Rocky Ford enterprise., 1904-09-16
Effect Of Republican POicies in the Corn Belt
and Wheat Growing States.
VALUE OF LANDS GREATLY INCREASED
Prices of Cereals in "Lean" and "Fat" Years
Market Demand Affected by Action Of Ma
tional Admnistration-Rise in Values.
1903 :. ...... .iGG,0T5.0l3
1901 :. .......5l7.l lI3. li3

1903 :. ...... .IGG,0T5.0l3 b.si
1904 :. .....5lI, li3. .li3 G.33
In this table II Is significant to note
that the lowest per capita Of wheat con-
sumption during the last fourteen years
occurred during the Democratic period
from 1893 to 1897. and that since the
first election OF William Mckinley and
the Inauguration OF Republican policies.
up to the present time there has been
AN INCREASE OF OVER ONE.
THIRD IN PER CAPITA CoNSUMP-
rioN OF WHEAT.
Isereasea vaiue Of Yarn La uds.
The farm lands OF the United States
represent tho great portion OF its real
| capital When crop after crop IL pro-
dueed from the soil. the capital still re-
mains practically intact. unless bad
Judgment Is used In planting crops
without rotation. or unless the cream Of
the soil Is washed away by foods. or
unless tho productive value Is otherwise
destroyed through various kinds OF Inn
providence like the interference with
forest life at the hcndwaters OF streams.
The farm lands OF the country arc thus
unlimited SOURCES OF wealth as compared
with mines and forests the annual In
s""r Atpuu WHICH t'pEssTnt uoS EcIi ii-
come. but instead encroachnents on real
capital.
How the Increment IL Earned
The value OF the crops produced dur
Ing a particular season tend TO regulate
the value OF lc capital (hc soiD from
(which they Fc produced. jus, like the
Idsnds Ehieh different securities
ken o. as .a,,carnei Increment. that
4 arisen ~, the appreciation In land
/alues. But hlIc the agricultural his
tory OF the United States for the last
eight years has shown an enormous
amount Of this Increment" yet TO say
that II has been ''uncarnei' Is a rank
| Injustice TO the farmers who have CO.
operated with Providence to proiuc.
the crops on which not only land values.
bu, the national prosperity Is based from
year to year.
There are some people who seem to
think that u Is only by speculation that
wealth IL acquired. There are other
people who hold tina, hard Industry Is
all that i needed for the accumulation
OF the riches of this earth. There arc
others who lay strcss on smarincss. on
economy aud on other traits Of long
hcadedncxs. But while there are many
dircrcn; ways by which individuals OF
our country have grown wealthy. yet TO
trace out how the United States as a
nation has grown to be a niulti.blllion-
nirc. ws must primarily consider tho
record OF yield aud prices on our crops.
IL is a popular delusion that the size
OF the crops IL the whole thing as re-
cards agricultural prosperity. Provi-
dcnce aud tic farmers Individual Jill.
scncc are responsible for the size Of his
| crops. But the financial appraiscmcnt
OF this great work OF Providence and
himself. which makes up the supply"
Is determined by the market demand"
and this In turn. Is affected largely by
national economic policies.
Except for wheat the supply from
this years crops OF the United States
will probably be greater than for last
year. In the aggregate as regards size,
the crops will this year very likely be
the most abundant Ia our history. unless
the present bumper prospects In corn
should. at the eleventh hour. DO reduced
| by unluclsy visitation OF frost. And In
the aggregate. ns regards values. Il looks
as IL our crops would this year bring
greater wealth to tho United States than
ever before.
steady Gains In raiuc.
The following tables show how steady
have been the gains In cash values OF
staple crops. despite fluctuations from
year to year In size Of crops:
CORN.
Production. Total Value.
Tat a,a-fOly ppfI gupt .,p SOS sol