Arizona republican., 1921-06-08

secretar mehyf I6m12s456 ..6..e s5$5 secretary he made a claim to us that he was anxious and willing to assist us in any way possible and that we could depend on his assistance in the future In the matter of penalty he advised us that we need not worry about the penalty until such time as the Government undertook to collect the same and at that time he felt sure that a satisfactory adjustment would be made with reference to the penalty. As to the changing of time Of the contract it would be impos- sible unless additional legislation was had as a reclamation law pro- yided as a limit the 20-year payment plan for construction charges. Any extension to our contract would necessarily conflict with the provi- sions of the law of 1916. However, he felt sure that the extension could be made from time to time so that the payments would not accumulate, and if necessary that he would as- sist us in securing legislation later on to take care of our needs. In ac- cordance with his decision he wrote the director of the Reclamation Ser vice letter, of which l received a copy. also a copy same to the office
 The director of the Reclamation Service then wrote the Salt River ! Valley Water Users association the secretary's decision, which is not quite in accordance with the under sanding of the letter from the secre- tary to the director; however, I think the letter from the director to the association is a letter which covers not only our project but all the gov l ernment reclamation projects and there are some details which we will take up with the director to clear up some of the points involved.
 At the next meeting with the Sec retary of the Interior. Senators Ashurst and Cameron, Congressman
 Hayden, Governor Campbell, Frank l Stewart Sims Ely and myself were all present and all participated in the 1 hearing. The secretary after giving
 us his decision with reference to l the matter in hand as above stated
 advised us that he was desirous of
 furher helping us and had suggested
 to the Secretary of the Treasury to
 see if there was some way whereby some additional government funds 1 could be deposited in our banks 1 locally to help take care of the l financial situation, and advised us to have a conference with the Secretary of he Treasury, which we did. The T StIifc itpf WCAC Pt CsNnt q the meeting with the Secretary of the 1 Treasury as above stated with the Secretary of the Interior. Secretary Mellon indicated that he was anxious I and willing help us and was willing l to do anything possible or within his I Jurisdiction After a thorough dis
 cusssion by all parties at the con- l ference the secretary indicated tha'
 under the present banking laws |
 would be impossible to render any further assistance than was being
 rendered by the reserve banks ana
 member banks. However, he though
 that there was some arrangement.
 being made at the present time whereby farm loans could be dis counted with federal reserve bank.
 for a longer period than 90 days ans
 that there was some legislation nov
 pending before congress which would authorize the leaning of mone,
 through the Federal Reserve bank Il for livesock and agricultural pur