Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1923-03-30

l90t d ytiICIltS Dui NY ehS
Past Year.
The Big Wood Canal company is
entirely free from debt and had the
substantial bank balance of $16,s61.22
with which to start the new year of
1928. according to the annual report
OF Secretary S. T. Baer, copy of which
The shoshone Journal obtained last
week Tor publication. Considering
every Viewpoint the Big Wood Canal
company project is this year second
to none in the state, he says
Total receipts for 1922 amounted to
ss2. 1871, reports Mr.. Baer, and total
expeaditures amounted to s79,664.s7
leaving the balance as above noted
A total of ssO,4S7SO. was received on
1922 maintenance. or s5.S percent of
the total due Leins have been filed
on delinquent maintenance for the
past year amounting to s13,SSO.12, of
which sum Secretary Baer estimates
that at least s11 900 will be paid dur
Ing fho present year.
"A comparison of expenditures for
1891 and 1922 will show that during
the r4H year, only sS7S.69 more was
expended than in the preceding year"
reports Mr.. Baer, "yet more emer-
genciea arose in 1922, such as the con-
crete dam construction at the Rich
Nj. % Of
repairof the broken gate at the reser-
voix 1& 1891, appeal suit in San Fran
cisco It approximately $4,000 ware
house and buildings purchased $3.50,
-decreeiDx water of the bypass" at
Bellevue at $3.50, Farmers Protective
League note at s795, abstract on lein
foreclosures at 1921, also 1886 for
miscellaneous supplies purchased from
season, or in all a total of approx
imately $4,000. These figures are
merely given in order to show
the real status of the company.
''The company is entirely free from
debt, has assumed and paid obliga-
tions Incurred before it took charge
of the project, has purchased prop
erty. been engaged in an expensive
lawsuit. maintained the system up to
the minute, has delinquent mainten-
ance Of $16,5OO due from 1921 and
1874, and with it all, a substantial
bank balance at the present time"
The secretary goes on to say that
he does not deem it advisable to lower |
the assessment at this stage in the |
operation and maintenance of the
sys4em- He says, ''the company has
practically 600 miles of canals and
laterals to maintain, and a serious
break In one of the canals, to which it
is subject would wipe out the present
balance"
Again viewing it from the point
OF the number of shares, the company
now has 75.494.2O valid shares on the
project, which when compared with
the actual expenditures for the past
season, shows that the amount of
sary. However. it must be remem-
bereA that the total number of shares
capnot be depended upon paying in
fsjf or IN part. and again seventeen
ooceent Of the assessment on each .
11oRo was paid 70 the counties IN .
k144, on the basis Of the cultivated
n1roaee. Hence, Il is apparent that
~ Assessment is now placed at the
pjetmum, IN order TO provide for
Iglertspcles and 70 be kept free from
comparison OF the expenditures
och tract might also prove inter- .
For example. With $500
- cultivation 90 ths Richlsla e
- 30 5000 aores on the Dieuieh
4efks she cosf of malnfeinine and "a
'pst@e'ns ipe nlehael5 tract VS. only q
~ H'o'e Than tbai fog ,hs Dletnch b
~ " lesa y
tiAlN foreclosures ou deInqueni
~ 4efnfpF nave hepp nlsa fn y
jjllesA fplrIu foreclosures on ue IA
|etkI flNah Dn me nlallah uNn %
s amount aiHpas a igiafQe ~
MI aIfA .Neies N0fnfNA N
Y1 N1llN'0N aNl HllllNH
G0 nIl'ls lie lNlA 5000 s ~
40 I0ffl N'll FL liNHl
Ni fiI|H NI.i N N.0IN. A.