Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-03-29
MINING DROPS
IN IMPORTANCE
IN COLORADO
Continued From Page one.)

moral and Of actual improvement in con-
ditions here. The recovery has come
since the first Of the year, and p~articu-
larry since the first OF February. Bank-
ers, merchants, ranchers, farmers. all say
they are 80 per cent better or now than
they were ten weeks ago. But they are
not iubilant as the farmers are in
Iowa nor as confident of che immediate
future as the cattle men in Kansas and
Texas They still owe q lot OF money.
Breeding herds or the ranges and on
the ranches. and this means both cattle
and sheep, are % per cent below normal
The cattle men make il plain that they
will need continued funds from the Cattle
Loan Company from the War Finance
Corporation or from the banks 70 re-
stock their herds. It may turn out to be
n problem where TO find the cattle. All
through the cattle country that one has
visited On this trip the same story is told
OF depleted herds on the ranges. The
stock raisers had 10 sell their calves last
year to pay their debts. Il was a period
Of forced liquidation that broke into their
capital. It depresses them to this day to
talk about it..
LAMBS AND
LAMB CHOPS.
One sheep raiser said:
Last year I had to sell a bunch
OF lambs for ~ cents a piece, when
the bank called on me to pay what I
owed I had TO sell pretty nearly
every one I had. Then I started 0u:
to borrow some more money. / tried
my own State and then I went east
to see what luck I would have in
New York. The first meal l had in
New York I paid 90 cents for a lamb
chop. This just about knocked me
out. 1 could not pretend TO under
stand a condition that has me selling
n lamb for % cents, while you folks
back IN the East were paying %
cents for a chop"
Cattle men have similar tales TO tell. It
has come to be a stock saying out in this
country that during the hard times last
year there was no man IN the State
strong enough to carry on his back
enough hides TO pay for e pair OF shoes
at the then prevailing prices. Since that
time hides have gone up a little and
shoes have come down a little.
The cattlemen in Colorado, as in other
States, are harder hit than the farmers,
and It Will take them longer to recover.
Had their affairs been taken hold Of with
a stronger hand last winter they would
be two months further advanced in their
recovery than they are now. Z least,
they make this contention and adduce 8
great wealth Of facts and figures TO sur
port ft. They are all agreed that they
needed help badly; that they should
have had it sooner. and viii continue to
need It for a year or mOre-that IS, fnan-
clal helP-extended loans.
FINANCE CORPORATION
ARRESTS SLUMP
The downward program was arrested,
they all testify, when the War Finance
Corporation began sending money into
the State. More than s6.OOO.OOO has been
advanced to the farmers and cattle-rais-
ers in the State by the corporation, and
demands still are coming in. A new
livestock finance corporation was organ
lied in Denver to handle part Of this
money. A move is now under way TO
increase the capitalization OF this cattle
loan company and extend its usefulness
by relieving the strain on the smaller
banks In the State.
The farmers Of the State have been
helped by the circumstance that they
diversified their crops. When they could
not make money on corn or wheat or the
other grain staples they have been abIs
to keep things going with sugar beets,
melons, potatoes. lettuce, fruit and such
truck-farm products.
The State has recovered from the great
depression it felt six months ago. but it
does not count itself over its roubles
vet, though there are some who declare
they are better Of than their ~neighbors
to the West and Southwest. That re-
mains 10 be seen just now. The single
interest OF the State is In procuring a
continuance Of aid in the shape Of Dor
rowed money adm a maintenance OF the
present level OF prices. There is a great
diversity OF opinion as to how long it
viii be before times are again as pros
Porous as they were in 1914. Some say
three years and some longer. In fine,
Colorado is a patient on the road to re-
coyery, who does not feel strong enough
yet to discharge the doctor or the nurse