The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1924-09-03
WESTERN N. D.
SOON WILL BE
FL0URISHlNG
War Finance Representative
Says 1t Will Be Able To
Finance Itself
POINTS TO PROGRESS
Remarkable "COme Back" of
District on This Years
Crop Is Told
POINTS TO PROGRESS

"The western third of North Da-
kota will have enough money to
finance itself, except for farm loans
after the present crop is marketed,
if present prices are maintained" F.
G. Orr, field representative of the
War Finance Corporation and pioneer
Missouri Slope banker and business
man, declared here today.
Remarkable improvement in bank
ing conditions is expected by Mr.. Orr
when the present good crop is har-
vested. Three-fourths of the banks
will pay off all borrowed money, in
cluding War Finance Corporation
loans, and the surplus over reserve
requirements will be sufficient to
cover the balances which will have
to be carried over by about one
fourth Of the banks, Mr.. Orr added.
$50 this portion of the state will
stand on its own,' financially, for
the first time in nine years." the
War Finance representative added.
"This remarkable come back from
one crop is possible because of the
fact that farmers loans average small
in size in this district, and this years
crop averages very good and prices
are fair" said Mr.. Orr. "In fact,
there will be many instances this sea-
son when the proceeds of the one crop
will be sufficient to pay for the land
it is raised on, at present farm land
values.
Organize Operations
"Another big factor is that most
farmers in the territory mentioned
have organized their farming opera
tions so that they are able to pay
the expenses of operation even on
poor crops and in poor price years,
such as have been experienced" Mr..
Orr continued. This has been done
by milking a few cows, raising few
hogs and good flocks of chickens and
turkeys, and making their first bus
| mess to raise feed for this stock. In
addition, as much grain has been
planted as the power and help on the
farm would permit. Employment of
help has been discontinued and the
farming operations reduced to point
where the family does most of the
work. The result is that the farmer
goes ahead by leaps and bounds,
financially, on a good crop and fair
price like the present, and is able
to make a wonderful showing in the
reduction of debts"
Increased acreage in corn in the
area constitutes one of the chief
changes, according to Mr.. Orr. He
quoted the manager of the Farmers
Elevator at Raleigh as stating that
recently his elevator had shipped five
cars of 1923 corn, which had netted
the farmers over one dollar per
bushel, and the corn had yielded over
40 bushels an acre.
Land Movement
There will be healthy land move
ment in the western one-third of the
state, Mr.. Orr believes. Purchase
will be confined largely to local
farmers who have proved the value
of the land by actual experience. Mr.
Orr quoted r. E. Trousdale of Mott
as stating that last Saturday four
different farmers were in to make
preliminary arrangements for the
purchase of quarter-sections adjPin-
ing their present farms and that
three of the four said they would
have the money to pay cash in full
for the land as soon as their crop
could be marketed.