Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1922-03-24
C. NJ. Householder Says That
Thousands of Letters From
Settlers Indicate Need
of Loans

MaulSOn. W Is. MITCH ID, l5--.
NJ. O. Emmons,
Care News-Budget.
LadysmiIh, Wis.
Dear Mn t,mmons-l have read OK
tracts from the address which you de-
liyered before the members of the
Chamber OF Commerce on the subject
of the County Reclamation Act. You
set forth soG.,c strong arguments Tor
Il closer relationship between chose
engaged in business in town and those
who are attempting the development OF
wild land Since January list this
year. we have received more than
thousand letters from settlers located
throughout the cut-Oyer country who
have been on the land from six months
to two years Eighty per cent OF
these new settlers report that they are
| handicapped in their development by
| shortage. OF funds for land clearing
purposes which necessitates their
/ working away from their own place
! large portion of their time. Much
! of this outside work is available only
/ al
settler could most probably be en-
ployed in clearing his own land. We
find this necessity of working for 9th
crs generally draws the pioneer period
out over seven or eight years where
we consider that settler who is prop
erly financed should have land enough
cleared at the end of the third year to
he Oh a self-supporting basis, that is:
he should be meeting the taxes and In
terest payments. in addition to provid.
ing a living for the family. Perhaps
no county in Upper Wisconsin is bet
Ter supplied with the right kinds Of
banks and the right kind of lOaning
agencies than in Rusk. On the other
hand these banks and loaning agencies
are bound by certain banking rules
which does not permit them to extend
longtime credit to a new settler who
holds land on contract. The credit
proposed under the County Reclama-
ton Act would hasten the time when
a new settler would become banking
risk. In my opinion, the argument OF
Ioaning agencies that they would not
care to have this clearing tax lien
placed ahead Of their mortgage is full
of, fallacies, and viii largely be over
come by thorough understanding Of
the proposed system Of loans. The
loan for clearing purposes adds much
to the collateral back of their mortgage
and provides the SETTLER with some
means of raising money to meet in
j tercst payments.
1t has long been admitted that La
dysmith is the best advertised town
Of its size in the cut-Over country. !
believe that the enactment of the Coun-
~ Reclamation Act in Rusk county
would give Rusk county a similar
standing among counties in the cut-over
country After all it simply amounts
to letting the new settler use Ruslz
countys good credit until he is on q
self-supporting basis. Properly adj
ministcred. this law cannot possibly
cost the taxpayers of Ruslx county one
cent.
We believe that the News-Budget' $
interest in the settler is serving a good
purpose in advertising the entire COM
munity. Prospective h o N e-seekers
have great faith in the stories which
appear in the local press. They know
that such stories are printed for home
consumption' and therefore must be
!, based upon facts.
4 Yours very truly,
GLENN NJ. HOUSEHOLDER,
Assistant Director
of immigrant ion