Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-03-13
Contrast to Eastern Conditions
Is Striklng-Tarih Is a
Prime Factor.
BIG CROPS MEAN PROSPERITY
Opinion Of Henry Clcws l. That short.
age VIII Mean Much suffering
Among the Middle Glasses.

Iu the local financial field. bankers
report conditions satisfactory. with a
good demand for money and the sup
ply equal to the demand. Outside
matters have not improved much. as
there seems to be something OF re-
action, especially along those lines az.
farted by tariff revision whore deter.
rent effect is felt, and whore reduc.
lions are likely 10 cause a correspond
ms reduction Of wages. This Is con-
didon that neither capital nor labor
would care to invite, but which may
De- Inevitable.
LARGE CROPS NEEDED.
In his last circular letter Henry
Clews says.
one OF the countrys greatest needs
Bt this time Is large crops, and much
depends upon the next harvest A
poor yield VIII surely prolOng dopreS-
Sion and bring much hardship amouc
fhe working classes while "a big yield
will prove an iucalcuahle advantage
and do much towards insuring n re-
turn To- real prosperity. The high
cost of living must be largely attrlbut-
cd TO the high prices prevailing for
agricultural products Wheat. -four.
oats. hay, meats vegetables. butter.
eggs etc. are an unusually expensive
because there lis not @ sufficient abund-
auce Of these articles 10 Keep prices
~ "a more normal level. Availahle
supplies are so limited, and cheap
money so abundant that unhealthy
speculation is fostered. II rs altogether
700 easy to corner the markets. The
only cure for this situation IS largrr
InsH "a fah rnr 4
for money. II Is generally recognized
that the growth Of agriculture, especi-
ally boo the United States, has not kept
pace with the growth Of population,
partly because of the drift towards the
great cities. The result Is that today
our farmers as a class are the most
proseporus people I'm the country, in
fact, they have, had several years Of
prosperity. and the prospects are that
this win continue for some time TO
come. No one begrudgcs our ugrl-
cultural classes their good fortune for
they have been. and must continue 90
be- the backbone of the country But
this prosperity has not been shared by
others; II has been chiefly class proc
sperity. whereas true prosperity is that
which is shared by an classes in some-
thing approaching equitable proper
tons. Just now the farmers are thirty
ing upon the necessities OF "a helpless
public which is passing through
period Of more or less adversely and
depression Upon the poor the high
prices of food products today are an
exceeding hardship, and the contrast
between the average working man ln
our great cities and the average coudi-
ton OF the same class On agricultural
sections is very striking showing "a
difference that should not indefinitely
continue The new school Of cconom-
lists has been arguing that prosperity
consists I'm scarcity and high prices.
This fallacy. however is being raI - ~
exploded. Managers of some OF our
great trusts fell into the error OF
adopting these new doctrines much TO
their present discontinue. and APP
psrently our farmers have yet 70
learn the lesson that true prosperity
lies in abundance and not In scarcity
The country as a whole would be
infinitely better of with big crops al
moderate prices than limited crops az
famine prices. such as are being paid
today for the essentials of life. There
fore. one Of the first necessities OF
the day is big crops American farm
ers should do their share in promot-
ing the cOuntrys welfare by proNld-
ing "a liberal increase in acreage and
securing a large yield as far as pos
sible boy improved methods of culu-
walton. Possibly they would not OBJ
tain so large a profit per bushel as In
the last harvest. but they and the
country as a whole. would prosper
more under big crops and reasonable
prices during 1903. ReadJustment IS
quite as imperative I'm the agricultural
world as In the industrial
HARDWARE TRADE.
The hardware trade reports a little
lighter week on account OF the un-
propitious weather which has deferred