Читать книгу A Stake in the Land - Peter A. Speek - Страница 23

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The report of the Commission on Land Colonization and Rural Credits of the state of California presents some interesting cases. [6]

A tract of wheat land was bought at $7 per acre. The buyer organized a syndicate composed of himself and his stenographer and sold the land to the syndicate at $100 per acre. The syndicate sold the land at $200 per acre. No settler was able to earn either the purchase price or the interest on it out of the soil.

Another colonization company bought 150,000 acres at an average of less than $40 per acre. The average selling price at the start was $75 per acre, but was soon increased to $175 per acre. The agents commission on the higher price was 30 per cent—i.e., considerably more than the cost of the land.

In another case an agent made a contract for selling a tract of land at 20 per cent of the selling price, which he was free to fix himself. He raised the price from $150 to $400 per acre, so that he received commissions of $80 per acre instead of $30. As the terms were one fifth cash, the balance in four yearly installments, the agent induced the settlers to buy as much land as would absorb all their capital for the first payments, and then he pocketed as his commission the total amount paid down. When the tract was all sold, the owner held the contracts of the moneyless settlers, the latter had the use of the land, and the agent had the coin.

Some colonization companies, in searching for a tract of land, have regarded price as the only consideration, saying that any land that could be bought for $25 an acre could be colonized. Only hardpan and alkali land could be bought in California at that price. Nevertheless, one company bought such an area, subdivided it, and traded it for houses and lots in Los Angeles. Some time later only three of the purchasers were found to be still in the colony, and probably not one of them intended to remain.

In one district a tract of "goose" land, after selling for $5 and then $15 an acre, was subdivided and sold as garden soil for $125 an acre. Three brothers who were market gardeners bought farms and settled there with their families. They found the soil, when wet, to be a quagmire and when dry to be possible of cultivation only with dynamite. After three years of utter failure they were forced to abandon their homes, having lost their money, time, and labor, and having reaped a bitter feeling of injustice and wrong.

It appears from the report that a certain class of land speculators, when buying land for reselling in plots, do not pay so much attention to the qualities of the land as to its advertising possibilities. If land in a widely known valley is alkali land, so much the better, for the buying price is lower. The speculator in his advertisement makes it appear as fruit land with a great future. It seems also to have been by no means uncommon for the agent's commission to be higher than the price paid by the owner for the land.