AZ vs. CA:04 California Exhibits, Vol. IV; Nos. 151-192

page 10

-10- Your receiver, in order to improve general conditions in Imperial Valley, has kept a large portion of his funds on deposit in the various Imperial Valley banks. During the year ending December 31st, 1915, the average monthly balance in the said institutions amounted to $152,500.00. It is with gratification your receiver reports that during the period December 13th, 1909, to December 31st, 1915, the interest paid by the banks on the funds on deposit to the credit of your receiver aggregated approximately $28,000.00. On November 24th, 1911, W. B. Mathews became the attorney for your receiver, Judge McKinley having resigned. It is difficult to make an estimate of the value of Mr. Mathews' services. Almost daily your receiver has been obliged to consult with him, owing to the many angles and unprecedented questions arising in this great lawsuit, and it is with great satisfaction that your receiver realizes that Mr. Mathews' advice has kept him strictly on a legal trail. Your receiver desires to make a matter of record the efficiency of his official staff and their assistants, who have contributed so greatly to whatever measure of success has been attained in the management of this greatest of American irrigation systems. Practically all of the officers and employees in Imperial Valley are young men, who have long lived in the Imperial Valley. In very few instances have outsiders been given positions and it is with great satisfaction that your receiver commends the organization that has been built under the direction of Chief Engineer J. C. Allison. Had the property, during the past six years been operated by a private corporation, very large expendi-