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<br /> <br />dont know exactly what the river will produce, but He do knOl'1 <br /> <br />that whatever it produces, storage Hill be necessary in order <br /> <br />. <br /> <br />to divide the aggregate of the Hater between the upper and the <br /> <br /> <br />'ltMer ba~in. NOl.], then, He may say that that river produces say <br /> <br /> <br />16 million acre feet and ,Ie \.fant to' give you 8 million. The '. <br /> <br />. <br /> <br />upper states \.fould agree, say the upper basin would agree to <br /> <br /> <br />turn past Lee's Ferry 8 million acre feet annually provided <br /> <br /> <br />storage is provided so that He may control the river sufficiently <br /> <br />to give you that, but the people of the 10\.fer states would not <br /> <br />wish at this time to be compelled to build that storage if it <br /> <br />,!ere unnecessary just to fulfill some arbitrary agreement 1,1hereby <br /> <br />there must pass Lee's Ferry, whether used or not, a certain <br /> <br />number of acre feet annually. <br /> <br />Vffi. S. B. DAVIS: I dont like the idea of a joint guarantee <br /> <br />. <br /> <br />, by the upper states at all. It puts New J.iexico in this position, <br /> <br />.. <br /> <br />assuming there is a guarantee of 5 million acre feet for the <br /> <br />sake of argument; that is more water than flows through Ne\.f <br /> <br />Nexico, and l.]e would not be in a position to sign a j oint guar_ <br /> <br /> <br />antee which the state itself could not carry out. It seems to me <br /> <br />from our standpoint that He would !>!ant something in the way of <br /> <br />an understanding as to just what portion of that Guarantee should <br /> <br />fall upon Ne\.f Nexico. <br />MR. NORVIE1:' Judge Davis has the idea of,co-partnership <br /> <br />. <br /> <br />in which each party is responsible for the whole debt. <br /> <br />. <br /> <br />VIR. S. B. DAVIS: If the 5 upper states will guarantee to <br /> <br />the lower states, that is a joint guarantee. I have, no objection <br /> <br />13th - S.F. <br />35 <br /> <br />129 <br />