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209 <br /> �ti <br /> O <br /> 0 <br /> in the role of Federal representative. <br /> mi <br /> Without going into the baokground with which we <br /> are all familiar, the fact remains that Oadd a Dam or John ° <br /> Martin has a <br /> peculiar status, and that the total, cost of this <br /> oenstraetton has been borne by the United dtatea Government* <br /> and that cost is not payable directly by the mater users. .1 <br /> St and one other pro jeot are in that exempted category, <br /> counsel says. <br /> That gives Caddo* Reservoir a peculiar status in <br /> the Federal statute in that it represents an entirely Federal <br /> Investment and acmounts for the fact that Federal ageacj.es <br /> that you referred to had expressed an unusual interest. <br /> I think that fast must be recognised, as to the <br /> merits or equity, but as to the fact of the matter-. <br /> MR. KITCHFd•L; General, I don't think we are over <br /> looking that a bit. Our preposition is thief True, it t <br /> constructed with Federal funds and it has a public interest ,, <br /> but that public interest does not need to be so comprehensive <br /> that it destroys primary interests. That is our thought.' Of <br /> course, for me personally, I would prefer that the two states <br /> would issue bonds and pay the Federal Government bank and take <br /> it over, and let us be practical in that t regard.= It is just <br /> as such a public project with a limited objective as it could <br /> be with all possible objectives,. state of whioh we think in <br /> this instance conflict with the priaarar objestives'`' I think <br />