Lincoln County times. (Jerome, Idaho) 1911-1919, 1914-05-21
rur AMENDED CONTRACT.


Ala issue to full text OF the
handed contract which will be pre-
..,,sd by the bondholders to each
o,,ryman on the tract for his or her
consideration and approval. We give
.,sca 10 this document In advance
of the official notice being sent out.
that each entryman may have time to
carefully read 1t over and discuss the
same among his neighbors and
friends prior to the receipt OF the
original papers.
While this is a verbatim copy OF
tho new contract as presented to the
hoard OF directors OF the Canal U.s.
ora Association. II does not follow
that II will be the exact copy that
Won receive, as the Association will
nrobably ask for a few notifications
In the same.
As the board is desirous OF acting
iptellEently In this matter and In a
manner that will be to the best inter
ssts OF the tract at large. an invita-
ton was sent out TO several OF the
prominent entrymen on this section
OF the tract to meet on Monday even
hs for the purpose OF considering
the proposition. and thereby giving
the board some idea OF what the gen
ersl sentiment was In relation TO the
proposition. These invitations were
literally responded to. and as re-
suit a very representative meeting
was held.
Mr.. G. |. Towle was selected ar
chairman OF the meeting. Mr.. o. T.
Burkhead chosen secretary. The
contract as presented was taken up
and read section by section. q discus
aon following the reading OF each
article. and the summary OF the
meeting is best given by referring "a
the following recommendations that
vere made.
Article as unfair and out OF
place and should be eliminated. This
section has reference only to the n
contracts and affects only those hav
Ing land In the territory embraced In
radius adjoining the Idaho South
ern Railroad
Articles and 8. That owing ts
the delay In adjusting matters. in
debtedness should be computed as o
March lst. 1915. first payment o
Interest to fall due April LIST. 1916
Article TO- Sense OF meeting tina
settlers should not assume actual cos
OF maintenance until 1916. and tha
what constitutes maintenance shoul'
be more specifically mentioned. II
regards to the semi-annual payment
OF Interest. the plan met with heart
approval. other than that the frs
semi-annual payment should not b
made until April. 1915.
Article II. which provides for tn
giving OF notes and mortgages.
was the sense OF the meeting tina
these should not be given until tn
system was completed. or n SAT
guarantee made 10 that effect.
The meeting brought out man
suggestions from those present. an
while It is not likely that all OF theI
VIII be adopted. we have good re,
sons TO believe that the bondholdei
VIII see the justice OF some OF thes
suggestions and act accordingly.
The board OF directors OF the ass,
e'auon Will hold meeting on FIR
aay evening. at which time the prop,
"tion Will be further discussed. Il
'esuits OF which will be given In o,
next Issue. The fact. however, thi
'ne oondholders are now ready
axe up the adjustments with the Sc
uers mas created a feeling OF mo
confidence on the tract, and It on
emains now for the parties at 1
'e'es' to get together and agree upt
"a amicable settlement to the SO
.'action Of all concerned, and Il
"Or'n Side tract will come into
own again.