The Shoshone River was dammed for hydroelectric power and irrigation. In 1897 and 1899 Cody and his associates acquired from the State of Wyoming the right to take water from the Shoshone River to irrigate about of land in the Big Horn Basin. They began developing a canal to carry water diverted from the river, but their plans did not include a water storage reservoir. Cody and his associates were unable to raise sufficient capital to complete their plan. Early in 1903, they joined with the Wyoming Board of Land Commissioners in urging the federal government to step in and help with irrigation in the valley.