American Falls press. [volume] (American Falls, Idaho) 1907-1937, 1916-07-27

Method Of Making Loans-ConsttuuonsI Amendments for Prohibition
and Increasing Number Of Acres Of Common School Lands That May
Be Sold Each Year.
Every man who aspires to office should have something
to offer the public in exchange for the support he asks. l
stand for the following policies:
For a clean, efficient and economical administration of
the states affairs.
For converting Idaho's resources into interest-bearing
securities and making the earnings therefrom pay the cost
Of government.
For selling school bonds held by the state and giving
Idaho people the benefit of cheap money invested in them.
For loaning Idaho's money to Idaho farmers at a low
rate Of interest to develop the state with its own resources.
For simplifying the method of securing state loans and
and titles examined by officers Of the counties IN which
loans are made.
For removing state boards from politics and making
fitness the basis for appointments thereto; for putting the
state fish and game department under a game commission.
For providing a uniform system of accounting, bring
inc all departments to one general head, so that the exact
financial condition Of the state may be shown at any time.
endorse the Republican state platform and if nominal
ed and elected will insist that every pledge therein be
faithfully and fairly carried out.
have always stood for prohibition as being
right in both principle and practice from a stand
point of both morals and economies, and urge the
adoption of the proposed constitutional amend
ment prohibiting the manufacture and sale of in
tOxicating liquors in Idaho.
favor the proposed constitutional amendment lncreas-
ing the number of sections of school lands that may be
sold in any one year from twenty-five to one hundred as
being a step in the right direction.
Maho's resources can be made to pay the costs
of government. To do so requires only that they
be converted into cash and Understanding Sc
curities, and a part of the earnings reinvested
each year. a.. z .~a
This statement is based upon the fact that a sum of
money placed at six per cent, the interest added to the
principal and reloaned each year, will double in a little
1oca than tUQlVa wears If Onpthird of the earnings Is
used for current expenses, and two-thirds reinvested, the
amount apportioned for expenses will double in eighteen
years. The amount to be reinvested will also double in
the same length of time. ~~~
- 1t makes no difference how large a capital we
have to begin with. If it is only half as large as
y estimated, 1t will take only twelve years to bring
1t up to the estimate If all the earnings are rein
vested, or eighteen years If twO-thirds of them are
reinvested.
The cost of our common schools, the university, the state
normals, school for the deaf and blind, the penitentiary,
the capital building, and all other endowed schools and
institutions can be provided in this way, and a surplus be-
yond their needs developed. When this condition is reach
ed, there will be no reason why this unneeded surplus can
not be applied to meet other expenses for which taxes are
levied, unless the people themselves prefer not to SO use
it, and thus ultimately pay all the costs of government.
The University of Idaho has 2lS,562 acres OF unsold
lands. If these were converted into SIX per cent interest
bearing securities at the rate of $l5 per acre, and the
earnings reinvested for forty-eight years, the university
would have an endowment fund of $52,454,SS0, with an
nual earnings at six per cent OF SS,l4',ZSz.
We could use a third of the earnings each year to help
defray the expenses of this institution and reach the same
totals in seventy-twoy years, or half of them and have this
great ndowment in ~ninety-six years.
n omn,.i nj hish taxesa and stockmen with money for devel.
ht-h frssrest rates hen " "a have opment purposes at rates which
INV Ia mas m resources "a re- will within q few years make q
duce hemf Why pine fr rural great reduction In tner in.erest
credits when Q already have the payments n "a those interest
foundation for = better system payments gradually reduce me
than Is o In use, and ample costs OF oVernmen W 70 IRE u.s.
capital 10 establish III By con inn bt one-egntn OF u capital
vertng 0ur source Int In Why Keep seseneigns Oh IL M
terest bearing securities W . ~ acuvef Inactive resources ART
mot only supply Or farmers and lke an Idle milne " m ancui