Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1905-12-01
| SET WORLDS RECORD.
AMERICAN FARMS SHOW UN.
pARALLELED PROSPERITY.
Secretary Wilson Declares Crop
Weld of 1905 Is 100000
earn Alone Worth Bf1liOn-in-
crease in Land Values.

THE products of the farms OF the
11ni+od States in 1905 reached value
of S6.415, 100000, the highest amount
ever reached. according to the annual
renort of Secretady Wilson.
Besides the enormous yield the Sec
retary estimates the farms OF the coun-
FRY have increased in value during the
last five years to a present aggregate
of Sc, 49,, 100000.
"Eyery sunset during the last i've
years." he says, 'shas registered an IN
crease of So, 100000 in the value OF the
| FERNS of this country"
In dealing with the crop report
sleak.n Secretary Wilson, after refer
ring to the ''gross breach OF trust on
the part of one Of the employees of the
bureau of statistics" says: This de-
partment acted with vigor and dis
patch when it got evidence of wrong
doing on the part of it's own officials,
but we have no evidence of dlsclplln-
airy or preventive action at the trad
ers' end of the line, where gamblers,
interested neither in the production
nor the consumption, disturb values TO
the injury of both and make loud out
cry when creatures of their own kind
corrupt officials to betray confidence
for the love of money.
"The responsibility for this leak is
shared by every one, who, to get mon
ey without work, gamble in farm
| products When this form of industry
ceases these parasites who tempt de-
partment officials will have to work
for their bread"
Analysing the principal crops for the
year, the Secretary says that corn
reached it's highest production with
/ 2, 7OS 100000 bushels, a gain of A.
| 100000 bushels over the next lowest
year, 1899
The hay crop is valued at $685. 00,-
600. Cotton, $575, 100000; wheat $525,-
600, 600; oats, $2S2, 100000; potatoes,
$138, 900, 600; barley, $5S,000000; tobac
CO. $50, 100000; sugar cane and sugar
beets, $5O,0O0,000; rice, 1882, 600;
dairy products, $500, 100000, an in
crease of $54, 600, 600 over last year.
'The farmers hem the Secretary
says, sis becoming a worthy compan-
ion to his COW. The annual produc-
ton Of eggs is now Il score of bill
| lions"
| There are more horses and with
larger aggregate value than ever be-
fore, notw thstanding, as the Secretary
4 f.. 81 20,
bicycle and later by the suburban troll
ley and the automobile He estimates
their value at $1,200,00000O, or near
| ly as much as the corn crop, and the
| value Of mules at $252O0O,OOO.
! Under the recent amendment to the
national banking act allowing the es-
| tablishment of banks with a capitaIiza-
ton of less than $4,000, there have
been 1,754 such banks established in
the last year, nearly every one Of
which is located in rural community
and the capital furnished by farmers.
''In the north central States farm
| erS have been depositing money in the
banks until the rate of interest on de-
posits has fallen so low that they have
| diverted a large portion of their saw
ings to permanent Investments" saws
the report. .''In spite of the fact that
the banks do not receive and keep all
or most of the farmers savings. the
increase of bank deposits in agricul-
tural States and larger regions is most
extraordinary.
The remarkable increases in bank
deposits in agricultural States, as well
as the increase in the number of small
country banks, are directly and indi-
rectly because of the profits that have
come to the farmers from the opera
ton of their farms. The man with the
| hoe has become the man with the har-
| vester and the depositor and sharehold
| er of the bank.
Should there be no relapse from
his present position as a wealth Dro-
| Queer, three years hence the farmer
| Will lind that the farming element.
about 80 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"