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Show BANK FAILURES WILL NOT CRIPPLE PROJECTS IN IDAHO SOI8E, Ida . July 11. The failure of the Kuhn Pittsburg banks will not have as serious an effect on southern Idaho, whare the Kuhns have tlf.ooo'.oos In-veeted. In-veeted. as had at Brat tmm exported, although al-though It la (ri aald hra now by man closely aaaociatad with tha Kuhn. In thalr development work hara that tha auapanalon of tha bahka and tha placing of tha American Walarworka Ouaran-taa Ouaran-taa company, tha holding company of all tha Kuhn antarprlaaa. in tha handa of a racaivar win unaattla conditions In con-nactlon con-nactlon with tha Idaho pow.r and Irrigation Irri-gation projects Brady Holds Boo da Senator James H Brady of this atata. '" disposed of tha American Fslle Electric Power company and Ita holdings, including tha Pocatallo electric light plant, to tha Kuhna for a conaldara. Hon of approximately IS.fWO.lKM). It waa given out at the tima of the tranafar. tiolda. II a undaratood hart, secured honds on tha transfer and will nofVW affected flnanclally hy tha hank fallurea. rhe Kuhna gslnad control of ihla valu-- valu-- abla alactrlcal power ayatam whan thay S "art ad to Inrada tha southern Idaho r powar flald now occupied hy the Idaho-oregon Idaho-oregon Light A Powar company, tha Reaver River Power company and tha reliurtde Power company. Thay alao gained control of a number of large power alles along the Snake river One "f therr tareeat electric r..mr 'eliding" In Ihla atata la that of the Great Mioshone Twin Fall Water Power companv. with a capital of el.JOd.OOO Thla company com-pany auppllaa the Twin Falle country "Ith electricity for light and power and it said to ba a large rroflt maker. May Affect North Bid. The fact that the Irrigation projects handled hy the Kuhna here tha North Side Twin Falls Land Water company, com-pany, the Twin Falla-Oakley Land - - -.win t 'n ii.i ang i ir- imii r n i i n - i - 'non IJtrid St Wattr company are In Miffe ot prartical rompltcnM will tnd to prevent the financial difficult) tha Kuhna are now facing greatly Injuring The Ktate, although It la admitted that the hlow will he felt especially by the North Side Irrigation project controlled hv the Twin Falls North Side Land A Water company. The Oakley and the Salmon river projects are completed and abundance of water If being delivered te them. The settlers therefore are more or less secure. Some Work Delayed The Kuhns had fust -omp1eted arrangements ar-rangements with the state land board And the government reclamation service or the enlargement of the Jackson lake -eaervolr In Wyoming on the headwaters M th Snake river, in which to atore 170.-W 170.-W acre-feet of water for delivery to the North Side protect In this state via the Snake river. The 'ost of making the nlarrement waa estimated at $75O.On0 The Twin Kails North Side Land Wa- ter comnnny constructed what Is known the Jerome reservoir, as well as the WHeon lake reservoir on the project It -elf. The Jerom- reservoir waa one of largest artificial reservoirs of Us kind In the worlj and cost $500,000 to construct. con-struct. When wutcr was turned Into it f the discover' eras tnade that the reservoir reser-voir would not hold water. The water escaped through lava gravel In the bottom bot-tom and was carried away through fissure fis-sure In the tava rook helow and later found Its way to the Snake river. The plan to stre the same amount of water1 as planned for both ren-oirs for Mi THsrri take alro leftkedi in the Jackson 'ake reservoir, hundreds of miles north And egst at the headwaters of the Snake river, was then made and had Just been complM-d wher the financial (.lap came, .rust liow iertous!t the financial trouble vill retard the rarrvlna- out of these plans remains to be seen. May Escape Rgcelrer. S. H Hays, locel counsel fer the Kuhns In ItlahA dgHgrgt that the Idaho enterprises of the Kuhns will not have to go Into the handa of a receive r I n 'he Mnutdation. Besides the electric and irrigation projects In this state. th Vuhns have control of a mimber of banks -ind heYrg Invested heav!l In a number f other business enierprises. until the errand total I well around lls.0OO.0OO Thay had p'anned to finance the Me Twin Fal's-Brunea'j project nf gio Of.o S'-res. at an e.tlmatil -ost of $2 4.000.. O00. ond one of the Inrgest single irrigation irriga-tion pro) t In the world. This Immense Im-mense tract of land Is located south of be Snake river htween Buhl. In Twin Fails county, and N ssa, In eastern Or-gun. |