Omaha daily bee., 1922-01-27
Nebraska Gets Back
Its Nerve, Survey Shows


I ton OF Robert Lynn. A banker o
/ Magnet, IN the northeastern part O
the state. Although collections ar
still slow, credit Is easier and bust
ness hyening up IN anticipation o
spring. lie gives a great deal o
praise 10 the War Finance corpora
lion, which already has hfouah
almost N.000.000 20 the agriculture
industry OF the state.
Better prices Tor grain and stoel
have made business better IN III,
district said another legislator
Grant s. Mears OF Wayne. every
one has been eeonomizing Tor a year
end only a little more confidence il
needed Tor a complete recovery.
Wayne is a real estate and loar
agent,
Profit on Cattle.
g., NJ. Wallace, representative
from Harlan county, farther 20 the
west in the Republican river valley,
shipped a load OF eorn.ied cattle a
week ago and admits making a
profit -
when foreign countries once
start buying as they need, farmers
won't have enough TO supply them"
is his opinion. IF any farmer wants
TO stock up on cattle or pigs, he
will never lind a better time than
now. Another promising thing is
the increase OF dairying aud diyersi-
fled farming. One trouble in Ne.
braska has been the tendency OF
farmers 10 cover too much territory.
With better cooperation among the
farmers. good living can be made
from 100 acres. or a half section at
most; good deal OF hardship has
been caused by trying to buy or
operate too much land"
Asked about optimists in his
Mr.. Wallace present
ed the case of dairy farmer near
Orleans. He is German who moved
iron ST. Louis Is years ago and
rented a piece OF land that was con-
sidered rather poor. AT first he
raised chiefly wheat and corn. Then
six years ago he made trip to the
state agriculture college and OBJ
tanned the advice of specialist in
buying dairy herd. There were 40
Holstein cows and he went in debt
10 get them and milking machine.
But now he has paid for his farm
and has built up its fertility. And
asst year he put up $4,000 house.
He doesn't know there is any such
hing as financial stringency.
Independence More Possible.
"Such independence is growing
more possible through the fact that
farmers are getting back to first
principles. In the boom times there
we're many living on farms who
would not trouble to milk a COW and
Fought their butter in town." Mr..
Wallace said.
SIm one of them." another lcgis-
ator broke in. He is Fred L. Nutz-
nan, who has lived on a farm in
lass county for SO years.
TOO many of them never both
,red to put up their own meat"
Mr.. Wallace continued, inexorably.
I'm. one of them, too" mourned
Mr.. huffman. Farmers are blue but
hey are coming back faster than any
'ther class. The industry of agricul-
ure issnot 'broke'-that's just mag
nation. Why, our bank at Nehaw-
"a is actually advertising in the pa
'ers to lend money on cattle. Any
tate whose prosperity is based on
he land is on firm footing. | had |
his impressed upon me by an in
estigation in the legislature which |
bowed that if 50 young men were
iven $4,000 with which to start in
usiness, only four or five of them
would come to old age as financial
uccesses. We found that of so boys
.iven farm worth $4,000, As of
hem would end life with a good
ONE and more than they started
nth. There is more security on the
OIL
Loss in Cattle Feeding.
]. A. Axtell, who is in the legis-
lture from Jefferson county, broke
/ to say that there had been heavy
,sses in agriculture in the last two
ears, and for a longer time than
nat in cattle feeding.
II lost $1,000 on one bunch , or
orn-fed steers last year." he said.
But | expect to make back in the
ext few years what l have lost in
he past. Our banks are lending bet
II, and any man that is safe can
ct credit. But there is not nickel
,r speculation. There were months
hen loans were not to be had by
.rmers, no matter how good their
,curity. ! went to my banker and
lid, Suppose we all quit, how are
e going to pay back what we al
sady over Such arguments have
ad their effect and through bet
r financing farmers are able to
old their grain or feed it to live
:ock and are not pressed to sell
| they have 70 pay their notes"
On With the Party.
Though this special session Of
lie legislature has convened to low
taxes, there is no feeling that
ebraska is pauperized. This cut in
xes also spells better times. The
sople back home are said to feel
ore confident right now than they
ave been. The markets appear to
ave quit their drop and begun to I
Vance. Farmers as class arc
aking a little money--more than 1
the last two years. By March I
icy will be actively engaged in
-eparing the next crop, and then
e swift coursing blood of spring
i'll warm the whole business body. ,
hose in Omaha or the east who
TX otherwise are ill-adviscd. Ne ,
-aska is all dressed up, jingling a
tie money in its pocket, too. 1t is
1t going to funeral, either as a
,rpse or mourner. In fact, it is I
ady for a party--if the industrial i
i'd financial interests of the cities t
i'll be SO kind as to stop croaking
I'd issue invitations to the dance. {
[ovement to Limit Debate
in Senate Strikes Snag