Evening capital news. (Boise, Idaho) 1901-1927, 1914-09-12


farm from or Archie r. Lee and wife,
paying to them $500 in face OF which
fact he made affidavit to the land
board that he considered the same land
valued at $14,110.
Appraisement Approved.
The<same date that Ensign mort
gagged his property when the state
paid to him the loan or March 10. 1918.
Wood secured his loan from the state
paid over by the present Haines land
board, and mortgaged back the prop
erty TO the state of Idaho and giving
notes for $500 payable FIVE years from
that date.
Wood secured the $4,000 loan on $50
acres, described as the southeast quar-
ter, southeast quarter. northeast quar-
ter, lots l and 2, section I, township
south, II east, Elmore county. Lee
and Watkins also appraised, this prop
erty at $40 an acre, although Wood
paid but $500 for 1t and the state
loaned on it to the full amount of the
purchase price. The state land de-
partment through State Land APP
praiser Nash also accepted this $40 APP
praisement It is shown from the follow
ing record report Nash made to the
land board:
Boise, Ida, Jan Q, 1913.
State Board Land Commissioners,
Boise Ida.
Your Honorable Board: In the mat
ter OF the application of George 3.
Wood of Boise for loan of $4,000 on
$50 acres of land situated near Hill
City, Blaine County, which was re-
ferred to us for appraisement, will say
i tarn hot+ L.. i
by A. r. Lee. due to the fact that the
/ land is now covered with snow Mr..
Lee formerly owned the land, and his
statements have also been verified by
A. Watkins. Both gentlemen are from
Hill City and well acquainted with.
conditions there. They have apprais-'
ed the land at $40 per acre, and
through my general knowledge of the
| country surrounding this land, I feel
that the appraisement is conservative
and loan based on this value will be
secure. l am not acquainted with
Mr.. Wood. Therefore know nothing Of
his standing.
Yours respectfully.
(Signed) ]. N. NASH,
State Land Appraiser
Investment Company Gets Property.
On March 10, 1913, the date on which
he received the loan from the state and
the date on which Ensign received his
loan from the state, Wood and wife
decided the property to the Boise In
vestment company, Of which o. V. Allen
is president and Coleman and Sworn
stedt are members, for 81.
AS In the Ensign instance, Regis
ter Jenness of the state land board,
demanded Of State Treasurer Allen,
president of the Boise Investment COM
pany. on Dec. Is, 1913. to pay the state
the interest due on the loan or $193.95.
On Sept. H. 1914, yesterday. the 1914
interest was $1,000, making total
of $36797, none of which, 1t is al
legged, has been paid.
The Wood property decided to the
Boise Investment company, was, like
the Ensign property. sold on Jan. 10,
1914. for delinquent taxes to Elmore
couny. To recover and protect it's
ntereA IN the property the state of
Idaho y III have to pay the delinquent
taxes and all penalties attached.
The records of the land board under
date of Dec. 81, 1912, shows the fol-
lowing entry:
Farm loans were granted as fol-
lows conditioned upon the applicants
furnishing abstracts showing clear I'll
tie and that the land offered as Sc
curity for loans have sufficient value
to meet the requirements of the law:
George b. Wood. SO, 500. 90
Lewis w. Ensign ........... 100000
Watkins Arrested and Discharged.
A. 7. Watkins, one of the apprais-
ers Of the land on which Wood and En-
sign secured the loans, was arrested
during the early part of the present
year by Charles L. Swormstedt, who
was in partnership with Watkins, to-
gether with Fred Coleman, in the sa-
loon and pool hall business at Hill
City, which Watkins operated 1t is
alleged. Swormstedt swore to a COM
plant charging Watkins with dispos-
ing of mortgaged property. or, part OF
the fixtures OF the saloon. and other
property Watkins was committed to
the Ada county Jail Feb. s, 1914, by
Justice w. c. Bower. At that time,
and following his arrest, Watkins
claimed, among other things that he
proposed to expose the negotiations in
connection with the securing of a loan
from the state on the Lee. later the
Wood Ensign and later the Boise In
vestment property. He also claimed
that he had been wired by Coleman to
appraise the land at $50 an acre, but
he had refused to do so, knowing it
was worth no such an amount. but
later he agreed to act as one OF the |
appraisers and appraised it at $40 per
acre Watkins talked freely and made
threats about the exposure he would |
make. Two days later and following |
his commitment the case against him |
was dismissed by Swormstedt
---4%-er---
NORTHWESTERN LEAGUE.