Show MAMMOTH RESERVOIR It Is Now Nov Proposed by the Di Directors Directors Directors rectors to Do the Work Themselves It I t Mt It Pleasant Jan 4 Another very ery ha i portent meeting of the board of oC directors and ami a number of or the stockholders of or the Mammoth Reservoir company has haa been held heM this voe and as a 8 result another radical change in the affairs of that great cr t enterprise has been announced It has half te b n the intention of or the di dl directors directors rectors of oC the company for fer several months past to turn tarn the construction work on the there reservoir re over or to a syndicate of or capital capitalists capitalist Its from hom the east which had proffered to do Jo all n wok necessary for bringing the water wat r into this valley valle meeting all ex expanses pon e connected therewith providing the tanners and landowners of or the valley would give ive security t for fO and guarantee roU mb to furnish ewo 60 as s payment a r for the wat w water r when it was brought t to them at atthe atthe atthe the rate of 25 per r acre of or water right This syndicate considered that It should be allowed that enormous sum Bum for the reimbursement of oC the money already ex expended expended expended there thre for the completion of or the work and for its profit The rhe security re required reQuired required from landowners was to be such Buch Buchas as to make snake the paper negotiable at any bank At the meeting this week the directors came camf to the conclusion slon that if this syndi syndicate syndicate cate could erect the t reservoir r in n that way they S could do o ot oe the e same thing n them themselves th themselves selves that at if the farmers were to give the security to supply the means for con construction construction construction they might as well leave the out and reap what profit had been bet n figured fI on for themselves Accord According leg ing to estimates made this h profit o t and 1 other e savings that could b be made aS by leav leaving le leIng lea ing lug the syndicate out would amount to nearly 50 per cent of or the cost as estimated by the syndicate something et like So the proposition lg b as decided tJi upon by bythe bythe the directors as it now stands is to raise e the money by means of or the same security demanded by the syndicate and antI construct the reservoir themselves An Another Another Another other change decided on is that but very tew few laterals will be necessary at the pres tires present present ent time as im Investigation has disclosed that the water can in nearly all In Instances Instances Instances stances be lie conveyed convoyed through channels a aready ady existing This means m ns another great reduction luction re from the cost as original originally ly estimated The committee which has the matter in hand is laboring assiduous assiduously ly in behalf be alf of this latest plan and there is every reason to believe that it will be carried to a n successful conclusion If it itis ItIs Itis is it t means acres more of land un under under Under der cultivation in this valley valle or nearly double the present area This city will wAIL willbe willbe be the scene of or the next move when a strong attempt will be made to get local financiers and business men interested One piece of information was brought before the meeting that cause consider considerable considerable considerable able dissatisfaction and created no little alarm That was the action of some same of the stockholders stockholder from Juab county in trying to secure the Water for that sec see section section tion when at the last lest meeting previous to 11 1 this one they had officially relin relinquished relinquished all right to the reservoir owing I to the fact fatt that the latest estimates gave It positively that there was not enough water to supply both counties counti and that tat Sanpete county was entitled to the first chance at IL h people Had been working with citizens along the western portion of this valley alley In an endeavor to have them join in this move What ais Us I will result in i ii remains to be seen |