The Washington herald., 1919-08-29
HIGH PRICES NO
BAR TO SAVING
NeNs York Bank Deposits
Boostedby Millions De-
spite Agitation.

Bank deposits have increased by
millions In New York, according to
report of the State bank exam
liner.
The increase clearly proves that
notwithstanding the high cost of liv-
ing and the appeal made by working
men for increase OF wages. many peo-
pie have been able to earn and to
save in single year an amount
which almost matches the best bank
record.
Then again these savings reflect the
magnitude to which labor was en-
pioyed, A good part of the savings
are the surplus of wage earners, but
savings bank officers say that they
received fair amount of the de
posits from clerks and others whose
salaries are small. Therefore IL Is
evident from this report that the
thrift habit is now firmly established.
although that was demonstrated at
the time of the popular subscrip-
uons to the Liberty loans. Three and
a half million persons are now de
positors OF the New York savings
banks.
From several OF the large wheat
belts reports have come to New York
telling Of the substantial completion
of wheat threshing. Within a few
weeks, therefore, 1t should be pos
sible for the statisticians at Wash
ington to publish figures which will
show substantially what the wheat
harvest OF 1913 amounts to, meas
ured by bushels. There appears to
be hope that the figures will put the
number OF bushels at billion at
least
Meanwhile considerable interest &
revealed in the reports which have
come from some of the largest of
the individually owned wheat fields
OF the United States. Already ref
erences have been made to one farm
whose acreage is go 600 every foot
OF It devoted TO the cultivation of
wheat and located in certain reserva-
tions in Montana and Wyoming.
Should the yield OF this farm ave
rage fifteen bushels an acre, then the
farm will harvest approximately three
million bushels. II the government
guaranteed price of s22s a bushel is
received then the gross return for
this harvest will be a little under
81, 900, 900. Farmers all over the coun-
try who have already demonstrated
that they are excellent business men
as well as agriCulturists are watch
ing with keen interest the reports
which will come from this farm. II
could not be worked properly II ami
NAL power was used. Reliance has
been placed upon tractors, OF which
there are fifty. These tractors made
it possible in one day to turn l,So-
acres OF soil and make it ready for
seed wheat.
II is very great undertaking, the
greatest of its kind in the world. No
individual would be justified IN ven
turing upon the cultivation OF a 30,
6DO-acre farm. In no other way than
by Cooperate management behind
which stands sufficient capital, in this
case 81. 900. 90, would make the success
full cultivation of so great a farm
possible. 1t has been managed upon
the same principle as some of the
large corporations are managed. II
by and reports should come that the
corporation did succeed in harvesting
5000. 900 bushels Of wheat and received
approximately 5000 600 for It. this un-
doubtedly will furnish stimulous Tor
other large wheat farm undertakings,
for there must be a handsome net
profit. in the harvesting and market
ing of the wheat produced upon this
farm. HOLLAND.