The Idaho Springs siftings-news., 1907-11-02
MILLIONS FROM CROPS AND
MINES MAKE COLORADO
sroREhoUSE OF WEALTH.
BUSINESS MEMS VIEWS
DOLLAR WHEAT AND GOOD
WAGES TO lAeoRERS MAKES
THINGS HUM IN THE WEST.

bone OF the commonwealth"
The foregoing statement by Meyer
Friedman. president of the Denver
chamber OF commerce. sounds the key
note as to the secret of the magnib'
cent stability OF the financial struc-
ture Of Denver and the state at large
in the face OF the upheaval in Wall
street Despite the excitement
throughout the Eastern states as b
result OF that upheaval not the slight
est uneasiness is felt in the money
markets and big business houses OF
Denver. Every line OF business is pur-
suing the even tenor OF its way and
optimistic reports Of healthy growth
and increase OF trade is coming from
every side.
Millions From Wheat.
Dollar wheat, and 10000. 900 bushels
OF it ready for the market in the gran
aries OF the farmers. is adding to the
100000 and more OF financial Joy
that has already come to the backbone
mentioned by Mr.. Friedman through
the marketing Of the beet crop. And
best OF all the farmers don't need the
money. Instead Of the usual feverish
haste to get their crops to market as
soon as the harvest is over the Colo
rado growers are so well situated this
year that they are able 10 bold their
commodities and command the prices
instead of leaving the fixing OF that
all-important item to the purchasers
or to produce brokers. And what is
true of wheat :" true OF every Othd
commodity according to reports re,
ceived'by James n. Young. secretary
OF the Colorado State Commercial AS
sociation.
This year has been the banner year
Of the states history for the agricIl-
turists New lana has come under cul'
tiyation through the extension OF the
irrigation systems and the extension
of dry farming. In addition to the
prosperity of the farmers the mining
I Industry reports gratifying improve
ment in nearly every section of the
state. and big gain over last year 8
production OF $50 900. 900 is looked for.
What the business men say OF con
ditions follows:
/ Meyer Friedman. president Denver
Chamber Of Commerce:
The foundation for all financial
prosperity consists of the solvcncy OF
those who are really the backbone OF
the commonwealth
THE farmer is in better financial
condition today than be has been fc
great number of years past. With
the farmer as the creditor instead of
+ the debtor that he was some years
ago. | cannot see that the spectators
/ furry in New York can in any way
affect any part of the West.
Our banks are N more than first.
class condition and with reserves of
about double that which is required
by law.
"Our merchants have had prosperous
years and are not in debt. For thes,
reasons | can see no danger aheai
and do not believe that the presen'
condition in New York will have any
Ill effects in Colorado"
Values, Nonsoeeulative.
". A. Hover. president OF the United
States National bank and w a
Hover & Co, wholesale druggists:
Colorado is probably in better
shape today to withstand the shock of
financial disturbances now prevailing
on Wall street thdn at any time in
her history. Those who are familiar
with conditions locally know well that
Colorado was one of the last sections
TO respond to improved conditions fol
! lowing the period of depression pre-,
vailing for several years after the
panic OF 1898. Improved conditions
when they did come, were on a most
conservative basis. Values Of all
kinds in Colorado are nonspeculative
in character and are Of real intrinsic
worth Our financial institutions are
not burdened with securities of spec.
ulative character or of inflated values
| The clearing house banks. OF Denver
have ample cash reserves to meet all
legitimate requirements. and there is
nothing whatever in the situation to
cause any apprehension on the part of
our business community"
Wholesale Business Index.
Charles Mac A. Wilcox. manager the
Daniels & Fisher Stores Company
I'VE have not yet felt the slightest
effect OF the Wall street and Eastern
financial disturbances, and / don't see
any reason why we should. Business
here during this season has shown a
very gratifying improvement over a
similar period Of last year in all Of
the ,Ines with which | am familiar.
Our wholesale business has been par.
t!cularly healthy. and that is usually
sn unfailing barometer Of trade condi-
tons.
Crops in all sections Of the state.
except for the fruit that suffered from
frost last spring. are better than ever.
and conniaLding the highest prices.
Even the fruit crops have been money
makers because OF the unusually good
prices commando !. talked last week
Ni,h one nk II laroes, In q