Show irrigation BONDS subject Is of deep importance to farmers and investors care should be taken to purchase only those offered by firms hav ang experience which have been carefully examined in view ot the fact that not less than one third of the public lands have been capable of reclamation and largely by means of the irrigation process the deep importance of this subject Is at once apparent reference has been made to the fact that there are certain pitfalls which the investor in irrigation bonds must not bo subject to if he would have his money absolutely safe says a writer in farm stock and home to begin with best engineering con in tho irrigation projects ally involve at the start a natural lake at an altitude considerably above that of the lands to be irrl gated or a river whose flow may be depended upon and whose fall an that ot the land Is sufficiently great to allow the conie ance of the di averted water through canals or lat brals as sometimes called by grav ity over the entire contemplated area in addition there should be natural or excellent artificial lr sites or the continuous storage of water to supplant the flow of the river in time of protracted drought and as a safeguard against any unforeseen con tangency tin gency the diversion from the river may be obtained by means of dams those of the modern type being entirely ot rock and concrete raising the river to tho proper height with numerous gates or locks tor the perfect regu of the cow of water the main canals when built for permanent use should be constructed of rock earth and concrete as are also the literals laterals late rals leading off from the main canals to the ditches which carry the supply to the individual farms upon which tho flow Is iregui by means of frequent head gates permitting thereby the water to flow through the furrows made bv the farmer according to his needs or enabling him if be desires to irrl gate his land by flooding it it should not be thought that irrl gallon means simply a continuous persistent flow of water on the other hand it simply involves a thorough moistening of tho soil perhaps but three or four times during the growing beason according to the character of the crops and then re quiring the water to be turned on but for 12 or 24 hours at a time aa stated before the development of irrigation laws followed the gen eral recognition of the vast benefits and enormous increase to the nation al wealth which Is being brought about by the practical application of the centuries old principles of irrl gallon coupled with the enactment of wise legislation seeking to sate guard the settler as well as the lend er of capital there are five leading classes 0 bonds which may be briefly touched on as follows as most of them have within the recent past been offered to those who have savings or surplus funds to begin with it may be ac cepter as an indisputable fact that all irrigation enterprises have not been successful in many cases inexpert ence which Is only another name for inexpert management has been largely the cause the natural con have in a majority of in stances been extremely favorable the first class of bonds are those which are issued by an incorporated irrigation district these districts aro formed in much the same man ner and under practically the same conditions as school districts and in fact their bonds are valued tax lines superior to all other forms of edness when issued in accordance with the statutory requirements investors should be careful to take only bonds offered by firms having expert ence and possessing the facilities for examining carefully the legal detail in issues of this kind when issued properly these bonda are ably very attractive bonds are also issued by corporations which are engaged in selling tho water rights or irrigation irlvy leges these bonds are secured by a mortgage on the reservoir pumping equipment and franchises of these corporations these bonds are of a public service character but do not rank so well as do the obligations of municipalities or districts these bonds as a rule havo a very fair rec ord however |