Chapters (12)
Now the land of the reservation had taken on a boom such as had never been realized, or dreamed of. Land in the states of Iowa, Minnesota, Illinois, and Nebraska had doubled in valuation in the previous ten years, and was still on the increase in value. Crops had been good and money was plentiful; with a number of years of unbroken prosperity, the farmers had paid off mortgages and had a good surplus in the bank. Their sons and daughters were looking for newer fields. Retired farmers with their land to rent now, instead of the customary one-third delivered, demanded and received from two-fifths to one-half, or cash, from three to five and six dollars per acre. And with the prices in these states ranging from ninety to one hundred and fifty dollars per acre, which meant from fifteen to twenty-five thousand dollars to buy a quarter section, which the renters felt was too high to ever be paid for by farming it. Therefore, western lands held an attraction, where with a few thousand dollars, some stock, and machinery a man could establish a good home. As this land in southern South Dakota is in the Corn Belt, the erstwhile investor and home-seeker found a haven.
There is always more or less gossip as regards insufficient moisture in a new country. The only thing to kill this bogy is to have plenty of rain, and plenty of rain had fallen on the Little Crow, too much at times. Large crops of everything had been harvested, but if the first three years had been wet, this fourth was one of almost continual rainfall.
In the eastern states the corn crop had been badly drowned out on the low lands, and rust had cut the yield of small grain considerably, while on the rolling land of the Little Crow the season was just right and everything grew so rank, thick and green that it gave the country, a raw prairie until less than four years before, the appearance of an old settled country. It looked good to the buyers and they bought. Farms were sold as soon as they were listed. The price at the beginning of the year had been from twenty-five to forty dollars per acre, some places more, but after the first six months of the year it began to climb to forty-five and then to fifty dollars per acre. Those who owned Little Crow farms became objects of much importance. If they desired to sell they had only to let it be known, and a buyer was soon on hand.
The atmosphere seemed charged with drunken enthusiasm. Everybody had it. There was nothing to fear. Little Crow land was the best property to be had, better, they would declare, than government bonds, for its value was increasing in leaps and bounds. Choice farms close to town, if bought at fifty dollars per acre, could be sold at a good profit in a short time.