Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1915-07-08
THURSDAY July ). 1913.
LONG TINE FOR LAND PAY
NEETS.


Probably no one has paid more I'M
trlIigcnt attention to the subject ot
land conditions in the Lower R'o
Grande Nallcy-or. ny IL has been rr-
ciriStcned the Magic Nallcy-than b..
F.. YoaEuu. Not only as "A builder and
one of the owners of the ~. Louis.
Brownsville and Mexico railroad. but
also Is thc OWNER of large land m-
tcrcsts iu ibis Valley. Nr. luakum has
been personally Interested ~ an nm
usual degree lu -hc situation here. ~,
when he slcs utteranrr t0 an OPINION
respecting tL, policy which land owners
iu this section shdhld adopt in the mat
ter Of deferred payments for land sold
90 settlers here. his opinion is worthy
of consideration. Hence We would call
special attention IN the letter from Mr..
Nuakum to Nr. Llhgruhruk "a Mcr-
acdeS. which was published m The
Herald ut Wednesday, which dealt cN-
clu.iy.Iy with this ,ui>rrt.
ln this letter. Mr.. NoakIu expires
ses III explicit Humistakablc terms
the opinion that purchasers "i land IN
the Valley should be given ample time
In which to complete payment there
for. And. at the same time. the price
should not ha too high $50 plr acre
being u fair prize. Ac.l ding ~ tine
schedule of payments a, worked on hy
Mr.. Yuakum. such Y plhu would enable
the farmer who undertakes to develop
tIe land d. buys 10 kccg zap his pay
.tuts. even though hc >hould have "a
Top year occasionally. as even the
Fortunate farming country l.
T. fave sometimes. Under tie
plan of making payments in
M Wo and three Years and failure
W meet VI note making aIl the rc-
mining notes on the sane land due
and coIlectahle by law, a single crop
disaster may result ia the RAM or the
farmer. Mr.. YoakuutS plan Is built
along the live and Leu live philosophy.
lt may not appeal to tile land specula
tur. but 1t should appeal to aIl mon who
are inst and reasonable. Twenty year
na rs at siN per cent. se uIad upon
land which iS worth $50 per acre in The
raw state, and sure 10 enhance In value
with every year ~ cultivation and, de-
vclopmcnt. until It reaches the high
level of the lands of Southern CaItor
MIA. viii always liud takers in Oh. mo
ncy market.
Perhaps lIr Noazum i, ri4ht. Ter.
haps we have been holdius our lands
IN this wonderfully fertile and pro
ductiye Valley 2 tri,>,e too high Per
haps we may have required too much
OF the farmer, who was bound to en-
counter here conditions with which he
was totally unfamiliar. We believe
the. land is worth every cent that il
has been sold for. and tF,t the day
Will come when every acre 0f this Val
icy land viii he worth far more than
IN has sold for. Vet, with thr difficulty
of securing favorable mnrkrt condi-
tons, and the difficulties which too
often hcSet the dc-tl0pront Of a new
country, n las been lard Tor many Of
tie farmers 10 meet their land notes
and at the Sal'c time maintain them
selves end their families. III II pro
bablc that, If the land owners would
adopt the policy WI moderate prices
and ample time for deferred payments.
the development of the country would
be accelerated considerably and pros
perity would come more quickly to
bless the people of the Magic Valley.
Considering the fact that Gcneral