The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1913-07-25
HAINES FAVORS SALE
Of STATE Lands
At EARLY DATE

~ . III BIB II III ~
The Farmers day exercises at
Gooding were a great success. There
were 1000 present from the different
sections OF southern Idaho. Those
who attended the meeting of farmers
were instructed in the work being
done at the experiment farm conduct
ed by the state and national authori-
ties at Gooding. In the afternoon the
exercises started with an open air
concert by the Gooding band There
were speeches by Governor Haines,
President Carlyle of the university
Eugene II. Grub, the national pota-
to expert, A. D. H. Hollenbeck of
the Farmers Union, Don H. Bark OF
the Reclamation service, J. U. Nc
Pherson, state horticultural inspector
and Ex-Governor Frank R. Gooding
Altogether the program was most in
teresting and instructive.
Governor Haines opened his ad-
dress with splendid tribute to the
farmers of this section of The state.
He congratulated them upon having
converted a desert into one OF the fin
est farming communities in the state
He showed what the state government
was trying to do for the farmers in
providing the right conditions under
which they could live and prosper.
In his address Governor Haines
touched upon two subjects that are
OF the greatest Importance to the peo-
pie throughout this section of the
state. The subjects are the Irrigation
Securities commission and the sale
Of state land holdings. AS Governor
Haines very ably presented his views
on these matters we quote his address
in full in SO far as it touches upon
these two subjects.
"A most important work is being
done by the Irrigation Securities
commission which was authorized at
the last session of the legislature
Its purpose is to investigate and re-
port upon all matters connected with
irrigation development in this state
and to recommend such changes in
our laws and in the provisions OF our
Constitution, if found necessary, as
will serve to give our irrigation Sc
curities much better status in the
money markets of the country This
investigation will be of special inter-
est to the people who reside in any
part of the state which depends upon
either irrigation or drainage in order
that farming may be successful
When the first contracts for water
rights under the Carey Act projects
were made the idea was generally
prevalent that in order to find mar
ket for irrigation bonds it was neces-
sary to promise quick return there
on. The mistake was therefore made
OF providing that payments for water
rights should be made in ten annual
instruments, the first falling due at
the time the water was ready for de-
livery. 1t requires no argument to
convince you that in most cases this
provision Of the contract has placed
burden upon the settler which in
justice and reason he should never
have been expected to carry. In many
cases he has been unable to meet his
obligation and the security of the
bond purchaser has thereby been i'm
paired. The result of all this has been
for some time practically a drug on
the market and when sold at all it has
been only at an enormous discount
which has added an additional bur-
den to the enterprise selling the
bonds. OF course this burden has to
be borne in the end by the settler.
1t is the purpose of the Irrigation
Securities commission to make
thorough study not only of the irriga-
ton laws of our state but OF the irri-
CATION and drainage laws of other
states and countries, and of all other
laws under which any government has
assisted in any form of industrial de-
velopment, no matter what form such
development may have taken. The
search for helpful laws, in order that
their principles may be studied has
covered C. wide range, not only within
the United States, but in Canada, Aus
tralia and perhaps other countries.
1t is our hope that some plan will
be found which will result in placing
irrigation securities where they right
fully belong at the head of the list of
securities issued in western states.
We are seeking a plan under which
sudh securities would run for long
term OF year, say Is or 80, and at
low rate of interest, the first payment
not to begin until such time as the
setter has had an opportunity to es-
tablish himself upon his land, bring
the same into cultivation, and be able
to produce something above the bare
necessities of life. Some manner of
guaranteeing the payment OF principal
and interest on such bonds IS being
sought, but just what form the re
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