Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1908-10-06
SPE. KING A GOOD WORD FOR
IOWA.

Iowa would reap a great benefit if
all the delegates sent from tnis state
to national gatherings followed the
example set by Leo E. Stevens. cash
Ter of the Ottumwa National bank. and
vice president Of the Iowa Bankers
association, at the bankers convention
in Denver yesterday. in saving a good
word for the state y. Stevens was
down on the program for a five-min-
ute talk, and he demonstrated that
five minutes is not too short tina
in which to prove that Iowa is one
OF the richest and most favored +
states
Some of the points ought out by
Mr.. Stew MS no doubt surprised the
bankers. For instance his showing
that this state leads all others in the
number of banks, with l.574 institu-
tons. having an aggregate capital of
S6S,000,000 and deposits OF 100000
000 q per capita deposit of $150 1t
may not have been surprising to the
eastern bankers, as they probably had
not given the matter much thought,
but it doubtless was interesting to
them as presenting a subject worthy
of consideration in the way of opening
field for future inves tment to learn
from Mr.. Stevens that Iowa ranks first
among the states of the union in the
following particulars:
In the number Of acres of improved
farm lands.
In the value of farm products.
In number and value of hogs
In acreage of cereals.
In acreage and production of oats.
In animals sold and slaughtered.
In farm animals owned.
In production of butter, eggs and
poultry.
And that Iowa ranks second in the
following particulars:
In the value of farm properties.
In number and value Of horses own
ed
In value of cereals grown.
In acreage, production and value of
corn.
In value of oats grown
In acreage and production of hay.
Some of the other points brought
out by Mr. Stevens in his address to
the bankers of the nation are worthy
of production, especially his reference
to the products Of Iowa farms and to
the value of this years crop to be
marketed this fall He said:
The products of Iowa farms in 1907
reached value of over 1888, O0O, 900
and the farms themselves, including
improvements, machinery and live
stock thereon aggregated a value in
the remarkable sum of over $2,627,-
900.
Iowa did not suffer materially from
the panic last fall; she does not fear
one this fall Our crop experts esti-
mate we will this year produce over
three hundred million bushels of
corn, worth over S200,000,00O; oats
worth S70,00O,000; wheat worth
S5,000,000; barley worth s6,00O,O0O;
hay worth $6O,0o0,0OO; butter worth
4O,OO0,0O0; poultry and eggs worth
S35,000,000; potatoes and small fruit
worth $10,000,0o0; wool worth $4,000 I
000 A total In marketable products
from the farms of Iowa of over s42S.-
100000. In addition her farmers own
horses and mules worth $145, 900. 900
and cattle, hogs and sheep worth over
part of which will be
marketed this fall. Her coal mines
will produce over seven million tons
of coal worth about $12,OOO,OOO and
our 5000 manufacturing establish
ments will market products worth
100000, 900.
Iowa banks are loaded to the guards
with idle money, and when her crops
are marketed this fall, she will. as in |
the past, have money to loan to the |