MILES CANNON
20
become the
stone which the builders rejected has of the arch."
chief stone
with a population of 450,000, has a property valuation, according to a tax commission report, of about $500,000,000. Though as a start we are but 28 years
The
old,
state of Idaho,
we have an
indebtedness, including state, county, municipal,
which This interest charge, added to our annual running expenses, makes a burden of $11,000,000 which the people, 80 per cent of whom live within the Snake river watershed, must pay each year
school, highway, etc., amounting to $17,000,000, upon we pay an interest charge of about $3,000 per day.
for taxes.
As a you
sequel I crave your pardon if I find it necessary to lead At the time the Champoeg confar afield once more.
vention was being held,
May
2,
1843, a
Hartford, Conn., was making his alphabet. That he well succeeded
is
six-year-old boy in attempt to master the
little
first
indicated
by the
fact that
he finished his education at the University of Gottingen, Germany, before he reached his 20th year. During the period 1860-5, when states were springing up in the vast territory embraced in Old Oregon, and when the great question of secession
was being
settled
by the arbitraments of war,
this
young
man entered the banking business in the city of New York. Some light as to his success in his chosen work is furnished in
a governmental report* published and distributed in 1912, this man, together with his
and from which we learn that
immediate associates, controlled at that time, $22,245,000,000 out of a grand total of all property in the United States given as $187,739,000,000. In other words he then controlled about one-eighth of all the wealth in the country. You have already guessed the name of the famous American citizen referred to, the late
When
J.
Pierpont Morgan.
Hydro-power was sufficiently developed to insure continuous and permanent use, Mr. Morgan, as a minor achievement, organized the General Electric Company, of the
its
which The Idaho Power Company is said to be a subsidiary concern. During 1915 the latter company took over the The Pujo Congressional
Report.
