Omaha daily bee., 1905-11-27

mestic exports of farm products have
amounted to $4,000 goo 600, or $1,000, 900
more than enough to buy all the railroads
of the country at their commercial valua-
ton, and this with a mere surplus for which
there was no demand at home"
Imports Of agricultural products, which
were mostly noncompetitive for the fiscal
year ended June 70, 1905, were $554,OOOGOO, or
$l25, 100000 more than the annual average
for the preceding five years. The net bal
ance in favor of the farmer for the year
is S2s5 100000. During the sixteen years
past the farmer has secured a balance of
S5,6SS,OC0OOO to himself in his international
bookkeeping, and out Of this he has offset
an adverse balance of S5l3,OOOOOO in the
foreign trade in products other than agri-
cultural, and turned over to the nation
from his account with other nations the
sum OF $685., 100000
support to other Industries.
How the farmer figures in other lines of
industry is set out in the report in the fol-
lowing language
Not content with his other achievements,
the farmer lends his strong shoulder to the
support OF the manufactures of the coun-
Try by furnishing raw materials. Computa-
lions based upon census information dis
close the fact that farm products, to some
extent obtained from other countries, con-
-
and SOS per cent of the total materials, and
these industries produce 1868 per cent of all
.l9ianntactured products and use AZ per cent
ST. At the same time these industries using
aEricpltuIHl materials employed 6.S per
cent OF all persons engaged I'm manufacture
ing, and the capital of these industries is
Al per cent of the capital of all manufac-
turing establishments.
ReStated In absolute terms. during the
last census year the farm products EN-
pdioSged N manuta9tuTes We're valued at
Guiding the preceding amount, was $3,S1,-
tO00OO; and the products of the industries
using these materials were valued at S,l2O,-
UOOOO, These Industries employed 2,l4OO
persons and had capital Of AlS2,Oo9O0o
such are the enormous interests, not en-
gagged in agriculture, but in industries, that
Farmer and his extraordinary productive
ability
influence ON Banking.
The farmer has also become a banker
says the secretary, and he proceeds tC
demonstrate his position by giving figures
Un the growth of national banks in thu
strictly agricultural sections of the country
On the matter OF deposits the report says:
In the north central states farmers HAY,
been depositing money in the banks unit
me rate Of interest on deposits has fallel
10 low that they have diverted large por
menis In spite of the fact that the banks
90 not receive and keep all or most of tn
posits In agricultural states and larger re
gtons Is most extraordinary. The fOilowini
are some examples OF the increase OF tn
deposits in all banks in the agriculture
states during the year ending June 80. 1875
In Iowa and South Dakota the nCToas
WAS 1913 per cent; in Nebraska, 1876; Il
Kansas. 81; In North Dakota, %. Durin
the same time bank deposits in the grea
capital state of Massachusetts Increase
~ por cent.
sun more remarkable Is the bank state
ment for the south central states. Durn
the last year the deposits Increased IL pc
cent In Texas, PA in Oklahoma, al pe
cent In Arkansas and 457 per cent in In
Indian Territory, while throughout tn
whole area Of that geographic division tll
increase was us per cent. The gener,
average increase for the United States Wa
iah per cent.
the latest prolonged financial depression
the comparisons are still more striking
During he ten years from that year
lune DO 1876, the bank deposits of a.
United States, all banks included. increase
1919 per cent In comparison with this
the increase Of the South Atlantic state
1914 per cent; OF the western or Rock
mountain and Pacific states 1898 per cen
" the north central states. 1915 per cen
ana still more striking is the percentage
the south central states, 205.1 per cen
while during the same time the deposits
The North Atlantic states increased on
to- per cent
For Individual states there are such &
rreases during the ten years 1903 y
cent for Iowa 239.3 per cent for Kansas
per cent for North Dakota and 355.I p
cent for South Dakota, The progress
the south central states was still mo