New-York tribune., 1918-06-05
Stock and Bond Averages
Stocks

to overcome the natural handicaps Of
weather conditions, scarcity Of labor.
material, etc, and Will be able to
make the enterprise ultimately profit
able. The determining factor, how
ever, in our final decision to go into
this proposition was the desire to
lend our aid and cooperation to
Secretary Lane in this war measure of
increasing the supply of wheat by cul-
tivating on substantial scale lands
whicl might otherwise not be used"
Plan Created at Capital
A man closely identified with the
company has said that enormous
profits are expected with wheat at
present prices. In estimating the
earnings of the corporation, calcula
tions were, it is said. based on the
assumption that wheat would average
81 bushel for the next ten years, at
which average price good returns were
anticipated
The plan had its inception in Wash
lngton some months ago, when Mr..
Campbell, the president of the cor
tary of the Interior Lane on other
business. At that time the Secretary
suggested that Mr.. Campbell, who is
an expert wheat farmer, grow wheat
on the reservations as war measure.
Mr.. Campbell was willing and init
mated that he would undertake to
farm 10000 or 10000 acres, but Sec
rotary Lane urged that the work be
undertaken on a much larger scale.
Accordingly, on April 6 last, the first
anniversary of our entrance into the
war, contract was signed granting to
Mr.. Campbell the use of the lands in
question for a term of years. The
consideration, it is stated, was that
certain percentage of the profits ac-
cruing from the development should
so to the Indians during the first five
years, and a larger percentage in the
succeeding lustrum. 1t was neces-
sary, however, to enlist large capital
for this work, which will, it is esti-
mated, cost at least S25 an acre for
the first units of 5000 acres eaca
cultivated. Accordingly Mr. Campbell
laid the proposition before the New
York bankers, who accepted it en-
thusiasticaly
The project will De conducted like
gigantic manufacturing enterprise,
and use will be made OF every possible
labor saving device. All the heavy
work will be done by tractors. 1t is
possible to secure an idea of the
scope of the development when it is
'eeN'SN liltit VIE lidClOT pIOuRnS VIII
make but two series of burrows in
day. Starting in the morning, a
tractor will go steadily ahead for four
or five hours, when Jae crew will stop
for lunch. Then they will plough
back in Il straight line to their start
ing point during the afternoon. And
tins and other operations on similar
sea e Will be proceeding simultane-
ously on number of units.
Indian Labor May Be Used
Plans call for the planting of
from 10000 to 10000 acres to winter
wheat the coming fall, and perhaps at
much more in the spring Thereafter
the land will be cultivated as fast
as limitations Of labor supply and
equipment will permit. Indian labor
will be utilized if possible
Under tho terms of the contract,
any one who wishes to do so may
take up quarter section of land,
and, it is UNDERSTOOD such settlers will
receive financial and other assistance
from the company when required.
One result of the project probably
Will be that the Indians on the reser-
vations concerned will grow rich out
of their share of the profits.