(Governor Gage #5) of it for forestry. The price agreed upon, $10 per acre, being low, we extended its boundaries so as to make sure that the visible spring and the water bearing stratum be included. In addition to these four parcels and as an easement thereto, we have a right to dam the creek on Mr. Lowe?s land which extends a quarter of a mile above the land on which we have an option and to appropriate this water to our use. This right is very desirable for the purpose of irrigating a considerable part of the valley land, also to serve for stock purposes, should the spring supply prove insufficient. In addition to the water of the spring and creek, we are informed and believe that a sufficient supply of water for domestic and steam purposes can be obtained from wells 25 feet or less deep. On the highest part of the 15 acre parcel, there is a rock deposit suitable for roads and also for concrete work for the foundation of the buildings and for reservoirs. We may or may not buy this 15 acre parcel. If we do not buy it, we can for the sum of $10 acquire the right to take rock from this deposit to the depth of ten feet below the highest point. It would seem best to include these 15 acres in the purchase as it will give us a wider frontage on the Railroad. The price of this 15 acre parcel is considerably higher than the other land, but it is worth more as one-half of the $40 per acre parcel is foothill land, the same as the $35. per acre parcel while the $70. per acre parcel extends less than half the distance from the Railroad to the foothills - besides this, the 15 acre tract is nearer the City. Assuming the total area of the land on which we have an option to be 275 acres, the total price including the water privilege figures up $6860.00 or say $25.00 per acre. We are seeking to secure about 30 acres of the land which lies between