The Richfield recorder. (Richfield, Idaho) 1909-1931, 1913-07-10

IF the Kuhn failure has done nothing else it has shown
how much the State of Idaho dependent upon outside
and which under the present system it not
control for little financial prosperity But for the
fact that most of the Kuhn projects in the state
practically finished the state would be gasping for
breath with little hope of immediate recovery.
1t is to be hoped by all fair minded that the Kuhns
will be able to pull through the storm They have been
builders not stock obbeTs who laid for chance to andbag
somebody out OF something earned by honest toll they have
not followed the stock exchange but have gone out into the
fields and built towns and farms and railroads and power
plants produce food clothes and the other necess
ties of life and made homes for thousands of people that had
homes before That they have been the victims Of
the great hydroeectrc jealous of their successful
into the power field another good for
the people to wish them recovery and prosperity.
But since this company has failed, and it is only provden
tai Tor Idaho and not excuse for compasance with the
laws OF the state that they did not fail until their consruc
ton work practically finished, it good time to say
more that Idaho is still wantony at the mercy Of
side conditions that under the present laws she
troll but which would be controlled by better laws the
state If for instance the state had been constructing any
of these great projects and had sold bonds the cost
there could come financial furry that would wreck the
terpse the people dependent upon it. The state could
sell longtime bonds. say 20 or 80 40year bonds,
at low rate or interest and then take up local bonds Tor
slightly higher rate of interest enough the cost Of
handling The local districts and not the state whole
would pay all the the projects would be protected
against any kind of financial furry the could finance
many worthy project that not able money
security that not bankabe under ordinary banking laws
but which the state knows would be perfectly good and
IDAHO could be busy with enterprises from Utah on the
south to Canada on the north
there IS IN every county IN the state, some form OF dis
trc municipal enterprise that would pay big returns if it
could be financed In the North there drainage districts
cutoyermber land districts logging railways booms and
DAMS well electrical and other local and municipal pro-
ec that must be taken up bring prosperity and develop
the resources Of the country There the clearing of the
Snake river to make it navgable and great national high
way In the South there irrigation projects, electric
plants possibly few railroads. and other enterprises every
one OF them safe but not nearly all of them able to find
money to back them There thousands of farmers to
whom small farm loan would prosperity and the Sc q
eurity is glt-edeed in
Why not the present disaster object lesson for
he whole state and show how the state could prosper
ngy by getting out of the ordinary private financial rut
call special session OF the legislature lay out comprehen
i've plan for system of state loans provide for the repeal of
he present fool prohibition of state bonds in of two
million dollars and ready to put all this plan into action
the 1914 election ratified it and the 1915 egisla
ure could pass the necessary laws ra
Why wait two years. when could do it and an
long hungry spell? ov
" hr
GOOD EDUCATION COMES ga
The majority Of the members of the new state board of to