The twice-a-week Twin Falls times. (Twin Falls, Idaho) 1916-1918, 1917-05-24
CHAMBERLAIN-S SMITH MEASURE
FOR GUARANTEEING BONDS GETS
STRONG RECOMMENDATION.
HOPE EXPRESSED THAT IT WILL
Be ENACTED
President Hackman of the Twin Falls
Commercial Club Asks Everyone
to Bring Pressure to Bear Upon
Congress.

A message received Tuesday night
from Congressman Addison T. Smith
by President of the Twin Falls Com
mercial club reads as follows:
1.-The secretary of the interior
strongly recommends the enactment
of the Chamberlain-Smi bill and
l am interviewing the western mem
bers and senators with the hope that
its enactment this session may be Of
fered as an amendment to the food
production bill"
President Hackman said that he
trusted that everyone who is ac-
quainted with senators and represen-
tatives in their old home states would
write and urge them to support this
measure and also write home friends
and commercial organizations to
write to their representatives in both
branches of congress. The measure
is known as H. B. 2772.
The purpose of the bill is explained
with the exception of details, in the
first paragraphs which read as fol-
lows:
"That when the secretary of the in
terror, pursuant to the provisions of
the reclamation act of June seven
teenth, nineteen hundred and two, and
acts amendatory thereof and supple
mentary thereto, hereinafter referred
to as the reclamation law, shall have
determined that the construction of
project or unit of a project for the
reclamation of arid and semiarid
lands is practical and advisable, or
if he shall determine that any pro-
ject for the drainage of any swamp
lands is practicable and advisable,
and shall have approved of the con-
struction thereof under the provisions
of this act, the secretary Of the in
terror is authorized to enter into con-
tract or contracts with an irrigation
or drainage district or districts, in
cluding such lands, which are duly
organized under the laws of the state
or states in which such lands are
located, and thereafter to provide for
>the construction of the necessary
works under the provisions Of this act
for the reclamation of such lands.
Sec 2. That when such district or
districts shall have duly voted and
issued bonds bearing interest at a
rate to be fixed by the secretary OF
the interior not to exceed four pei
centum per annum, in sufficient
amount to cover the cost of such pro
1ect as estimated by the secretary OF
the interior, and the legality anc
validity of such bond issue shall have
been duly confirmed by the courts II
the manner provided by the state laws
and upon the execution of contract ol
contracts between the district or dis
tricts and the secretary of the inter
ior, he is authorized to accept sucl
district bonds and deposit the same
with the secretary of the treasury
who shall collect the principal anC
interest thereof and apply the sam'
to the payment of the principal anI
interest of the certificates of indebted
ness hereinafter authorized: provid
ed. that the total face value of sucl
irrigation or drainage district bond
accepted by the. secretary Of the in
terror shall not for any one prOjec
exceed the sum of $25,000,000.
Sec. 3. That upon the receipt b.
, the secretary of the treasury of sue
n district bonds he shall issue certi
ficates of Indebtedness of the Unite
States in amount equal to the fac
value of such district bonds and bear
ing interest at the same rate in sue
form as he may prescribe and in de
nominations of $50 or multiples there
Of the principal and interest to b
payable in gold coin of the Unite
States, the principal and interes
\. thereof to become due not less tha
\sixty days after the due date of tn
principal and interest of the CORE
spending district bonds, respectivel.
Such certificates of indebtedness
shall run for the same period as til
corresponding district bonds.
Sec. 4. That from time to time, {
funds may be required by the secr'
tary of the interior for constructio
purposes, such certificates of il
debtedness shall be disposed of by IL
secretary of the interior, under sue
rules and regulations as he may pr
scribe, giving all citizens OF II