The Colorado statesman., 1907-10-26
COLORADO LAND WILL NEVER BE
so CHEAP AGAIN, is THE
GENERAL OPINION.
is SAFE INVESTMENT
THE WEST MUST FEED THE
EAST AND FURNISH BREAD
STUFF FOR WORLD.

Z. fOung, secretary or the State Com
mercial Association, said
No one, l think, will dispute the
statement that Colorado lands are
never going to be any cheaper than
they are at the present time. No one,
either, I think, will deny that in all
probability Colorado lands will con-
tlnue to increase in value from day to
Cay, from month to month, and from
year to year. AS a matter of fact, land
values all over the state are on the in
crease. This increase is a healthy
growth. 1t is not the result of a BOOM
1t is the result of natural conditions.
Colorado is growing and growing faster
than most people have any idea of.
Colorado not only is growing in popula-
ton, but in every other way. Just as
night follows day so must all lines of
industry follow in the wake of rap
idly growing population. Colorado's
mining industry was never in better
shape than 1t is at the present day:
Colorados manufacturing industries
are growing with every passing day;
Colorado live stock interests, always
great, and always to be great. are
growing, and Colorado is taking her
tural states in the Union.
Is there any wonder, then, for the
increase in the value of Colorado lands
that is going on? A few specific in
stances gathered at random from diff
ferent sections of the state will suffice
TO illustrate the point.
William Richmond this week sold
nineteen acres of fruit land east of
Grand Junction to H. w. Patten for
$15,6S0. This is a little over $S25 per
acre. A pretty fair price for agricul-
tural land, is 1t not? Yet the pur-
chaser thinks he secured a bargain, and
there Is no reason to believe otherwise.
From his nineteen acres of fruit he
will make very nice investment on
his money. And yet few years ago.
before water was put on the land and
the orchard was planted, this land was
considered good for but little, If any
thing.
One days record of transactions in
the office of the clerk of Mesa county
aggregated $30,3S0. There were but
four deeds recorded at that. Doesn't
this one little fact show as well as any
thing the ever increasing value of land
III that section of the state?
Two years ago X. A. Lambert pur-
chased section of land in the East
Fleming precinct Of Logan county. He
paid $4,000 for it. A few days ago he
refused $4,000 for the land. A clear
gain of $4,000 in two years and good
living made off the land at that.
Charles Smith of Kersey, in Weld
county, last week sold his eighty acre
farm for $40, 1000 cash. He retained this
years crop, which he values at $4,000
Four years ago he bought this property
for $4,000. His crop this year Is worth.
more than the original price of the
land, to say nothing Of his living. The
$4,000 that he now has in his inside
pocket is practically all clear gain.
Harvey Miller bought farm near
lie Roy a year ago for $1,S00 Last
week he sold it to Holyolle man for
S2,700, a rise of over fifty per cent. in
value in year.
And so it goes all over the state. The
lesson? Buy land now.
Some transactions of considerable
magnitude have been noted during the
week just closed in lands outside OF
Denver The purchase by d. o. Mo
berly of Ault and a syndicate of Den
yer men of $4,000 acres lying between
Limon and Hugo and Union Pacific
railway for 100000 was perhaps the
biggest recorded during the week. In
cluded in the purchase is a reservoir
with 5000 acre-feet of water in 1t. The
company will build a new dam and will
increase the size of the reservoir and
will then put the property on the mar
ket. About 5000 acres will be irrl-
gated and 1000 acres devoted to dry
farming.
H. Bert Cave bought from l.. M.
Priddy of Pierce 1875 lots in the town.
site of Pierce for $4,000. Pierce has
grown within the last few months from
an insignificant little railway siding to
a town of considerable importance. The
| extension of Colorado's great irrigation
system is responsible for the growth.
The new townsite of Silt on the west
ern slope was laid out last week. Silt
is in the center of rich country
where fruit will grow to perfection and
where all sorts of crops will do ex-
ceedingly WELL Land In the vicinity is
bringing from $50 to 500 per acre al
the present time, but it is sure to ad-
vance within five years to price that
will measure up with other fruit lands
of the SLOPE
Tho old Pawnee ranch in Logan
county, which for a score OF years was
one of the biggest and best known
ranches N eastern Colorado, has been
sold to two Iowa men. There were
2,4OO acres and all of the unsold lots
of Merino included in the purchase
The price paid for the property was
about 100000. Surveyors are now at
work on the property dividing it up
into forty-acre tracts. New bitches will
be run wherever needed and many OF
the lots of Merino will be improved
also. Sixty families are expected to
come at once from Iowa to settle on
the land and 100 more families are ex-
pected within yea-. The new owners
say that within a year they will have
| a family ON every forty acres in the