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farmer¡¡came¡¡out¡¡to¡¡settle¡¡on¡¡such¡¡a¡¡tract¡¡and¡¡to¡¡meet¡¡the¡¡hard£»¡¡new£»¡¡and¡¡expensive¡¡conditions¡¡of¡¡life¡¡in¡¡the¡¡semi¡­arid¡¡regions¡¡he¡¡found¡¡that¡¡he¡¡could¡¡not¡¡pay¡¡out¡¡on¡¡the¡¡land¡£¡¡Perhaps¡¡he¡¡brought¡¡two¡¡or¡¡three¡¡thousand¡¡dollars¡¡with¡¡him¡£¡¡It¡¡usually¡¡was¡¡the¡¡industrial¡¡mistake¡¡of¡¡the¡¡land¡­boomer¡¡to¡¡take¡¡from¡¡this¡¡intending¡¡settler¡¡practically¡¡all¡¡of¡¡his¡¡capital¡¡at¡¡the¡¡start¡£¡¡Naturally£»¡¡when¡¡the¡¡new¡¡farmers¡¡were¡¡starved¡¡out¡¡and¡¡in¡¡one¡¡way¡¡or¡¡another¡¡had¡¡made¡¡other¡¡plans£»¡¡the¡¡country¡¡itself¡¡went¡¡to¡¡pieces¡£¡¡That¡¡part¡¡of¡¡it¡¡was¡¡wisest¡¡which¡¡did¡¡not¡¡kill¡¡the¡¡goose¡¡of¡¡the¡¡golden¡¡egg¡£¡¡But¡¡be¡¡these¡¡things¡¡as¡¡they¡¡may¡¡be¡¡and¡¡as¡¡they¡¡were£»¡¡the¡¡whole¡¡readjustment¡¡in¡¡agricultural¡¡values¡¡over¡¡the¡¡once¡¡measureless¡¡and¡¡valueless¡¡cow¡¡country¡¡was¡¡a¡¡stupendous¡¡and¡¡staggering¡¡thing¡£

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There¡¡was¡¡to¡¡be¡¡repeated¡¡in¡¡this¡¡country¡¡something¡¡of¡¡the¡¡history¡¡of¡¡California¡£¡¡In¡¡the¡¡great¡¡valleys£»¡¡such¡¡as¡¡the¡¡San¡¡Joaquin£»¡¡the¡¡first¡¡interests¡¡were¡¡pastoral£»¡¡and¡¡the¡¡cowmen¡¡found¡¡a¡¡vast¡¡realm¡¡which¡¡seemed¡¡to¡¡be¡¡theirs¡¡forever¡£¡¡There¡¡came¡¡to¡¡them£»¡¡however£»¡¡the¡¡bonanza¡¡wheat¡¡farmers£»¡¡who¡¡flourished¡¡there¡¡about¡¡1875¡¡and¡¡through¡¡the¡¡next¡¡decade¡£¡¡Their¡¡highly¡¡specialized¡¡industry¡¡boasted¡¡that¡¡it¡¡could¡¡bake¡¡a¡¡loaf¡¡of¡¡bread¡¡out¡¡of¡¡a¡¡wheat¡¡field¡¡between¡¡the¡¡hours¡¡of¡¡sunrise¡¡and¡¡sunset¡£¡¡The¡¡outlay¡¡in¡¡stock¡¡and¡¡machinery¡¡on¡¡some¡¡of¡¡these¡¡bonanza¡¡ranches¡¡ran¡¡into¡¡enormous¡¡figures¡£¡¡But¡¡here£»¡¡as¡¡in¡¡all¡¡new¡¡wheat¡¡countries£»¡¡the¡¡productive¡¡power¡¡of¡¡the¡¡soil¡¡soon¡¡began¡¡to¡¡decrease¡£¡¡Little¡¡by¡¡little¡¡the¡¡number¡¡of¡¡bushels¡¡per¡¡acre¡¡lessened£»¡¡until¡¡the¡¡bonanza¡¡farmer¡¡found¡¡himself¡