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Show oo- STOCKHOLDERS CONSIDERING AN OFFER The meeting of the stockholders of the Davis & Weber Counties Canal company, to again consider the question ques-tion of Eelllng tho company's power plant at Rlvc-rdale, was well attended thiB morning The entiro forenoon was taken up by tho committee appointed to report on the general conditions of the company com-pany business and the value of the power plant. Tho committee was composed of P. A. DIs, J. W. lensen and W. H. Wilcox, Mr. JenBen rendering ren-dering the report of tho committee. Tho report was quite length', but a general summary of tho investigations and conclusions of the 'committee were that the power plant, which cost the company approximately $303,000. will yield a not annual earning to the company of ..OOO. It was oaid by Mr. JeDnen that the gross earnings i would be about $110,000 and the cost of maintenance and operating expenses ex-penses would bo approximately ?40,-000. ?40,-000. It is estimated that the earnings of Iho plant v.ill pav interest en uearlv a million dollars. The company is offered of-fered 1525.000 for the plant. Tho manner of operation, water measurements, measure-ments, plant capacity, equipment and other questions connected with handling han-dling of an electric plant, wero illustrated il-lustrated by means of charts and plans drawn by eho committee. Mr. Jensen said that the work of enlarging enlarg-ing the dam to meet the requirements of the power plant and also serve the additional needs or tho stockholders for irrigation purposes, was about 300 000, but tho committee had not figured definitely as to what Dart of the expenditure the plant should bear aad the part the Irrigation end would carry. The canal has a earning capacity of 925-seoond feet and -125-second feet was sufficient water to irrigate the 12 000 acres of land that Is now being cultivated, ao that If the remaining 12.000 acres are to be placed under cultivation the canal would furnish tho required curuitiv of water and Ftlll there would be water to sDare. It was estimated that the stockholders stockhold-ers own in the neighborhood to 24,000 acres of irrigable land It Is difficult to determine what the farmerB will do Some, in f3Ct nearly near-ly all, of the larger stockholders de-slro de-slro to soil, while the men with smaller small-er holdings think the power p'ant is a good thing to keep and ihey wl'l vote against" the sale The matter Is being discussed this afternoon and a vote on the question may not be taken tak-en until a late hour. -oo |