The Emmett index. [volume] (Emmett, Idaho) 1893-1925, 1919-12-11
OPTIMISTIC VIEW OF
{. !. D. AFFAIRS
BOndholders' Committee Issues
Circular Outlining Conditions
After Survey of District.

S Under date of November 30, the
a Bondholders' COMMITTEES of the En-
e NETT Irrigation District, by its chair
E man, Edmund Seymour of New York
r City, issued circular to the bond
holders, setting forth conditions in the
: District after a survey recently made
r Of the property of the district. The
! report is quite optimistic in tone.
: Statements ~ to the status of mat
tiers affecting the bondhoIders, in
which landowners will no doubt be
interested, are also contained in the
circular, and are given for the most
part below:
1 Your COMMITTEES are pleased to re-
port that they have accomplished a
large part of that which they set out
to do. The litigation IS finished and
the bonds are now incontestible The
District recognizes the obligation of
the bonds and has levied and is now
collecting interest to pay coupons
hereafter from time to time matur-
ing. We have collected the coupons
of 1914 and turned ever the proceeds
! to you. The coupons deposited with
the Committee maturing during the
years 1915, 1916, 1917, 1918 and 1919
have been placed In judgments which
now bear interest at the rate of wen
per cent per annum- On October IL,
1919, judgments were entered upon
such dsfaulted coupons in the United
States District Court for $3.50, ,578,
and costs
During the past summer a Water
Users Association has been organized
IN the District to advise and cooper
ate with the Board of Directors While
this committee has no voice in the ac-
tual management of the affairs of the
District it has been the means of unit
ing all factions and has the water
users solidly behind it.
A new superintendent has been en-
ployed and from all reports we are
able to obtain feel confident that the |
affairs of the District will hereafter |
be conducted on a practical business /
basis in which the District will be sure
of receiving adequate return for
moneys expended
IS manffesting the changed condi- |
tion existing in the District the Board /
the Water Users Association, have 4
not only levied the maintenance and 1
replacement taxes of 81 per acre, but
on November L, 1919, levied, in ac-
cordance with the provisions of law
and the trims of the bonds represent
ed by your Committee, an interest
tax of S55, 900, with which to meet
the coupons maturing January and
I,7l, I TIL. TO i
and is now being collected by the /
Treasurer of the District and in due
course we will receive payment of the
coupons matured January L and July
l, 1920. /;
A l-ading taxpayer of the District
once said to member of your Com
mittee. "The reason | don't pay my
tax is that all these matters are mixed
up IN the courts and the taxpayers do
not know the rights of the matter. If :
the courts should determine that we
are In tie wrong we will pay our i
taxes"
That this statement correctly re-
Elected the views of the District was
the opinion of Joseph R. Hunter, who,
in May, 1916, carefully canvassed the
District in behalf of your Committee. (
The issues have been tried out and +
the rights of the parties determined ,
and your Committee have every rea-
son to feel that hereafter the rela- t
lions between tn bondholders and S
me District viii be harmonious. h
This changed attitude of the Dis
.rlct reflects not only its improved
financial condition, but the intention e
If the voters TO re-establish their
.redit and carry on their affairs upon /
cash basis. p
On November 8, 1919, Mr.. o. o.
1aga, our Counsel, at the request of
dr. panDeusen, the President of tn. e
\ ater Users Association, attended a II
Meeting at Emmett, at which about
ne hundred settlers were present Mr..
iaga writes US:
The meeting was 4 very interest
ng and harmonious one, and it was y
sidenI that there is more optimistic 81
lew taken of the situation. fhe new !.
of the irrigation sys-
I'm had spent about a week in gong ~
YER the bitches and made his report r
} the settlers at this me citing. He Is tt
1orougniy competent and under n
lands hls business, and | think all
ie settlers feel that they will have ;"
n abundant supply Of water next M
ear and In ample time to take care of it
ny crop they may grow. A number II,
the settlers, inciuaIng Mr.. Van Deu- wv
n, stated after the meeting that it W !"
as the best meeting they had had !"
nee the District was oEganizd, and on
ey seemed confident that all agita- mi
on in the District against the pay
ent of the tax this fall would sub
de, and that the tax would be
'omptly paid
Generally speaking, there was a fir,
'od spirit manifested by all the set his