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Updated: June 26, 2025
He had gone directly to the river from the East, taking a surveyor with him, and as soon as his application for the water-right in Big Squaw creek had been granted he got a crew together composed chiefly of the magnates from Ore City who, owing to Dill's failure to take up the options, found themselves still at leisure and the financial depression unrelieved.
I want to tie up fifty sections on that valley aggregating 32,000 acres. I have money enough in bank at Bakersfield after paying my expenses here, to accomplish that. If I can tie that land up, my water-right is worth millions.
Of course, in the event that I should, after the lapse of years, be financially unable to develop my water-right, or interest others in it, I should lose it and they would grab it, no doubt. But they will buy me out, I think, rather than brook delay." She raised her face, transfigured through the tears. "Then, win or lose "
In furtherance of the general settlement, those of us directly concerned in the mining industry would be prepared to recommend a modification of the claims of the surface holder and a final settlement of the question on the lines suggested as preferable to the continued uncertainty, on the understanding that the basis for valuation should be arrived at by fixing, after consultation, a maximum price upon the best situated bewaarplaatsen or water-right, and that the price of all other mining rights under bewaarplaatsen, machine stands or water-rights be valued by competent engineers on the basis and in relation to the above maximum value, taking into consideration the comparative value of the outcrop claims and the diminishing value in depth; the surface holder having the preferent right to acquire the undermining rights at the price thus arrived at.
How did he discover you had a water-right, investigate it, ascertain its value and then, come seeking you, all in the course of one week?" "That is very easily explained, Donna.
I continued to muse upon her pretty fancies, while Monsieur Paul related to me, as he puffed a very strong cigar, the history of some suit he had brought against the commune about a water-right. Madame de Gabry, feeling the chill night air, began to shiver under the shawl her husband had wrapped about her, and left us to go to her room.
The bondholders know more about the Symes Irrigation Company and conditions under the project than I ever did. They know that your none too perfect water-right won't furnish water for a third of the land under the ditch. They know that if you had every water-right on the river that there's some ten thousand acres of high land that couldn't be reached with a fire-hose.
That is why I want to know if you are prepared to lend me $39,000 to call their bluff. I will assign you a half interest in a certain water-right which I possess, as security for the advance. My water-right is worth millions." "It will have to be, if I am to consider your suggestion seriously. Get your fifty applications passed to patent first, however.
The ditch carried the whole creek without any trouble, and there was plenty of room at the top for more!" "Hell!" said Billy, just as Dill knew he would say. "But he can't take out any more than his water-right calls for," he added. "Yuh got a water right along with the ranch, didn't yuh say?" "I got three the third, fourth, and fifth. I have looked into the matter very closely in the last week.
"I talked over the matter of water and power rights with Harley P. and he says they will pay a big price for anything like you have. I didn't tell him you owned a power and water-right just mentioned that I knew a man who owned one. Since then I've been reading up on the subject and I discovered that you have enough water to develop three times the acreage you plan to acquire.
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