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Show THE HOLLAND LETTER New Wealth From Western Mine, But Greater Will Come From Agriculture Now York, Jan. 7. Washington, through tho proper department, was able to report two day's beforo Now Year's that about a hundred and flf toon million dollars' all now wealth represents tho money value of tho Increaso In tho output of tho mines of six of tho Hocky Mountain States. Tho Washington report tends to re-futo re-futo tho statement which has been made by somo railroad managers that tho railroads which penetrnto tho Rocky mountain states cannot rely upon tho output of tho mines for permanent or greatly Increased railroad rail-road transportation. It used to bo said that tho mines may not havo long lives, but agrlculturo remains always al-ways with us. Nevertheless It was with a vlow to facilitating mining Industry In six of tho Rocky Mountain statos that capital In largo amounts was Invested In railroad construction. When In Colorado a railroad reached the coat mines It was posslblo for Senator Hill of Colorado who was at tho tlmo senator to abandon tho use of wood and thoreby substantially to perfect his smolter plants. Tho railroad brings coal coko from Canada to tho Montana mines and made posslblo tho almost marvelous development of mining Industry In two hundred and seventy million pounds of copper In 1915. That output out-put far more than paid back, through Increased wealth, the sum which tho United States paid for tho entire territory ter-ritory of tho Rocky mountain region of which Montana was a part. Tho country will be richor by eighty-seven million dollars through the output of tho Montana mines. Whllo Colorado has yielded new wealth from Its mines of forty-three million dollars, tho mines of Utah llflVn TTlfllntnlnnil nn nnnnl Innrnnan and that Is truo of Moxlco, Idaho and Arlzonn. Agriculture Will Be Supreme. Notwithstanding theso phenomenal Increases In tho output of minerals from the mines of theso six states, tho day Is not far distant when their agricultural output will surpass In monoy valuo tho products of their mines each year. A few days ngo, a man who has undoubted familiarity with conditions In Utah, spoke of the wondorful opportunities for ngrlcul-turo ngrlcul-turo which that stato offers and which have been In part nccopted. Montana's whoat yield Is, so far as tho .number of bushels harveBted to tho aero Is concornod, tho high record for any American stnto. Tho mines will tnko euro of themselves. Thoro Is suro to bo a continued and increasing increas-ing demand for mlnorals produced from tho mines of theso six statos, and especially for copper. They are to bo among tho world's grcnt coppor-producing coppor-producing communities. Hut, nftcr all, theso will each year mnko Increaso In-creaso In the amount of products thoy secure from tho soil, and It Is Inconcelvablo that theso agricultural opportunities will over bo neglected. The Greater Wealth. Tho Washington authorities havo been putting out other Information than that which tolls of the increaso In tho output of tho mines of tho Rocky Mountain States. This information in-formation points directly to tho fnct that It Is upon agrlculturo that tho country must In largo measuro do-pond do-pond for Its yearly Increase In wealth. It is a safe estlmato that the aggregate value of all harvests In the United States In 1915, will be somewhat In excess of eleven billion dollars We last year passed the ten billion dollar flguro which was the or bltrnry standnrd for some years of tho money valuo of our crops b something more than a billion dollnrs Theso figures aro tho btiBls of some of tho comments which aro dall mndo by men of large affairs, as their prediction that tho year 1910 will cs tnb'lsh the date when largo Invest ments of capital In tho development of domestic resources of all kinds will begin, not to bo decreased, but rnthcr Increased If wo handle tho opportunity op-portunity properly for a considerable term of years. Another indication of this restored courage and changed disposition of capital In comparison with Its timidity timid-ity of tho past threo or four years Is to bo found In tho expected greatly great-ly Increased development of the oil resources of Oklahoma and very likely like-ly of southern California. Capitol Is going In largo amounts Into shlpbuldlng, nnd the prophetic vision of C. P. Huntington Is now u reality, so far ns the great shipyard at Newport News Is concerned, bo-cout.il bo-cout.il although already driven to Its capacity, It has undertaken to build four nddltlotinl seagoing vessels. It Is noticeable, however, that the beginning of renewed Investment of capital in a largo way Is moro notice-ab'o notice-ab'o In tho South, Southwest nnd Northwest thnn In that section of the country which Is east of tho Mississippi Mis-sissippi and north of tho Ohio, with this exception tho magnitude of capital cap-ital Invested In tho automobile Industry Indus-try In tho Detroit district Is spoken of hero as ono of tho most mnrvelous of the financial phenomena of the prosent time. HOLLAND. |