, 1923-09-19
ANKERSOPTMSTGMS State Conventional
DOUGLAS; RVERT0N CHOSEN FOR NEXT MEETING

average over sixty-five per cent.
while the feed account is as much
or more than ever before. Winters
are no longer. SHOWS no deeper than
they have been, but II n intends
TO keep cattle throughout the win
ter. 1t requires more feed than here
tofore and that fced costs more to
produce. harvest and feed thai 1t
formerly did.
Many OF our stoclxmen have
learned for the first time how many
cattle they really have. Most OF
them find their numbers short and
their available assets correspond.
ingly decreased. Some competent
and practical men see only liquida-
ton as a solution to the cow bust
ness. This view is too pessimistic.
The cattle business must continue
our range must be occupied. The
old time methods OF handling stock
were hazardous. These must be
eliminated. Both feed and shelter
must be provided. Under such i'm
proved conditions the cowman will
be back in line and he will be
prosperous.
The Farmer.
THE farmer has gathered from
his fields the fruits of his labors and
from the viewpoint OF yield the re-
turns are satisfactory. I said The
Farmer Too many of those who
till the soil fan TO till the crop, even
after preparing a good seed bed. OF
course there can be but one out
come-failure.
THE dairy. poultry and hog bust
ness has developed during these dis
tressing times and 1t is no idle fancy
to say that the cow and the hen
have kept communities financed and
furnished the wherewith for people
to live upon INC provided ready
money to the banks.
Someone said. when we men
toned what he must do Il become
more prosperous. Yes. but we old
timers can't get down to the little
things-we Just cannot do It. That
Is ono OF the difficulties that the
agriculturist must overcome. It's
the+;lItle thiDSc that cdJa- Ard,.the
producer who observes them will be
the successful farmer and stockman.
Many OF the farmers have i'm.
mense crops but have no stosx 10
feed. Our corn ought not to perish.
neither should the farmer be forced
TO sell tho product. Rather he
should feed It and market on the
hoof. But. how can he feed unless
he is financed. Some agency or
some bank must furnish him cattle.
sheep or hogs. This can be done
with safety where shelter. corn and
rough feed are available.
Banks.
The banks of the state have with
stood the depressing effects result
ing from stock losses and low prices
in agricultural products remarkably
well. 1t has been n child's play to
manage a banking business In Wyo.
ming during the past two years.
Losses in live stock-low prices at
market-high cost of production and
overhead expense have depleted the
assets Of the producer. These have
made II difficult for the banks to
maintain their paper in ouch condi-
ton as to represent safe margins
and to keep an adequate reserve to
meet the demands of depositors.
Some banks have been unable to
Withstand the losses and have gone
into liquidation. But. let me here
emphasize, that so far as we arc
informed. not a single bank in the
state which has conducted its bust.
ness in line with the letter of the
law governing its administration
has failed.
Laws + enacted for the guild
ance OF those charged with bank
management. They are framed
along safe and conservative lines
and the acceptance OF their provi-
sions coupled with prudent bank
management, prove a bulWark which