The Fallon standard. (Fallon, Nev.) 1920-1958, 1924-03-12

0o,ooV dcie ittl LOT efapofaLlOn ana
4 fpereolation in Spanish Springs and
canal we have still a net gain of
I 10000 acre feet besides the benefit
derived from the total cessation of
waterflow.s giving the accumulation
Of water in the lower reaches
chance to settle.Iraas nasfa4 hfasv i
As we have seen there is a loss of
500 second feet, or 20 per cent of the
average flow for 100adays However.
during scant rainfall we get Ii all
and during plenty we shall not need
lit, and it has been deemed best after
considering all the factors, after bal
ancing the cost against the benefit.
TO forego5 the impounding of these.
600 feet for the present. For as the.
strength of a chain lies in its weak
est link, the efficiency of our irriga-
ton system depends not on the
amount of water we can get in exs
treme years, but on the amount we
can get with reasonable certainty
every year, for the success of the
raneher depends not on how much he
grows, but on what he grows profit
ably. e 3ea asf af a5#I - faas
As for the failure of the project
management to look for other sites,
l know they have been considered
but were rejected first because they
yielded no profitable power and sec
ond because they seemed to be de-
signed to be used to enrich some real
estate speculators
Finally there remains yet the ex-
preston of fear that we all will go
bankrupt if persisted in the present
course; and alas. this assertion is
only too true. Let us look at it
moment The government has In
vested in this project about seven
million dollars. This money is taken
from revolving fund and must be
| paid back again to the government.
Now all money is a revolving fund
we call it circulation medium or cur
rency. All currency must circulate
/ If we had ever so much money and
could not make it move it would not
be worth anything. To circulate
means to move in a circle. 1t must
go back to the place it started Since
we do not grow or produce money a
man cannot always pay out nor al
ways take in. he must ON an average
take in as much as he pays out
otherwise the money will aceumu-
i late in some places and be short in
seen the necessity of revolving the
money it has loaned and demands
repayment The farmer on the other
/ hand has sunk in the purchase and
preparation of his land and acces-
/ sories fourteen million dollars; all
he has been able to produce and to
/ borrow. How will he bring back this
money into circulation, repay the
money the government has loaned.
pay his taxes, water charges and his
keep, on an income not in his con-
j trol but governed by the ability of
i the consumer to beat down the price
and on his ability to pay even that
scant price? We are advised by the
reclamation service to produce more
and save. two diametrically, opposed
actions. To produce more entails
greater consumption, TO save means
cessation of exchange, stopping OF
circulation. To produce more means
q less price according to the law OF
supply and demand Any business
in order to continue charges its ex-
= penses including a portion of its
sunken capital to the consumer. thus
1t keeps that money in circulation
and keeps solvent. But the peculiar
position of our farm economies takes
the naming of the price for our pro
ducts out of our hands; it is done by
other interests with utter disregard
of our needs.
The costs like money must also
circulate, we must be able to unload
the proper share upon the consumer.
If we must shoulder il all, it Is
bound to crush us If our six friends
wish to do something really worth
while, let them tackle the PROPOSE
tion of bringing back into circulation
these fourteen million dollars of po-
tential wealth. I know 1t can be done,
hut You will never know until you
try. EDMUND DIETZ