| OCR Text |
Show HISTORY OF SANPETE COUNTY. 437 from a very small concern to its present dimensions. It is an incorporated concern with a capital stock of $7,000, and doing a business of |15,000 a year. The board of directors are well-known and representative citizens and consist of the following: Jacob A. Tuft, president; E. J. Kearnes, secretary and treasurer; O. B. Berglund, manaThe firm has always deger, and Neils 0. Sorenson. clared satisfactory dividends and is known as one of the solid financial institutions of the town. It has been conducted as other organizations under the co-operative plan and gives a local market for general produce. Irrigation has been the great factor in reclaiming the deserts and making of Gunnison the leading grainproducing section of Sanpete county. Several sources of water supply are utilized and the broad fields made to yield enormous crops of grain and alfalfa. One mammoth undertaking for a colony like Gunnison is the construction of a huge reservoir by using the banks of the Sanpitch river between Sterling and Manti for natural walls of enclosure. A dam has been built across the river near Sterling and a large sheet of water four miles or more in length, about one mile in width and twenty feet in depth, impounded to be used in irrigating the fields of Gunnison. By this means the high waters of spring are held in check and distributed to shareholders for a nominal sum, thus adding many thousands of bushels to the annual cereal productions of this town. The different irrigation companies represent the investments of all the farmers, in water ditches, and have an aggregate capitalization of §245,S00 divided among six incorporated and distinct concerns. The Gunnison City and Antelope Valley Canal Company was incorporated February 18, 1896, with a capital stock of §50,000. The present official directory consists of C. A. Madsen, |
