Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1913-02-07
delivered by Gov. L. B. Hanna. which

Bismarck bank, was another whose
address was greatly enjoyed by those
assembled for the occasion, and his
remarks were largely reminiscent in
their nature. He told many intensely
interesting experiences of his earlier
days in the banking business.
Other speakers were Mr.. McFad.
den, secretary of the North Dakota
Banking association; MIR. Higgins OF
the National City bank of New York;
Samuel Carter of Wahpet0n, and 9th
ers.
~, The Menu.
The banquet consisted OF a six
course dinner, and the menu in
| cluded: 49,
Cream of Tomato Soup.
Celery gfOliycs Sweet Breads
Pilletfof Sole Sauce. +:
Larded Tenderloin
Potatoes Au Gratin Asparagus Tips
Hot Rolls.
Combination Salad
Individual Mold Ice Cream.
Assorted Cakes.
Cheese Waters
9i15 Cigars.
One or the most interesting and in.
structive features" of the program for
Thursday afternoon was the address
OF Harry w 2Fice, manager Of the
| Creamery Package Manufacturing
company of Minneapolis.
MI. Rice selected for his subject,
increasing the Purchasing. Power OF
the lndividual,;" and the address was,
in substance, as follows:
There are ftWO systems OF building
business, theDone that is commonly
practiced is the, competitive system.
| This may Temporarily increase your
business, but it does not increase the
! volume OF business in the territory.
"Thc other system, which builds a
permanent and successful business.
proceeds on the theory of making two
blades Of grass grow in place Of one.
1t goes back to the producer and puts
him in a position to increase produc'
ton through the use Of improved ia
cilitics and the practice of .nore in.
telligent methods. 1t Increases the
producers purchasing power and
builds up the underlying industry.
"Thc business Of your community
will be permanently increased only
as you, build the purchasing power OF
the underlying producer. Take the
experience Of Todd county, Mime
sofa, in the dairy business IS a con
crete example of this system Of
building business. The first creamery
was established in Todd county II
years ago. There are now IL plants.
During the first II years the creaner-
les paid the patrons $4,000, 600 in2cash
for butter fat.
"In 1912, owing to great increases
in the business, the patrons received
$1,000, 900. This does not include the
value of the skim milk, for feeding
purposes, which is worth $25O,000,
nor does it take into consideration the
natural increase in young stock, nor
the fertility returned to the soil.
1.-THE significant fact about the in
dustry in Todd county, which is still
in its infancy, is that the creameries
are all comparatively owned and man
aged by the farmers who %patronize
them. The creamery industry has
worked a complete Transformation in
Todd county, changing farming from
a one-crop system to a permanent
form Of diversified agriculture. Land
values have doubled and trebled;
bank deposits have quadrupled; the
condition of the farmer has been
changed from=that of a drudge to a
business man who treats farming as
a manufacturing proposition and mar.
kets his product on q scientific basis.
'tNorth Dakota cannot continue the
raising Of wheat indefinitely. There
Is a limit to the fertility of the soil.
Unless the farmers and business men
realize the importance of building up
the purchasing power of the producer
it will only he a short time before
grain farming will be found unprofit-
able from the standpoint Of the re-
turns on the capital invested. The
business Of all Of us is dependent,
directly or indirectly, on the prosper.
ity Of the producer, ]. e., the farmer.
North Dakota has u creameries
which were operated this past year.
These creameries manufacture q.
100000 pounds Of creamery butter val
.ued at $2;OOO,O 900. Thirty of these
creameries are3ocated in the 10 coun.
ties west OF the Missouri river. Mine.