The Grangeville globe. [volume] (Grangeville, Idaho) 1907-1922, 1914-12-24

tected by surety bonds. This was ac-
complished also without playing to the
galleries.
''Yon refer to the charges appearing
In the public press relative to loans
from the state school funds. 1t is
true that these loans were much dis
cussed during the campaign. 1 have
no doubt that you will recall that state
farm loans are always discussed just
prior to an election. 1t appears to be
the stock-in-trade of our democratic
friends. They have been making charg-
es for the past ten years and yet what
does the record disclose? The record
shows that while under the beneficent
policy Of making farm loans from our
endowment funds to the farmers of
this state to the extent of over $1,000
600 and at a rate of interest lower
than they could secure elsewhere, the
state of Idaho has not lost a single
dollar. 1t is true that in few in
stances, and l think the number will
not exceed five, the state has been
forced to foreclose on its loans, but
i in each and every one of these in
stances wherein foreclosure has been
made by the state, the land taken I'M
I der foreclosure and for which the loan
was given as security has been sold by
the state at a profit over and above
the amount of the loan. so that the
state of Idaho is at the present time
more than $4,000 ahead on such tran
sactions 1t would not be at all sur
prising If the state of Idaho was de-
ceived occasionally into making a bad
loan. l doubt If you will find a loan
ing company in the state of Idaho do
ing the volume of business that the
state of Idaho does that has not met
with some loss. while as stated, the
state of Idaho is ahead, while these
same farm loans are earning the state
OF Idaho 100000 annually, which goes
to the support of our educational and
penal Institutions
Coming down to the so-called Allen
loan allow me to say that ] am advis-
ed that while the land may not be
worth three times the loan, as should
be the case, yet it lis easily worth the
amount of the loan and the state never
stood to lose single dollar upon it,
do not feel, however that l am COM
PEELED to defend or palliate the cir
cumstances of this loan. 1t was APP
proved under the administration OF
my predecessor Governor Hawley, sub
ject to the usual form of approval OF
abstracts, etc. However, / may say
that there was no Information that
ever came to either Governor Hawley
or myself during any stage of the ne
gotiations for this loan that indicat-
ed that 1t was a dummy transaction.
with all the mud singing of the
recent campaign, l am proud to refer
to the fact that not single blot was
found upon my official record as chief
executive of this state, and there never
will be.
II would not have you infer that
am mourning over defeat for such ii
not the case. My thoughts are on the
future and l eagerly await the con
flict of two years hence, when the Yer.
dict of November Bird will be reversed
OF course, the damage will have beer
done SO far as the election was con.
cerned, but my reputation will have
been vindicated and that vindicatior
Is worth more to me than an election
without 1T.
II have nothing but praise for the
splendid confidence and loyalty dis
played toward me by my friends ovel
the state during the campaign. / have
not even a harsh feeling toward Ghost
Of my party associates who votet
against me. They were misled into do
ing what they thought was right The,
were bewildered by the enormity Of ii;
lens crime and the multiplicity o.
false charges circulated by the opposi
tion, but after all the facts are ou
and the people have had time for re
Elections / feel satisfied that / shall
receive that vindication of reputation
to which l feel that l am entitled"