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Show SOUTH FORK RESERVOIR PROJECT NOW BOOMING Hon David Eccles, President of the First National Bank, Ogden, Agrees to Secure $50,000 at 6 Per Cent Interest for Those Farmers Who Own Land and Need Water and Want Time to Make Payments for Water Rights This Will Permit of Annual Payments in 2 to 10 Years, Instead of All Cash the First Year Kanesville People Inspect Right-of-Way Through This City for 2,000 Acres of Water Right Committee Surprised Sur-prised at the Easy Way Water Can Be Taken Through Ogden City. j The South Fork Resorvolr is slowly but surely reaching the point where it will bo an assured fact The committee com-mittee in charge of the South Fork Reservoir received a big boost jester-day jester-day when Hon. David Eccles, president presi-dent of the Ogden First National Bank, advised the chairman of the committee that he would personally see that at least $50,000 in cash would be advanced to those farmers who wanted to take water rights in the reservoir company and could not pay for the same within one year as the terms of tho reservoir subscriptions required. The great drawback to the subscription subscrip-tion for reservoir stock was that tho total amount subscribed must be paid within ten months The banks, of course, have plenty of money but can loan it ail at S per cent interest. The committee In charge appealed to Mr. "Eccles to furnish G per cent money and give the farmer all the time wanted want-ed at that interest rate. Mr. Eccles at first was inclined to let others take care of the South Fork project as he is very busy with other matters, having hav-ing just finished the railroad branches to Plain City. Brlgham City and Ogden Og-den canyon, and more Improvements aro demanded of the Ogden Rapid Transit companj by the city of Ogden Og-den In tho paving districts, and when all of the enterprises of Mr. Eccles are considered it is easily to be seen that it requires the purse of a millionaire mil-lionaire to keep them all going. But Mr Eccles Interests are very large in Ogden and Weber county and when the'commlttoe told him his help was needed, he said he had no land that needed water and ho believed those who had land should be helped to socure the water rights When the committee told hlra that many of the farmers had only had from one-third to one half crops for several years and could not pay cash down for the water rights and 'were willing to give their individual land each for himself as security if G per cent Interest could be secured and from two to ten years allowed to make the payments. Mr Eccles then said, that he had no C per cent money, but would get at least ?50,000 at 6 per cent, but onlj for those farmers who have land and want water from the South Fork reservoir, but he would not furnish G per cent money for those who wanted to speculate spec-ulate on the reservoir stock This gives the owner of land the opportunity opportun-ity to pay for the water right in annual an-nual installments at 6 per cent Interest. Inter-est. One of the most prominent citizens of Ogden and a close friend of Mr. Eccles, said that Mr. Eccles could not onlv get tho $50,000 at G per cent but could get all he wanted up to several millions, but that Mr Eccles would have to personally guarantee it all and he may not want to do that Another prominent membor of the Weber club said that the presidents of each of the other banks in Ogden should follow Mr Eccles and each furnish $50,000 on the same terms. That land with water, anywhere in Weber county, was the best security In the world for $35.00 per acre and' that undoubtedly each bank could get G per cent money for the farmers if they wanted to. Tho South Fork reservoir means so much to each Ogden banker that the banks should welcome the opportunity to make sacrifices for their own good The farmers and the irrigation companies com-panies are still busy with the subscription sub-scription list. Wednesday afternoon a committee of five representing the farmers of i Kanesville visited Ogden and were taken in automobiles, accompanied by the city engineer. William Bostaph, Assistant City Engineer W. E. Roche, Commissioner O B Madson and Mayor May-or "William Glasmann. to view tho Bench Canal and also the Ogden Milling Mill-ing fc Elevator mill race, looking for a passage wa through Ogden City for 2,000 acre fcot ol water to be stored! In tho South Fork reservoir. First, the Ogden Bench canal was Inspected from the head gate In the Ogden river to Twenty-fourth street and then the mill race was followed from the Ogden river near the nortti. east corner of the City cemetery near the east line of Glenwood park down to Washington avenue to the mill. From this point to the head gate of the Wilson Irrigation canal there Is a fall of over twenty fet in a total of 7,500 feet it was decided that through tho city streets a pipe would have to be laid approximately 7,500 feet. A wood stave pipe of 24 inches would deliver the 2,000 acre feet at an esti-mated esti-mated cost of $15,000 or a 32-inch pino can be laid for 20,000, and take to tho same ditch 4,000 acre feet of water It will cost $7 50 per acre water wa-ter right to lay the 24-inch ripe for 2,000 acres of water or $5.00 per aero water right if 32-lnch pipe is used, the latter will carry 4,000 acres of water right Including the building of the pipe line it will cost from $40.00 to ?42 50 per acre water right to place the South Fork reservoir water Into the, Kanesville and Hooper ditch. This is less than one-third of the price the same people would have to pay for water from the Davis & Weber Conn-tics Conn-tics Canal, taken from tho Weber river. |
