 After going through considerable financial difficulty, the Irrigated Lands Co. was reorganized in 1911 to form the Price River Irrigation Co., which developed the project as rapidly as financial conditions and demand for water would permit.The dam failed June 25, 1917, when it was only partly completed, releasing of water and causing flood damage estimated at $1 million to railroad and mining property.The Price River Water Conservation District, a municipal corporation, was organized in 1921 for developing storage facilities in the Price River watershed to replace the destroyed Mammoth Dam.