And the commission isn't to be sneezed at." Mr.McDonnell's features relaxed into a smile.
"I never saw an irrigation scheme yet that didn't look a money-maker on paper," he stated, "nevertheless, seventy-five per cent.

of them wind up in the hands of a receiver." "Because of faulty estimates and wasteful construction, yes.

Because they're generally too big, and the interest eats them up before the land is sold.

Because some start building on a shoestring.

Or because of changes in the projects that are costly, or rows in the management, or insufficient water, or bad land titles--I know, I know.