Seventy Years on the Frontier Part 19

WILD WEST FRUITS.

It is still within the memory of boys when it was almost universally agreed that nothing was more impossible than successful fruit raising in Colorado, with the exception of certain varieties of small fruits. It is easy to see how such a belief grew up, for even now in many places it requires ocular demonstrations to convince that, in parched valleys where frequently even cactus and sage-brush are but spa.r.s.ely represented, fruit can be grown that in l.u.s.trous bloom and richness of flavor can not be surpa.s.sed in any country or climate. That such is the case, however, has already been so thoroughly proven, and the proof is being so persistently repeated year after year, and in widely separated localities, that to longer disbelieve or cavil is sufficient evidence either of ignorance or determination not to believe.

When travelers first crossed the prairies and followed the sandy or adobe river bottoms they could hardly be expected to think of the barren tracts as covered with orchards and gardens within a few years. Yet there were indices even then, and had not every mind been wholly absorbed in the search for gold, some one might have drawn a lesson from the laden plum and cherry trees that lined every foot-hill, canon, and ravine, sometimes following the stream far out on the prairie. In the mountains, too, were raspberry patches, sometimes covering thousands of acres and yielding almost incalculable quant.i.ties of luscious fruit that, having no more appreciative pickers than bears and birds, annually decayed among the rocks and fallen logs.

There were, and still are, countless numbers of huckleberries, and in every part of the mountains grow more or less wild strawberries, raspberries, currants, gooseberries, thimbleberries, huckleberries, and numerous varieties of cherries, plums, and nuts. Considering these things it would not have required a great stretch of imagination of some old fruit man from the East to have foreseen something of the possibilities now beginning to be almost phenomenally realized in every part of the State.

A history of horticulture in the Centennial State has not yet been written, and it is impossible to say when and where the first domestic fruit was grown, or to whom is due the honor of having taken the initial step in the industry that from its rapid development and the enthusiasm already enlisted bids fair to outstrip all other pursuits in the State.

In rapidity the growth has been much like that of our magic capital city, and as fruit is one of the things with which a luxury-loving people will not dispense, it may fairly be predicted that the infant industry, without any protection or coddling, will keep pace with the State and city.

It is not difficult to find good reasons for believing that its progress will not only exceed that of any other industry in the State, but that it will be out of proportion to that of the State itself. Irrigating is an expensive process, and whatever crop will bring the greatest return for the least outlay in that direction is the one to which the energy of the Colorado people should logically be directed. Not only can fruit be raised with much less water than any other crop, but a good yield in a single year after the trees are fairly well developed will reimburse the purchase price of the land and the other expenses, besides leaving a handsome profit.

If any one argues that only the southern half of the State can be relied upon for fruit, a visit to Larimer County will promptly and effectually convince him of his error. If he believes only in the western slope, let him follow the Arkansas River from several miles above Salida to where it enters Kansas, or the Platte from the foot-hills to Nebraska, examining the embryo orchards that enrich nearly every farm on his journey.

It is readily conceded that certain locations are, by nature, better adapted than others to certain kinds of fruits. To fit the varieties to the localities most suitable to their respective natures requires years of experiment. The fruit industry of Colorado is now in that experimental stage. To conduct the experiment so as to secure the best results, men of skill, long experience, and indomitable energy are necessary. Such men do not at present average one to the county. This fact does not reflect discredit on the men who are growing fruit. No one could realize the truth more fully than they do themselves. Hundreds of them who are succeeding with orchards scarcely knew one tree from another until they began putting them out on their farms.

The fact that so much has been accomplished without the experience and skill so essential to success in every country is the strongest possible evidence that the natural elements are here in the right combination and ready to do their part, and more, to win for the Centennial State a greater distinction as a fruit producer than has for years been hers as the silver queen. Just as sure as the conditions of climate and soil remain as they are, will this new industry eventually hold first place in every respect. In the immediate vicinity of the capital city, where only a few years ago was nothing but barren prairie, there are now hundreds of acres in orchards and vineyards. Apples, pears, plums, cherries, and numerous varieties of grapes are grown in abundance, and with such success that the fruit acreage is annually increasing. Up and down the Platte, on Cherry Creek and Clear Creek, on the prairie wherever water can be had for irrigating, farmers are putting out more and more in standard and small fruits. The never-failing demand for good fruit, to fill which California annually ships thousands of car-loads, is encouragement enough, for it insures good prices without the trouble and expense of shipment.

