Appletons' Popular Science Monthly, December 1898: Volume LIV, No. 2, December 1898Various
Science
Appletons' Popular Science Monthly, December 1898: Volume LIV, No. 2, December 1898
Various
Science -- Periodicals; Technology -- Periodicals
Having put that question, I now propose to submit an inquiry in due
form in order to sustain my own belief that we can supply the whole
present and the increasing demand of Great Britain for the next
thirty years with six bushels of wheat per head at a dollar a bushel
from land situated wholly in the Indian Territory, not yet open to
private entry, but which may soon be open when the Indian titles have
all been purchased. Or, again, I undertake to say that the State of
Texas can meet this whole demand without impairing in the slightest
degree its present products of grain, cotton, wool, and meats, and
without appropriating the use of more than a small fraction of
the area of that single State which has not yet been fenced in or
subjected to the plow to the production of wheat.
Perhaps it would be better to put a more simple proposition in order
to bring out what would be perfectly feasible. Let it be assumed
that the British public should really become so alarmed as to be
willing to put up the granaries which have been suggested for storing
fourteen weeks' consumption, or 64,000,000 bushels. That would
require a very large capital which would yield no income on which
there would be a heavy loss of interest and a considerable risk of
damage to the wheat during the period of storage. In place of this a
feasible plan would be to put up the capital which would be required
for building these granaries, invest it in consols, and pledge it as
collateral security for the fulfillment of a contract running for
thirty years for the annual purchase of 10,000,000 bushels of wheat
per month, or say 128,000,000 bushels a year, or twice the quantity
proposed to be stored.
There are several large dealers in grain and provisions in the United
States who would be ready to take this contract and to put up a
sufficient sum of capital invested in United States bonds to serve as
security for prompt delivery.
Public-domain text, read in full here on John Shaqi.
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