It was done considerably last summer. Of course, it is permitted by law and is perfectly legitimate, and last summer when people saw, as they have been seeing for some years, that water has become very valuable, some speculators covered many of these water rights for a term of years, rendering it impossible for other men, who might toe bona fide investors, to get these water rights, which are becoming of greater value year by year.
(Mr. AMES. By what authority are the water rights issued ? ,
Subtopic: YUKON TERRITORY.