Little Falls weekly transcript. (Little Falls, Morrison Co., Minn.) 1894-19??, 1897-08-27
A DOLLAR WHEAT DINNER.

kxxxlA6 CAAAos
A DOLLAR WHEAT DINNER.
3 C. A. Pillsbury, the big Mime
apolis miller, has been predicting
81 wheat for some time, and when
that price was reached in Minne'
apolis last week he arranged to
give dinner to 100 -four mill and
grain men at the Minneapolis club.
So on Tuesday evening the lead
ing grain buyers of that city as
sembled, and spent an evening III
cele brating the arrival OF wheat
at the dollar mark. Mr.. Pillsbury
made little speech, and follow
ing are few extracts from 1t:
"Some weeks ago predicted to
several friends that wheat would
rea CHI dollar a bushel before the
new crop was fit to grind and prom
ised that l would set them up a
dinner in case it did. l have long
been believer that we could have
no genuine prosperity in this
country,-and especially in this
part of it-unless the farmers were
literally rewarded for the fruit Of
their industry. AS a miller |
have never failed to make money
when wheat was around a dollar a
bushel, and l have never succeed
ed in making any money when
wheat was around so and go cents
. bushel.
"People may have their theories
about the tariff, about gold and
silver, or other circulating medl'
ums, but my main theory is that
the prosperity of the agriculturists
is the basis and foundation Of all
the prosperity. Give the farmers
good, liberal prices for their pro-
ductions, and their purchasing
power will be so increased that
the increased demand for all mer.
CHI andise and manufactured goods,
will bring prosperity to the mer.
chants, to the manufacturer, and
through them to the laboring
men. The forty or fifty million
dollars extra, which we expect the
farmers of these three states toob.
tain for their wheat crop, will be
represented not only by the forty
or fifty million dollars extra which
they will pay out; but the money
Will be used over and over again,
and Will be multiplied to at least
four or five hundred million
dollars.
| am especially glad of the ad.
vance at this time, because | be-
lieve it has come to stay with us
for awhile. We doubtless will
have reactions. The farmers OF
the Northwest may market their
crops so freely, as to cause a tenn
porary reaction, such reactions
are natural, and to he expected;
but l make the prediction that the
average price of choice milling
wheat will be above dollar in
Minneapolis, for the year to come;
and after the rush of the first
farmers deliveries there will be
plenty of opportunities for every
farmer in this state, who has
genuine No. 1 northern wheat, to
obtain a dollar a bushel for it at
his nearest country elevator.
my reasons are concisely,
these: The crops of all our ex'
porting countries are much smaller
than has been generally supposed.
The visible and the. invisible all
over the world is down to the
smallest supply ever known.
America is expected by all Europe
to furnish larger amount Of
wheat than she ever did before.
This 1t is simply impossible for her
to do. Because when you take in.
to account our present crop,
which is certainly not over $780,.
600, 900 bushels, and the visible
and the invisible supplies. we can.
al