Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1919-08-05
PREDICTION CEiMS C-A=, ALLY
MADE rHAT INTENSIVE FAEL.
ING MUST FOLLOW,
MANY FARMS WILL GO
BACK TO FIRST cNNERS
Small Initial Payments Viii Be Lost
to Some Who Are Buying For Spec
,,lstioo and Can Ne. Mako Good
When Notes Come Due--Some Buy
ing For Children.
necinl 70 rimes.Rcnnhliean.

Special to Times Republican.
steamboat Rock. Aug. a Hardin
county retired farmer sold his farm
sometime ago tor SO per acre TO
tenant farmer in another neighborhood.
II was one of those deals that have be-
come common within he last few
months. small payment DOWN, lew
thousand March ! next, and long time
on the balance. \ little later the own
err Of the farm which Mr. Tenant oper-
ates called on the man who had solo
out. asked a few questions regarding
the trs nsuctiun. wanted TO know IN
particular about the first payment. was
told that il was made by checking on
a bank in a nearby town and was
drawn for $1,000 and duly honored by
the bank The visitor expressed some
surprise. said something about having
worried a little over the prospect OF
getting his rent and went on his way.
The next time the retired farmer met
the buyer he askd him if he expected
to carry the deal on thru ant was in
formed that there wasn't particle Oh
doubt about the matter. The buyer
was lNDit lI4tt4 - N4FAAaFN %@+@N -
shouldn't he he since the land in ques-
ton had sine increased in value by
several thousands Of dollars, etc, etc.
Il might be supposed that those who
sold farms at $500 to $3.50 an acre an"
then saw them turned later SeVera.
times at ever increasing figures, would
feel like going out and hanging them
selves for letting loose too soon. but
such does not appear to I've the case
generally speaking. II is coming 10
be a very common remark that COCO
many men who have thought and stu
think they have sold their land at late
day lofty values will find later that
they haven't sold them at all and that
a corr esponting number Of "purchas-
ers'' will simply regard their lnlna4
payment as a lost bet that they would
be able to turn their buy" at fuf-
Their profit before the March payment
was due The $3.50 contract holder
consoles himself with the thought that
he has really sold out" and at fair
price. too. If a banker is asked about
the matter he invariably asserts there
is danger in the situation. generally
declaring that nearly all deals in this
community are made on a safe basis,
and they add that the only prudent
Ihing the seller of farm land can DO is
TO secure enough money down to as
sure the eventual payment Of the re-
mainder.
c. NJ. Haas. Eldora merchant, in
sists that the ineSca pable result OF the
Iowa land boom is more intensive farm
ing: that the possibilities are in the
Iowa soil and that much greater yields
must be obtained than heretofore TO
maintain the now high and possibly
future higher prices Of land, and then
he asks the question that he cOnfesses
he can not even attempt to answer
VIZ: Where is the labor to come from
to bring this about"
Along this line Banker Holmes, OF
! Steamboat Rock, contends that the
| only possible solution is the dividing
! UP Of the farms into smaller tracts;
says that we are on the road to this
condition even as some farmer adds
another eighty 10 already large hold
| ings for the object OF the addition
! generally is later provision for several
! children who one day are 70 occupy
| the land. not as one large farm but as
| separate smaller ones.
| Corporal Orlo X. Hartman, OF
| Steamboat Rock. is an adjustor in the
! claims department Of the United
States army in France. In a letter TO
| his parents he sends some interesting
| information IN regard to claims made
| by individual residents Of France
against this government for damage
sustained thru military operations OF
| the American army. Many people still
carry the idea that this country went
into the war with the primary purpose
! Of aiding the allies. not knowing that
every French building or farm occu-
! pied was leased for the purpose and