Front-Page News from BurnetNatural resources, powerful politicians and the resilience of Burnet's population changed the course of this tiny ranching town's history in the middle of the Great Depression. When a private company's plans for an electricity producing dam across the Colorado River went bankrupt in 1932, Burnet's economy was crushed. It wasn't until the fall of 1935 that the new Lower Colorado River Authority revived the project and Burnet's boom began. By the end of