Evening capital news. (Boise, Idaho) 1901-1927, 1916-11-16
Congressman Smith Believes
Period of Investment
Will Come Soon.
EASTERN BANKS ARE
BULGING WITH MONEY
Will Be Released When War
Ends and the West Will
Get It's Share for Invest
ments.

That the west is destined TO see
unusual development when the war
closes and the capital that is bulglng
the banks in the east is permitted
to reach here for legitimate invest
ment, which will mean the building OF
railroads, are the construction of irrlga-
ton projects, is the view OF Congress-
man Addison T. Smith, who is in the
city, having arrived last night from
Twin Falls. He believes that the flu
ture for the west never looked
brighter. He also believes that there
will be a general trend westward and
that the now vacant lands will be oc-
cupied and cultivated adding to the
values of this and other states.
There is a vast amount of money
in the banks of the east today and it
will seek legitimate in vestment in the
west when the great factories Of that
section of the United States cease
operations" said Congressman Smith.
"This money will, in part. come into
the west and l believe, will be used
in the development Of our irrigation
projects, building OF railroads and
otherwise used to improve western
conditions. The employees of the fac
tory will also seek the free lands of
the west so that there is bound to be
development along that line. The
prospect is bright for great improve
ments."
GRATIFIED OVER VOTE.
Congressman Smith is naturally
greatly gratified over the vote of con-
fidence given him at the recent gen.
eral election by which he was re-
elected to congress. Il appreciate
more than l can tell the vote that was
given me and wish 10 thank the vot-
ers of Idaho for it." said Congressman
Smith.
There are several important meas
ures to the west that Congressman
Smith is interested in. He expects to
see enacted when congress convenes
the $40 acre homestead grazing land
bill, and when it is approved by the
president he will be glad to send to
his constituents copies of the new law.
There seems to be a misunderstanding
as to the status of this act, said Con-
gresham Smith. To clear this away
he explained that the measure passed
the house and went to the senate,
where it was amended and passed. 1t
was sent back to the house, but owing
to the lateness of the session could
not be reached before adjournment
When congress reconvenes it will be
acted upon Immediately and If the
senate amendments are approved will
be sent to the president
IMPORTANT ACT.
This bill .,ermits the entry of $40
acre tracts of lands that cannot be
cultivated but can be used for graz
ing purposes. Congressman Smith is
having a companion measure pre-
pared classifying grazing lands with
the view of giving the stock Industry
definite locations. either through pur-
chase or lease Of lands that can only
be used fer grazing purposes This
act is made necessary because of the
640-acre homestead grazing act which
will be pt.rsed.
Congressman Smith is also interest
ed in the enactment of a measure
which will give tp settlers on Carey
act lands whose lands have been elm
mated by the cutting down of pro-
1ects, patent to such lands, thereby
saving their no els to them.
Mrs. Smith accompanied Congress-
man Smit-. to Boise. Tonight he will
deliver an address on Washington city
at Caldwell before the chapter of the
ID. A. r. and tomorrow night will give
the same address at the Y. NJ. C. A.
IN Bots.