The Lamar register. [volume] (Lamar, Colo.) 1889-1952, 1911-06-14
EAST'S FAITH RESTORED IN
VESTS FARM LANDS
FfnAnciers Say Fear Of Slump in
Values of Rocky Mountain
Regim IL Absurd

be regaining not only their imam
cial but, what is still more interest
ing, also their intellectual equihb-
rum. This is made manifest. in
part. by restoration of confidence
In the stability of farm values in
the states of the plains and the
mountains.
About two weeks ago. a Phila-
delphia paper published an inter
view with a prominent fipancier in
which he was quoted as saying that
fears OF slump" in Western
farm values could no longer be
considered justified. and that the
trend was once more toward higher
levels.
Other parties OF high standing
in finance and industry are said to
have uttered similar words indica-
tive of a return to the former high
faith in agricultural conditions In
the far West. Particularly interest
ing were the recent remarks of
Robert Lovett, James J. Hill
and George J. Gould In reference
to the promising outlook in the
territories served by their extensive
SYSTEMS.
Why Eastren leaders and critics
of finance should, have been In
a state OF apprehension relative to
the legitimacy Of farm values in the
West is quite inconoeivable. At no
time In the last two years was there
any reliable Indication of the possi-
bility Of q disastrous depreciation.
nor 10 there any at the present day.
The prices of both improved and
unimprvoed land were strictly In
accord with producing capacity and
annual net yield on the capital
invested. In Colorado. net profits
of from 10 to 10 per cent have been
and year out. not alone from the
irrigated, but also from the dry
multitudinously reported. year in
farming regions. II the lucrative
ness OF farming in Colorado. under
normal climatic conditions. had not
been conNncingly demonstrated.
land prices would never have reach
ed their present high levels.
There was and Is nothing extrav-
agant about values quoted for our
well-improved farming and orchard
land. When one considers the
tnuly splendid results that have OBJ
tained for years IN our leading ag-
ricultural counties. as concretely
evidenced by the astonishing growth
in their various ceDters of trade
and finance. prevailing values ap-
pear thoroughly reasonable. IL not
below their proper levels in numer-
Gus localities.
Right glad / am that the carp
ing financial censors of the East
have been utterly eonfounded in
their pessimistic opinions on agri-
cultural conditions In the West
even though / never had the least
doubt in my mind as to the fallac-
iousness of their augmentation
NtltueT lnt
commercial affairs. nor the sub
stantiaI and essentially forced de-
cline In the market quotations OF
wheat. corn and oats last fall and
winter could unfavorably effect the
economic position of the skilled
industrious farmers and orchardists
of Colorado. nor of Wyoming and
Utah either. for that matter.
There has been no serious slack
ening In the work of development
Not even the admittedly unpropf-
ious weather conditions Of 1910
could impede the forces of pro
gress for any length of time. There
have, beyond doubt. been many
cases of disappointment. due prin-
cipauy. to lack of sufficient capital
OF practical knowledge. but the
great majority OF soil tllers have
kept the faith and may safely be
expected to be generously reward
ed for 1t in the coming years.