NUT PROMOTIONS.

By W. C. Deming, New York.

Promoters attack their quarry with a two-edged sword; one edge is what they say, the other what they leave unsaid; and both edges are often keen. What they say generally has a foundation of truth with a superstructure of gilded staff. You must knock over the staff and examine the foundations to see if they are laid up in good cement mortar or only mud. Sometimes they are honestly laid but your true promoter can no more help putting on his Coney Island palace of dreams than a yellow journal reporter can help making a good story of the most everyday assignment. I suppose he takes a professional pride in his decorations, even when the real facts themselves are good enough. Or even, in his enthusiasm, half believes, and fully hopes, that what he says is true. So you never can say that because of the evident gilding there is nothing worth while beneath.

What the promoter does not say it is absolutely necessary for the safe investor to find out. Deductions from experience in general, and from knowledge of the business in particular, will help and, when these favor further investigation, there are two essentials for a wise decision. First, a study of the records of the promoters, and second, a personal examination of the property. If these can be thoroughly made, and the results are satisfactory after a suitable period of mental incubation, if the prospects will stand the candle test for fertility, you may put some money on the chance of a good hatch; remembering, too, that many a good hatch afterward comes to grief with the pip.

Some promotions are conceived in iniquity, some in drunkenness and folly and some are abortive from incapacity. Your legitimate and well-born, well-brought-up promotion, fathered by ability and mothered by honesty, it is your problem to recognize, if that is what you are looking for, and to avoid the low-born trickster or incapable. No one can tell you how to do this any more than he can tell you an easy way to graft hickories.

The northern nut grower is not yet bothered with northern nut promotions. At most he is called on to discount the statements of sellers of trees, and that a little, not too expensive, experience will teach him. The West is apparently too busy selling fruit and fruit lands to lay out nuts to trap eastern nibblers. But the allurements of pecan growing in the South are spread before us with our bread and butter and morning coffee. The orange and pomelo properties have been banished from the stage, or made to play second fiddle, and now we see in the limelight the pecan plantation, with a vista of provision for old age and insurance for our children. And there shall be no work nor care nor trouble about it at all. Only something down and about ten dollars a month for ninety-six months. And the intercropping is to more than pay for that. It is indeed an enticing presentation.

Although we have as yet no northern nut promotions we may expect the time when the sandy barrens of the shore and the boulder pastures of the rock ribbed hills will be cut up into five acre plots and promoted as the natural home of the chestnut and the hickory, holding potential fortunes for their developers. I hope it will be so for it will postulate a foundation in fact. But the chestnut blight and the unresponsiveness of the hickory to propagation as yet hold up these future camp followers of the northern nut growing pioneers. So that for the present there is only the sword of the southern pecan promoter to parry.

It would be a work of supererogation and effrontery for me to attempt to treat this subject in particular since it has been so clearly and ably done by Col. C. A. Van Duzee of St. Paul, Minn., and Viking, Fla., from the standpoint of long experience and full knowledge. His paper should be read by all interested persons. I am permitted to make the following quotations from it:

"The pecan as an orchard tree has recently been discovered and its history has not been written. The record at present is largely based on scattered individual trees growing under abnormal conditions which, as a rule, are favorable....

"Calculations and deductions based upon these results have been made which are fascinating, but they are utterly unreliable when applied to orchards of other trees in different localities growing under totally different conditions?...

"No one knows what a pecan orchard grown under such conditions is going to do."

Col. Van Duzee, however, expresses firm belief in the success of pecan growing under proper personal supervision.

It all comes down to the question, "Can you or I hire our business done for us, never go near it ourselves and expect others to make a success of it for us?"

And yet, when all is said, I confess that I have been tempted by my faith in the present and future of pecan growing in the South. I might have invested were it not for my firm belief that, in nut growing, the North is but a few years behind the South, and that I wish to devote my resources and my energies to having a hand in a development which, I share with you the belief, is to be of inestimable benefit to the human race. We can picture the day when our dooryards, our roadsides, our fields and hills shall be shaded by grand nut trees, showering sustenance and wealth on our descendants, and all people, and bearing the names of their originators; when the housewife of the future shall send her wireless call to the grocer for a kilo of Hales' Papershells, the Rush, the Jones, the Pomeroy Persian walnuts, the Black Ben Deming butternut, the Craig Corean chestnut, the Morris Hybrid hickory, the Close black-walnut or the Littlepage pecan.

President Morris: It is a very timely paper. The number of promoters we find in connection with any subject furnishes an index of the fundamental value of the original proposition. The number of dishonest people, the number of fakirs that are now promoting development schemes in connection with the pecan indicates that down at the bottom somewhere, there is a real gold mine. We will go on to Mr. Roper's paper.