The circle banner. [volume] (Circle, Mont.) 1914-1939, 1924-07-25

Reserve Their Newly Acquired Cap
ital for Possible Future Droughts
"Nontana has entered an era of
prosperity while states of the mid
die west are having the same in
dustriaI and financial difficulties
and are now going through a per-
iod from which this state is Just
recovering" states o. Nj. Corwin,
of Minneapolis, vice-president OF
the WeIlsLDicl1ey company, who
was a business visitor to Montana
cities recently.
1.-THE one and only thing that can
bring Montana to the position II
should have as an agricultural state
is the expansion of diversified farm
ing methods such as were being
taught and practised by a good many
farmers before the war broke out,
said Mr.. Corwin.
81 attribute much of the depres-
sion which Montana has gone through
in recent years to the war, because it
was then that the farmer thought
which the government urged him to
raise and he neglected proper meth
DDS of tilling his soil. The same is
true in North Dakota and that state
has been set back from five to ten
years because the farmers lost the
practice of Investigation.
During the war the farmer also
lived in the luxury which he had not
been able to provide for his family
before and he failed to set aside re-
serve for the drought years. There
is no section of the state of Montana
where a farmer cannot keep ahead
financially, if he will only forget
about working only four or five
months of the year, will raise corn
and have a few hogs and cattle and
will set aside portion of his wheat
profits in the good years for times
when his crops fail.
Look to Future.
"This is one of the years when
farmers of Montana will have good
crops and they are going to get a
higher price for their wheat than
they have in the last few years. He
should now think of the possibility
of a drought year in the future.
''The business depression in east
ern states now is natural result
of poor years inthe western states.
Fifty per cent of the American people
live in rural districts and it is this
of the people to whom the
industries of the country must mar
ket large part of their production.
When the rural classes are not able
TO buy manufactured goods then pro-
iuction must slow down.
Following the war when rural
population of the United States was
poor the manufacturer turned for q
while to the laboring man who was
still earning high wages. Probably
rs per cent of the cost of production
and the marketing of products is
paid out for labor. 1t was the lab
bring class that prevented break in
for a long time.
'tNow things have changed and
neither the farmer nor the laborer is
lble to buy the whole production
which has been continually flooding
he market. This has, in large way,
,aused the financial and industrial
depression in the east.
money is now tied up in the banks
If the far eastern states. The banks
lave large amounts of money which
hey are holding. The industries,
lnder these circumstances are forced
o rest until the money starts cir
ulating again. This condition seems
o occur every year there is presi-
lential election. 1t will all clear up
n a few months. I look for imme-
late business reaction for the bet
er after the November elections.
Faith In Montana.
i'I have more faith in Montana now
han I ever had before in my life /
lave never seen crops looking better
han they are today. With sufficient
ain in the next few weeks there
mould be banner crop in all kinds
If grain. The corn is also looking
inc, and the recent warm weather
las made it look like big crop. If
he acreage in wheat were the same
his year as it was a few years ago,
dontana would this year be the ban
Ter state of the nation in wheat.
81 look for a higher market both