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<br />001663 <br /> <br />little of the debt could be retired. In 1941 the ratio of deposite to <br /> <br />loans and discounts was higher in the project area, 5.1 to 1, than in <br /> <br />the State as a whole, 3.1 to 1. Unit retail and wholesale trade re- <br /> <br />ceipts were slightly below those for the entire State in 19L\O. Relief <br /> <br /> <br />problems were similar to those existing elsel<here in the State and the <br /> <br /> <br />Nation. During and since World War II, prices received for @Oods and <br /> <br />products produced in the area have been high. In addition, the water <br /> <br />supply for irrigation and industrial use has been fairly adequate-- <br /> <br />well above the long term average. However, the threat of a drought <br /> <br />similar to ttlat of the 1930' s is ever present. <br /> <br />Present liater Develooments and Needs <br /> <br />Irria:ation <br /> <br />In the early days irri"ation in the Arkansas Valley wae confined <br /> <br />to raising grains, hay, and some vegetables to supply local needs. <br /> <br />The lack of transportation contributed to high prices for the home- <br /> <br />grown produce and prohibited shipping to distant markets. This type <br /> <br />of irrigation coincided with the available stream runoff. <br /> <br />With the completion of the railroads from Kansas City and the <br /> <br />East through the Arkansas Valley to Pueblo and thence northward to <br /> <br />Denver, ready markets became available for more diversified crops. <br /> <br />5' _:1:,1: t"j <br />develo-oed for late.' water <br />- A <br /> <br />could not supply. These changing conditions created the need for <br /> <br />Thus a gradual demand <br /> <br />which the streams <br /> <br />storing the flood water and >nnter streamflows for late summer irri- <br /> <br />gation. As a result three reservoirs in the headwaters region and <br /> <br />19 <br />