The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1914-01-27

They said they were WHILE -
a good round sum for once AND 10,
oil b,,t they did not want an annual
tax. To this the Spanish monarch
consented, and along abou lov years
| ago. more or less, the lands pecaiHe
| free. They did not, however, go in.o
individual hands. They were neiu III
common, no one having a ttie 70 ahs
indiy;dnal tract These were known
as the fierras indultadas, and the re-
suit of such ownership was ina d
man would cultivate a tract OF idHu
until il was worn out and then NOV
somewhere else and taxi UP announcer.
The titles 70 most of the LANDS nave
remained in the hands Of the govern
ment. and so at the present the re-
public is practically in the shape Oh
a new country, with the
having the right to allot the lands as
tcongress DEGREES. President PoFfas
and his officials have given a great
deal OF study to this question and It
is from them that the present scheme
which is now just to be put into op-
Grafton has come.
These new land laws provide that
instead of selling the land as IN the
past with the provision that the pur-
: chaser shall cultivate the lands Tor
! five years before he be given a title
thereto, the lands shall be sold out
1lS11 Ala L1o1lS NV
t hectares. or 1900 acres. and that the
D title shall go upon the payment there
for. In the past the land has been
sold in large tracts; and IT mas peen
| impossible for the small landowner
TO buy, for the reson that he could not
O afford to cultivate for five years be-
n fore getting the title. By the new
laws he cannot buy more than 5000
e hectares Of land until he has all OF
e his first tract under cultivation or in
use. Nevertheless, 1850 acres is a
e very nice farm, and there are oppor-
O tunities now for any one-American,
European, OF Panaman-to buy one
such tract and hold it for specula-
IS ton or cultivation as he pleases.
r. The prices at which his govern
a ment land is to be sold are from $1.5e
20 to $3.50 per he.ctare Of two and one
n half acres, or at from bU cents 10
ID $3.50 per acre, according to the char
~ acter and locality of the land. Think
~ of getting 1880 acres Of land for
!. $500! THAI is one Of the poSSibll-
= ties that Panama is now offering. Such
- land can be m~ortgaged or SubdfvldeC
and sold. Formerly the poor man who
nj took up public land could not borrow
money on it, for he had no title, unit
s he had cultivated it for five years. Nov
Id he can sell a portion Of his purchase
We or he car make a loan on it and pu
N = liz GdtIt VI a. IIC AOSoa - w
Der, which take some years to com
into bearing.
rryy
lie The secretary Of public works ell
Id me that this law has been in effeC
ad since last July, and that it is workin
ut well. It will bring in a populatio
IT Of land owners whose estates will b
he comparatively small, and it will lea
n to the immediate and active develop
nd ment of the country. DR.. Porras say
that the government has also reserve
some Of its lands to give to the poo
"a 1t will allow five hectares to ever
=, poor person who can show himse
to be such, and ten hectares, or twer
>, ty-ive acres, to each Immigrant fam
,,o lily.
es- Another thing We Expect to do
red said the president of the republic. ..
err to establish here at Panama banl
as Of issue, with charters from the go,
Of eminent. The avs for these will 8
e a into force very soon. As it is no
bay there is practically no opportunity fl
eek the small land owner to borrow mon,
on long time. The banks here w
not usually loan for more than s
is or nine months, and some wears as
the before the national bank was esta'
luts lished the interest paid was often
'tn- high as 10 or Il per cent a mont
Inese new banks will loan money {
mortgages, which may extend as 10,
as twenty years, according to contra,
t is oo' AioSt not exceed
; at - pei ahiuIil. we expect tn
e OF me people VINO will take up the
mi pupiic iahoS and pay for them w
ruit oorroW money of these banks in n
Their oeT 10 develop their plantations q,
anna 10 MAINTAIN themselves unti, 49,
e IS lands come into bearing
the
S of
A What are YOU doing as TO 9th
five punt WORKS! | asked.
ted, We Y laid out the CONSTRUCTS
e OF pans Tor two railroads thar viii -,
ear the lnltial development of the 800;