Show V ftc THE MAMMOTH i COMPANY ITS PLAN AND AD THE MEN AIEN BEHIND IT all tU MASy alii byster la lis ar tail 4 UC alls 1 arsht itts wu lAws Vi ok 1 aut ivr aatu attu to 10 buos ui lit III lud else ol ui UL lieux lu to Ws a ut JE II U anu unu I 1 rui nuu al and d to tu flout A ui of new jundi in alli 1 lers ciui lucae buu luaui ul ot t rn t alae kentrat u mauj diun OL 01 me tilt butkin Is 18 to impound we ot 01 arile rivet iti ill is known as Goose gooseberry Derry vl ny ity it n y now a bidwel macow uia cavor SUVIA valley Y with a body budy oz OL butr sita one will uy dy one anuw wide to LL uin drpic uc ut i lutt t and to an uge oc ot sixty lilt rhe water will be impounded uy matina tri tasis of a lam daut across ihu the narrow ut at the ot ol tile valley inie win bi be no outlet through the uni darn reservoir outlet is 11 tunnel driven through the hilt from l rom the the waters nili ih bu to tile lands to be by means of me tile natural channel of 01 frich and a anal canal about tour milies in length she old rahta of price river will le by this new system US u the mammoth reservoir otoji project ct has never been considered 11 nor a colonization beneme 1 ahe I he prents whether to be derived iron detect oc of the water to the soll 11 or from anni the difre dIf terence renco between the I 1 original cost of the water and the tile land a and nd their value when the water Is III applied to the tand land are intended for the settlers SYSTEM in early days the litigation systems of utah rini in ox ot inu the izittie west verc vere simply sich ditches and lanas au an were to conduct the normal how tiow of water from tny the natural water ourse course i onto the tile most con funds ine 1 no amount oi 01 haild wan wag the ani caunt that could te by the ri normal orinal now utter high water had subsided little or no 1 aud AMs in thede justly of taisy waitr carusd uy ly tr Eshetu and melting eltIng iTi snow for or tile claron that supply was exhaust td d the crops could bo b matured 11 creased population to caused the utility of high mateis to be recognized and means of storing them in reservoirs eoon soon tie SUrta tIOU practical experience soon demonstrated that the ebb reservoir systems beides conserving and thus utilizing surplus waters afforded the roost most desirable water nater right as the flow tor for irrigation could be more completely controlled and applied with greater advantage to the tifai ds of thu crops for years the money interests of tho the west have realized the great and un value of rood good water mater rights in the arid region they being the basis of estein vv enterprise and the beat best seq carity incident to the western business world orld now the conservation of waters Is a national question and all recognize merit in it worthy of the investment of millions and ast preparations are being mide to husband and apply all waters of the arid reelon to the irrigation of lands nor NO AN the mammoth reservoir system Is no experiment the construction and operation of the gunnison tho the gooseberry berry and north fork the wales bales the wit it nebo the chester and other leser vo doirs irs within the residence district of those who hive promoted the mami troth th reservoir tend to make every factor of the system a known quantity while whilo somewhat smaller in scope the successful construction and operation of these several systems give the mammoth ammoth 11 projectors many precedents which cannot bo entirely ignored and so far as sources of supply duty of vater percolation e evaporation ap oration and kindred topics arc are concerned give an o education that cannot be over oer esti estl mated in fact it would not be immoderate to eay say that for practical utility on such subjects lacin ha hardly filly be excelled by the information afforded by skilled engineers so far is a knowl knowledge edre of the project and a preparedness within the native resources of the company are concerned concern pil no more fao favorable rable outlook could be desired A BUSINESS proposition for many years the system as now has been uniformly recognized as a feasible capable of producing profitable Hable returns to in acors ahe common knowlt knowledge dge of the and irrigators living in the region of the mammoth supported by the tat judgment and cil xi hence of sound practical calculators and by more recent pr demonstrations of I 1 ell oil known engineers gi Is first that the surplus waters of price river rier ana and the contiguous watersheds contributory through brooks cunyon are ample it properly impounded and distributed to irrigate ut least acids of 0 land allowing one cubic foot of water per second for each sixty acrea acres of land besides sustaining all evaporation 4 por atlon and percolation incident to suitable qui table means of distributing said waters to such lands second that by means of a proper dam I 1 am and means of distribution gooseberry hallcy can proper pro perv reservoir and ions ton serNe all the headwaters of price river and contiguous watersheds at an elevation which makes such water unter available al lable to ever acres of rich land tand in ill carbon county now I largely owned by the tho proposed shareholders of the compan nv and that the cost of such ilam lain and proper means of distribution will be b less thin than WW MW see