Westward the same conditions are manifest, and the limited area of tillable land shows a yearly increasing number of fruit trees. Here close to the foot-hills a single acre, mostly in cherry trees, has yielded a cash return of $1,000 from one year's crop just harvested. It is but a matter of a few years until many another acre will yield as much or more, either English Morello cherry trees, as in this case, or from other varieties of standard fruits.

Boulder County has long been known as the home of small fruits. Last year the county furnished 184,300 pounds of grapes and 304,810 quarts of berries. In a walk through the streets of Boulder more grapes of the finer varieties, such as Delaware, can be seen than in the market of any other city in the State, without excepting even Denver in the present year. Nor is the county's output confined to small fruits, for in last year's report were 25,622 bushels of apples, 102 of peaches, and 143 of pears, besides 4,745 quarts of plums and 1,905 of cherries.

The same condition prevails in all the counties in the northwest part of the State, though, with the exception of the Greeley neighborhood and the Platte Valley, the country is too recently settled to have made much progress in the culture of fruit. In the last few years the blight has been causing considerable discouragement in the Platte Valley and up the tributary streams in Larimer and Boulder counties. Like other diseases, it has struck hard in a few specially valuable places, and in the riot of its march has caused more annoyance through fear than through actual ravages. It may thin out a few susceptible varieties of trees, but when it shall have run its course, the orchards that remain and those that will grow up in the future will be practically impregnable to its attacks. There are many varieties of fruits that will flourish just as well as apples and pears, and which the blight never touches. Men who are ready to drop the business when the fruit pest appears are not the ones who will win success. Many of the trees from which the finest apples are picked this year were badly blighted last year or the year before.

CHAPTER x.x.xV.

HOW ENGLISH CAPITALISTS GOT A FOOTHOLD.

There are thousands, if not millions, of people in the United States who, if asked how they accounted for the fact that there are so many millionaires in the United States, could not give us a satisfactory explanation of the phenomenon.

It is a fact that there are hundreds who have ama.s.sed fortunes ranging from $1,000,000 to $100,000,000 each, within the last thirty years, and but very few people have any idea how they have made such immense fortunes in so short a time.

Not only our own people have made these vast fortunes, but hundreds of foreigners have acc.u.mulated immense wealth in this country, and now hold it. To give an idea of the immensity of these fortunes, I will call the attention of the reader to some well-known facts. First, to the fact, as is shown by Poor's Railroad Manual, that there is now about $5,500,000,000 of railroad bonds and floating debt, and there is about $4,500,000,000 of railroad stock, making a total of about $10,000,000,000, and this vast wealth is in the hands of comparatively few people.

Then there are national bonds to the amount of about $600,000,000. In addition to these are the bonds that have been issued by the States, counties, cities, towns, and school districts, amounting in the aggregate to probably $3,000,000,000. Then there are, according to the last census, about 9,000,000 of mortgages upon the farms, homes, and property of the people. The aggregate of these 9,000,000 of mortgages is probably not less than $5,000,000,000, and all of this vast amount of bonds, stocks, and mortgages draw interest, requiring about $1,000,000,000 each year to pay interest.

All of this wealth is in the hands of but a small percentage of the people, and what is incomprehensible to the ma.s.ses is the fact that a very large per cent of it is in the hands of foreign capitalists. Of the $10,000,000,000 of railroad bonds and stocks, it is a conservative estimate to say that one-half of it belongs to foreign, princ.i.p.ally English, capitalists. The question is often asked, How did they acquire this property? What did they give us in exchange for it? Was it gold, silver, or merchandise? If neither of these, what did we get? To prove that they did not send us either gold, silver, or merchandise in payment for at least $5,000,000,000 of our railroad bonds, we have only to refer to the report of the Secretary of the United States Treasury for 1891, and we find that since the close of the war, in 1865, our exports of gold, silver, and merchandise have exceeded our imports in the sum of $872,000,000; so that it is very clear that we have been sending them an enormous amount of money and merchandise over and above the amount we have imported from them, and whatever may have been received from the railroad bonds is still to be accounted for. To understand how they have acquired this hold upon the resources of the country, imposing a burden on the people that is surely and certainly reducing them to the condition of paupers and serfs, we shall have to go back to the days of the war, and review the financial policy of the Government, and point out how the laws have been framed exclusively in the interest of capital.

During the war the Government issued many kinds of paper money, such as greenbacks, seven-thirty notes, one-year notes, compound-interest notes, and one, two, and three year notes, all amounting to nearly $2,000,000,000. This money was put in circulation by paying it out at its full face value to the soldiers, sailors, and creditors of the United States, but the Government would not receive it back in payment of duties upon imports, but would receive it from any one who wished to purchase five-twenty Government bonds, taking it at its face value.

