The Richfield recorder. (Richfield, Idaho) 1909-1931, 1909-05-06

4 trayagent joke to make out the deeds
for two or three times as much land
as he really wanted and was able to
care for. That was considered fair
5usiness--tO soak Il man for two or
three times as much land as he ask
ed for; the seller considered himself
in luck to be rid of it.
But it isn't so now. On the ranch
on which Governor Goodlng has held
for SO many years, a town has been
built up within 6 months, with 1900
/ people; lands have been sold adja-
cent to the townsite for $500 an acre;
close to a million dollars worth of
building has already been finished
or is already actually begun on this
land, and the town has only fairly
started to grow.
Governor Gooding is interested in
some large ranches above Richfeld,
as well as at Gooding. He believes
in no section OF Idaho are there such
wonderful opportunities to make
clean, quick money as in the irrigated
lands OF this section. Some Of the
Idaho Irrigation company lands adj
Join his wonderful Gooding ranch
and should be almost if not fully as
valuable
What has been done at Gooding,
can be done again at Dietrich, and at
Richfeid. Each OF these towns is The
key to an exclusive tract Of IS good
land as that which surrounds Good
ing There are yet lands around Rich
field, selling at $500 an acre, with
small bonuses for purchasers Of the
original holders where these lands
have been al eady filed on, whicn
hould be as good as any $50 -an-acre
.aad anywhere. AT Dietrich, the land
is to sell for $50 an acre, with the
first payment only s325, and the
balance on easy fnstallments the first
one due after water is delivered and
the applicant has a season to raise
crop. There is very little such land
left for reclamation in the West, as
lands have already been taken. And
what is lef' is going to b higher in
p',oe. Within l year, it n,y be stat
Cd almost as IN i1iom, that $50 WI
c fbe milinum price for any re-
Claimed land to be opened fc tie
rdlilic. It is doubtful whether there
will be an acre sold year after, for
less than $50; and it would be fair
guess to say that for four or FIVE
years the annual gain will be $40 an
acre in the selling price. This is in
evitable, since the easier projects are
being taken up first, and it is not
possible to store water in expensive
reservoirs as cheaply as one could
take the water from the open rivers.
With each project opened up, water
must become increasingly expensive.
And with every increase in the
price of land, every previously irri-
gated acre goes up in price. The
'aising of the price of the Salmon
liver project to $40. whereas the Or
ginal Twin Falls lands adjoining sold
or $25, raised every acre of the old
ract by precisely that much The
'ale of King Hill lands for $65 an
lcre, raised the price of every acre
If valley lands there about to the
anne standard The Twin Falls
North Side tract, selling for $95, rails
d the value Of all privately owned
ands, and of the original Twin Falls
i25 lands, to the same plane.
If these increases go on-and they
bsolutely must, such is the demand
or irrigated lands, demand based
n the real producing value of the
ands-a purchase right now is one
f the best investments known to the
nancial world. 1t means that in
r years, every acre OF land pur-
hased under the Idaho Irrigation
ompany projects, either at Richfie-d
r North Gooding at s35 an acre, or
t Dietrich at $50, will double in
alue without the buyers volition If
ne buyer wants to improve his land,
-hich every rational buyer should
e can make it do far better.
In what line of business can one be
} sure, or get such rapid returns, as
/ buying lands in Irrigated Idaho?