Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1911-01-07
LAND BOARD
OPEN TO ALL
CONTINUED FROM FIRST PACT


tiers, the ultlmite end contemplated |
bv the Carey act. 1t needs no elab-
GRAFTON to explain that when this
turning over, takes place. the land
board will again be called upon to
assume tremendous responsibility
to says nothing of the innumerable
controversies between settlers and
construction companies that they
will be called upon to consider.
Zone of the important matters
in connection with the land board
worK," says State Auditor, in re-
viewing Idaho's fattering condi-
ton, sis that OF handling the en-
dowment funds. which are growing
to greater proportions each year.
The state of Idaho is one of the
biggest loaning institutions in the
country. The state now has So. 4O8,
567.13 in the endowment funds.
The state state land board is re-
quired to invest this money in GER
tain securities or loan it out on
improved farms. During the past
two years | have issued, through
the auditor'sIdepartment, state war
rants against this fund to the
amount of $1,60O,O00 for the pur-
chase Of state warrants, school
bonds and for farm loans. Of
course some of this money has been
turned over several times during
that period. But the point is that
it is no small item to invest this
vast amount to the hest advantage
and it is one Of land board to make
these en-dowments or permanent
funds earn all the money possible,
as these earnings can be used for
the maintennan of schools and
state institutions, and relieve the
taxpayer of that much burden. The
state land board has been able to
care for all the state warrants
school bonds and tarmloans Of
fertd to date. but the time has
come whnn, large farm loans
should cease except, possibly, when
the fund is abnormally large. OF
course it would not be good BUSH
ness policy to hold any consider
able sum in the treasury for any
lenght of time, awaiting applica-
tions for small looms, because the
funds should be kept invested and
yearning maintenance money.
What | mean to say is that the
applications, say frvm $500 to So
900, should have the preference
AID no large loan should be grant
ed while smaller loans are pending
/ believe that every dollar the stat'
has to loan out to farme rs whose
lands will justify loan of from
$500 to $4,000, and thus help. alons
} deserving class of homebuilderI
in our state. rather than the spec
ulator.
81 am convinced that the state c
J is entitled to congratulations of tn,
J highest degree for beneficial result
accruing from the operations of th
} state land boards of recent years
OF course some mistakes have beer
} made and so surely as the judg
} ment of men are liable to err, &c
1 surely will mistakes continue to b,
made.
Mote the magnificent results
Idaho has, 10000 miles of irriga
ton cannals, completed or wei
) under construction. The state ha
AZ Carey act projects, the canal
$ for which are completed, or vel
under way, irrigating 2,500,00l
acres. The cost of these project
will be $75,OOO,O0O, which is out
side capital brought into the state
Idaho leads all other states in pro
gress made in irrigation. All O
this has been done within a yer,
few years, and our state land board
under whose direction these mag
nificent results have been attained
deseve a great deal more credi
than they have ever been accorded
Their mistakes have been magni
eoI . a ,,.oIa b;lls into ,,oorota T.,