Mountain Home Republican. [volume] (Mountain Home, Idaho) 1915-1946, 1916-04-01
Every man who aspires to office

public in exchange for the support
he asks. / stand for a clean, ETH
clent and economical administration
OF tho states affairs, and among Other
Things Tor the adoption OF a policy
that Will make Idaho taxless. l not
only believe, but know that this can
be done by the proper handling OF
our resources. l hope you will be-
LeVe that / ann sincere in Lhls mat
ter and that | am not trying TO de-
ceiVe nor delude the people OF ldaho.
have never been more sincere nor
earnest about anything LII my lie,
and have never given any private
business lnteresC any more careful
consideration than l nave given this
We are al familiar with the eXpe-
dients mat nave been advocated and
adopted Ill the past. We have Gre
ated commissions; We nave Imposed
lees on this and license upon THAI,
placing new burdens upon the poo
pie under the suIse OF reviewing them
Lrom burdens; We adopted cash lalu-
alton, ana paid more taxes; We have
turned 10 relentless letrenchment,s und
the only hope that retreneuulenl can
brlng is lIItIe easing OF the burden,
DuJ III no wise cure for il. we
have mercy tinkered with the Whole
taxation problem, seeking 10 relieve
our ulsoress instead OF removing IL.
advocate nothing winch / ala
afraid 10 nave YOU Jake 10 your bank
er, or submit to your schools Tor yer-
tlcatlon. In TACT, l hope Wou will
do SO. and that by your own tireslde
you will submit my statements to the
do this. you wild doubt NO more. Not
only cam We make Idaho taxless, out
while doing SO we can materially
lessen the TAX burdens We now bear.
There is nothing mysterious nor
complicated about The plan. On the
contrary IL is more smple, more pro-
tItaDIe and safer than the plan now
in use. Inc first step is to con
vert our dormant resources Into i'll
terest bearing securities. We have
approximately 2,500,0VO acres OF land
that are not only bringing in no reVe-
nue. but the cafe Oh them Us entaIAng
an annual expense. We have approx
male1y halt a m1Illon acres more
that are bringing in a revenue Irom
leases. but THIS revenue is not one
fourth what Vt would DE ii the lands
We're converted lnto securities bear
ing per cent interest.
The second step is 10 reinVest the
greater part Of the earnings and Ia
crease our caputal. these landS Were
gwen US tor the benefit OF our
schools aud our state institutions.
We are required only to Use the
earnings tor the bene1lt OF the schools
aand une institutions tor which they
were given We are not required 70
expend these earnings as last as they
accrue, and the pest interest OF our
institutions villa not be served ii We
do so.
There is no room for QulbDllng over
estimates, nor over the amount oil
capital We may have 10 begun with.
It, ia an indisputabIe TACT that a SUM
OF money placed at SIX per cent IA
terest, compounded annually, win
double in less than than twelve
years; will become lour times the
original amount in "A years, eight
times in 80 years, and keep ON doub-
Ling every twelve years until the end
OF time. len dollars so invested
Wild become 1920 in sixty years and
$1,000 in So years. Thirty million
dollars will become S960,000,UVV in
sixty years and per cent interest
WO44u &0Cu4A GILL shAA1da4 ANfT1AUC VA
$3S, 400. 900.
We sold ND to the close OF 1914.
37.084 acres of land for S6,OS5,6lO or
about S16.14 per acre. We have
more than Z, 100000 acres yet TO sell,
and at the same average price per
acre this would bring $50.034,OOO.
Suppose that tor any reason We can
seu only one-fourth OF this land at
Vative enough. That Treasurer Eagle
Vauive enough. THAT Treasurer Eagle
son estimates that We can realize
$500, 100000 from these lands, and
other we'll informed men place the
value at which they can radily bee
sold at from fifty to one hundred
million. ] feel that onefourth OF
$50, 034, 900. or $12,508,500 is conser-
vative enough to satisfy the most
skepiical. This 10 barely more than
we have received for only the small
part of our land and timber already
sold. In twelve years this $12,5OS,00O
xuo,,id hooona coz 0I7 400. in % vaarc