The Dawson news. (Dawson, Ga.) 1889-current, 1905-12-13
THE FARMER is RULER OF WORLD
HIS WEALTH PRODUCTIONS THIS YEAR REACH
THE TREMENDOUS TOTAL $o415,OOoooo
The Highest Amount Ever Attained in This Any Ohe
Country. The Corn Production Is the Largest in History
in Every Section Are Depositing
Money in the Banks.

had value of $S7, 900, 600, which was
less by $51, 100000 than the average
exports for the five preceding years.
In accounting for this the secretary
says owing to the short wheat crop
there was decrease in the export of
that cereal amounting to 81, 900, 900;
of $4,000, 900 in the export of packing
house products and another S., 900, 900
in fruits and other minor items. The
increase included SO, $780, 900 in cotton;
81, 100000 in oil cake and oil cake
meal; 81, 900, 600 in vegetable oils and
and 100000 in rice and various
other products.
During the last sixteen years, " the
secretary says, ''the domestic exports
of farm products have amounted to
S12, 900, 900, 900, or hundred billion
more than enough to buy all the rail-
roads of the country at their CONNER
cial valve, and this with a mere sur
plus for which there was no demand
at home"
Secretary Wilson points out thai
the farmer is taking an important
part in developing the manufacturing
interests of the country by furnishing
raw material and that he has also be-
come a banker. The farm contribu-
ton to manufactures during the year
were 81, 800, 900, 900. Under the recent
amendment to the national banking
act, allowing the establishment of
banks with capitalization of less
than $4,000, there have been l, 724
such banks established in the last
year, nearly ever one of which is To-
Gated in rural community, and the
capital furnished by farmers. OF these
new banks 655 are located in the
southern states, and 1872 in the north
central states. Speaking of the in
crease in deposits in the banks by the
farmers the secretary says:
Farmers DepOsiting Money.
SIN the north central states farmers
have been depositing money in the
banks until the rate of interest on de-
posts has fallen so low that they have
diverted a large portion of their saw
ings to permanent investments. In
spite of the fact that the banks don't
receive and keep all or most of the
farmers savings, the increase of bank
deposits in agricultural states is
most extraordinary.
SIN Iowa and South Dakota the in
crease was 14.9 per cent; Nebraska
1875; Kansas 9.5; North Dakota Is.
Bank deposits in the great capital
state of Massachusetts increased 81
per cent.
Analysing the increase of the value
of farms Mr.. Wilson says:
"Figured in dollars of gain per acre
the increase during the five years past
of medium farms were in the north
central division SLIPS; in the western
division 1876; in the north Atlantic
81. 26; in the south central division
1896. The average increase for the
United States 1871.
"The cotton farms have increased
in value $3.50, 900, 900, so that it might
be said that during the past five years
the cotton plantations have had six
crops, one of them a permanent in
vestment promising to pay good re-
turn year by year.
The report concludes:
"Should there be no relapse from
his present position as a wealth-pro-
Queer three years hence the farmer
will find that the farming element,
about IS per cent of the population,
has produced an amount of wealth
within ten years equal to one half of
the entire national wealth produced in
three centuries"