The Twin Falls times. [volume] (Twin Falls, Idaho) 1905-1916, 1914-01-06
SALMON SETTLERS
MAKE PROPOSITION
Bondho|ders Given Opportunity
to Reconsider
SETTLERS WANT ACREAGE CUT
DOWN TO ACTUAL WATER DUTY.

'ASAA AAIAlo w AN AChEaUE
DOWN TO ACTUAL WATER DUTY.
Hope to Get Matters Straightened
Out Without Throwing Project Into
Receiyership.
A meeting of the Board of Directors
+of the Salmon River Settlers Associa-
tlon was held in the office of their at
'torney, A. M. Bowen, on Friday, The
purpose of the meeting was to consid-
er the question of further negotiations
with the bondholders of the Salmon
project regarding settlement of all
difficulties. The board, after consid-
ering the matter decided to submit
to the bondholders a new plan which
eliminates most of the objections rails
ed by the meeting of settlers as to the
'old proposal. If some plan of mutual
cooperation between the bondholders
and settlers cannot be worked out, it
is the intention of the board to imme-
'dlately commence a suit and endeayor
to have the affairs of the project ad-
.Justed some way in a receivership
proceeding. IL a receivership is grant
ed, the plan of the board is to ask the
court to require the receiver to Obtain
an additional water supply for the
tract,-same to be paid for out of the
funds yet due from the settlers on
their contract, and if an additional
water supply cannot be secured, for
the court to work out some plan of
cutting down the tract, the settler to
nave a rebate on his contract price on
account OF the lessened value of his
holdings. 1t is thought though, that
II the bondhOlders and settlers can get
ftogether on some mutually satisfac-
tory basis, it will hasten the settle
ment of the projects difficulties and
thus be of vast benefit to the settlers
and to the county generally; and it is
for this reason that the board decided
to continue negotiations with the
bondholders.
1t is not the idea of the board that
the plan, now submitted by them, is
final in all respects. 1t is possible, of
course, that some notifications will
nave to be made to meet the views of
the bondholders. 1t is hoped, however
that in the main, the plan outlined
will be agreed to by them AS soon as
something mutually satisfactory is
outlined another meeting of the set
tiers will be held
No meeting will be held next Satur-
day.
The following is a copy of the plan
decided upon by the board
Twin Falls, Idaho, Dec. 81, 1918.
Mr.. A. G.. Robinson, care Common
wealth Trust Co., Pittsburg, Pa
Dear Sir: After further consider
ing the matter of an adjustment of the
difficulties attending the completion
of the Salmon River project in this |
county, the board of directors of the
Salmon River Settlers Association, |
comprising very large percentage of
the actual settlers on the Salmon
tract, desire to submit to you an |
amended proposal, with. hope of out
lining plan of mutual cooperation |
by the holders of bonds and the set !
tiers and accordingly we propose the !
Following:
/. That the Salmon River segrega-
tion be cut down to an amount which |
can be reasonably and profitably irri-
gated from the supply of water now
available; that for the purpose of ar
irving at the proper acreage it be ten
tatively considered that thirty-five
thousand acres is the proper amount
that the said acreage may be herafter
increased from time to time provided
that there shall be shown to be an in
creased supply of water or TOR other
reasons in increased acreage can be
safely and profitably irrigated, deter
OF such increase to be left
to the Judgment of the secretary of the
interior of the United States based
upon the duty of water as hereinafter
specified; that the duty of water on
such tract shall be considered for this ;
purpose as two and three-quarters
acre feet but the same may be in
creased or modified providing that it
can hereafter be shown that water !
will bear greater duty, such show I
ng to be to the satisfaction Of the I
secretary of interior, to whom shall 9
oe delegated the power of determin- =
ng the acreage, water supply avail .
lble and duty Of water I
That no contracts for water stock in n
he Salmon River Canal Company
hall be sold beyond said agreed seq
egation, except with consent of the J
'oard of directors of said company,
When In the control of settlers or af-
er judgment of a court of competent fl
~ AoNASCAOA CAoL NAC WdtCI Will uO d
,reater duty than herein specified, or y
or other reasons, the secretary of y
Interior determines that there has I
een on increase of water supply d
2. The said segregation shall be
1ade in as compact a form as is prac-
Ical, same to be determined by the
tate board Of land commissioners of
he state OF Idaho and the department h
CONTINUED on page a. u