¡with¡¡not¡¡half¡¡the¡¡product¡¡to¡¡sell¡¡which¡¡he¡¡had¡¡owned¡¡the¡¡first¡¡few¡¡years¡¡of¡¡his¡¡operations¡£¡¡In¡¡one¡¡California¡¡town¡¡at¡¡one¡¡time¡¡a¡¡bonanza¡¡farmer¡¡came¡¡in¡¡and¡¡covered¡¡three¡¡city¡¡blocks¡¡with¡¡farm¡¡machinery¡¡which¡¡he¡¡had¡¡turned¡¡over¡¡to¡¡the¡¡bank¡¡owning¡¡the¡¡mortgages¡¡on¡¡his¡¡lands¡¡and¡¡plant¡£¡¡He¡¡turned¡¡in¡¡also¡¡all¡¡his¡¡mules¡¡and¡¡horses£»¡¡and¡¡retired¡¡worse¡¡than¡¡broke¡¡from¡¡an¡¡industry¡¡in¡¡which¡¡he¡¡had¡¡once¡¡made¡¡his¡¡hundreds¡¡of¡¡thousands¡£¡¡Something¡¡of¡¡this¡¡same¡¡story¡¡was¡¡to¡¡follow¡¡in¡¡the¡¡Dakotas¡£¡¡Presently¡¡we¡¡heard¡¡no¡¡more¡¡of¡¡the¡¡bonanza¡¡wheat¡¡farms£»¡¡and¡¡a¡¡little¡¡later¡¡they¡¡were¡¡not¡£¡¡The¡¡one¡­crop¡¡country¡¡is¡¡never¡¡one¡¡of¡¡sound¡¡investing¡¡values£»¡¡and¡¡a¡¡land¡¡boom¡¡is¡¡something¡¡of¡¡which¡¡to¡¡bewarealways¡¡and¡¡always¡¡to¡¡beware¡£

The¡¡prairie¡¡had¡¡passed£»¡¡the¡¡range¡¡had¡¡passed£»¡¡the¡¡illegal¡¡fences¡¡had¡¡passed£»¡¡and¡¡presently¡¡the¡¡cattle¡¡themselves¡¡were¡¡to¡¡passthat¡¡is¡¡to¡¡say£»¡¡the¡¡great¡¡herds¡£¡¡As¡¡recently¡¡as¡¡five¡¡years¡¡ago¡¡£¨1912£©¡¡it¡¡was¡¡my¡¡fortune¡¡to¡¡be¡¡in¡¡the¡¡town¡¡of¡¡Belle¡¡Fourche£»¡¡near¡¡the¡¡Black¡¡Hillsa¡¡region¡¡long¡¡accustomed¡¡to¡¡vivid¡¡history£»¡¡whether¡¡of¡¡Indians£»¡¡mines£»¡¡or¡¡cowsat¡¡the¡¡time¡¡when¡¡the¡¡last¡¡of¡¡the¡¡great¡¡herds¡¡of¡¡the¡¡old¡¡industry¡¡thereabouts¡¡were¡¡breaking¡¡up£»¡¡and¡¡to¡¡see£»¡¡coming¡¡down¡¡to¡¡the¡¡cattle¡¡chutes¡¡to¡¡be¡¡shipped¡¡to¡¡the¡¡Eastern¡¡stockyards£»¡¡the¡¡last¡¡hundreds¡¡of¡¡the¡¡last¡¡great¡¡Belle¡¡Fourche¡¡herd£»¡¡which¡¡was¡¡once¡¡numbered¡¡in¡¡thousands¡£¡¡They¡¡came¡¡down¡¡out¡¡of¡¡the¡¡blue¡­edged¡¡horizon£»¡¡threading¡¡their¡¡way¡¡from¡¡upper¡¡benches¡¡down¡¡across¡¡the¡¡dusty¡¡valley¡£¡¡The¡¡dust¡¡of¡¡their¡¡travel¡¡rose¡¡as¡¡it¡¡had¡¡twenty¡¡years¡¡earlier¡¡on¡¡the¡¡same¡¡old¡¡trail¡£¡¡But¡¡these¡¡were¡¡not¡¡the¡¡same¡¡cattle¡£¡¡There¡¡was¡¡not¡¡a¡¡longhorn¡¡among¡¡them£»¡¡there¡¡has¡¡not¡¡been¡