Harding of Allenwood by Harold Bindloss

As the spring advanced, business men in Winnipeg and the new western towns began to feel an increasing financial pressure. Money was tight, and the price of wheat, upon which the prosperity of the country depended, steadily fell. It was the beginning of a sharp set-back, a characteristic feature of the sanguine West, during which all overdrafts on the natural resources of the prairie must be met. The resources are large, but their development is slow, depending, as it does, upon the patient labor of the men who drive the plow, while those who live upon the farmer are eager to get rich.

The tide of industrial progress is often irregular. There are pauses of varying length, and sometimes recoils, when reckless traders find their ventures stranded and in danger of being wrecked before the next impulse of the flood can float them on. They borrow and buy too freely; trafficking produce not yet grown; building stores and offices in excess of the country's needs. A time comes when this is apparent, speculation ceases, credit fails, and the new cities must wait until expanding agriculture overtakes them. In the meanwhile, the fulfilment of obligations is demanded and, as often happens, cannot be made.