PRICES OF LAND

 

There is room enough in Lyon county for 1,500 families with 160 acres of land each, which may be bought for $5.00 per acre.  The best lands in the county are offered at $5.00 much at $4.00, and we know of none for which more than $6.00 per acre is asked.  Thousands in Northwestern Iowa are paying for these lands from the proceeds of the soil alone.  The new-comer arrives in the spring, which is the best time puts up a temporary cabin and breaks up forty or fifty acres the first season, there being none of that laborious process of removing trees, stumps and stones.  A part of this land may be planted to "sod corn" the first year, yielding a good crop.  He then finds time to cut hay and prepare for winter.  The next season this land is ready for wheat, and from this time on he finds no difficulty in making his annual payments from the proceeds of this crop alone.  A large share of our vacant lands are held by railroad companies, which offer it upon long time and easy terms.  Look at the payments upon the usual plan:

 

160 acres, at $5 per acre, cost   $800
Paid at time of purchase     80
One year's interest on balance $50.40  
End of first year  44.80   80
End of second year  39.20   80
End of third year  33.60   80
End of fourth year  28.00   80
End of fifth year  22.40   80
End of sixth year  17.80   80
End of seventh year  11.20   80
End of eighth year    5.60   80
End of ninth year     80
  $252.00 $800

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