The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1911-12-07
In 1909. 100000 bushels, !
worth SS,S37,00O. !

In 1909. 100000 bushels,
worth sS,S37,000.
Waterpowers.
The waterpOwers in South Dako-
ta. are numerous and the opportuni-
ties are great for installation of
power-producing plants for the light
ing OF towns and for other concerns,
and are even now attracting unto
themselves the deserved attention OF
men and capital that will later uti-
lie them to the greatest advantage.
The waterpower opportunities
along the Missouri, Big Sioux, Chey-
enne. Vermillion, and other rivers,
and especially in the Black Hills
where the streams have a very rapid
decent, are SO many, both large and
small, and in comparison with the po-
tential possibilities so entirely un-
utilized, that the aggregate is indeed
remarkable and the full significance
of this condition is being impressed
! pom not only the citizenship of the
state but upon the eastern engineers
and !aymen as we'll.
Irrigation.
= LII 0CSftAh Oul pO0NOtI NdiNI
Eas been used for irrigation purpos-
necessity for irrigation is not us great
as in some CT the state farther west,
there are numerous irrigated farms
ard ranches along the base Of the
Rlack Hills. Also various private IT.
rigation works on the Missouri, Bad
and Cheyenne Rivers are under con-
struction or nearing completion and
slill others are projected. Those that
were operative during the past sea-
son vindicated themselves by i'm
mense crop Yields and many cue
.essful agriculturists / fortifyiDg
themselves against an occasional un-
favorable season by irrigation ditch
'es.
The Federal Government is COM
lrleting a mammoth irrigation project
near the city of Belle Fourche in the
County of Butte embracing a total
iirrigable area of, and destined to fur
irish water to, II hundred thousand
acres OF land. This work has given
ia very decided impetus to irrigation
enterprises in the state.
-. Public Lands. /. 5000.
Our state owns at this time p
A3 7,74S acres of common school
lands, given it by the Federal Gov
Iernment. The statute provides that
none of these lands can be sold for
less than $1,000 per acre and at the
present time a major portion is worth
from forty to sixty dollars per acre.
In fact, the average price received per
acre for all school lands sold in South
no I h ~ n a y, III, /, ~ $ho ,,ocR rcorl- r,,o
I$52.0S. the lands, Of course, be-
ing unbroken and unimproved. The
unsold lands are leased Tor grazing
or hay purposes.
Further, the state has loaned out
at interest $9,027,016.00, common
school, endowment and public build
ing funds, and the interest on this
amount together with the rental from
the common school lands assists very
materially in keeping down taxes, and
when all these lands are sold the
revenue from the fund, which will
then amount to at least $125,O0O,-I
00O,0 90, will care for u public
schools.
'sIn addition to the common
schoo, lands, the state yet owns 614,-'
407 acres of land, the proceeds from
which are devoted by the state to the
maintenance, up-keep and improve
ment Of it's public buildings and edu-
cational, penal and charitable insti-
tutiors. With these lands rapidly
available and nearly all
now producing some revenue, taxes
in South Dakota must continue low.
Securities.
In dealing with the subject OF the
of our State, I find it nee
essary to overcome something OF
prejudice that apparently exists i'll
tile minds Of many eastern people in
to western securities in gen
eral.
There is no doubt that q lack OF
thorough understanding as to the
unmistakable possibilities of invest
i'll our section of the West is
largely responsible for this incor-
rect estimated, which has taken root
in some portions Of the East, and |
I'm confident that a careful anaiy-
sis or the subject will demonstrate
and maintain our position, which is
that no better securities can be
found i'll any section than those in
the new West, which is undergoing
such rapid and extensive develop
at this time. Only ~ thing
is necessary and that is a correct
and adequate conception OF the real
values of the securities we offer, for
with this realization is the accom-
panying knowledge nf their abso-
lutte safety and u%nequalled stability.
This condition OF supremacy,
which we assert for ourselves, is ac-
tomplished by the unusual apprecia-
ton Of prices in our section, which is
much greater and more marked than
in any of the older settled portions
VI the country. Let US take for eN-
ample, school, village, city, township
Or county bonds. All are based, OF
course, upon a certain per centum
tho real value of the organization
the bond and the continued
md rapid appreciation of property
the organization is constant
reducing the debt to a smaller ana
yet smaller per .centum of the ac-
tual value of the property behind
The Indebtedness; hence the deduc-