The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1907-11-30
Wilson Places Value of
Years Farm Products in
Thousand Millions.
YEAR MAKES A NEW RECORD
Corncrop Alone Exceeds Billion Dol
lars and Farmer Has Money
to Lend

Washington. D. c.. Nov. 29.-This has
been the farmers THANKSGIVING. Re
gardless Of Wall street panics, or Chi
cago clearing house certificates the
men with the bursting barns can con
graduate themselves on a years in
come of s7.412,000. 900 This is the total
value of the farm products of 1907,
according to the annual report of Sec
rotary of Agriculture Wilson, issued
today.
The farmer has more mody to spend
this year and more money TO invest
than he ever had before. If he were
minded to raid the high fnanciers with
his surplus funds he could corner the
stock market in Wall street and La
Sale street With his billions he could
take the Illinois Central from Harri-
man and the Standard Oil from Rookie
Teller.
The crop of 1907 has a greater money
value than any crop ever grown. 1t is
worth 10 per cent more than that of
last year, and twice as much as that of
I1SS9.
weather Worth $4,000, 600 Day.
The fine fall weather, which city
people regarded without thought, made
|
that every good day was worth go
| 0OO,0 900 bushels of corn, 10000, 600
pounds of cotton, and the entire wealth
production of the farm was at stake
| and was dependent upon a crop grow
ing season of sufficient length. Every
day of fine weather was worth $4,000,
600 to the farmer and to the nation.
With an agricultural production like
the United States? The secretary
points out that the miner cannot re-
store the mineral TO the mine. With
the farmer it is different. The primal
forces and atoms of the universe are
his. The sun shines and the rain falls
and the farmer applies his art and
science to inexhausttble resources. ever
adding enormously to the country s
wealth, capital, credit and welfare.
Corn is the chief of crops. and four
ffths of the worlds production is
grown in the United States. In value
the crop is above the high water mark
of 1906, and on the assumption that
the crop will be sold by farmers at al
average price not below the present
one, it's value is estimated at 1880,
900, 900. 9i
Corn t1nHnc10I bAS1S Oh the NOTlu
Secretary Wilson points out that the
value of the corn crop of eight sucf
years as 1907 would pay for the du
pIicating of every mile of steam rail
roads in the United States and pay
for their costly terminals rolling stock
and all property. In thirteen years i
would replace the present banking
power of this country in banking CAPT
tall surplus, deposits and circulation
and in seventeen years it would replace
the banking power of the world.
The hay crop comes second, with {
value of $3.50. 100000. and the cottoI
crop third with an apparent value onl!
few millions less. The wheat crol
is 51a per cent above the average il
value amounting to a little more thar
$500 OOO, 600 During the last nine year
wealth was created on the farms o
this country to the fabulous amount o
$50. 600, 100000
number of interesting comparison
suggest themselves in Secretary VIII
sons report Dairy products are niue
more valuable than any crop eXcep
corn and are equal TO onethird tn
, value of all cereals. The poultry pro
ducts are worth more than wheat, an
perhaps as much as the hay. The liv
stock sold from farms and slaughtere
+ on them is worth nearly twice as niue
$ as the cotton crop.