THE IRRIGATION AGE. 



163 



(Continued from page 161) 



The Independence Irrigation Company of 

 Rawlins, Wyoming, has filed articles of incorpora- 

 tion and has taken over and will complete the Ore- 

 gon Basin project in Park county, under which it is 

 proposed to reclaim 300,000 acres with water from 

 the Shoshone river. The new corporation, which 

 is financed by Chicago capitalists, will succeed the 

 Oregon Basin Irrigation company, which failed 

 after spending $450,000 on the project. The new 

 company is capitalized at $4,000,000, and they state 

 that the project will be rushed to completion. 



The Valier irrigation project in Teton county, 

 Montana, which was commenced in 1908, will be 

 completed by June 1 of this year. The project 

 when completed will irrigate 118,000 acres of land, 

 and has been constructed at a cost of about $4,000,- 

 000. 



Hundreds of pure-bred cows will be shipped to 

 the state of Idaho from the dairy sections of the 

 middle west to be scattered among the farmers on 

 the tracts of the Idaho Irrigation company. The 

 corporation has loamed farmers on its tract $50,000 

 for the purchase of fine dairy cattle in order to build 

 up the industry and to create a demand for the thou- 

 sands of tons of alfalfa that are raised on the tract 

 every year. 



The United States will be asked to bring the 

 Panama canal equipment from the isthmus, when 

 the ditcb is finished, to dig a 1,000-mile irrigation 

 ditch through western Nebraska and Kansas. J. C. 

 Hopper of Ness, who is a prominent land owner 

 and banker, heads the movement, and Congressman 

 Neeley has introduced a bill asking for $50,000 to 

 investigate the feasibility of the plan. The plan is 

 to dig a canal from the Black Hills to the Cimarron 

 river in Oklahoma, crossing Ford county, east of 

 Dodge. A system of storage basins and laterals 

 would send the waters that now inundate the Mis- 

 souri valley each spring through sections that need 

 irrigation. 



(Continued from page 148) 



bered that the average equity in real estate mort- 

 gages is around 33 1/3 per cent, the margin of safe- 

 ty in this instance may be more thoroughly appre- 

 ciated. 



The foregoing is believed to be a conservative 

 presentation of the present status of irrigation as a 

 going proposition. Deductions made, as to their 

 bearing on the value of irrigation securities, are be- 

 lieved to be well within the bounds of reason. 



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