The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1920-03-04
LAND LEASING LAW IS
BENEFIT TO THE WEST
IDAHO WILL PROFIT THROUGH
DEVELOPMENT OF PHOS-
PLATE DEPOSITS.

The passage Of the general land
leasing bill and its prompt approval
by the president is expected to be OF
great benefit to the entire country
and particularly to the public land
states on this subject Senator
Smoot, who for many years has been
an ardent advocate of this legisla
ton. said:
This legislation, which l have had
i'm mind for the last II years, means
more TO the western states, including
The 13 public land states. than any
piece of legislation passed by con-
gress in the last decade Not only
viii IL be of immense benefit to the
states ! mention. hut to every state
of the union because of the stimulat-
ing effect that it will have on the
mineral industry. The increased pro-
duction of oil. which it insures alone
viii be "a great stimulus to industries
throughout the nation.
sight must not be lost of the fact
that this is not solely an oil bill 1t
means great added activity in the re-
covery of all of the minerals mention
ed in the bill I am delighted that
after the long fight we are assured at
last that this long needed legislation
will find a place among orr statutes 8"
Payment Of Royalty.
one of the chief provisions of the
law is contained in the following sec
ion' THAT 10 per cent of all money
received from sales, bonuses, royal
ties and rentals under the provisions
Of this act excepting those from
Alaska, shall be paid into the treas
ury of the United States and credit
ed to miscellaneous receipts: for past
production 20 per cent and for future
production SEE per cent Of the
amounts derived from such bonuses.
royalties and rentals shall be paid in
to, reserved and appropriated as a
part of the reclamation fund created
by the act of congress known as the
reclamation act approved June II.
1902. and for past production 20 per
cent and for future production S7k
per cent of the amounts derived from
such bonuses royalties and rentals
shall be paid by the secretary of the
treasury after the expiration of each
fiscal year 20 the state within the
boundaries of which the leased lands
or deposits are or were located. said
money to be used by such state. or
subdivisions thereof, for the cons true
tion and maintenance of public IDS
or for the support Of public schools cr
other public educational institutions.
us the legislature of the state may di-
rect Provided that an moneys which
may accrue to the United States I'M
der the provisions of this act from
lands within the naval petroleum re-
serves shall be deposited in the treas
Iry as miscellaneous receipts"
Phosphate Lands.
Public lands containing deposits Of .
phosphate may be leased in tracts not I
.o exceed 1850 acres. The amount Of .
royalty to Zoe paid must be arranged .
with the secretary of the interior and
$ not to be less than . per cent of the
gross value of the output of phosphate I
lr phosphate rock In addition. an
annual rental is TO be fixed which
shall not Zoe less than 25c per acre for
he first year, soc per acre for the sec
nd third fourth and NTH years. re-
pectiveiy. and 81 per acre for each
ear thereafter