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1,279,865.77, an enormous sum at the time equivalent to $ 43.4 million today. A legal judgment had already been entered against the
California Development Company in favor of the New Liverpool Salt Company on January 10, 1908, in the amount of $ 458,246.23 (equivalent to $ 15.5 million today) with interest to accrue from that date, to compensate the salt company for the value of its destroyed property, basing its claim upon the alleged negligent action of the California Development Company in cutting the bank of the Colorado River and thus permitting the flow of water into the former Salton Sink destroying its lands.
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to mend the broken canal. Ultimately, this "financial assistance" resulted in the
Southern Pacific Company obtaining a legal judgment against the California Development Company entered in the Superior Court of California in and for the County of Los Angeles on December 30, 1909, in the amount of $
181:. The Imperial Canal filled with silt at an alarming pace. While attempts were made to create a diversion around the silt blockages, winter flooding in 1905 tumbled the diversion canal. The whole of the Colorado River poured into the Salton Sink, forming the
211:, 171 Cal. 173, 173-222, 152 P. 542, 542-563 (1915). There are no less than eight judicial decisions involving this case that were published by the California Supreme Court between March 13, 1911, and February 13, 1919.
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An expansive recounting of the rise and fall of the
California Development Company appears in a lengthy legal decision issued by the Supreme Court of California on October 9, 1915, entitled
185:. The area was a scene of flood for two years until the canal breach was mended. As the waters dried up the Salton Sea was reduced in size, but it is still the largest lake in California.
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Laflin, P., 1995. The Salton Sea: California's overlooked treasure. The
Periscope, Coachella Valley Historical Society, Indio, California. 61 pp. (Reprinted in 1999), pp.13-30
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was completed within two years. It received water from the
Colorado River, which, by the time it had flowed to the Imperial Valley, contained massive amounts of
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How Much Is That in Real Money? A Historical Price Index for Use as a
Deflator of Money Values in the Economy of the United States: Addenda et Corrigenda
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Title
Insurance and Trust Company v. California Development Company, Southern Pacific Company, New Liverpool Salt Company, Boaz Duncan, W. H. Holabird
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The
California Development Company was financially strained by this point, and in fact relied upon a financial loan and physical assistance from
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brought up an inadequate supply of water for such a hot, arid region. The
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over the disaster, made the
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How Much Is That in Real Money? A Historical Price Index for Use as a Deflator of Money Values in the Economy of the United States
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345:; by Laflin, P., 1995; 61 pp; Indio, California (Reprinted in 1999).
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Construction and civil engineering companies established in 1896
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was formed in 1896 as a replacement for the defunct
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311:"Consumer Price Index (estimate) 1800–"
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246:Salton Sink
221:Alamo Canal
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140:agriculture
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241:Salton Sea
183:Salton Sea
164:Salton Sea
136:California
128:irrigation
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204:in 1911.
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