The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-08-25
SOUTH DAKOTA
LEADS IN OUTPUT
OF new WEALTH
Claims to Produce More Than
Any Other State in Proper
ton to PopuIation-Figures
Presented to Show That This
Year Viii Be No Exception.
Special to The Globe.

! Special to The Globe.
SIOUX FALLS, S. D., Aug. 24.-For
| the past four or five years it has been
| the, boast of South Dakota that, TAX
| ing population into consideration, the
| state each year during that period led
all the other states of the Union in
the production of new wealth. These
boasts were fully substantiated by fig
ures which could not be disputed.
South Dakota has decided to make the
same claim again this year, and, as
was the. case during the past few
years, is once more prepared to fur
niSh proof in support of the claim
that more wealth viii again be pro-
duced in the state this year than by
any other state, according to popula-
ton.
Information as to the financial con-
dition of the people of the state is
furnished by the current reports of
National Bank Examiner Silsby and
State Bank Examiner Hemingway.
They show that the banks have ag-
gregate deposits amounting to over
$29, 600, 000-or about $40 for each man.
woman and child in the state. In jan
uary, 1899, there were twenty-five ma
tional banks in South Dakota, while
now there are fifty-seven. Eighteen
new national banks were established
in the state during the last fiscal
year.
Gain in Bank Deposits.
Notwithstanding that the crops were
seriously affected by frosts every
month except July Of last year, which
materially reduced the volume of de-
posits and compelled many who
usually had balances with the banks to
borrow money to tide them over, the
deposits in the national banks show a
gain over 1899 of more than 100 per
cent Examiner Silsby calls attention
to the fact that within the past few
years many farmers have become
stockholders, officers and directors in
the national banks, which he states
indicates very clearly that the South
Dakota agriculturist is getting on
Easy street.
These reports Of the national and
state bank examiners were compiled
at time when the deposits We're at
the lowest ebb of the entire year.
During the early part of the sum-
mer money is being steadily paid out
by. residents of the state" especially
by the farmers, whose income is re-
duced to the minimum. Within few
weeks, when the farmers commence
to market their crops, money will flow
back into the state, and it will come in
liberal installments as the farmers
will have many millions of dollars
worth of products to ship.
The total production of new wealth
in South Dakota last year was con-
servatively estimated at $119,949, 900.
Estimating the population of the state
at 100000, an increase of nearly 10 per
cent over the census of 1900, the per
capita production for the year was
$26 or about $1,197 for each family.
Crops of 1903.
Careful estimates of the acreage and
yield for South Dakota this year as
compared with last year are as fol-
lows:
Wheat.
1903 q, 100000 acres; yield Is
1909, so4 347 acres; yield 1872
EuShelS 45,9 o,oo5
Barley.
1903 $4,000 acres: yield 80
1s oas2ss 745 acres; yield as:a 'V'''000
bushels S,9Zl,745
Oats.
1sos-525, 900 acres; yield 40
1eosAsoo, 600 acres; yield IS 0e0'0'0
bushels IL ,500,00
Flax.
1sOs-soe,o 600 acres; yield 10
1so2a , 600 acres; yield ,,,o ooo
DOSn6lS !, 44U,UUU
Corn.
1903, 100000 acres; yield rs :.
1907 osn i577 1913 acres yield 10 'O0'O0V
bushels Observation-Disclosures. Is, 773, $50
The value of the various products of the
state for 1908. as near as can be esti-
mated will be as follows:
Bushels. Value
Wheat SIS, 100000 $44 400 900
Corn ..............42,50 10000 $4,000, 900
Oats ;. ........... 81, 100000 5,880.000
Barley ,O55, 900 2,763, $50
Flax .......-....... 5,0t0,UOO z,f54,OUO
Live stock, from farms and
ranges sgt, 200
Dairy and creamery ......... $500, 600
Eggs and poultry .............. 100000
Hay :. observation-disclosures. 10000. 900
Wool and hides ................ 100000
Garden products and fruit 80. 3,400, 600
Black Hills gold product. 100000
Stone and OBSERVATION-DISCLOSURES. 400, 900
Total production of new
wealth for 1903 ............ $138, 597, $50
Total production of new
wealth for 1902 .......... 9,949, 900
Increase for 1903 ............ $18,64S, $50
Figuring on a basis of 100000 popu-
lation, this would give a per capita
production of about $307 for every
man, woman and child in the state,
including Indians-of whom there are
about 20,000-as well as whites.
Cities Independent Financially.
During the present year a number
of cities and towns have been able to
show their independence of the East
ern financial centers. In the past,
when bonds were to be issued for
school, municipal or other purposes,
money could not be secured except at
the financial eenterS, and at high rates
of interest. Within the last few
months a number of South Dakota
cities and towns have issued bonds for
various purposes, and have not had to
go out of the state to sell them. Today
all kinds of South Dakota securities
are considered gilt edged and the only
regret expressed by Eastern financial
men is that they are unable to secure
more of them.
David Eastman, former commits
sioner of school and public lands, is on
record with the prediction that in the
not distant future the endowment land
funds viii be practically supporting
most of the public institutions of the
state.
The state also has a very large area
of government lands which are sub
ject to entry under the homestead
laws, there being in round numbers
about 100000 acres of such land in