bee matte estimate third that compared with existing valee of water right tights in carbon and adjacent jacent counties count ice uch such water rights would ahe b worth not leas ic than W W for WM acre cr or har or for the tho yam ytm ami and would rent for ft 9 per acre or sh h ir rv or for 75 76 W W tor for the arshem per annum 8 table of water rights HISTORY OF organization on the hh of march the slum alam moth reservoir was indor OFFICERS AND AGENTS DIRECTORS wm D Ll allingston Ingston Mar martl 11 city jamas AV hoggan city iaac isaac II 11 grace Nep nephi ht IF city y reuban G miller price e lel levi N 1 harmon price wm D livingston livings ton president isaac 11 gracce vice president james W Pax intili Sec secretary mantl city savings dank danl treasurer vm D livingston attorney doremus kelsey engineers levi N ilarion II armon bupt of shareholders BY y permission manti city S swings ing bank manti city utah savings trust co salt 1 aa ake city first N bial bank of oi price price tJUi U blut tt 01 iw ine wre town 0 Mi eison N a 8 1 I 1 v I 1 L ju DIE LitUs i juliae jacbo baring oily i f V adaus e n 0 U i 1 i v i i is blacey jeitles JUIt it les 4 VV NV ilo glian mid and louia uis r v heckel Jua mulita liti alit company proceeded tai lu to ine tile lavva and the rules of the to lo 10 cute tile aitu situ and und PI pale the necessary plats and survey surveys to secure title lu to ti tie e F ri 11 e lion the an ali incident to securing title I As 0 vt ot i by the company against adverse ellit nants ilithe acre cre in me trie bait lake lahe city land onice office and were carried to washington chete they atre u de cidad favorably to the mammoth reservoir company giving a clear and undisputed title to the bite ibee bee notifications from froin interior department in the carly part of an agitation of 0 ina the vatar question lon anions the people on the west side of sanpete valley resulted in a cle determination termInation on the part of 0 the leading to organize a company of 0 land owners purchase the Manini mammoth oth reservoir site and construct the reservoir system tor for the ube and benefit ot of tae the stockholders meetings held in the arious 1 settlements and committees were ere appointed to se cuie unanimity of action the agitation culminated in the purchase oc the mamroth reservoir stock and al all property rights represented thereby the company as then reorganized and the art IcIeL of incorporation amended to meet the new condl conditions under the amended articles of incorporation po ration of the mammoth reservoir company adopted dec 10 1900 the existence of the company was aas fixed at fifty years the maximum length of time permitted by law ita its principal place of or business Is located at moroni sanpete county after last seasons work the company found that the building ot of the required tunnel two and one halt hair miles through the wasatch ridge and th I 1 other large expense expenses incident to takina the reservoir water to sanpete county were ere too large for or the people of ban san pete county to under undertake Lake and that t L iela projecting the system into san pete county would not be good economics us carbon county lands were available for the water with about one third the rost rest of taking them to san peto pete bounty county besides affording the opportunity port unity ot of utilizing about double the amount ol 01 0 surplus waters from price river coming into the river below the reservoir dam and more than this it Is true that the market for agricultural products in carbon county la Is not only tar far better than in sanpete San pete but perhaps outdoor s any in utah so after a thorough consideration ot at th ahr project in all its bea bearings ringa the company concluded to apply the waters of its system as hereinbefore set forth the capitalization of the company lq 1 divided into shares of a par value of 10 each organization the he of the company are a blaid or five directors three of whom i institute a business and one of whom la Is elected by the board ai a i its president and one as its vice president a secretary and a treasurer who are elected by the board and such other and further officers and agents as the baird may inay tn engage gageL all officers hold office for two years and until their successors ore are elected prid unless removed for cause or resign the terms commencing in march of each al year efter 1898 agents or officers ot of tre company will be placed in each city or town ton in carbon count as the business of the company may necessitate with special authority and anti 1 duties us an the convenience of the company I 1 and the res respect e shareholders shareholder a may acquire the annual meetings of the stock halderm are to be held hold on oil th first monday in march of each year at the general office unless other cothen lei ordered I 1 block PAID UP the stock of the company is to be subscribed and paid up to 2 per sarre at once the deterred deferred payments airo to i per share are to be paid in cash installments 49 u per the tenor of a subscription agreement see copy ASSES assessments the stock of the company Is assessable but no further cash assessments v will bo be made until a necessity for a finking sinking fund with which to pay off the obligations oc or the proposed bonded indebtedness