19th Century, Agriculture, Business, farming, government, History, Industry, Intercession, Jesus, Minnesota, State Government

Bonanza Farms 1875

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Investors grow wheat on a grand scale in the Red River Valley. Their “bonanza farms” cover thousands of acres and are harvested by huge crews and the latest machinery.
A financial panic in 1873 stopped the construction of the Northern Pacific Railroad to the Red River Valley. In order to pay back its Eastern investors, the bankrupt company allowed its investors to exchange their bonds for land. As a result, large urban investors immediately became owners of thousands of acres of land (unlike homesteaders who had to live on the land for five years to get 160 acres). The new owners turn the land into large-scale commercial farms run by hired managers with cheap labor and expensive machinery.

Lord, You hate corruption of any sort in any relationship. “The LORD detests dishonest scales, but accurate weights find favor with him.” Proverbs 11:1* This panic of 1873, again at the hands of the railroads under federal authority, really stole land from the homesteaders. (The principle of sowing and reaping? The homesteaders just years before may have been party to land being swindled from the Dakota.) Anyway, we are people capable of both sharing and defrauding land from our neighbors.

Will You forgive us this debt? Will You cause restoration and repentance to grow in the hearts of this state and nation? Will You forgive Minnesotans’ resentments against the Federal Government? Will You forgive the Railroads for manipulating the Panic of 1873 to their benefit? Will You remove this curse from our land, skies, waters, and hearts? Thank you that You deal with us in such a generous manner!

*http://biblehub.com/proverbs/11-1.htm

 

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2 thoughts on “Bonanza Farms 1875

  1. Pingback: The Weekly Headlines – My Daily Musing | franciscansonthemountains

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