The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-04-26
CAPITALS GREAT oPPoRTUNTTY

En- THE HERALD office this morning a. Of the well known live
stock growers q the state was talking Of the vast financial com
> binaions that have hr~n and re being formed to promote and
sustain foreign trade
II understand the necessity for promoting foreign irade." he
said. aud am IN sympathy with every eao.t Of the kind. Rut l
wonder, sometimes IL orr great fnaneiers are not planning to en-
bark on journeys to rainbow ends when pots Of gold are waiting be-
meath their feet.
"a trip through the west, such as / have recently made, will con
vince anyone that the most pressing need Of the country is the re-
stocking Of the ranges with cattle and sheep. This must be done and
done Immediately Il the United States is TO continue . be = self sup
porting nGtion. There is feed Of an kinds in abundance and the
only thing lacking is the livestock TO utilize the splendid grazing re
The essential element that is lacking is mouey-credit-baekins
it beeanse Of the lean years he has passed through and the burden Of
credit he already bears wonder, sometimes, what our great hnan-
the meat and grain producers and joyfuly finance hundred million
dusfry is facing disaster and possible determination for lack of 6nan.
eil assistance: I often wonder what they see at the rambow's ends
investment the livestock industry now presents
What this livestock grower sees in the attitude of large financial
interests toward the industrial and trade situation western bankers
also see and understand. Unfortunately they are unable to do much
power must soon come 10 the rescue il we n 10 avert trouble, not
alone for the livestock growing industry in the west, but for the ma
Western siockgrowers have been hit hard during the past two
years bus they are by no means DISCOURAGED They fully realize their
sheep and that they are in a position 10 grow the stock economically
Of favorable natural conditions and as a consequence the nation is
facing a serioas meat shortage in the not far distant future.
lowed b winter Of unprecedented length and severity 50 that the
= wen as greatly, depleted funds and credits owing to severe losses
and excessive feed bills. l. was a period Of depression and discour.
NDfNrNt UuI thEFON are NOi If hld nf men % gNf un pdsNN.I
andihey took their heavy losses bravely and phlosophicany.
The worst was yet to come. however, and when prices began fall
ing IN the summer of 1920, when values were cut in two and the de-
Inand for live stock Nas reduced 10 the vanishing point IL looked a.
N the live stock business IN the west was doomed. Enforced lquida-
fiou seemed 10 be absolutely necessary aud yet liquidation meant dis
astrr. There WINS o other course and the west was forced Ia unload
IFS cattle and sheep on a glutted and dnnoralLzed market.
unforpuatc az the situation was for the stockgrOwers the dam
age 70 the resi- Of the country was equally as great. The buying
soon felt the loss and realized that the disaster to the west was only
the beginning of a period Of staenation and depression that was ma
iionwide ia Is Influence.
The damage began in the west and the readjustment and recov-
cry must begin In the west Until the st0ckgrowers get ON their feet
again. until the immense buying power of the stock farmers has been
restored there can be little hope for prosperity in the nation.
Here Is where the duty and the opportunity Of the capitalist and
banker rs clearly apparent. The stock grower must be extended
timely and ample credit to retock his denudcd ranges and rebuild
that must be moved 10 the shambes n TO the maturing grounds of
the northwest
Given ihe opportunity to relieve the congestion in the southwest
and 10 once more stock up the magnificent grazing areas of the north
west, the future Of the stockgrowers Is assured, the food supply of
the nation IS conserved and the prosperity Of the country made Ger
tain
IL is not a matter Of sentiment. although the stockgrowers Of the
west are entitled to the sympathy and support Of all ON account Of
their game and uneompaining fight against a long series Of disasters
IL : a matter Of cold, hard business The stock grower must be
saved If the industry is TO be preserved and the meat supply of the
nation guarded.
The banker, the capitalist must surely see his duty, his golden
opportunity, N the rehabilitation Of the st0ekRrower. The man who
produces the eountrys indispensable food supply must be aided By
liberal credits. lie must be relieved from his present almost help
less condition. lie must be afforded the opportunity 10 rebuild his
fortunes and he must be placed once more in a position of independ-
enee and productivity II the whole country is ever TO enjoy real pros.
perity again.