The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1908-12-04
GREAT YEAR FOR FARMERS.

What a world of wealth is being
accumulated by the farmers OF the
United States by reason of their in
dustry. favorable season and the
productiveness of the soil. The farm
err is coming into his own rapidly and
after while, If this thing keeps up, he
will be regarded as a plutocrat.
There is one thing sure and that is
when the farmer is prosperous there
is nothing wrong with the other lines
of business of the country. The Bal
timore American in an interesting
article made the following COM
ment on the report that has been
sent out by the agricultural depart
ment concerning the crop yield of
the present year:
According to the estimate of
Secretary of Agriculture Wilson, the
aggregate value of the farm crops
of the United States for the current
year will be $4,000 900, 900. This
breaks all previous records and ex-
ceeds the total valuation of last years
crops by $500, 100000. 1t is an
amount SO great that its proportions
can only be grasped by compari-
sons, or by showing what could be
bought with such a sum.
The entire national wealth of
Spain, according to latest standard
estimates, is $5.400.0 900, 000. If,
therefore, Spain we're offered for
sale at par, the farmers of the Unit
ed States from the realized values
of this years crops could purchase
the entire kingdom, including cities.
towns, farm lands. live stock, rail-
roads and shipping palaces. forts-in
short, the entire fixtures and outfit
of the country that is measurable
In a monetary valuation. And after
paying over the purchase money
the purchasers would have $780,
oO0. 900 10 put Into improvements.
They could pay for both the King
dom Of Portugal and the Republic
of Switzerland in q job lot sale
upon the same basis of valuations,
and have more than $500, 100000
left for making developments.
The monetary value of the crops
of the Unlted States for 1908 is
greater by several billion of dollars
than can be measured by all the
moneys that will be collected and
expended during the passing fiscal
year by all the governments of
Europe. II the American farm yield
had to be paid for in a lump sum.
all the money in the United States,
including gold, silver and uncovered
paper, would not be sufficient for the
purpose by $5,446, 100000. And ii
all the money Of every description
in circulation in Great Britain,
France and Germany added tc
the told monetary circulation of the
United States, there would still be
lacking ore than $4,000, 000,0 900
of a s%uficiency to make a spot cast
payment for the farm products o.
this country grown during this sin
gle year 1908.
ALLOWING that the farmers OF
the United States will sell only two
thirds of the products grown thi:
year and reserve the other one-thirc
for their own consumption. the val
ne Of the portion Of the crops mar
keted will aggregate $5,333,333.33;
And there isn't half enough none.
in the United States to pay dowr
ION the nail' for these goods. ant
II the entire farm surplus of tn,
United States should be exported
there is not enough money in all tn.
banks and all the pocketbooks o
Europe to pay cash for the market
ing"
Through the instrumentality o
the republican of the