78 THE FOOD CRISIS AND AMERICANISM 



The ratio of the intrinsic value of the farmers' pre- 

 sumable equity to their indebtedness is less now than 

 in either of the four preceding periods referred to. 



I know of no State in the Union which would make 

 a showing more favorable than either Iowa or Ne- 

 braska. 



It is these thoughts that have prompted hundreds of 

 thousands of the best American farmers to realize upon 

 their equities while it is possible. It is their energy, 

 efficiency and money, driven thence by our intolerable 

 labor and marketing conditions, that has made possible 

 the wonderful development and prosperity of the Ca- 

 nadian Northwest. 



