Daily capital journal. (Salem, Oregon) 1903-1919, 1905-11-11
AMERICAS
GREAT
WEALTH
Double That of Any Nation In
the World and Still
Growing

little more than s7,OOO,OOO,OOO. AZ
the present time IL is placed at $llO,.
OOO,OO0,OOO. During this half century
the population Of the country multi.
Piled by less than three and one-half
while the wealth multiplied by little
more than thirteen. During this per.
iod every persons share in the total
wealth was multiplied by four.
The census Of ffty years ago showed
that the United States in point Of
wealth stood below half a dozen ma.
tions Of the old world. Today all
those nations have been entirely out
distanced.
Q. NJ. Hoevey gives some startling
figures. lie saysi "Although the
United States comprised only 8 per
cent Of the worlds population Il pro.
duced, according to the last census
% per cent Of tho worlds wheat, 30
per cent Of its gold, 80 per cent Of les
coal, 30 per cent Of its silver, "a per
cent Of its manufactures, 30 per cent
Of its iron, 30 per cent Of its cattle,
80 per cent Of its petroleum, "a per
cent Of its copper, 20 per cent Of he
cotton. and 81 per cent Of its corn.
"Though tho United States has only
a twentieth Of thc worlds inhabitants
Il has a fifth Of the worlds stock Of
money and a fourth Of its gold coin
and bullion. Tho United States has
two.thirds - ti4,0O0,000,00 600 Of tho
worlds banking power capital, eur.
plus, deposits and circulation. Between
1890 and 1904 tho banking strength ~
tho world grew io5 per cent, and that
Of New York city 100 per cent
"Tho farmers and planters of tho
country received last year moro than
t6,oo0,0O0 for their products. This
equals the wealth Of tho entire eoun.
try In is45. The product Of tho coun,
try's mines for 1904 amounted 10 ai,,
5o0,00o,o00. The United States has a
third Of all tho money deposited In tho
savings hanks NJ the world Al the Ia.
ginning Of 1905 there were In tho Unit,
Cd states $4,000 miles Of railroad, a.
eompared with 400 600 miles "a, tbs
entire world outside. The railroads
earned $4,000, ,OO0,O 900 In 1904 and have
In their employ 500 600 persons
"Compared with the prlnelnsl eonn.
tries OF the world the United states
ranks hlgh. Hero are the relative ma.
sltlons,
United States AIN ooo ooo 400
United Kingdom. IS 600 OOOoOOI
France. $500. go 600 600 600
Germany. . 49,. A OOo GOO oOOI
Russia. 49,. .... ..... 95 600 600 oOO
ustria.Huneav 40 GOO Ooo ooo
Italy..... 49, 49,. ls OOO 600 ooo
SPAIN. ... ..... leOOO 600 600
Now. while these phenomenal fignres
are for the United states. one must No,
forget that vast wealth is awaitins
workmen in Canada Mexieo Csnt,,l
and South America. How vast il AMI
is can hardly be considered To ssy
that il is fully four or five times thai
OF the United States is "a paint the
possibilities Of the continent /, ssfs
il not modest eolors
The woods Of the continent. fo,es,s
range from scrub nine 10 the ,ieb ana
rare woods OF the world-msbogauiss
ebonies and rosewoods. Their names
alone would require columns often
wonder if the wealth in American
mines is as great As that in Amsri.sn
forests, One fact is certain. the nine.
one day will cease TO yiela Will tbo
forests may be made 10 increase thsi,
output. The farms. fertile beyon5