The Dolores star., 1907-10-25
sI5,75O,oO0 IN
SUGAR BEETS
MORE MONEY IN CIRCULATION IN
COLORADO THAN EVER BE-
FORE. SAYS YOUNG.
HARD TIMES RUN AWAY
COLORADO rs GROWING RAPIDLY,
BUT IN A SUBSTANTIAL AND
PERMANENT WAY.

PERMANENT WAY.
Denver.-James b. Young, secretary
OF the Colorado State Commercial As
sociation. has prepared the following
conservative statement:
ANY man In Colorado is justified in
talking prosperity in the state at the
present time. Conditions are good.
The farmers are prosperous. Crops
have been good. There Is not an idle
man, IL man Is looking for work, in
the state. The financial institutions
OF the state are In good condition, ex-
cellent condition. We hear talk of a
stringency existing In the financial
market In New York. There is no
such striiigency existing in Colorado.
True, the state Of affairs In the East
gives the banks Of Colorado a chance
to make loans that ordinarily would be
handled In the East. but even now we
are away above our reserve''-State-
ment OF Thomas Keely, Vice President
First National Bank.
The statement of Keely is that of a
conservative man of affairs. one who
keeps his finger on the financial pulse
OF the state. and who is not given to
exaggerctfon. From reports which
have been collected in the office of the
Colorado State Commercial Associa-
tion within the last week believe that
the next published statements of the
banks OF the state are going to be
mighty interesting reading, l believe,
although predictions along this line as
rule are risky. that the deposits Of
the banks of Colorado when compiled
will prove to be big surprise to most
people.
More Money Than Ever.
Why? Simply because there is more
money in circulation in the state right
at the present time than perhaps ever
before. The reason? The bountiful
harvests.
Colorado is veritably land of gold.
It produces gold by the millions for the
miner; 1t produces many millions more
OF gold each year for the man who
grows and does not dig on his land.
have been collecting some data on
two or three of Colorado's crops.
have touched only the high places and
have not taken into consideration. per-
haps. the most valuable crop of all.
the small grains. Yet the figures in
some instances are astounding.
What will the beet sugar industry
be worth to Colorado in actual money
this year? Have you any idea? Fif-
teen million seven hundred and fifty
thousand dollars for beets and labor
alone. Put 1t down In figures: $15.-
10000. Yet these figures are
conservative. Very conservative.
The proofs? There was put un-
der cultivation in Colorado alone this
year in sugar beets 10000 acres. Fig
ure the average tonnage per acre at
fourteen tons. This is a low figure.
In many instances beets will run as
high as thirty tons to the acre but l
am taking fourteen tons as a safe fig
ure. Then there was raised in the
state 100000 tons of beets The price
per ton is IS. The beet growers will
be paid for beets alone $1O.500, 900. The
estimate Of the cost OF manufacture of
the beets into sugar as given me by
the Great Western Sugar Company is
about half the actual cost of the beets.
This would give $5.250.00O for labor
and manufacture. The grand total is
e16,75O,000.
What need is there to say more
about the value of the beet sugar in
dustry to Colorado? Sixteen factories
are at work, now, scattered north
south. east and west over the state
grinding beets into sugar Thousands
of farmers are busy hauling their beets
to the dumps; smoke is pouring from
the tall factory stacks night and day
for there is no let-up when once manu-
facture. is begun, and 1t will continue
to pour out until well along in the
spring.
In considering the beet crop 1 have
not taken into consideration the by.
products of the beets, which are worth
many thousands of dollars. Cattle
live stock all over the state. is being
fattened on the pulp. 1t will be only
few years when the value of these
by-products will be increased wonder
fully. New uses for the beet pulp are
being discovered all the time.
Take the cantaloupe crop as another
instance of the wonderful fertility OF
Colorado's soil. Complete reports
from the melon-growing sections OF
the state have not yet been received
but a few figures will go far to show
the extent and the immensity of the
melon-growing industry.
During the height of the melon-ship
ping season 300 900 cantaloupes were
moved every day from the Arkansas
valley alone. They were loaded In
cars and went scurrying to every part
of the country as fast as the frui,
trains could carry them.
$4,000 for Melons.
A. C. Sloan. secretary Of the Rocky
Ford Melon Growers Association. yes
terday finished his compilation of the
shipments made by his association
| They totaled 312 cars of melons
shipped by only one association from
one point in the Arkansas valley