Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1909-02-13
WHAT MAKES NORTH DAKOTA
WEALTHY.

WHAT MAKES NORTH OANO'A
WEALTHY.
In a recent issue of the National
Banks leading financial publication,
Arthur E. Swanson of Barlow, this
state. has an interesting article, part OF
which follows:
North Dakota contains about forty
FIVE million acres of land, and with
less than one-fourth of this amount un-
der cultivation, the state has taken first
place in the United States in the yearly
production of wheat, with more than
eighty million bushels; first in flax,
with over fifteen million bushels, which
is more than 50 per cent of the entire
fax production in the United States.
On the average land has more than
trebled in value in the past twen-
ty years, and it is safe to state that the
increase in the next twenty years will
be nearly as great, on account OF the
great percentage of revenue it will pro-
duce to the money invested.
This is the reason for the great safety
in North Dakota investments. The
margin of security increases yearly and
on account of the great producing quail
tiles of this land, investments based
thereon are no taffected by financial de-
preston or stock panics.
Because of the healthy condition of
affairs in the investment field of North
Dakota is such as to appeal especially
to the investor of the best securities,
the borrowers are obtaining money with
which to buy more land and to make
their homes better. 49,. 49,. - :
The loans made are based on real
production and on the strong and able
management that is being carried on by
the people.
, 1t is not a speculative boom, not one
that is based on wind, but has the ele-
.rnents that point to long years of pros
perity. The fact that money is bor-
rowed is but an evidence of ambition
ION the part of farmers. and we look to
see the loans become the most popu-
lar of any investment.
e, North Dakota makes no pretense OF
being a state rich in minerals, but it
does have extensive beds of the finest
clay to be found anywhere for the man
ufacture of brick, pottery and cement,
and what is far more important in a
prairie country, practically inexhausti-
bic beds of Ignite of the very best
quality.
The entire western half of the state
is underlaid with these vast beds of
Ignite, or in other words, there are
tllirty-6ve thousand square miles of
land in North Dakota in which Ignite
occurs in quantities sufficient to be Of
economic importance.
These vast coal deposits and the uu-
limited water supply gives opportunity
to manufactures Of various kinds, on
account Of the low cost of operation.
Ignite is successfully used in most
of the Touring mills in the state, at two
mills in particular Of $50 and 500 bar
rels' capacity, tests having shown the
first cost of barrel of -four to be AZ
cents. This is all inducement honestly
held out alike to the capitalist seeking
investment in some manufacturing en-
terprise.
The total valuation of all property in
Nerth Dakota is more than billion
dollars. with an assessed valuation of
two hundred million dollars. North
Dakota schools have an endowment of
I land worth over fifty million dollars,
~, A striking ~ example OF North
Dakota's growth is to be found in its
banking institutions, and (which are
generally considered the best evidence.
In the year. 1880 this state had an even
dozen banks. and today it has six hun
dred banking institutions, with depos-
!, its aggregating; over Fifty millions Of
dollars. s%s ,$ .. IT,. a. i -, ~
Ave judge the future by the past, and
I this being true. Nerth Dakota is des-
tined to Be one Of the greatest agricul
staraI and wealti-prodncing states in
the Union. 5= & IL. 4. d
Valentines, valentine booklets ard
post cards Il Cowan's Drug store No.
4I4 Main St. 81
USE TRIBUNE WANT COLUMNS.
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