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& ^OM ^ Las Vegas, Nevada November E B . S r . m 1@: M r . H . H . L a r s o n : Replying to yours of November lath, quoting Mr, Plumhof*s letter of November 8th relative to acquiring the railroad's allotment of water stock purchased by Mud-dy V alley Irrl^aM-on. Comnanv from the Federal Government, will state"that Muddy Talley Irrigation Company purchased from the Federal Government 775,81 shares of the preferred and 2402,97 shares of the common stock of Muddy Talley Ir­rigation Company, This stock was purchased by the Govern­ment from the owners of land in and about S t . Thomas when the Government condemned that land for Boulder Lake, and stock to the stockholders in proportion to their respective holdings. The basis of the allotment is one-half share for each share of preferred stock owned, and the Railroad's allotment would be one-half share of preferred and one share of common. at a cost of 125.00 per share for preferred, and fifty cents per share for common, making the total of |13.00 to be paid by the Railroad Company. | 100.00 per share for the preferred stock it acquired, and prior to the time the Government started condemning the St. Thomas lands and water rights the preferred stock had a value of approximately #100.00 per share. The Muddy Valley Irrigation Company owns all of the water flowing in the Muddy River below what is known as "The Narrows", and there is no water available at Logan-dale or any place below "The Narrows" other than that flow­ing in the Muddy River. the Irrigation Company is offering to sell this acquired This stock is being offered to its stockholders I believe the Government paid from #80.00 to