The Gem worker and the Idaho labor herald. (Boise, Idaho) 1914-1917, 1915-08-05


for Parma where she will visit
fortnight with her daughter.
Mrs. Howard Kingsley who recent
iy arrived from Placerville will spend
month visiting at the home of Miss
Ellen Belk.
The Gem State Fair is starting out
on the right track and if all signs do
not fail it will be dandy.
Everyone should boost for the
Boise Band A subscription is being
circulated and everyone should do his
share to secure and maintain this
much needed attraction.
Mr. Ed Peasley and family returned
Monday from Payette Lakes. Mr..
Peasley reports delightful trip and
good fishing at the lakes.
The big mill at Barberton put on
night shift Tuesday and are now em-
ploying practically twice as many
men as formerly and doubling the out
put of lumber.
Tuesday DIR. and Mrs. Rudolph of
Burley and Mr.. and Mrs. Geo. Meier
of the Pacific Hotel departed for
Owyhee county via auto where they
will visit SilverCity and other points
before returning home.
The Labor Day Program Committee
have received Senator Borah's accept
ance to act as speaker of the day.
Governor Alexander will also speak
if possible, but he does not expect to
be in the city on that date.
Mr.. M. c. Stott of the Western Re
porting & Credit Co., is building new
bungalow on the Bench near the Fair
grounds. ]. !. Bunk and A. T. Engle
of the Carpenters union are doing the
work. Mr. Stott is having the Kew
anee water system installed and his
new home WI be modern in every de-
tail.
This is not a speculation as yet; A.
is simply adding his work and any one
can honestly regard such an increase
in price as extremely moderately The
locality is booming, however. and B.
catches the fever of selling at advanc-
ed figures, and unloads on c., a new
conner. at $l25.00 an acre. accepting a
cash payment of $1,000, and taking a
first mortgage of 100000 at 8 per
cent interest, running three years. In
addition to the annual cost of water
which we will put at $4,000 per year
other taxes at $500, c. will have to
put ZIP $4,000 for the use of the
money which he owes on the place
His resources are taxed to the limit
to meet these expenses and he is
tempted to let go Immediately TO d
at 81 5000 per acre. the latter assuming
the first mortgage and paying ovei
$4,000 in cash. Any one can see thal
if prices for farm products are noi
rapidly advancing as the land ad
!. vances. the last owner becomes les:
able to make a profit on his invest
, ment, and may wish to mortgage il
order to make improvements, or bu.
stock, to the extent Of Sl50000 fol
, which he viii pay 10 per cent, addinl
, $4,000 TO his annual outlay, with th'
necessity OF meeting this mortgage a
the end of two years. II viii be seer
at once that d. is sorely tempted t
! keep the land boom going until h
! finds credulous one to relieve hin
! of his burden of misery
The first mortgage holder is prob
ably some mortgage or invetmen
company somewhere on the Atlanti
seaboard. and the $4,000 interes
! money on the first mortgage goe
: clear out of the country and to tn
( FIRST mortgage holder. who is perfect
I safe, but the second mortgage holde
, is now just as interested as D. i
Z keeping up the deception of belief i
Z the price Of $4,000, as the real valu
t Of the land and this process is KEEP
n merrily running forward, until we wi
say, f. buys this same tract at $1,000
s per acre. assuming both mortgages
y expecting to sell at $25000, but tn
bottom falls out Of the land boom an
+ he is consequently caught with obligs
S tions he cannot possibly meet withor
}. the very greatest eeonomv and er