Irrigation In The United States; A Discussion Of Its Legal Economic And Financial Aspects

Paperback | May 20, 2014

byRay Palmer Teele

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1915 edition. Excerpt: ... CHAPTER VTI IRRIGATION INVESTMENTS IRRIGATION SECURITIES The reclaiming of land by irrigation on any considerable scale requires the investment of large sums of money before there can be any return from the lands, since the works for bringing the water to the land must be built before crops can be grown. This initial investment, as shown by the last census, averages $15.92 per acre, while under many of the large enterprises recently carried out, it exceeds $50 per acre on the land to be reclaimed. Sale of Stock.--In the early days of construction of irrigation works on a large scale, the usual method of raising funds was the sale of stock. The great increase in the value of desert lands when water was provided made this form of investment look very attractive, as it was figured that the canal company could appropriate to itself this increase in values. This could not be done directly, as most of the land belonged to the Federal Government, and could be acquired by actual settlers only, but it was thought that it could be done by selling water rights to the settlers, who would be unable to maintain themselves on the land without the water to be furnished by the canal. This scheme did not work out, however, for the reason that the settlers did not come as rapidly as was expected, and those who did come were not forced to purchase rights. They might not be able to reclaim their lands without the water, but they could stay away or refuse to purchase rights, both of which they did. As a result most of such enterprises were failures, and investments of this kind became unpopular. This plan had two especially weak features: it depended on the settlement of the land, and there was no way in which the land could be made security for deferred...

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1915 edition. Excerpt: ... CHAPTER VTI IRRIGATION INVESTMENTS IRRIGATION SECURITIES The reclaiming of land by irrigation on any considera...

Format:PaperbackDimensions:108 pages, 9.69 × 7.44 × 0.22 inPublished:May 20, 2014Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:021793062X

ISBN - 13:9780217930628

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