Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1916-10-13

that is necessary is business princi
Piles to make them work for the cit
liens of the state.
There is an amendment to be vot
ed on this fall to increase the land
which may be sold by the state and
| urge each of you to vote yes on
this amendment, as it is a step in
the right direction.
"Some may say that in order to
dispose of our lands at this rate we
will have to offer them at bargain
counter prices. The state is protected
against such condition by the en-
abling act, constitutional amend
ment and a statutory enactment. No
acre of land can be sold for less
than $40. No land is offered for sale
until applied for and appraised, the
appraiser taking into consideration
the location, nearness to schools,
churches, water, etc. That 100000
acres a year can be sold is not
doubted, the demand is largely in ex-
cess of the amount that could be
offered.
Brings Good Price
During January in my own county
1900 acres were sold at an average
price of $33 an acre.
"Some say that the money ac-
quired by the sale of these lands
could not be loaned. You must re-
member that only 10 per cent is
paid on the purchase and the re
mainder draws interest.
"For an example, l will show you
the difference between selling land
and putting the money out on inter
est or waiting until the land reaches
high price. Take for instance an
acre of land saleable now for $12.
1t would probably by "a years be-
fore it would be double in value.
Suppose the tax to be so cents an
acre in "a years, the tax would
amount to $12 and the original value
$12, making $24. Now if this land
were sold at $12 an acre and the
money put out at 6 per cent inter-
est, add the interest to the principal
and reloan each year at the end of
the first twelve year period we have
$24, and at the end of the second
twelve year period $48 The natural
increase in land values cannot keep
pace with such an increase.
"Every business institution which
! is successful puts by certain sum
for the expansion of business. The
insurance companies, banks, etc, find
, it feasible and practical and why
!, shouldn't we do the same thing fol
the state?
"This plan will liquidate the state
| tax and later the school tax"
: Compensation Tax
Mr.. Davis called attention to the
act that Governor Alexander posed
< as friend of the laboring man, bu
= that he vetoed the laboring men.
= compensation act passed by the stat,
5 Legislature two years ago.
= Governor Alexander claims to b,
= the father of the prohibition bill il
n this state while we all know that re
Y publican legislators were elected t.
S pass the prohibition bill. l hav
= always been in favor and have work
f ed for prohibition, I was working TO
prohibition when Mr.. Alexander wa
running wide open town in Boise.
: Answers Accusations
0 81 have been accused of wanting
= to be elected so as to sell the timbe
t to Weyerhaeuser and the land to pol
n iticians. Such is not the case, W
f have laws regulating the sale of tim
e Der lands, and l certainly value tn
: timber lands, while Mr.. Alexande
: holds them at so little value that h
e will not pay for their protection.
e "I have been accused of bein
Senator Brady's candidate. When tn
h senator went to Washington l wa
d selected as one of the trustees to SCI
e tie up his business. Does that di.
It qualify me because he considered m
d capable of handling his large bus
Il ness. He didn't select Mr.. Alexande
$ who has had experience in sellin
sox and overalls.
Alexander and Warrants
r. "Mr. Alexander speaks with prid
n about bringing Boise warrants to pc
lie during the time he was mayor {
1t Boise. That is true, but why? b
D cause he had large number of wa
ID rants he had cashed at 60 cents Q
,r the dollar. Was his interest entirel
it with the working man?
Ailshie Charges
Judge Ailshie during the primal
m campaign made charges that certai
y politicians were controlled by the bi
rs interests. l wrote the judge askir
i'd if he meant me, but have never r
ID ceived an answer"
l. Mr.. Davis called attention to IL