Show LAKE P PROJECT N IS V TRY MUTT K T A AT N T U 11 SA ITS 1 da Y GU C pil T A D to as a roosevelt end ith ath headri inroe arters ri 11 oos cel c elt t is i fourd one of the lar largest grest 11 ignal irrigation corn com ir the W st if not in the united states state the stockholders ca cabi caei r be justly apts p rc nd iid of the growth and development of this splendid or organization ga n wr wc ic ich 11 waborn VT ad ld developed arder some of the most molt trying and diff d ff ault fr lt 0 is o details of which are too numerous to go into in this article which of erwill must be very brief however dewever Hc He wever I 1 wish to say in passing that the i have ave stood at vile the licad lead of its different have ur fishily riven the best they had for its welfare special come I 1 ach pd ministration ile beginning nning with 1925 there de a problem or of differences be gween the company and the indian ent th tha details of which are ara re less known to every stockholder 1 olde these differences conti continued iupe to lo ine inc ease from year to year not withstanding tho the efforts sf forts that were beig mide to bring about an amicable adjustment ox of the same at the be besin inning of 1929 it then appeared that the only solution of that vexatious question would be through the courts which at best would be a long period of expensive litigation involving involving th thousands usand a of dollars of court costs costo and attorney fees and would continue to 0 widen the beach breach and eri bitter the relations of the company and the department Depart DepaTt mert which we ve e aar alridg ady at the breaking br point and in the end po ore relief tl arnt at the stockholders would reec receive tive from murt court decision was very doubtful under these circumstances tae file board of directors directo s in 1929 undertook to effect ai arran arrangement ement whereby feby the actual differences would be determined they were successful in reaching an agreement and a period of six waa chosen uron upon which this determination would be based A stipulated amodt amot rt was agreed upon should be paid by the company to the DepaTt department ment eacia yeat yea for a pe lod of six years and at the end ot of this time a settlement was to take place based upon the yearly average of the entire period two years of that operation hive have been completed and aid so sure did the board of directors feel that even a second payment in full would reach each beyond the amount that a conference was a aran ranged ped through mr henderson iderson ne fie project eltine pr at myton with mr engle who represents the ahn findlan indian D the company urged conr cong essman doi B colton to arrange to meet with its representatives representative s at s a meeting to be held the latte part of december 1930 in silt lake city cit the results of thia a were very gratifying and arrangement was made whereby eby mr engle would recommend to the nent it that the future payments should be cusp 1 T ed until such tinie time as actual I 1 findings I nd should justify continuation of the same the dry gulch company officials feel and the findings finding justify this belief that there will be no more payments iv eded to satisfy the agee ag ee ments entered into two years rigo ago paralleling the above problem and of equal importance was the development of moon lake which has always been considered conI dered the choicest storage site of the uintah basin there were wc e numerous details and obstacles which had to be gone through and overcome necessitating a great deal ot of time and ex peise at the present time this th is p eject is in suea sua sh shape ape that it ought to move rapidity rapi dlly dily toward completion the east side has expressed itself as havins no desire to bartic participate 1 spate in this development the west side haj elpe zed itself as desiring to build this project also the great geat g eat majora majority ity of stockholders have expressed that tey cley desire to continue cont laue as one company under these conditions the question natu nata ally arises from where will the necessary enghu enthusiasm and push have to cor con in order lia t ti 1 I n c put over the moon lake project the answer to this question 14 Is vety very apparent it will not be long until the annual stockholders meeting will be held at which time i a preside inel cam complete board of directors will be elected to guide the affairs of the company for another year the out standing ng problem and the one that will need ned the greatest attention dut ing ig that period will be the moon lake personally I 1 would like to see the coming election carried out wita the greatest grea care and consideration I 1 believe that the stockholders should sh fiill vote thel own stock as much as pos able and not give proxies to those who are see seeking kini to aei own personal ends where proxies are riven given it should be done with tie the understanding I 1 that the stock will be cit cited as the owner desires I 1 hope to see the timp time when evey every stockholder will feel that his presence is siy si y and have a desire to vote IM own stock and to participate in the affairs of the company if viere fiere f iere la Is anything that stockholders do not understand in the workings of this large organization I 1 would surest suggest that they familiarize themselves with the sime it being their privilege to know every detail the more one oie works in and unde stands standa a thing tae moe mo e interest pA he be beams bec ms also holds good in this case as in other things under tese v editions men whose hearts and souls are i ri in n the development and completion of the moon aloon lake project and valo are yet tr lenough enough and broad e anoush iou h to see every detail of company interest should he be chosen at alis coming election especially should this apply to the selection of a president men af this type are not always easy to find but we have hafe ha fe them and a un effect would secure the services of such but if the results of this coming election are left to a few manipulators of proxies the best results for the company will not be obtained obtain pd pa C W SMITH |