22 ILLINOIS STATE DAIRYMEN'S ASSOCIATION. 



of $489,467,771. Banks other than national and savings, have a capital 

 of $211,634,586. 



By this it will be seen that the national banks of this country have a 

 capital invested in their business exceeding only by about $30,000,000 the 

 capital invested by dairymen in the single item of cows, and that the capital 

 invested in banks in this country, other than savings, is but seventy-five 

 per cent, of the amount invested by dairymen in land. 



If now we add to the capital invested in banking the amount of 

 individual deposits in all the banks of this country other than deposits in 

 savings banks, we find as follows : 



Individual Deposits in National Banks, October 1st, 1877 $ 616 403,987 



Deposits in other Banks 483,458,242 



Total deposits, (other than Savings* deposits,) 1,099,862.229 



Add to this the 

 Bank Capital, (as before stated,) , 691,101,357 



And we have a total of 

 Bank capital and deposits, of 1,790,964,586 



It will be noticed that this amount includes all the capital invested in 

 banking and all the money of the commercial, manufacturing, and business 

 men of our country. 



If we adopt Mr. Tracey's statement of the number and value of cows, 

 and our estimate of the quantity and value of land and other property used 

 by the dairy farmers in the prosecution of their business, it will be seen 

 that the capital invested in this business nearly if not quite equals all the 

 badking capital and the money wealth of all the commercial, manufacturing 

 and business men of this country. 



How to obtain the best results for such an amount of capital so 

 invested, is worthy of the most careful consideration. 



In discussing the topic, how to make dairy farming more profitable 

 than it noT* is, I shall present only one view of it, viz.: the necessity of 

 making our dairy products of such kinds and qualities that they shall rank 

 equal to that of other countries, in the best markets of the world, and thus 

 avoid the fearful fluctuations in value so common to our own localities. 



The Hon. X. A. Willard,in an address before the "Vermont Dairymen's 

 Association," stated that in looking over the English market reports for the 

 past ten jears, it would appear that there has been but little fluctuations in 

 price ; that there never was a time when the market was glutted with 

 cheese of clear, sweet, nutty flavor ; that such cheese, of good keeping 



