Dakota farmers' leader. (Canton, S.D.) 1890-19??, 1897-07-02

saved US from gulf of ruin and disaster
last year, such as is not pleasant to con-
template, and on the verge of which we
now hang. Whether we shall be favored
this year by the misfortunes of our COM
deeper into the sloughs Of impoverish
ment and dependency. it is too early to
say. Yet it seems probable that we
should be SO favored. Our crops give
promise Of bountiful yield. The indi-
cations are that our wheat crop will be
the second largest on record. that it will
exceed by 100, 900, 900 bushels the crop Of
last year. So our farmers will have a
hundred more million bushels to sell. II
they can get market at the same prices
received last year, they will realize $780,
900, 900 more for this years wheat crop
than they got for last years. If so, and
they realize as much from their other
crops. they will have S70,000,000 to
spend for manufactured products.
This would bring measurable increase
IN the demand for manufactured goods,
and an appreciable revival Of trade and
industry. The question is, will they
realize as high price for wheat. 1t
hardly seems likely. The present quota
ton for wheat does not indicate that they
will, and it must be remembered that
Indian famines, Australian and Argentine
dearth. led to an abnormal increased de-
mand for our wheat last year, and,
together with our rather short harvest,
to price higher by twenty cents a
bushel than was realized far the crops of
the three preceding years. And now we
have promise Of large crop, which.
other things being equal, might be ex.
pected to lead to fall in price. Whether
or no other things will be equal, whether
the demand for our wheat IN Europe will
be greater or less than last year, is un-
certain. We know that the Indian, the
Australian, and the Argentine crops are
exporters, and that the latter will not be
a large exporter. So conditlous thus far
are about as favorable to us as they were
last yea:.
A rise in the price of Argentine paper
and co-incident decline in the gold
premium may further operate to check
exports from Argentine. There are in
dlcations, also, that the French wheat
crop is short. and that France, instead of
supplying her own wants, will need to
import about 40, 900, 900 bushels OF wheat.
What the crop will be "a Russia IS unde.
termined. Should it be small. our
farmers will find good demand for their
wheat, be enabled to command price
for wheat but little under that received
last year, and to realize from their large
wheat crop more money than they rea-
lized from their smaller last year. If so.
provided they realize as much from their
other crops, they will better their con-
dition.
But it is on the combination of such
circumstances that the hope OF agricul-
tural improvement, and hence, manu-
featuring improvement hangs. The
Republican party has done nothing, will
do nothing, and gives promise Of dong
nothing, TO better conditions. The start.
ing up Of the mills before there is
market for the goods, President McKin-
ley declares to be useless, as it is. And
the passage OF the tariff will not make an
increased market for our manufactured
goods by shutting out foreign goods, an
increased market such as would warrant
the starting up of mills, for the loss of
market for the products of our mills and
factories and which has led to their
idleness, has not come from an inroad Of
foreign goods, but from The impoverish-
ment Of our agricultural population, and
the resultant curtalled consumption Of
manufactured goods.
We cannot make prosperity by starting
up the mills. We must make prosperity,
and lay the foundation for starting the
mills by making market tor the pro.
ducts. And the way to make that market
is to protect our farmers by restoring
bimetallism. The American.
Money to Loan.
Remember have money to loan on
real estate at all times. No waiting to |
send away applications.
43 CHAs E. JUDD.
M. r. Odell the Hudson druggist car.
ries a complete line Of pure drugs. patent
medicines, wall paper, paints, oils, WIN
dow shades jewelry, musical instruments |
and notions. Mr.. Odell invites the pub |
lie to give him call.
Notice.
Notice is hereby given that the regular
stockholders meeting of the Farmers |
A TT