The Black Hills union and western stock review. [volume] (Rapid City, S.D.) 1904-19??, 1905-09-01
Financially Independent.

The Minneapolis Journal calls at
tention to very gratifying state
of affairs, so far as the west is con-
cerned, in the following editorial
comment on the fact that the east is
at last willing to concede that the
| west is in q way to become financl-
ally independent of the money cen
ters of the east AS a matter of fact
the west is entitled to all the money
| it needs to handle it's crops, for the
money comes originally from the
west before finding it's way eastward.
But there are indications that the
west can supply it's own money, to a
great extent, and the Journal COM
ments upon that interesting fact:
"First advices Of the shipment Of
money in considerable Quantity to
the crop-producing west, comes from
New York this morning. This is a
little earlier than last year, yet ii
lis not necessarily indicative of great
er need, but on the contrary, it is
LIKELY that the west will require less
assistance this year, proportionate
to the quantity of produce to be
moved, than is usually the case.
mo one, however skilled in fl
nance, has ever been able to figure
out in advance, even with approx
mate correctness, what the westward
movement of currency will run to IN
a crop moving season. About the
closest one can come to it is to com
lpare one year with another, from the
western end. BY such a compari
son it would appear that less money
will be needed by considerable, ye
the financial independence of tho
. west, thing the west likes to tall
about, is not wholly established yet
: "Much is heard every year whel
the crops begin to move, OF the abll
: ity of the west to finance the move
y ment without recourse to the east
u 1t is true the conditions in this re
. spect have changed wonderfully il
the past few years. Still it is puttin
u it a little strong to talk of wester
financial independence, and it ha
le been noticed that in the past whe
IL the western feeling has been tha
l. the country could get along Withou
New YorF's help, it has never quit
'e turned out that way, and million
~ of dollars have moved out sooner c
D. later in the season. So also this yea
2r while prosperity is so great an
OF money so plentiful in the west thu
a present view of it would indica1
IN bility to go it alone, the west wi
Y robably be found drawing on Ne
: ork again little later on, for thel
a are big crops to move.
a "This question is of interest ju
ry now in another way. A big stot
al boom is on in Wall street TO llet
n stocks booming nothing is SO desi
mt able as easy money rates, whi'
of means of course plenty OF none
lal Hence the interest of Wall stree
ct, long doing business in indiffere
to markets where commissions a
ny smaller and expenses proportionate
;er larger, can see at last the long-wa
.or editor time, when prices are to ma
he new high levels, and business is
,ht run heavy Anything tending
he check this is frowned upon. A me
he ey drain upon New York for CT
i've purposes would not help stocks al
gh Hence there is shifting aroul
,,d and while in many a year the W.
has boasted of her financial int
en- pendence, and the astute men
Wall street have cody figured {
for where the west was vain and fooli
-, today we find Wall street talking
Ia the financial independence
tn, the west, and pointing out that ]
be money will be needed from n
the York this year than ever before.