Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-07-22
WEALTH Is N LAND
NEW YORK FINANclER VISITS
IOWA AND DISCUSSES MAKERS
OF VALUES.
CONGRESSMAN NEED REST,
LAWS SHOULD BE LET ALONE
Agrees With Jim Hill That Tariff Tink-
erers Should Take a Three Year Va
cation-Farming Seen as the Real In
dustry in Iowa-Land Makes All Ma.
TONS Wealth. ,.si,
to Times-Republican.

=
Special to mes-Republican.
Sioux City, July PHI. c. Davis and
his son, H. C. Davis, Jr., of New York
City, are in the city today visiting Will
liam Gordon.
Mr.. Davis is member of the firm
Of A. A. Houseman & Co., of 20 Broad
street, New York The firm is an in
ternational banking he having large
connections in Europets.. countries and
is one of the best known financial in
stitutions in the United States. 81 am
not financially interested in Sioux
City," said Mr.. Davis today. "but I
am interested in my friends here" and
he looked toward Mr.. Gordon and
smiled.
81 have just come from st. Paul,
where I ann native, having lived in
New York only about fifteen years.
This country is simply astounding" he
said 1--WE can talk about the develop
ment of infant industries and what
they favo done for the eastern country
and ever. here in Iowa, but there is
another industry that has done more
for the country than all of the fac
tories and that is the real estate in
dustry.
"The tariff? The less said about that
the better James j. Hill struck the
mark in his interview the other day
when he advised congress to adjourn
and go home and stay there for three
years. But at any rate those fellows
down there at Washington can't frame
up a game that will knock out the
American people 1t may not be a bad
thing for us to get up against rough
proposition occasionally as it only
demonstrates our ability to Withstand
them and develops our real strength.
Sees Nothing in Tariff.
Taking the tariff off raw materials
amounts to practically nothing. 1t is
safe to assume that the steel trust
has line of ore in foreign countries
extending as far east as China and as
for lumber the lumber barons, as they
are called, in this country, own more
Canadian timber land than they do in
this country and free lumber would
not reduce the cost to the consumer
one penny.
1.-THE one great raw material Of the
world, however, is wheat and this
should be admitted free of duty. Up
in Minneapolis / suppose this idea
would not be popular, but it would be
a good thing for the miller as we'll as
the farmer as the Introduction of tina,
hard Canadian grain, properly mixed
with ours would improve the grade OF
flour.
What White Bread Does.
"Every bushel of wheat is manufac-
tured into human energy and the wheat
consuming country is the country that
leads the world. 1t is the white bread
that produces the muscle and energy
and feeds the brain with the advanced
ideas. The eaters of black bread dc
not lead-they follow. The consump-
ton of wheat in this country is seven
and one-half bushels per capita. Twen-
ty years ago it was less than five. There
is an increase of over so per cent and
see what advancement has been made
in this country in that time.
"But real estate is the means anG
the real estate man is the agent for the
development of this country. Every
time leave the east and come west
this fact is more forcibly impressed
upon me. How is this enormous croT
to be harvested and where is the labor
coming from? j am informed that farm
labor is already scarce, but this is just
another of these obstacles which the
American people are always ready t.
overcome and which they do overcome
Land Does II All.
Speaking of real estate, look what
it has done for this great western
country. When these transcontinenta
roads were built thru the west gov
eminent land grants of land to the
railroads were sold off to settlers at 5:
and SO an acre. This has not been Sc
very long ago and here we have some
of this same land right here in lowe
selling for 500 an acre. South Dakota
lands could be bought five and ter
years ago for 81 or IS an acre and nov
they are worth $40 and $25 and cheap
at that. Real estate development i:
the real development of the countr.
and you of the west are the ones wht
are doing the developing"