
part will secure a monopoly over