The interest on these bonds was 6 per cent, payable in coin. This continued until February, 1863, when the laws were enacted that provided that after July 1, 1863, the paper money should not be received in exchange for bonds having interest payable in coin. The result of this was that shortly after the law went into effect the paper issued by the Government rapidly depreciated, and very soon it was worth only about 40 cents on the dollar, but our soldiers were still compelled to take it at its full face value, that is, 100 cents on the dollar.

At the close of the war, in 1865, our Government issued many hundreds of millions of their depreciated paper and paid it out to the soldiers, sailors, and other creditors of the Government at its full face value, 100 cents on the dollar.

After the soldiers had been paid off in the depreciated currency of the Government, and it had gone into general circulation, one of the most gigantic schemes ever concocted by the money-power was then devised.

The object was to destroy the money of the country, and issue in its place many hundreds of millions of dollars of Government bonds drawing 6 per cent interest in coin, payable semi-annually.

During the winter of 1865-66, an agent of the Rothschilds went to Washington and secured the enactment of a law providing that any person might take any of the depreciated paper that had been issued by the Government for the purpose of paying off the soldiers and the other expenses of the war, and exchange it at its full face value for bonds of the United States drawing 6 per cent interest in coin, payable semi-annually, and that the money paid for such bonds should be destroyed within three years after the close of the war. By this means nearly $1,000,000,000 of the currency of the country was withdrawn from circulation and destroyed, and an equal amount of 6 per cent coin bonds were issued in place of the currency that was so destroyed.

No laws that were ever enacted, and no decrees that were ever promulgated by any tyrant that ever sat upon a throne, ever enabled a few to ama.s.s wealth as rapidly as they were enabled to do under the provisions of these laws.

Under the provisions of the laws of 1863 the currency was depreciated to less than 50 cents on the dollar, and under the law of 1866 hundreds of millions of dollars were bought up by the Rothschilds and other English and European bankers, at from 40 to 60 cents on the dollar, and were converted into five-twenty United States bonds drawing 6 per cent interest in coin, the interest to be paid semi-annually. This was equivalent to 12 per cent upon the actual cash paid for the depreciated paper with which they bought the bonds.

But this was only a part of the profit they were enabled to make. The interest was paid every six months in gold. The interest on $1,500,000,000 every six months was $45,000,000, and as the law that required the duties on imports to be paid in coin had never been repealed, gold was for many years at a high premium. The bondholders could take their $45,000,000 every six months to the gold-room in Wall Street and sell it for 50 per cent premium. This was equivalent to 9 per cent on the face value of the bonds and 18 per cent on the coin they had paid for the currency with which they had bought the bonds.

But this was not all the profit they were enabled to make, for still other laws had been framed in the interests of capital and speculators.

Congress had a.s.sumed all the power that was claimed by the kings of old who claimed to rule by divine right; that is to give away the land of the nation to whomsoever they saw proper, and exempt it from all taxation for a term of years. In the exercise of this right they had given to individuals and corporations more land than there is in Great Britain; more land, in fact, than any king of England ever claimed to own. This land was given for the purpose of enabling these favored corporations to build railroads for themselves (not for the people); the people had no interest in the roads, and could only use them on such terms as the railroad companies might dictate.

Railroad companies could not build railroads with land; it took money to build them; but the English bondholders had $50,000,000 or $60,000,000 coming in every six months for interest on their United States bonds, and they were willing to lend it to the railroad companies and take railroad bonds, secured by mortgage upon the railroad and their lands.

Now, as there were a great many railroad companies that wanted to borrow money, they began to offer extra inducements to secure loans; they offered their bonds at 10, 15, and often 20 per cent discount. These railroad bonds usually drew 6, 7, and even 8 per cent interest, which was paid semi-annually. The profits made by these English capitalists were immense. Never in the world's history had such profits been made.

The wildest dreams of John Law and the South Sea schemers were more than realized.

