The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-07-01

PART OF
Hlah Street
ever, have not participated In this ad-,
vance. and In recent years have declined.
In number and total value, so that last
winter ~ they numbered q t669, 600, worth 'oIrtn
$6s2,OO0.000.s %S
sheep, too are declining in number
and iii total value g Is put swine are. holalns
their previous position OF many years,
number being Al ,a21,o0O, valued ct
s 2ss. 5000. 83
In tho Ia 3sa uggggreagya gtheTfsvalilsS&sot farm!
animals OF all sorts has Increased n&fc1W}S
million dollars within q year and has
Increased S249, 100000 since the census OF
1900 Q 10 per cent 4s3 81 " Ss s4s2S$sS@Sss
Features8of Foreign Trade.
out Of the enormous productions Ct
the farms $of this country the wants ~
3S9, 900 people Ii been supplied, and
remains al surplus large s~enoughato
become d .gsllerous eontrlbution tosane
other nhtiona==ef the earth and npara
leled aaI,rnlonng them as a national agricul-
SturalE surplus Sas35} 5i4sst5s
& During tho last fscnl$year lending EJ7unle
&c. 1909, the exported sdonlestic#$far
products we're valued at sSg7, Ooo,0y0:44 This
was S5l, 10000 Below tho annual average err
Of the lyeS preceding years. a~lthougllll y;
was 1882, O0O, 600 aboYe5t the g sthe
Avee years 1S95-1s99,i and $l57,o 100000 above l''
the average Of 1S9O-1S94.
4Tfcreswa aSloss%of III Sa2,, 400, O00, sas com o
pared with the exportsBof farm produces
for the fiscal year 1904. Il accountns
for for this, II Is proper to notice that &slhe
$decrense IN the exports gofi gram S iuInnou
grain products, due to the n wheat
CROP. euualeSd Sal 100000, To his decrease
ia to be added a reduction Of " w !!
exports MOI y OF aponclsin g-house products. ahd
another Of $5,OO,00O in fruits, yaf'-
Gus minor items. ,S$9aaA2
On the other hand. however, there
were increases OF 30, 85O.OoOFi III exports. ot
cotton 81, TOG, co In oil cake and oii.caKe
meal; ST, O00, COO In vegetable oils; saCUJGS,-
900 in ride and various minor increases ssss
4 relative position of farm PRODUCES
in domestic exports Is a declining one on
nccount}of the gain In exports or manu-
fncturcs. 80 that, while tho exports &ollsg
former averaged G2.Q per cent y, "
domestic exports for the t1ye IVY.
1904, the percentage for lSo5 was y 5otiy vi
per cent.
Farmers Becoming Bankers.
Naturally such a large class OF me the
as the farmers. rouuclh
wealth and surpluses TO the exteit thut
they are, have savings, which they H
wasf = vnrIous ways, since in this counl-
tryE ira stocking and Its hiding place are
not tie savings bank. One OF e most
notable y~outgrowths of savings by fnrnllells
"a the very great multiplication Qfe sMu!l
national banks In recent years uha ae
amendment TO the national banKlns
act, permitting the organization o.. panks
with All capital Of less than So,VW. "
many as 1854 Of these banks were Oh
ganized from March i, 1900, 20 ocLopel
the non-contiguous possessions. IHese
banks are distributed mostly lnroush,
out the South and the North Gerllsail
states iii rural regions, where &lney,& de-
pend for their business primarily anu ana
directly upon the farmers prosperity
and, ,secondprily, upon the village merI
chnnts and persons of other y
who themselves are dependent lph Wy
prosperity OF the farmers.
In the Southern States 6S OF tnese sptAhs
were organized, representing 49, per cent.
Of the total number; In the North Gem
trail Statos the number was T92,I@ Or 3Ao.s
per cent. OF the total, 10 one who's
familiar With state and regional cond'-
tons, 1t is significant 10 notice that w
INC North Central States " st Of inc
mississippi River, $40 OF 1lese banks
were organized, representing @,3 per GEN.
Of the total number, and that IN mo
southwestern region. embracing Iexas,
indian Territory and Oklahoma, s91 new
small banks stand for 226.9 per cent. q
the total,
Economic Position Of Farmers,
II tho tarmeSs' econ6mio position. IN the
United States IN to be condensed 20 9
short paragraph, II may be said mat
their farms produced this year Wea1Nln
valued at s6,4l5 10000; that farm products
are yenrly exported with a port value
of $4,000 ,0c0; that farmers have reversed
an adverse international balance OF trade.
and hayo been building up one favorable
to- this country by sending to foreign mas
lions a surplus which in sixteen years
has aggregated 81, 000.0O0.OOO leaving an
apparent net balance OF trade during that
time amounting to R.Oa2 10000 after an
adverse balance against manufactures
and other products not agricultural
amounting to s64a, 0o. 900, has been offset,
The manufacturing Industries that de-
pend upon farm products, for raw mar
terigla employed a.l64,lW persona in lsl9'
and used q capital OF ,L2, 100000, Within
. decade farmers have become prominent
as bankers and as money lenders through
out large Areasi and During tho past
tiye years prosperous conditions and the
better'directed efforts of tho farmers
themselves have Increased the ys'u, RI
their farms 2a,6 per cent, or an amount
Approximately s2vRl IL, M11Aa44Q9.Q A