Semi-weekly herald., 1910-12-29
LAND WiLpcATTiNG
SHOULD BE DISCOURAGED


FARMINGTON. N. NJ. Dec, 81
For the protection OF your many read
ers you are requested to call attention
to the unfair and misleading methods
employed by some land concerns
which have been operating in Texas,
Florida. Colorado, portions of New
Mexico and Old Mexico, and perhaps
elsewhere the past few years, some Of
which have already been dislodged
fraud orders issued by the govern
ment.
The evil practice by which millions
are taken from people In every state
is the lottery" allotment" or "auc-
tion" plan by which few good acres
ore made to sell thousands of acres OF
worthless land. These schemes are
usually bolstered up with capital
prizes" or cheap town lots as pre-
niums. The literature sent broadcast
over the country is SO ingeniously
worded as to cover up most OF the
poisonous fangs. One concern lately
budded out is so original that 1t has
covered up the lottery features entire
ly In It's elaborate printed matter.
The only allusion as to how the vic
tim Is to come into possession OF any
of their lands is under the caption OF
OUR PLAN.
"Our plan Is to divide the irrigable
land into ten acre tracts; the non-lr-
rigable lands into tracts larger than
ten acres, the size of the tract to be
determined by the character of the
soil. and the distance from transpor.
tation, but to be as nearly as possible
OF the same value as ten acres OF ir-
rigable land. This value for the pur-
pose of sale we have fixed at $3.50 a
tract in monthly payments OF ten
dollars each.
There will be about 10000 acres
Of irrigable land TO be divided Into
ten thousand ten-acre tracts, and about
$50, 900 acres of dry farming. grazing
and timber lands divided into about
an equal number of larger tracts.
varying in size but as nearly equal
In value as possible, the values to be
determined by character of soil. dis
tance from transportation. and other
factors ordinarily used to determine
values
tn, ahC..1 tatxr atI tufn M
less than 20 per cent OF the revenue
derived from the sale OF land until 1t
has reached the sum OF one million
dollars, II such an expenditure Is re-
crn system OF irrigation. Said system
VIII, when completed, be SO construct
ed as to convey water to each ten
acre tract This money Is to be kept
work only. Each purchaser OF ten
acre tract will receive from the com
Dany a share OF stock in an irriga-
ton company, which company will
each share. $3.50. and as there are an
equal number OF ten-acre tracts and
shares, this means that the irrigation
plant Will be owned and controlled
wholly by the purchasers OF the ten.
acre tracts"
There is absolutel yno allusion as
to the time limit on beginning or COM
pletion OF the Irrigation system. where
the water is to come from, or when
their auction" may be pulled off. If
ever.
You and all other editors will be
quite safe In advising your readers to
pay over no monies to anyone for real
estate anywhere until warranty deed
and. abstract Ii forth coming; then
obtain an opinion on same from reput-
able attorney or banker. Above all
an inspection In person or by reliable
proxy should be made before seriously
considering q realty transaction.
With the united cooperation OF the
press 1t may be possible to drive land
| sharks out OF business. a..
Ten dollars down and ten do1laka
month" paid to wildcat land snhenr
ers has doubtless blighted the hopss =
Thousands OF heads OF poor lAuilssa
especially In the largs cltioo. \. sl .S
~ oSr No. n