American Falls press. [volume] (American Falls, Idaho) 1907-1937, 1916-06-22
APPLY BUSINESS TO THE STATE.
Platform OF ID. W. Davis for Governor
ship.

ID. w. Davis, president OF the First
National bank at American Falls and
a candidate for the republican nomin-
alton for governor, will depart today
for a visit TO lilo and other points on
the Nez Perez and Camas prairies. Mr..
Davis came north to attend the annu-
al meeting OF the State Bankers as
ISOLATION and will take advantage OF
his visit TO confer with friends In the
northern counties.
Mr.. Davis is making his campaign
on strictly business principles and
stated last evening that he would not
want the governorship Of the state UNI
less he could introduce methods of
administration that would be OF last
ing benefit to the state and to the
people OF Idaho. He would regard II
an empty honor to have served Idaho
as governor and not leave administra-
tive policies hat would last through
the years to come and prove benefi-
cial to the state.
IL am a firm believer of the capt.
talization of Idaho's resources" said
Mr.. Davis last evening. by this ]
mean that II the state land, the state
timber, the water power resources and
other things Of value over which the
state has Jurisdiction, were admins
tered on the same business principles
employed by successful individuals
and corporation, the state of Idaho
would be on a self-sustaining basis.
Nothing accumulates so rapidly as
interest and nothing rises In value so
rapidly as reinvested earnings. Apply
to the administration Of the state OF
Idaho the same principles employed
In banking or business and there
would be different reports coming
from the state house at Boise. Rein
vestment is the secret Of the growth
OF the big corporations.
Il have criticised to some extent the
lack of system In the state land de-
partment. The balance provided for
farm mortgages Is not kept active and
there Is such a delay in the handling
OF application for loans that It Is
often many months before the appll-
cant knows whether the application
VIII be accepted. In tho meantime
these funds are idle and there IL no
excuse for this idleness.
THE interest on the state loans
should be collected by the tax collect
or OF the county In which the loan is
mad and the money turned over to
the state without expense to the
state. This would relieve the state of
the embarrassment of having land
sold for taxes upon which state loans
have been made.
THE state OF Idaho Is able to take
care OF two and one-half million dol
lars or farm loans. These funds
could be provided by the cash on
hand and the sale OF the school bonds
that the state holds, the sales to be
made as rapidly an the funds are
needed to meet the demands for loans
Do not understand me TO be opposed
to the state buying school bonds. FOL
believe this plan to be of much ad.
vantage TO the districts where small
issues are offered. But whenever W,
have an accumulation OF these bonds
until tho aggregate IL attractive Ia
some ~bond-buying concern. r hold the
bonds should be sold II we have n de.
mand for this money for the farm
loans. At the present time the sale OF
such bonds would bring to the state
a large sum In premiums and accrued
interest, the Interest rate to the school
district would not be changed but the
saving to the farmers who would Dor
row this money would be n large
em,"-Lewiston Tribune. June Is.