Dakota farmers' leader. (Canton, S.D.) 1890-19??, 1890-11-14

" biAci lCToWQ ny iJNe name OF
Miller, one of the board of directors, testi
fled that under the presidency Of Chas
Francis Adams OF Massachusetts,, that
the company had issued during the year
1886, S23, 600, 900 OF stock and bonds
without any warrant of law. And when
asked by Governor Patterson, the chair
man of the commission as to what had
become Of the money, his reply was that,
mo mortal man could tell 8s 5 /. 5$
The land question is great question. j
Let me give you another Illustration. Six
years ago last October two brothers in
Chicago by the name of Farwell the lead
ing dry goods dealer OF that city, Zone Of
them now misrepresents the people Of
Illinois Y in the United States senate)
formed . synd dicate with the legislature. !,
say with the legislature, as the Speopie /
would never have made such q bargain.
What wasit 4 II was as follows: That
in consid GRAFTON that they build the
state of Texas State House worth 8
million and . half Of dollars They
should have spot cash when the deal was
|consummated title deed To- 8. OOO, 600
acres of Texas prairie land. That was so
cents an acre. This was in October. In
the following March they unloaded \
block Of it to an English Syndicate for
several million dollars. Now l want ts,sss
ask YOU people Of Dakota if you have ever;
asked yourself what that method nlti-
mately means. 1t means in twenty-five
years that American thrift, American
push and enterprise willin thirty years
have built up railroads. churches, COLI
leges, school houses, manufacturing es-
Establishments and dwelling houses,
around that land and it will
be worth $50 per acre. What will the
English Syndicate have done in the
meantime 10 enhance the value of that,
land? Will they have laid out days
labor? Not q day s.. Will they have Sex-j
pended dollar? Not 4 dollar What
will they have dones They will have
drawn millions Of dollars from America
in the form Of ground rent and spent it
in living in luxury and debauchery in
Europe. What else does it mean? It
means that you workingmen of Dakota
and my workingmen of New York and
/ Pennsy sylvania, will raise your little child
zen, and when thesa-s.b come gloNn they
4 will work in a cotton or woollen mill in
York State or mine, or pick slate in q
coal breaker in Pennsylvania for the beg
carly pittance of q dollar day and save
money out Of that pittance to pay the
English company $50 an acre for land
that is worth thirty by the child's own
thrift and industry and not through any
thing the English company may have
done.
| Let me carry the illustration still fur
ther: We will say that this is a manu-
featuring audience of one Of our large
manufacturing cities Of the east, and I
have got young man in the audience by
the name OF Tom. Tom works in one of
the manufacturing estal snrents of the
city; he is industrious al swing, and.
heehas saved up 81, 900 an, )sti <, sspss-
ed Of hunting and trappi..< >9spo..:tion.
He has been, out and trapped bird on
the form Of a nice young lady, and hav-
ing caught the bird he wants. a cage to
put it in. Walking down one Of the,
streets of this city he notices q sign read
ing as follows: John Jones, contractor
and builder. Walking in he says:
Jones, / have caught a bird and want, a
cage to put it in. What will you make
mea four roomed cottage of such and
: such dimension, for?' WELL replied
) Jones, II will make you that for 81, 900. Z
"Well." says the young man, II think
that is about right; will agree to that, 2
4 'But'' says Jones Where is the peg tha
l am to hang this cage on?' ''Oh, yes
! says the young man, II had forgotten all
about that. will look around and see if
! | can find one. The first Sunday morn
ing he strolls out on the outskirts of his
8 city and he finds a little elevated hill that
has beautiful view, and he say to him
! SELF this would be a good place to build
my house. He also notices. Il sign stuck
up in the middle of the lot that reads as
follows: This lot for sale. Inquire of
Mckenzie & Co., Real Estate Agents, No.
! l6 Main St" So, on Monday morning,
: he strolled down to Mckenzie & Co.
). Walking in he asks: What do YOU ask
for that vacant lot, No. so and SO, on the
outskirts of the city, We'll sir Nc
: kenzle replies. you may have that fol
$780, ''4All right says the young man
: Il think that is a fair price. / will take
that lot. - Contiau ed
BOARD MEETING.
4 The members of the board of directors OF
G the South Dakota Farmers Publishing
Z. Company. Publishers of the FARMERS
a LEADER. will meet in regular quarterly
g meeting. at the LEADER Office in Canton
: on Saturday. December, 6, 1890. at
! o'clock p. m. A. J. WD1PLE,
9 e. w. OWENS, President.
f Secretary.