The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1897-04-26
TO THE BOND BUYERS
State Land Authorities Issue Circu-
lars 10 Purchasing Firms.
CONDITION OF THE GRANTS
That OF the School OF Mines Com
mented Upon by the Commls-
sion - Backing OF Other
State institutions.
Special Dispatch to the standard.

Helena, April 25.-The state land au-
thorities have issued circulars contain
ing Information Of interest To bond
buying firms that may compete for any
or all OF the several issues authorized
by the last legislature. Each issue viii
be backed by the lands granted by the
United states government to the insti-
tuition for whose benefit the bonds viii
I've sold. The state authorities antici-
pate some trouble in disposing of all
The bonds at premiums which IL would
seem they ought to bring. The SlOO. 900
state university bonds recently sold
tu FarsOn. Leach a Co. brought a pre-
mium of only SIS. The university issue
Is considered more "gilt-edged" than
any other of the proposed issues. as its
land grant has been fully selected and
Is bringing in a certain revenue each
year The grants for the capitol build
ing. school Of mines and deaf and dumb
school are not In sucn good condition.
However. with the possible exception
of the capitol building bonds, the au-
thorities believe the issues will be sold
In the near future. Even the capitol
bonds may be sold. although the reve-
nue from the public buildings grants Is
extremely small
The circular concerning the proposed
school Of mines issue. which has Just
come from the press, win be sent to all
the bond buying houses in the United
States. II quotes the law authorizing
the $l20.000 issue and gives full infoT-
nation concerning the lands of the
school of mines grant that back the
bonds.
The total grant of the school NJ
n
10000 acres, of which 81. 5s2.sl acres
have been selected up tn date. OF that
amount ~, 1866 acres have been APP
proved and patented Ia the state, while
c,i66.a5 acres already selected are await
ing approval In the national capital,
The lands selected and approved are
located as follows: t'lathead county,
% 2SGs5 acres; Beaverhead county. H.
o35.5l acres; iallatin county. lo.sss.a2
acres; Madison county, i,OSis2 acres.
Deer Lodge county. iss acres.
Only 5,36is2 acres Of school of mines
lands have been appraised. Those are
appraised at $4S,0ll.92 and are In iva
counties. as follows: Gallatin. l.2s0
acres, at an average appraised price OF
$3S.i6 s4S, 200 Madison. i,0sis2 acres. at
an average price Of si.lS si.sli,s2. The
reappraisement now going on In Gala
lif 'NhhAN Nv W NRhhf
Of land commissioners will reduce the
appraised value Of lands one-half
The register Of the state land office.
~. ID. Moore. In commenting upon the
school Of mines lands, says:
None Of the lands belonging 10 this
fund have been sold and only one quar-
ter section leased al an annual rental
of $50.
1T will he noticed that of the total
grant of 100000 acres. only about 5ia
per cent. is appraised and ready for
sale and lease. Most of the appraised
portion has only lately been advertised
and placed ON the books uf the state
land office for sale and lease.
The location by counties Of the
6466.55 acres waiting approval AT Wash
ly in Flathead, Mssoula and Deer
Lodge counties; and the state land
agent reports 1t to be mostly valuable
timber land.
The approved selections belonging to
this fund will undoubtedly all he ap-
praised this year. and offered for sale
and lease; after which revenues Will
be derived therefrom."
The state board OF land commission
ers, which Is made up uf the governor
secretary of state. attorney general and
superintendent uf public instruction,
supplements the statement made by the
state land register with the following
which shows w the school of mines
grant in good light:
The state board of land commission
ers desires to- say In addition to the
statement made by the register OF the
land office that the lands situated In
Flathead. Gallatin and Deer Lodge
i,e, "a fa off hgr yulIIl lla fnT the
timber growing thereon or as agricul-
tural lands; in jefferson. Madison and
Beaverhead. much of the land Is graz
ing land. We expert as fast as sur
veys are made to select the rest Of the
grant, yet To he selected, in the TIM
hered lands Of Flathead. Missoula or
Ravalli counties as far as possible.
THE timbered lands are easily worth
$40 per acre and are rapidly increasing
in value each year, In much OF our
land the possibility Of finding minerals
in paying quantity IL very probable. \
good portion Of the timber land when
cleared OF timber Is very valuable as
agricultural land our agricultural
lands find ready occupants as soon as
appraised and put on the market for
sale or rental. our grazing lands rent
at from $40 to Sl0O per section OF $40
acres. Heretofore the state has been
unable to realize very much Of an in
come for the reason that we have not
had our lands appraised and offered for
sale or lease. But this part Of our work
Is pow well under way and viii be
pushed as fast as possible
The deaf and dumb asylum $4,000
issue Of bonds will be secured 10y "A
grant ~ 50.O00 acres. OF which - TO
acres have been selected. Of the lands
selected. 23.s62 acres have been patent
ed. while 5..JS acres are awaiting APP
proyal. The lands II the deaf and dumb
asylum grant that have been approved
are divided among the following Coun-
ties: Flathead li2lj acres Jefferson,
s.52I acres. Madison > $50 acres Beav-
erhead. 400; Deer Lodge, l5.u acres;
Gallatin. 6l0 acres.
Less than 5000 acres of the deaf and
dumb asylum grant have been ap-
praised. Gallatin vuUnit has go acres
appraised Al ti5 an acre OF S-s.'po JEFF
ferson has 9.527 acres OF an aNrragqe ~
N,2l an acre, and Madison has 5en
acres appraised az 81 $50. The total ap-
pralsement Is y94. $50.
None of the lands belonging 10 the
deaf and dumb asylum grant have been
sold or leased. The Madison county
lands have just been advertised and Of
fered for lease or sale The state land
register says the selections approved
VIII undoubtedly all b. appraised this
year and will then be ready for sale and
lease.
OF the Is. 900 acres in the public
building grant that back the proposed