Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1902-06-17

temporarily arrested only. When the
country recovered from the effects of
the depression. then Iowa land would
continue its upward tendency. The
plain, business-like reason for this is
that Iowa land year in and year out
will yield what is considered a good
rate of interest-considerin that the
investment is absolutely the best on
earth-upon an investment OF S100 per
acre.
Better Than Government Bonds.
Business enterprises are valued
nowadays upon the basis of earning
capacity. Railway stocks are sold up
on this basis and the farm will be sold
on that basis. Government bonds
yielding only two per cent interest
command premium today because
they are considered safe investment
Yet a good Iowa farm is surer in
vestment than government bond. To
equal this, land must yield but So per
acre upon a 500 per acre basis.
congressman Have Land Fever.
Nearly every member of the Iowa
delegation in congress has the land
fever. Col. Hepburn says Iowa land
will go to 500 per acre because it is
actually worth that sum as business
proposition; there is no speculation in
it. The soil will produce vegetation
selling at prices making land a profit
able investment at that figure. Con-
gresham Haugen has such confidenc
in Iowa land that he takes in every
thing he can get hold of at prevailing
! mr. or, ISNtf, -,
DoIliver Enthusiastic.
Senator Dolliver is perhaps the most
enthusiastic Iowa land" man in
Washington. He has talked hundred
dollar land for two years and says now
that price is almost in sight. The SEN
ator owns a fine farm in Webster
county and he says no man can buy it.
Said he: eff l should sell those broad
acres at 500 per acre it would give me
! quite sum of money. | might invest
the money in some apparently safe and
profitable enterprise; the enterprise
might fail and l should be penniless.
1 With that farm in my possession pow
| erty can have no terrors for me. There
will always be a good living for myself
and family upon that farm. 1t cannot
be bought"
Change in National Bank Law.
The senate will undoubtedly consider
at this session, am told, Congressman
| Cousins bill which passed the house
! providing for the change of population
limit from $4,000 to $4,000 in cities to
make national banks located therein
eligible as repositories for govern
! ment funds. Under the present law
1 Des Moines is the only city in Iowa
coming within the scope of its provi-
sions. Under the Cousins bill there
would be dozen Iowa cities added to
/ the list Iowa senators have within
the past few days had letters from a
large number of Iowa bankers touch
ing this proposition, and in every case
the bill has been cordially approved
and the senators urged to support the
measure.
Mrs. DoIiver Coming to Iowa.
Mrs. Dolliver and the two children
{ will leave Washington for Iowa next
Tuesday. The eldest daughter, now
two and a half years old, has beer
quite i'll the past week and it has beer
deemed advisable to get the little
folks out of the heated city into the
purer air and better playing" quarters
2 in Iowa.
!, Shaws Summer in Vermont.
Secretary Shaw of the treasury hal
taken house upon Lake Champlain
, in his native state, Vermont. and Mrs
Shaw and family will probably remain
there during the greater part of the
summer. The secretary will run VI
for a week or SO at a time, during thu
heated term as official duties will per
nit He takes the position, however
that as secretary of the treasury hi:
place is in the treasury the greater
portion of the time, and official mat
tiers will not be neglected.
Washington, June 10.
) John H. CARRIER of Pella, Iowa, an ex
pert statistician in the Office of the
: director of the census, has just com
| pleted one of the largest bulletins
thus far issued by the bureau, bearing
: upon the alcoholic liquor industry.
During the winter Mr.. CARRIER pre-
pared the special bulletin on oleomar
: garine which appeared contemporan
cous with the discussion of that prob
lem in the senate, and which attracted
much favorable comment by reason Of
the comprehensiveness and intelli
. gence with which the topic was treat
:. ed. Mr.. CARRIERS success with the
oleo proposition led to his being chos
en- to collate the figures and informa
ton in the alcoholic liquor industry.
The bulletin makes forty-one large
!, pages, perhaps two-thirds being ia
bles covering every conceivable feat
ure of the manufacture of liquors like
ly to be of public interest. From thi
: great mass of facts and figures, fur
;. nished your correspondent in proc
!, sheet form. some details have been Sc
, lected which may be of interest t.
a Iowa people.
s Wine Simplest Liquor.
y Alcohol is natural product derived
g from sugar in the process of alcohol
a fermentation. Wine is the simples
L and its manufacture the least compile,
e of all alcoholic liquors, as it consist
;, right OF every child ES s n