Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1919-10-24

STATE OF IADHO THE SUM OF
s3.567.48 FOR THE SOLE AND
ONLY PURPOSE OF ASCER-
TANNING AT THE EARLIEST
POSSIBLE DATE WHAT MORE
WOULD BE REQUIRED BEFORE
THE SYSTEM WOULD BE DEEM
ED COMPLETE WITHIN THE
MEANING OF THE CONTRACT.
BY the end OF the present season.
the Company will have expended
close to 5000. 10000 in dong the
work required By the State Engin-
eer as a result OF an examination
WHICH WOULD NOT HAVE
BEEN MADE AT THAT TIME If
THE COMPANY HAD NOT
LOANED s35674S TO TIE
STATE OF IDAHO. or this. and
as evidence that the Company did
not claim that the system was COM
pleted when the apDGe 90 n "; s
filed. the Company spent for & ~ =
PLETION WORK IN 1915, IsE,-
FORE THE STATE ENGlNEER'S
EXAMINATION WAS CDM-
PLETED AND I-IS I.EPDST
FILED. THE sum OF she - 0-36
t4-Mr. BisseH siys: ~rhs B,g weed
River Reservoir k Ean;,. Company
HAS 100000 STARTS OF STOCK.
ABOUT $4,000 or WHiSH AHE
HELD ~ TIE IDAHO n,eiGA-
lion & 'bIPA - Al r,c-.nt
election held 10y the 'oncern. tile
THE P2ls~iBEET, SECl;ETAI.l =
Urea SITisi.it5 AND THE IlREC-
TORS WERE ELECTED FROM
THE PRESENT EXECUTIVE
MANAGEMENT OF THE COM
PANY The actual users on the
project have no representation. II
the operation OF the system be
turned over to this organization.
THE MANAGEMENT WILL
STILL BE UNDER THE DIREC-
TON OF THE IDAHO IRRIGA-
TION COMPANY, BUT THE SET
Tiers WILL HAVE TO FOOT
THE BILLS"
The total number Of shares out
standing on the stock books OF the
Big Wood River Reservoir & Ca
nal Company WAS ON JUNE Sd.
1919, the date set for the last an
nual meeting and election of di-
rectors of the Big Wood Company,
88.IO3.0G OF WHICH THE COMFA-
NY HAD THE RIGHT TO VOTE
the fact that the purchasers of that
many shares had not paid a suf6-
cent amount 20 entitle them to ex-
ercise the voting privilege. THE
OWNERS OF 56,541 SHARES
WE'RE ENTITLED TO VOTE
THEIR STOCK AND WERE so AID
VISED IN NOTICES SENT OUT
BY THE SECRETARY OF THE
IA ~
The bylaws of the Company pro- /
vide that no business can be trans /
acted unless SOC OF more of the /
outstanding stock is present or /
represented at the meeting. The 4
stockholders were advised of this /
fact AND THAT AN ELECTION /
COULD NOT BE HELD ON JUNE
BID. 1919, UNLESS A MAJORITY
OF THE STOCK SHOULD BE
REPRESENTED in person or by
proxy. The required 44,066 shares
NECESSARY FOR A QUORUM
WERE NOT REPRESENTED ON
JUNE Sd AND AN ELECTION
WAS THEREFORE, NOT HELD
although an unusual numb&r of
stockholders were present IN PER-
son including THE PRESIDENT
AND SEVERAL OF THE DIREC-
TORS OF THE FARMERS PRO-
TECTIVE LEAGUE. The election
was. therefore, postponed and has
been postponed from time to time
since THE PRESIDENT. SEC
RETARY- TREASURER AND THE
DIRECTORS WERE NOT ELECT
ED ON JUNE Sd, 1919, NOR /
HAVE THEY BEEN ELECTED
SINCE. THE OFFICERS OF THE
FARMERS p r % T f c tt V E
LEAGUE KNOW THIS. They
have been assured repeatedly that
the postponed election would be
held and have been sufficiently IA
miliar with the situation them
selves to invite discussion with
the management as to the person
el of the new Board of Directors.
THE OFFICERS OF THE FARM
ERS PROTECTIVE LEAGUE,
THEREFORE,, KNEW AND
THEIR ATTORNEY KNEW
WHEN HE MADE THE ARCVE
STATEMEN T T H AT I H E
STOCKHOLDERS OF THE BIG
WOOD COMPANY HAVE BEEN
GIVEN ONE OPPORTUNITY AND
ARE TO BE GIVEN ANOTHER,
TO CHOOSE THEIR OWN
BOARD OF DIRECTORS.
Why did Mr.. Bissell make these
any misstatements? What was the
olive? How many times in the past
ave you been mislead in a similar
amer for the sake of making an i'm
'esSion2 a situation must indeed
; desperate when actual FLOODED
cts are not good enough. Most of
ese facts are matters Of public re-
'rd and just as easily available TO
T. Bissell as they are to us.
Signed: II. r. Rays.
Vice President & General Manager
Idaho Irrigation Company. Limited
chfield. Idaho.
,fnher 1H 1919