Arizona republican., 1918-08-12
GIVE 91 MORTGAGES
 N MAKING LOAN ID
 BUILD LYMAN DAM

With the payment two days ago by David F. Johnson. state treasurer, ot s45,350 to the Lyman Water company as the first installment of S120,000 loaned by the state and Denver parties with which to complete the Lyman dam and project. a large amount of routine work has been completed. the doing of which has taken much time and energy.
 Ninety one mortgages. aggregatins S126,990 have been recorder in Apache county for state loans. all in connec tion with the Lyman project. To this s126990 will be added S1S,000 in cash by the Lyman Water company and further cash advance of s4,260 by in- dviduals under the Lyman project, who preferred paying cash rather than placing mortgages upon their lands.
 These ninety -one mortgages have been recorded in the office of the state treasurer and an initial payment Of S45,350 has been made by the state treasurer. As this IS about 30 peI cent of the total sum involved, the Lyman Water company and the set tiers will put Up an equal percentage 1 of their respective amounts, making available the sum of S52.02S.10. Further remittances will be made monthly uu- | til the entire amount has been ad- vanced.
 Although the mortgages for the en- l tire amount have been given and re- corded the interest will begin to ac- l crue only on those loans on which the cash has been advanced.
 A great deal of work has been in volved in the preparation of the many papers and in the arranging of the de- 1 tails of the loan. The ones upon whom the direct responsibility has fal- len are J. H. sherman of Denver, at- torney and one of the members of the Lyman Land company Judge D. F. Thomas, cashier of the Merchants and Stockgrowers' bank of Holbrook; and D. F. Johnson. state treasurer.
 The completion of the Lyman dam means much to that part of the state It means the rehabilitation of great section of country. When the Lyman dam went out. which occurred strange ly on the same date, April 15, 1915 when the Roosevelt reservoir filled ur for the first time. the settlers were left without water and with no way to make a living on their farms.
 As a result, they scattered to al points, Many went to work at other | their lands. The completion of tho new dam will bring back all those set tiers and will place 15.000 acres O Arizona land in cultivation. Int ranges can also be used for grazins of cattle which will he brought t tho irrigated pastures for fattenins.
 It was through faulty construction of the base of the old Lyman dar that it went ont. The new dam vii be 400 feet thick at the base. and engi neers declare that such a catastroph as befell the first dam will not occu again. Frank Asplind, for eleven year with the United States reclamation service at Phoenix. has been engage jointly by the state loan board and tn
 Lyman Reservoir company as con struction engineer to. complete the Ly man dam and canal system Mir As blind hopes to complete the dam wit the funds made available from thes combined sources he states.
 There is much rejoicing in Apach county; land prices have advanced population has increased and prosper ity has returned to section of tn state that has proven how it can ge on it's feet again after having bee doWned by a great calamity