Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1885-07-22
A Boomer Abroad

Aho Ioostolt leIalu tic OtneT uay
corralled ian eminent banker of Min
ncapOlis,' whose name is not given,
and eNtOrted from him long inter-
view upon the business and industrial
situation in the northwest. The bank
er proved to be boomer of the first
water, and gave glowing picture of
the growth and encouraging business
and industrial prospects in mighty
Minnesota" and the tributary region.
In the first place, he claimed that the
northwestern farmers are in very
healthy and thrifty condition. Not
only are they reducing their liabilities
year by year, but they are improving
the security, so that debt of $1,000
now has more security in the shape
of improved lands and buildings be-
hind it than one of 10000 had a
couple of years or so ago. Moreover
the farmers are rapidly diversifying
their agriculture. Compared with
the total production of the state, they
are raising less wheat and more cattle
and dairy products. All their eggs
are no longer in one basket, and their
condition is consequently safer.
Concerning immigration, the bank
er said that while there is no increase
in the number of foreign immigrants
who are coming to us there is a
marked gain in another class. 1--WE
are getting more New Englanders
than for some years, and, better even
than that, we are getting Illinois
farmers. suppose three out of four
of them had New England ancestors.
They are of good stock, the same
stock from which northern Ohio men
came, the same stock which you will
find everywhere through Iowa and
Michigan and Wisconsin and Mime
sofa and northern Illinois. But these
Illinois farmers we are getting have
had the advantage of western expert
ence and of western training, and we
fiatter ourselves that such an expert
ence is worth five years of life to any
pioneer"
AS to money and collections, the
banker asserted that they were easier
than ever. II do not, "he added,
remember the time when it was so
easy to make collections. Everything
Minnesota owes to the east will be
paid without doubt. The railroads
were never doing better. If you COM
pare their condition with that of any
time within the past two years, you
will find it good and full of hope for
your eastern stockholders and bond
holders. Or course, the investment
grows better as the country grows
richer, and that is just exactly what
our country is doing. 1t is growing
richer day by day."
In regard to lumber and building,
the banker said the cut of last winter
was smaller than that of last year.
The consequence was that the price
per thousand was advanced, but the
demand Is going to he greater than
eyer before. There promises to be
more building this year than in any
other year. In conclusion the banker
said he wanted to impress upon eastern
people the fact that the people of the
northwest were getting out of debt
and that those who go east to borrow
money are safer customers than ever
before.
Such boomers as this abroad do no
harm, but on the contrary infinite
good when, as in this case, the asser-
ton he makes can be backed up by
ample proofs. The New Northwest
is today the most furnishing part of
the United States, if not of the whole
earth.-St. Paul Dispatch.