Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1916-03-17

plan by which ne claims the SIate
stands to earn much more on the
funds that it loans at greater con-
venience to its borrowing citizens.
He points out that the state stands
to secure greater earnings on its
money by a material reduction Of
interest rates and long time amor
tization of the principal, while the
states lands would be materially in
creased in value and every school
district, taxpayer and borrower of
money would be benefited.
He states that his reason for pre-
senting the plan at this time is be-
cause it requires legislative action
and such important changes should
be discussed pro and con before the
legislature meets, SO that bills may
be drawn which will meet the APP
proval Of the people.
Idaho still has for sale approx
mately three million acres of endow-
ment fund lands. about 1000
acres of which are covered with mer-
chantable timber. When this is all
sold Mr.. Eagleson says that Idaho
will have upwards. of 500, 900. 900
to invest in farm loans and school
bonds.
After setting forth the benefits
the state would derive from long
time loans at low rate of interest,
Mr.. Eagleson's statement continues
as follows:
The Idaho state land board, in
making loans follows the method OF
having the party wishing loan,
make application on q blank fur
nished by the state. Then an ap-
praiser is sent out from the Office tc
look at the land and place a value
Because of its manifold duties, tbs
board inapproving loan must rely
entirely upon the report of the mar
sent out from the Office to view th'
land; no matter how good the man.
Judgment might be regarding land
in one locality, he cannot possibl,
give the time to each application
sufficient to familiarize himself wit
all the details Of Identification of th
land, its value, ETC., except throug
inquiries of the friends and neigh
bors of the applicant and sometime
this is not always the best inform'
tion. On the other hand, If tt
county commissioners were require
by law to make the appraisemen
they would know the land in mo
cases personally, besides having Il
benefit of the advice of the assesso
Another thing, it is a part of the
duty each year TO equalize values
all property and in that way tn
would be more competent Al
familiar. with values, locations. ct
than any special examiner Of t
land board with the limited time
mis- command to examine each pie
of land.
The county attorney could be 1
thorized to pass on the abstracts a
obtain immediate corrections. Il
relieving the attorney general of I
of his too many time-consnming Q
cial duties.
The collections Of principal 1
interest are now made in the st
treasurer's Office. This necessits
an endless amount of corresponds
in checking up the payment Of IA
water maintenance. ditch ass
ments, etc., which could in the n
be done away with by having
county treasurer make the col
tions. The notice could be pu
and made part of the tax nc
and the collection, could be mad
the same time the tax is cole
and with the same receipt at pr
cally no additional expense.
treasurer would have all the tax
at hand and If all tax collection
whatever kind or nature were I
in the county treasurer's Office
should be. instead of a dozen d
ent places. all data relating TO
welfare of the states secu
would be on file there and the d