The Keota news., 1916-02-11
WONDERFUL PROGRESS
IN CANADA
Il Is Over the HiII-SpIendid
Bank cIearings, and the Crop
Returns Reveal Vast Posi-
bilities for the Future.

bilities for the Future.
There are opportunities for invest
ment In Canada now that may prove
attractive to American capital. Land
prices In the west are low and wages
less than OH this side of the line. and
whatever the outcome of the war. the
future of the Dominion IL assured ~
one of prosperity In the development
Of its vast resources" Chicago Tribune.
A short time ago the Canadian gov
ernment asked for private subscrip'
tions to q loan OF fifty million dollars.
Less than month was given for COM
pletion Of the subscription. On No
vember 3Oth. the day upon which sub
scriptions were to cease. 1t was found
that llO million Of dollars had been
subscribed or so million dollars more
than the amount asked. II there were
any % pessimistic ~ to imagine that
Canada was passing through period
of hard times the wonderful showing
Of this subscription should put aside
all doubts Of Canada's rapidly increas-
ing prosperity.
The bank clearings of Winnipeg for
1915 were billion and half Of dol
lars. Think Of 1t. Then. In addition.
there were the bank clearings Of the
other cities throughout Western Can.
ada. Regina, saskatoon and Moose
Jaw also show big increase In clear.
ings. The Winnipeg statistics show
that the city has done the biggest
financial, commercial and industrial
business in its history in 1916. A
billion and half are big clearings.
representing business on . per cap
ita basis Of over $1,000 per head for
every man. woman and child in the
city. and has gone ahead Of big man.
ufacturing cities like Buffalo. and
runs . close second to Detroit. It
has shown bigger bank clearings than
the middle west cities of Minneapolis
and Duluth. and has exceeded Los
Angeles. Seattle and other noted ship
ping centers. It Is now side by side
with the ten biggest cities in North
America in amount Of bank clearings.
But because the war helped Canada
recover quickly from q natural eco
nomic depression 1t does not follow
that, at the end Of the war, the coun.
try must suffer relapse. and straight.
way return to q state Of inactivity and
hard times.
A Winnipeg paper, with q we'll
known reputation for conservatism h
economic matters says:
Canada's undeveloped fields should
prove mighty factor after the war In
adjusting the country's business from
one period to another. The staggering
figures of this years crop. showing in.
creases In production of so DER cent
over last year. give slight. idea Of the
future wealth stored in vast stretches
OF prairie plain yet untouched by the
plow. The Northwest Grain Dealers As.
socistion on September estimated
that the wheat crop Of the three Prairie
Provinces would amount to 25O. 800. 600
bushels. On November 10 that esti.
mate was increased to a07 .230. 900
bushels. The Dominion government
on September 1s estimated the West.
ern wheat crop at 275, 200 bushels.
but on October Is those figures were
changed to 304,200.000 bushels.
monetary Rsturns for the Western
Crop.
And the amount Of money which the
west Is receiving for its grain has not
yet been wholly appreciated. Up to
the 10th of Decamhor Tho f,o,.a...