To fully understand this, let us take the actual results of one year's operations. The English capitalists, we will say, in 1867, invested $500,000,000 in the purchase of $1,000,000,000 of our depreciated currency. They took it to the United States Treasurer and exchanged it for United States bonds drawing 6 per cent interest in coin. At the end of six months they drew $30,000,000 in gold coin, and took it to the gold-room and sold it for $45,000,000 in greenbacks. Then they exchanged their greenbacks for railroad bonds at 20 per cent discount. They would thus receive about $54,000,000 of railroad bonds drawing 7 per cent interest. At the end of the next six months they would draw another $30,000,000 in coin and sell it for $45,000,000 in greenbacks, and exchange them for another $54,000,000 in railroad bonds. They would also draw 7 per cent interest on the first $54,000,000 of railroad bonds, which, for six months, would be $1,840,000. The account of the first year would stand as follows: $500,000,000 in gold brought $1,000,000,000 of depreciated currency, and was exchanged for $1,000,000,000 of United States bonds; one year's interest on $1,000,000,000 amounted to $60,000,000. This was sold in the gold-room for $90,000,000 in greenbacks. Then the greenbacks were exchanged for railroad bonds at 20 per cent discount on the bonds. In this way at the end of the first year, for their investment of $500,000,000, they found themselves in possession of $1,000,000,000 of United States bonds, and $108,000,000 of railroad bonds, and $1,840,000 in cash for the first six months'

interest on the first $54,000,000 of railroad bonds. Nor was this all the profit of the English capitalists, for in 1869 they secured the pa.s.sage of a law by Congress pledging the Government to pay not only the interest but the princ.i.p.al of the United States bonds in coin. This rapidly increased the value of the bonds, and in a few years they were eagerly sought for by English capitalists, and they rose to a premium of 25 per cent in gold on their full face value.

Within five years after the pa.s.sage of the law of 1866, the bonded debt of the United States reached the sum of over $1,800,000,000. The interest was paid in coin, and was sold in the gold-room in Wall Street at a premium until 1878, and the profits realized upon the sale of this gold were simply enormous. These profits were promptly invested in railroad bonds at a discount of from 5 to 25 per cent.

In 1866 the bonded indebtedness of the railroads had got up to $2,165,000,000, and was in the hands princ.i.p.ally of English capitalists, who had paid for them with the profits they had made on the United States bonds they had bought at a discount of from 40 to 60 per cent.

Not only the British capitalists made enormous profits, but our railroad corporations and speculators made still greater profits. For every dollar of the bonds they sold to the English capitalists they issued a dollar or more of the railroad stocks, so that in 1876 the amount of railroad stock reached the sum of $2,248,000,000.

From 1876 to 1890 the English and European capitalists continued to invest the interest they drew upon their Government and railroad bonds in the new issues of railroad bonds, so that, in 1890, they had secured the enormous sum of $4,828,000,000 of railroad bonds, and it took $219,877,000 to pay the interest annually. During the same time the railroads had increased the amount of railroad stock to $4,495,000,000 and it took $80,000,000 to pay the dividends.

The railroad people not only made vast fortunes out of the $4,495,000,000 of watered stock (for it was in reality nothing but water, for the actual cost of building the roads was no more than was received from the sale of their bonds to the English capitalists), but they made hundreds of millions of dollars from the sale of the lands that had been given to them by the Government, and had not cost them one cent, not even for taxes. They ran their roads through their lands for thousands of miles, and wherever they thought proper they would lay out towns and cities and sell the lots at fabulous prices.

They also induced towns, counties, and cities to issue millions of dollars of bonds and give to the companies, as a bonus, to run their roads through such towns and cities.

When we look at these facts, that are matters of history and can not be gainsaid, is it not plain to every man of common sense, that the policy of the Government for the last quarter of a century has been in the interest of capitalists and speculators, and against the interest of the producing cla.s.ses, who, either directly or indirectly, must pay the interest annually on this vast acc.u.mulation of wealth that is in the hands of the favored few?

And to pay this vast amount of interest in gold, as these capitalists insist upon, and are trying to compel the people to do by using every means in their power to prevent the free and unlimited coinage of silver, will, in the near future, reduce the producing cla.s.ses to the condition of serfs.

CHAPTER x.x.xVI.

MONTANA'S TOWNS AND CITIES.

The "Bonanza" State, young as she is to-day, has more towns and cities than such old and well developed States as Wisconsin, Illinois, or Minnesota had at a period in their history at which they might easily have expected to be far better developed, as regards population, than Montana could reasonably expect.

A half-century marks the time when the great Chicago of to-day was Fort Dearborn, planted, as it were, on a boundless prairie to watch a few blanketed Indians and traders at the mouth of the Chicago River. This was the nucleus of the great city--the second in rank of the many wonderful cities of the United States. Fifty years ago the pioneers of the Badger and Prairie States were doing what the old-timers and pioneers of Montana are doing to-day, building towns and founding cities. In the Eastern pioneer States where a few straggling hamlets were first fashioned by the efforts of the early emigrants, there are thousands of towns and cities, where the unpretentious log cabins and town sites were no more inviting than those of the early settlers of Montana.