The Wolf Point herald., 1924-07-24

montana 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 per-
iod from which this state is just
recoyering," states o. NJ. Corwin,
of Minneapolis, vice-president of
the WeElskDickey company, who
was a business visitor to Montana
cities recently.
"The one and only thing that can
bring Montana to the position 1t
should have as an agricultural state
is the expansion of diversified farm
ing methods such as were being
taught and practised by 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
only of the immense wheat crops
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 diversification.
During the war the farmer also
lived in the luxury which he mad 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 a portion of his wheat
profits in the good years for times
when his crops fail.
Look to Future.
soThis 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
proportion of the people to whom the
industries of the country must mar
ket a large part of their production.
When the rural classes are not able
to buy manufactured goods then pro-
duction must slow down.
eFollowing the war when rural
population of the United States was
poor the manufacturer turned for a
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
oring class that prevented break in
production for a long time.
''Now things have changed and
neither the farmer nor the laborer is
able to buy the whole production
which has been continually flooding
the market. This has, in large way,
caused the financial and industrial
depression in the east.
"Money is now tied up in the banks
of the far eastern states. The banks
have large amounts of money which
they are holding. The industries,
under these circumstances are forced
to rest until the money starts cir
culating again. This condition seems
to occur every year there is a presi-
Dental election. 1t will all clear up
in a few months. I look for imme-
diate business reaction for the bet
ter after the November elections.
Faith In Montana.
"I have more faith in Montana now
than ever had before in my life
have never seen crops looking better
than they are today. With sufficient
rain in the next few weeks there
should be a banner crop in all kinds
of grain. The corn is also looking
fine, and the recent warm weather
has made it look like a big crop. If
the acreage in wheat were the same
this year as it was few years ago,
Montana would this year be the ban
ner state of the nation in wheat.
ct look for higher market both