Weekly independent. [volume] (Elko, Nev.) 1887-1914, 1897-08-22
GOOD TIMES AND WHEAT.

/ People may differ as to the relation
.he passage OF the Dingley tariff bill
may have to the evident Indications
OF the revival Of business and the re-
ut of prosperity, but no one has u
! doubt that wheat is the most import
ant element among the many that are
bringing about n frightened outlook
and preparing the way for good
times. The settlement Of the tariff
agitation for at least four years will
give the markets an opportunity to
adjust themselves TO stable conditions
II ching most desirable in the bust.
ness world. But this stability is
largely a negative fac,or. while the
biz crop i'll the United States. and Is.
! pecially the big crop Of wheat is a
positive factor that is making it, in
tlueuce felt more strongly every day.
y record crap OF wheat i'll tnis coun-
try, coupled with short crops in most
of the other grain-producing conn
tri : Of the world. is a conjunction
OF circumstances that cannot fail to
be advantageous to American farm
crs. While the shortage in Russia.
the Argentine Republic. Australia.
India and other countries is now said
tn amount 10 about one.tenth of the
worries crop. the United States wheat
growers. who fortunately overplan;ed
their probable market by about 10.
HU,OOO bushels. viii protil greatly by
this extra demand. Tie DEPARTMENT
OF agriculture estimates the total
wheat crop Of the United States this
year at ito.0O0.O0G bushels, or SOC
GOO bushels III excess OF tlInt Of last
year. y big surplus wheat crop and
an advancing prise is the condition
that is 10Y making glad the Amer.
lean farmer from the AGrghenics TO
the Pacific coast.
Throughout the grain belt OF the
CuItcd States the crop II wheat is not
only the larges; since 1891. bnt is now
safe. while the European crop. on the
contrary. is the smallest since 1891.
Expert statisticians estimate that
the eNportable surplus III the Unit Il
States this year is lSj.C00.uOO bushels
rs compared with lIl.UOp.UOO bushels,
last year. a balance Of i 10000 CO BUSH
els over last year to aid III bringing
good times. Compared with the mil
lions OF dollars the wheat crop will
bring To America this year. ricL es thus
far taken from the klondyke mines
are insignificant. Kansas. Texas.
Nebraska and Colorado and the wcs,
generally are already beginning 10
fcel the good results Of a most salts.
factory year in agriculture. Ncbrns-
ka Is said 20 have paid of from So
HIt.utl I" S3u.U0O.Op0 OF its mortgage
indebtedness OwIag To the good CROPS
and prices of last year md this year.
Kansas Is also paying of its mort.
cages. and the moving 81 the great
grain crop Is giving more employment
and iro:its to The railroads. to mer.
chants and all classes Of business.
Doubtless Mr.. DnGlcy will look upnn
the big wheat crop III the United
States as an indication that Provi-
dence Is on the silc Of protection. In
fact. most high protection papers are
already pointing TO the undnubtcd
Improvement Of businuss conditions
rs a result Of the new tariff law. The
coincidence Of big crops and foreign
demand FOR our cereals with the en-
actmcnt 81 Il tariff whose average
duty rat" ms compared with tina. ~
the wilson law is as Ji.G5 to 40 10 Is
at least fortunate for the country.
even though it Is unfortunate for the
o-ii II tariff makers who claim that
nj! blessings flow from protection d.
Chicago Record Und.l.