debt edness arises the arlous streams of the goode berry valley alley and contiguous contributory watersheds have hae been appropriated as follows price rier and goo gooseberry ceberry creek SM cubic feet per second cabin hollow crook 16 1 cubic feet per kocand boulger creek cuble cubic feet por pee fd c d flat canyon creek so 50 cubic ft p per er second hawk esfir 10 cubic feet ft per second cond garlick canyon creek 10 cubic fe fee per por ee aemil id swan won canyon charon creek so 60 cubic ft per I 1 eoa 0 r mill canyon creek crook 10 bubl 0 ft per pr nd A elal decree has been made by the seenah se anth district court of utah awarding to the ISI mammoth ammoth company sufficient sum clent of the mateis s of price river riner from gooseberry valley alley to fill ite its reservoir work has been diligently prosecuted in each ol 01 the other appropriations and the title Is now in good legal tom to m there la Is over now expended in the project ot of which Is borrowed ron ed money for por the money expended to date there la Is a good showing the franchises titles and rights have all been placed on a solid basis b atals I 1 dihe he excavations tor the dam clain ara are all completed and a 0 large portion of the dam built in III short all the tedious and difficult incidents of the dam are complete in the outlet tunnel and gate shaft all surveys plane plans and spec specify ift have been completed and machinery tools buildings and all equipments are on hand with which to fully complete the system in fact me largest part of the pro project jett may way be said to be accomplished BOND ISSUE the pramot s of this irrigation system fully r e fie the magnitude of completing it ie e resources of the company and shareholders and they believe that to do so in one season would perhaps exhaust all the means and energy which could be commanded by the company and leave it weak and open to embarrassment should the shareholders find them themselves seles not amply prepared to respond promptly to calls or shoud it meet forseen un reverses at least it might be embarrassed in not being able to readily take hold of all opportunities confronting it the directors of the company therefore believe thit that a bond issue would be economical and financial prudence to say nothing of the many other business merits attending such a move they feel that the prevailing rate of interest in carbon county when hen compared with the rate at which bonds could probably be floated would alone justify bonding consequently an endeavor ft be made to consummate a bond issue of about 5 per cent five year bonds at the earliest pos siLle date consistent with the conservative progress of the undertaking the obligations of the shareholders to the company when all the stock Is liken taken will be ample to pay the bonds the rental value of the water nater for three years rears from the date 0 completion will be ample to pay the banded indebtedness and accrued interest an anguil annu it asse assessment of 23 25 cents per share will pay the interest on the bond bonds and all incidental costs A study of the mammoth estem compared gitil the value and return of other water rights ip 1 carbon emery and sanpete counts s shows to even the skeptical that thia this system Is 1 meritorious and inviting as a investment it Is expected thit the details of the bond ibue i ft ill be perfected by a mutual understanding between the company and re representing capital who may interest themselves in such issue the obligations are in the foeloa following ing form and are to represent subscription AGREEMENT snares amount FOR AND IN consideration CONSI DURATION ot of the mammoth company projecting system ao so that its waters will b tw applied to the of the lands in carbon and emery counties count len and nd of the liabilities and ani obligation oil o il gutlOn ff in cured by it t in the provisions of thie this n by entering the I 1 upon ite its boo blohs ks as an one ome of it ite Z shareholder h 1 der to the extent of the charee a hr herein I 1 hereby make ft a in in for aty as of 0 fully up stock sall fm for fulti which I 1 hereby voir win company pany PRO TO PAY ply to the 3 mammoth company or order the sum oc of in in 12 stall ments aa as follows dowl as the initial payment an and d the um sum ot of on the first day ot of june taci acar u thereafter until paid together with interest on such installment installments from acm nov 1 1903 until raid paid at the rate of 10 per cent per annum and the conditions in case of my fal ure to pay eald said installments stall atall ments when due as herein act forth are that the said company may instead of commencing nun suit discharge me from all obligation obligations to pa the remaining installments on kill smi stock by giving me credit for or the unpaid installments in consideration ot of which credit when so made I 1 hereby sell transfer and surrender unto the Af mammoth ammoth reservoir company ill stock interest in stock or stock payment credits owned by me on the book books of 0 a aid company in any way incident to t this subscription and I 1 hereby irrevocably constitute the secretary ot ill company my attorney to transfer the same on the books of 0 the company 1 falth I th full pou power er of substitution in the 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