Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1905-11-27
Secretary Wilson Says the MAN
With the Hoe Has Become
the Banker
GRAIN GAMBLERS ARE HIT
Wilson Declare. They are Parasites
and Menace to the Welfare Of the
Great Agricultural cIass-Enormous
Wealth Produced on the Farm Last
Year.

Washington, Nov. T.--1The products
Of the farms Of the United States In
1905 reached a value OF $6,415 600, 900,
the highest amount ever reached ac-
cording to the annual report Of Secre-
tary Wilson.
Besides the enormous yield the Sec
rotary estimates the farms Of the
country have increased in value dur
ing the last five years to present ag-
gregate of $6,133.000,o0
Every sunset during the last five
years" he says, has registered an
Increase OF $3,4O0,0O0 in the value OF
the farms Of this country"
In dealing with the crop report
leak" Secretary Wilson, after re-
ferring to the gross breach OF trust
on the part Of one OF the employees Of
the bureau OF statistics" says: This
department acted with vigor and dis
patch when 1t got evidence OF wrong
doing on the part Of its own officials;
but we have no evidence OF discipline
airy or preventive action at the traders
end of the line, where gamblers, inter-
ested neither In the production nor
consumption, disturb, values to the in
jury of both and make loud cutlery
when creatures OF their own kind corr
rupt 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, CANDLES 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 its highest production with
2,70S,000,000 bushels, gain of 420O0,-
900 bushels over the next lowest year,
1899.
The hay crop II valued at $6O5, 000..
900. Cotton, $575,000,00O; wheat, $685.
100000; oats, $2s2,O0o,OoO; potatoes,
$13S, 100000; barley, $5S.0o0.000: tobac-
co. s52.ooo,o0o sugar cane and sugar
beets, $5o,000,0O0; rice. 1882, 600;
Of $54.000,000 over last year.
l 1uc sldIllloI US'IAp tuo SSCIcIdIy
says, rs becoming worthy compan-
ion to his COW. The annual production
Of eggs is now a score Of billions. Poul-
try products have climbed to a place Of
more than half billion dollars in
value, SO the farmers hen completes
with wheat for precedence"
There are more horses and with q
larger aggregate value than ever be-
FORE Notwithstanding, as the secretary
says, they were first threatened by the
bicycle and later by the suburban troll
ley and the automobile. He estimates
their value at 1,20o,000,0o0, or nearly
as much as the corn crop, and the value
Of mules at $252,000,oo0.
Under the recent amer .ment to the
national banking not allowing the es-
adjustment Of banks with capitaliza-
ton OF less than $4,000, there have
been 1854 such banks established in
the last year, nearly every one OF
which is located In a rural community
and the capital furnished by farmers.
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" says
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 agricult-
ural states and larger regions is
most extraordinary.
Wealth for "Man With Hoe"
"The foregoing remarkable increases
in bank deposits in agricultural states,
as we'll as the increase In the number
Of small country banks, are directly
and Indirectly because Of the profits
that have come to the farme from the
operation Of their farms. The man
with the hoe has become the man with
the harvester and the depositor and
shareholder Of the bank.
%Should there he no relapse from his
present position as wealth producer,
three years hence the farmer will find
that the farming element, about thirty
five per cent Of the population has
produced an amount of wealth within
ten years equal to onehah of the en-
tire national wealth produced in three
centuries"