IRRIGATION DISTRICT OPERATION AND FINANCE. 
25 
2C 
10 
Q Held illegal 
|] In litigation 
J Defaulted 
E3 ComDromised or expected to 
ty be compromised 
□ Interest and principal always 
paid when due 
ilk 
m 
m 
1890 
1910 
1895 1900 1905 
Years in which Bonds Were Sold 
1915 
1920 
Fig. 4.— Status December 31, 1921, of all bonds sold by irrigation districts in the United States. 
The symbols are not superimposed upon each other. 
Heidi I legal., 
/n litigation.. 
17% 
Defaulted^ | -| 
Compromis ed. . \ : y{:\:\ 
2% 
Expected to be compromised. | 
Interest and principal always paid when due. . \ 
;|US| 
FIRST PERIOD SECOND PERIOD THIRD PERIOD FOURTH PERIOD ~ FIFTH PERIOD 
1887-1893. 1894-1900 1901-1907 1908-1914 1915 -1921 
Fig. 5. — Comparison bv seven- vear periods of status of irrigation district bonds sold to 
December 31, 1921. 
50488—23 4 
