No Hard Times in North Arkansas.
Mr. W. M. Duncan, president of the Citizens Bank, Eureka Springs, Ark., writes to the Southern States as follows:
“In this section of Arkansas, commonly spoken of as North Arkansas, by which is meant the two northern tiers of counties across the State, the financial condition of the farmers is better than at any time during the past five years. They are raising increased food supplies, and yet have very materially decreased their debts and improved their properties. Very little cotton is grown north of the Boston mountains; corn, oats, rye and sorghum being the chief cereals, while cattle, hogs and sheep are raised to great advantage and profit. There has not been a failure of any crops in the last five years. The outlook for the farmers this year is very good, and that of itself makes the general business situation of the towns and cities in this section most favorable.
“The great financial depression through which the country has recently passed was felt less in this section of the Southwest than in any other, from all reports. The reason was, our farmers were all well stocked with fat marketable hogs and cattle, and were able thereby to quickly realize on the same and meet the calls on them from their bankers, made necessary by the foolish alarm from lack of confidence so generally experienced in all financial institutions.
“Our greatest industry, yet very small, fruit raising (especially apples), merits the attention of all persons looking for a location to engage in apple raising. The apples of North Arkansas have taken the first prizes at New Orleans, San Francisco, Boston and the World’s Fair. There are several thousand acres of young apple trees which will bear the first fruit during the coming year, and as many more trees have been planted during the past two years. Our climate is especially adapted for this.
“The present status of business with the merchants and general stores is a great deal better than expected, and by early summer it is believed the return to the customary good trade will be accomplished.”