The Emmett index. [volume] (Emmett, Idaho) 1893-1925, 1920-09-16
70 MAKE IRRIGATION
BONDS ATTRACTIVE
G. b. Mains Adocates State
Guarantee q frrixatIoa Bonds
Till Project Reclaimed.

A. . means Of making irrigation
bonds attractive and aafe TO investors
G. B Mains. supervisor Of the PAyetts
forest and Gem county's representa-.
tive on the State Reclamation Asaoci-
ation's board OF directors. advocates
that the state Of Idaho guarantees the
interest on irrigation bonds until the
water is delivered and the lard in the
project brought under cultivation.
The plan is not = new one, ~ Oregon
has such law
Speaking Of the. proposition, Mr..
Mains says: "This would mean that
the state would loan the irrigation
district the money to pay the interest
on construction bonds issued, taking
the districts warrants In payment and
soldinR them until the land holder
had resolved ths water ana could BIZ
gin TO pay them Oh from the returns
OF his land.
''Sueh plan would not require .
large amount a funds To initiate, and
II property aafsGxnrdsd and handled
thsfs would y ~ has to the stats or !
taxpayer II would b in the nAtprs |
Of . revolving fund. the one appro-
priation being naa1s TO serve several
projseta through = period Of years"
Commenting on the above plan, the
Capital News says sditorially:
by guaranteeing the interest on ir-
rigation honda until water 10 delivers Z
ed 70 the lands and they are brought
under cultivation, the stats Of Idaho
guilt edge investment This Is the
contention Of G. B. Mains, supervisor
Of the Payrtte national forest and
chairman Of the Gem County Irriga-
tion association. II il . suggestion
that ahouid BE- given careful consider :
alton for IL IL not without = great deal ..
OF merit. Especially should It be Civ
en- thought from now on, for q new
legislature Is To convene the first Of
the year and II we are TO have legis- v
Iation on the subject an act should be
for early presentation. G
Nothing is being left undone TO In
terest the government in program
"a uFNEfpBAHNA- Ia tsiC ~ ~ fttNtOHS VI
he west Associations have been
formed in an effort to convince east
srn senators and congressman that =
he government has the safest pos .
Iible Investment in any appropriation y
hat itmakes for the reclamation OF c
nnds. for the appropriation is but a d
onA 60 be paid on with interest. We a
Ire receiving more encouragement !,
rom the east in this proposition than =
yer before Candidates for the pres &
deney Of the two major parties have 10
'laced themselves on record in no UNI e,
ertxin language ss in favor Of giving :,
ID b the west in this regard. In
Aet there has been introduced, and p'
here is now pending before congress, l.
bill which provides for the govern CT
nent 10 do almost the very thing "a
,hich Mr.. Mains suggests with the ex- :;
option that the government guaran- ~
- the bonds instead Of the state. II
. the Smith-Flctcher act 81
But while We are patiently waiting ~
or the federal government to move.
,ouid It not be just ~ well, rs Mr.. be
lAins suggests, that ~ state We III
" n help ourselvess Under the .r
laina plan this Ii made possible. A.
The state would loan the irrigation "a
istrict the money TO pay the interest nc
n construction bonds issued he Ia
avs, stalking the Districts warrants
q payment and holding them until
he land had received the water and ne
ould begin TO pay them on from the
eturns Of the lands.' ~
Nor would il be necessary TO make
heavy investment for this purpose.