The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1913-04-25
BETTER MARKET IN FUTURE

For several years past it has bee
almost impossible to dispose of Idah
irrigation securities. There has bee
no market. Eastern investors 10:
confidence in these securities OWN
to the fact that wild cat enterprise
had been undertaken A few year
ago the promotion of irrigation pro
jects become recognized industr.
in the state. A number of very sue
cessful projects had been put through
with immense returns to the investor
but with greater returns to the pro
motors. Following such successe.
came number of impractical irri
CATION schemes. The big returns at
tracted eastern investors. After few
proposed projects were shown to be
impracticable, and the investors los,
their money, the price of all kinds OF
irrigation securities dropped. This
was the natural result of the frenzied
finance that had been practiced. The
financing of irrigation projects rather
than their construction was the bust
ness of number of leading citizens.
While the condition worked a great
hardship on legitimate projects it
could not we'll be avoided. 1t looks
now as thought the conditions were
getting back to normal basis The
validating has been cut out; only
projects that are feasible are project
ed; and as a result irrigation securi-
ties again have a market This is
shown conclusively by the fact that
a big company is now ready to build
and finance the Black Canyon project;
and again that the Kuhn interests
have taken over the Crane creek and
Sunnyside projects in Washington
and Adams counties. The former pro-
ject involves the expenditure of up
wards of 100000 and will reclaim
10000 acres of land. The second
project involves the expenditure of
$4,000 and will irrigate 10000 acres
of land.
The purchase made by the Kuhn in
terests is the largest and most import
ant purchase of Idaho irrigation Sc
curitites in five years and the first
sale of any consequence in three
years. The people of Idaho feel
greatly encouraged that conditions
are getting back to a normal state. |
Judge S. H. Hayes, who has repre-
scented the Kuhns in this state for
number of years, in speaking of the |
Crane creek and Sunnyside deal says:
"The sale of these irrigation Sc
to the Kuhn interests, was
negotiated only after a most thor
ough and painstaking investigation
had been made. 1t may be taken as a
guarantee that Idaho irrigation
securities shall have market and this
will be the means. l believe, of en-
a market for other similar
bonds, just as good. which until now
nave been a seeming drug on the
market. This one sale means the i'm
Mediate rapid development and stimu-
alton of not only Weiser and Wash
ngton county, but the entire southern
part of the state"
Judge Hayes not only represents
ne kuhns, but is also greatly inter-
'sted in the development of the state.
he was one of the first to interest
outside capital in the development of
IDAHO. Thus far has been able to in
luce the Kuhns alone to spend $l2,-
Uo,ooO in this state on irrigation pro-
ects Any expression that he might
make is bound to carry weight, both
t home and abroad. His statement
hat this one sale means The imme-
late rapid development and stimula-
ion OF not only Weser and Washing
on county, but the entire southern
art OF the state" is one of the great
st significance. 1t means at least,
nat the all powerful Kuhn interests :.
re about to engage upon develop ,
lent work on an extensive scale-I'
fooaoly upon more extensive scale
han ever before. 1t means, as the
ribune has pointed out time and !,
gain, that southern Idaho is about
enter upon another era of pros
Gritty and development. Irrigation q.
rejects will be financed; power sites II
MI be developed; transportation Il
mes will be constructed; new immi- :
ration induced; and in short that :,
lie country will be built up. 1t may be n
epended upon that wherever the a
uhns are active others will soon be- N
'me active. We predict that the n
EXT era of development will COM q
etely overshadow the past, bright G,
ID glorious as If wac Z,