Payette enterprise. (Payette, Canyon Co., Idaho) 1909-1935, 1914-10-08

life ana never DOu6uI Oh oeio " -
In my life of anybody for purely
speculative purposes, although be-
lieye the average run of men regard
it as perfectly legitimate to buy lano
with the hope of selling at a higher
price.
1t is a fact that there is dei1n-
ouent interest on this loan OF $l6z.fo,
which l admit should not be the case
and which regret but like hundreds
and probably thousands of others In
Idaho l became little too optimistic
regarding the future Of our state a
few years ago and loaded upon land
too heavily and it has been a burden
to carry the interest and taxes upon
all the land which own or In which
I have an interest. This may be the
case also with some prominent Bull
moosers whose loans are much larg-
err and the interest payments are
much further in arrears and ilst
of whose names may be furnished
upon application of Mr.. Sheridan.
have been able to keep up the taxes
on all of it and / shall soon be aple
to take care of the delinquent inter-
est.
It is a matter of public record that
the Capital News owes $6o,O0o ana
common rumor has it that difficulty
has been found in meeting the In
terest payments. Whether this be
true or not 1 do not know, but II
true it is a misfortune and not a
crime.
More Evidence as to Value.
| was gratified to find in my mall
this morning the following letter;
Boise, Idaho, September 20, 1914
Mr.. N. Jenness, Register State Land
Board, Boise, Idaho. Dear Sir: see
by today's Capital News that the
state land board is attacked on ac-
count of a loan of $1,000 made to you
and a Mr.. Barnes, on lands IN section
4, township 10, range 4, in Boise Co.
The article does not state the num-
Der of acres covered by the loan,but
| Judged from the description there
was 100 or more acres mortgaged.
| have been making loans in the
Long Valley country for the past
eight or nine years, and l am famiiia]
with the loan conditions existing
there. At or before the time this
loan was made, good lands in this
vicinity were selling at $40 to $45 per
acre.
| placed several thousand dollars
in this vicinity between one and two
years ago, on first mortgages on the
basis of these values; the mortgages
running from $1,000 to $4,000 quar-
ter section. Other loan companies
were placing loans Of similar amounts
on these lands.
| had loan of $4,000 on lands ad-
joining the river in section 6 in this
same township. had another loan OF
$4,000 on 100 in this vicinity. ! write
you this, and mention these facts on
account of being familiar with the
loan conditions prevailing in the Long
Valley country at the time your
loan was made, and do so entirely in
the interest of fair play, as l think
the attack made on the land board
on account of this loan is unjust and
uncalled for at this time.
Yours truly,
(Signed; NJ, E. LEWIS.
It's Now Up to the Capital News.
l have this proposition to make to
the Capital News: Let us ask D. R.
Hubbard, Progressive, Judge ]. H.
Richards, Republican, and X. I.Perky,
Democrat, or any other three men of
unquestioned integrity and ability to
serve as a committee to investigate
this whole matter. If they will vis1
the land in person, carefully examine
every record and paper connected
with this loan, or any other loan ON
our books or any other act of mine
since l have been in public office and
report that l have not served the
state efficiently and honestly will
resign the very day that such adverseI
report is filed and pay the expenses
Of the investigation. Il
If this committee reports taat
nave been guilty of no dishonorable
act in this loan or any other, that my
office is efficiently and honestly con
iucted the Capital News is to public
y admit through it's columns, that it
s liar and pay the expenses of the
II this be regarded as a
Huff there is just one way to prove
t and that is to call it.
N. JENNESS.
Register State Land Board.
CONSIDERS SECURITY AMPLE.