¡a¡¡longhorn¡¡on¡¡the¡¡range¡¡for¡¡many¡¡years¡£¡¡They¡¡were¡¡sleek£»¡¡fat£»¡¡well¡­fed¡¡animals£»¡¡heavy¡¡and¡¡stocky£»¡¡even¡¡of¡¡type£»¡¡all¡¡either¡¡whitefaces¡¡or¡¡shorthorns¡£¡¡With¡¡them¡¡were¡¡some¡¡old¡­time¡¡cowmen£»¡¡men¡¡grown¡¡gray¡¡in¡¡range¡¡work¡£¡¡Alongside¡¡the¡¡herds£»¡¡after¡¡the¡¡ancient¡¡fashion¡¡of¡¡trailing¡¡cattle£»¡¡rode¡¡cowboys¡¡who¡¡handled¡¡their¡¡charges¡¡with¡¡the¡¡same¡¡old¡¡skill¡£¡¡But¡¡even¡¡the¡¡cowboys¡¡had¡¡changed¡£¡¡These¡¡were¡¡without¡¡exception¡¡men¡¡from¡¡the¡¡East¡¡who¡¡had¡¡learned¡¡their¡¡trade¡¡here¡¡in¡¡the¡¡West¡£¡¡Here¡¡indeed¡¡was¡¡one¡¡of¡¡the¡¡last¡¡acts¡¡of¡¡the¡¡great¡¡drama¡¡of¡¡the¡¡Plains¡£¡¡To¡¡many¡¡an¡¡observer¡¡there¡¡it¡¡was¡¡a¡¡tragic¡¡thing¡£¡¡I¡¡saw¡¡many¡¡a¡¡cowman¡¡there¡¡the¡¡gravity¡¡on¡¡whose¡¡face¡¡had¡¡nothing¡¡to¡¡do¡¡with¡¡commercial¡¡loss¡£¡¡It¡¡was¡¡the¡¡Old¡¡West¡¡he¡¡mourned¡£¡¡I¡¡mourned¡¡with¡¡him¡£¡¡Naturally¡¡the¡¡growth¡¡of¡¡the¡¡great¡¡stockyards¡¡of¡¡the¡¡Middle¡¡West¡¡had¡¡an¡¡effect¡¡upon¡¡all¡¡the¡¡cattle¡­producing¡¡country¡¡of¡¡the¡¡West£»¡¡whether¡¡those¡¡cattle¡¡were¡¡bred¡¡in¡¡large¡¡or¡¡in¡¡small¡¡numbers¡£¡¡The¡¡dealers¡¡of¡¡the¡¡stockyards£»¡¡let¡¡us¡¡say£»¡¡gradually¡¡evolved¡¡a¡¡perfect¡¡understanding¡¡among¡¡themselves¡¡as¡¡to¡¡what¡¡cattle¡¡prices¡¡ought¡¡to¡¡be¡¡at¡¡the¡¡Eastern¡¡end¡¡of¡¡the¡¡rails¡£¡¡They¡¡have¡¡always¡¡pleaded¡¡poverty¡¡and¡¡explained¡¡the¡¡extremely¡¡small¡¡margin¡¡of¡¡profit¡¡under¡¡which¡¡they¡¡have¡¡operated¡£¡¡Of¡¡course£»¡¡the¡¡repeated¡¡turn¡­over¡¡in¡¡their¡¡business¡¡has¡¡been¡¡an¡¡enormous¡¡thing£»¡¡and¡¡their¡¡industry£»¡¡since¡¡the¡¡invention¡¡of¡¡refrigerator¡¡cars¡¡and¡¡the¡¡shipment¡¡of¡¡dressed¡¡beef¡¡in¡¡tins£»¡¡has¡¡been¡¡one¡¡which¡¡has¡¡extended¡¡to¡¡all¡¡the¡¡corners¡¡of¡¡the¡¡world¡£¡¡The¡¡great¡¡packers¡¡would¡¡rather¡¡talk¡¡of¡¡¡¨by¡­products¡¨¡¡than¡¡of¡¡these¡¡things¡£¡¡Always¡¡they¡¡have¡¡been¡¡poor£»¡¡so¡¡very¡¡poor£¡

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