Show SOUTH JORDAN MAY JOIN I CANAL DIRECTORS NOW FAVOR GIVING IN ON DREDGING South JordanDirectors Advocate that Their Company Contribute 35OOO Towards the Expense At a meeting of the directors of tho South Jordan Canal l company held yesterday I yes-terday afternoon very important action was taken in regard to the proposition for that company and others to Join with the city In the dredging of the Jordan to get more water from Utah lake Hitherto the South Jordan company com-pany as well as the other canal companies com-panies have cither looked very coldly on the proposition or absolutely declined de-clined to have anything to do with It Yesterday however the South Jordan directors who one day last week went over the ground of the route of the proposed pro-posed improvements with the City Engineer S En-gineer and thoroughly acquainted I themselves with what It was proposed to do made quite a change In their attitude 1 at-titude They strongly Indorsed the suggestion that their company join with the city In the work and decided to call a meeting of the stockholders I for four weeks hence for tho purpose of voting on a resolution providing that the South Jordan company go In with I the city and contribute 35000 us its I share of the expense To raise the necessary ne-cessary money the directors propose to increase the rapllal stock from GOOD to 8000 shares The sale of the additional 2000 shares would produce 50000 and the existing stock would not be deteriorated deteri-orated in value as the additional amount of water which will be obtained ob-tained would more than make up for the additional stock Issued This proposition j prop-osition will also be submitted to a vote of the stockholders j It Is now thought that the other 1 I canal companies will Investigate the merits of the scheme and probably follow fol-low the lead of the South Jordan company I com-pany I |