Payette enterprise. (Payette, Canyon Co., Idaho) 1909-1935, 1914-08-13
GOVERNOR HAIfes BEATS THEM
The First Step Toward a Farm
Credit Plan in Idaho.

T There IS general comment over tn
State concerning the dear name
In which Goysrnor Haices has out
generated hjz opposition and @bea
| EN- 10 1t" in regard TO number o
important AMI popular Policies. Tn.
Governors bard policy Is an iIlustra
lticn- The idea Of selling off Gu
marketable Agricultural Land and ap
plying the earnings Of the funds thus
lereated 10 dsfraying the expeuses 81
lonr State institutions has been ad
iYsnced from time 70 time by differen
persons CT prominence in the State
notably by Editor Pecotte Of the
Haley Times s-d Land Commtssione
George A. lay. The proposition is 2
soIrd enc ard = has been seized on
by a humber Of aspiring politicians a
an issue for their camraign- As
might De expected EFsen used merly
for the purpose C securing votes,
tkeir ideas were Superficial Il re-
NAMED fer GoTerncr Hsfles 70 pre-
cent a mstured plan 70 utilize this
idea. and this plan was embodied in
plank in the Republican State Plat
form Governor Hainss net only pro
poses TO sell these State agricultural
lands. but he Dnposes TO sell them OF
forty years tire al low rzte of in
terest thus enbcdyfng an esement CT
the Farm Credit" theory
1t is 4 vel known fact that the
State OF Idaho has an immers= area
OF marketable agricultural lands thet
would sell az from SO 70 $50 an
scre and even higher. The State IS
unable 70 dispose Of these lands al
TIE present time. for the reason that
there is = constitutional provision tia
limits the sale u twe7U-fITe sectors
annually. TINS IS lzss than one sec
ticn for each county ard It would
tske q century or two 70 thus dispose
OF the lands Many acres are leased
at from z5 cents u 80 GEMS per acre
which If sold al SIX per cent interest
Eculd bring IN annually from 60 cent?
to s1-25 an acre for Interest alone
The wisdom Of selling the lands OF
al a more rapid rate vii be apparent
Some authorities have ezrimated
that these lands would bring s29. e0e- !
BOO and find : ready market $780,
BOO 600 al SIX percent interest wo1ld |
produce 81 .s08. 900. which is more
money than the legislature app-opu
ates for state purposes annually By
lie adoption of Governor Haines
policy il would be but few years IN
IL Idaho would Be 2 Taxless State so
lar as state taxes are concerned
The most interesting and valuable
point In the plan OF Governor Hainss'
S TO sell these lands On forty years
line. The State can use only the
OF these funds for the sup
port OF its State institutions Tne
principal sum derived from the sale
II the lands mDse always remain IL
act In view o. the fact that the
State would have 10 lean the prin-
,:pzl as soon as the payments were
urned into the state treasury, il IS
he Governors idea that il would be
ar better 10 give the hcmeseskr
ong time in which 70 pay for the
and, the State AZ the present tins
,eiRg principally interested in the
item which can be used for
ne support of state Institutions. Thef
scvernor proposes TO go farther than
his and TO apply this same principal
o all sales now under contract There
re several thousands OF others in
be State CT Idaho who have purchas-
d state land On contracts ranging
rom 10 TO Is years. The Governor
7ould give these people the same
rivileges as new purchasers. OF
curse all wolld have the privilege CT
1ying up At any time they saw fit
The long time payment idea has tw
istinct advantages: one IS that It
Ives the hone5uzder who PURCHASES
tate land all the time he desires 20
aake his payments TO the State;
lille on the ether hand il would IN
oubtsdly enhance the market val
e OF the States holdings because
gch attractive terms could be had
owhere else. 1t would also be
reat advertisement for Idaho and al
ract many homeseekers TO the State.
We have heard much in the LAST
NV years about Farm Credit Sys-
I'm and our National Congress has
cen trying % work cut the problem
While others have been theorizins-
Governor Haines has taken long
tride toward the accomplishment Of
Farm Credit system
Idaho has a corsUotive Governor.
lie doss things. while others theodSe
nd promise. This fact IS becoming
ell understood shroughout the StateI
No it is the secret OF Governor
Isines' popularity and it is also the
eason why everyone Is saying that
Ill