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new canal from the Arkansas River to be used solely for <br />conveying flood waters to the Horse Creek and Adobe <br />Creek Reservoirs, and to complete these reservoirs with <br />their feeder canals from the two streams. <br />The expenditure of this money for construction was <br />made during the three years following, but was found <br />insufficient to fully complete the work on account of the <br />general increase in the prices of labor and materials, <br />due to general prosperity, and the costs of the rights of <br />way, which were greater than had been estimated. The <br />deficiency was made up by the issue of notes payable <br />among several of the local banks, for a total sum of <br />$121,800.00, due in from one to four years, the greater <br />part of which indebtedness falls due upon the date at <br />which it is optional with the company to pay its bonds. <br />By means of a stipulation made in the U. S. Circuit Court <br />in the case of Ft. Lyon Canal Co., plaintiff, vs. the Ar- <br />kansas Valley Sugar Beet & Irrigated Land Co., suc- <br />cessor to the Great Plains Water Co., the latter was <br />released from the obligation of the first contract to im- <br />prove the King Reservoir, and consented in future to <br />furnish the Ft. Lyon Canal Co., with 5,483 acre -feet of <br />water annually out of the Queen Reservoir in consider- <br />ation of the payment of $10,000.00 and the relinquish- <br />ment of that clause of the first contract which required <br />the Great Plains Co., to develop the King Reservoir for <br />30% of its maximum available capacity, estimated at <br />18,277 acre -feet in all. <br />Thurston Lake, near the lower end of the canal, adjoin- <br />ing King Reservoir, was also purchased, and in 1905 <br />was developed into a useful reservoir to the extent of <br />21 <br />