The Twin Falls times. [volume] (Twin Falls, Idaho) 1905-1916, 1913-12-30
Association Repudiates Work Of
Directors
MEETING HELD AT HOLLISTER ON
DEC. 20, WELL ATTENDED.
Entrymen Unwilling to Enter Into
New Contract-Insist That Original
Contract be Carried Out

the proposals which, as the result of
several conferences with a commit
tee of bondholders at which the es-
sential needs and requirements of
the project were thoroughly discus
sed, were drawn up by the direct
ors of the Salmon River Settlers Ass
sociation and their attorney, to be
addressed to the bondholders, who by
the retirement of the Kuhn interests
have come into possession of this pro-
ject and who wish, according to their
announcement, to place this project
on sound, substantial basis with the
least possible delay.
The session was called to order by
Fred w. Berger, president of the asso-
citation, who explained the object of
the meeting, caused the proposals to
be read, and recounted the circum-
stances which led to their being for
mulated. These details were reported
fully in last weeks issue of The Her
aid. Mr. Berger suggested that the
proposals as drawn up by the directors
should have such amendments as
were suggested by the sense of the
meeting, but urged that with such
amendments and changes as were
deemed necessary they be adopted by
the entrymen, and submitted to the
bondholders for their consideration at
the meeting which takes place in New
York City on New Years day.
Opposition sprung from several
quarters. Mr.. Berger plead eloquent
ly for the success of the proposition.
He urged that the bondholders be not
handicapped from the start with the
distrust and suspicion of the entry
men; he expressed his confidence in
their sincerity of purpose; he urged
the disadvantages of taking the pro-
ject into the courts,-the uncertainty,
the delay, and the expense; he urged
the principle of the entrymen making
concessions If necessary to obtain an
immediate and satisfactory adjust
ment of these problems; but all in
vain Motions to reject, amendments,
substitutes, came thick and fast; soon
there was nothing left of the earnest
1abors of the board except the frag-
ments The proposals were finally re-
jected entirely, and committee was
appointed to draft resolutions embody-
ing the sentiment of the meeting. The
committee returned after a few min
utes' de1iberation with the following
resolutions, which were adopted-ac-
cording to the secretary's report
unanimously:
First: We thank the bondholders
for sympathy and assistance preferred
and are glad to see them take over the
system;
Second 1t is the consensus of this
committee that this tract be cut down
to thirty-five thousand acres with
present supply Of water;
Third. We are in accord with you
in securing immediate title to this
land;
Fourth: We realize that immediate
action must be taken to avoid a re-
Aceivership and long delay;
Fifth: We are heartily in favor of
an economical use of water;
Sixth: We would be glad to appoint
committee to confer with the bond
holders in the distribution of water
for 1914 and for any other adjustment
that might arise for immediate at
tention.
The resolutions were drawn by Cur
tbs Adams, w. j. Trueblood, C. A. De-
Water who with /. E. Finney, led the
opposition to the adoption of the pro-
posals drafted by the directors of the
association.
Section two of the directors pro-
posals was the first to get the axe:
<'Our respective Indebtedness for the
purchase of water, or any other out
standing Indebtedness which we may
individually owe the company should
be funded into a new debt for which
we propose to give our not secured by
a mortgage on our respective lands.
First interest payment to be made
April 1, 1915, at six per cent, and an
nually thereafter; and the payment OF
the principal to commence on April l.
1917, and to be paid in annual INSTALL
ments over a period Of fifteen years
with the privilege, however, OF paying
the whole or any part thereof In can
ceiling the debt"
Attention was next directed to the
first part of the third section, to-wit: !:
<'We believe the Salmon River segre-
cation includes more land than can he
beneficially irrigated from the supply
il I water available, and propose that
Ne segregation be reduced in size SO
as to embrace no larger area than can
be properly irrigated; the size OF the
segregation to be determined by the
state Carey act land board under the