The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1907-08-24
OUR WEALTH. MAKERS
AMERICAN FARMERS LEADERS
IN ENRICHMENT OF NATION.
DOLLARS BY THE BILLIONS
Annual Value Of Farm Products IN
the United States Greater Than
the Output Of the Worlds
Mines.

STATISTICS SdlueiSo w INV 1
States census bureau AFFORD INTEREST
ING studies to those who care to delve
into economic subjects. According 10
the government reports issued cover
ing the years up to 1905. the total
amount of capital invested In manu-
featuring In the United States Is Slz.-
6s6 265.673. During the year lsoo
there was produced OF manufactures
products $14,S02, 147.0s7.
The same authority gives the IN
formation that the farm values OF the
limited States reached the enormous
sum of $20.514,001,SS6. and TO tnis'
which is the land value, must be add
ed s13.114.492,056 which represents
farm improvements. 1t Is needless
To give the value Of miscellaneous
stocks. ETC.. but 1t is sufficient to say
that during the years 1905 and 1910
tnat the annual production OF the
farms of the United States amounted
to $1,000, 100000. 1t will be seen
| from this that while the value OF
| farms and improvements is very near
" three times the amount investeu ~
| manufactures, that the production Oh
| the farms annually is only about one
half of the value of the manufactured
nroducts: but when 1t is taken into
consideration that the farm supplies
more than SO per cent OF the arucies
that enter into the manufactures, IL
shows how important IL the Amer
lean farmer.
Last year the wealth produced Dy
American farms was five times great
! Ar than the value of gold and silver
, produced In the United States for the
i YEAR. It is estimated that the gold
[ produced in the world since the dis-
> coyery of America by Columbus up
r to the present time is approximately
( s1l,36S, 000, 900. During the same pc.
g Rod the production Of the silver OF
4 the world was s12, APO, 100000. Thus
n n can be seen that about every foul
!. years American farms bring wealth
into the world greater than all tns
g gold and silver that has been pro
duced since Columbus time INT
wealth of the United States Is now es
timated at SIP. 600, 100000. America
farmers are adding to this wealth.
~ the rate of between $4,000, 900, 600 an
1000. O00, 900 yearly. The total wealth
Of Great Britain and Ireland is place
q At $50 200 o0O.0 900. At the presen
4. wealth producing capacity OF IN
NJ American farmer, in less than te
m wears the wealth he produces woui
IN aggregate more than the total wear.
lie Of the great kingdom Of Great BIZ
,r- ain and Ireland The total wealth
An al, of Italy is estimated at $13,OO0,0O'
no 600. Every two years the America
20 farmers produce enough to buy u
no kingdom of Italy. and every ye'
be American farms produce wealth 81
IN acient to purchase all of Belgium
tin Outside of the 13 original stat
so In adding to its possessions expend
nh sg7 O3s. 1853. This includes the Lou
re. lana purchase, the Mexican purcna:
nv Alaska. the Philippines and all Unit
ia States possessions, covering 2,OsLo
cd. souare miles of territory. The CO
tto corn of the American farmers ca
oft' wear IA valued at 104 times the amor
md that was necessary for the UNI
Al. States to pay for all its great poss
e.e sions. The cotton crop alone for Il
IN was seven times enough to reimDu
,,. the limited States for it's expenditu
on account of the requirement OF
vast territories purchased. 1t Is ne
less to further make comparisons,
-, American farmer is the great wes
On producer of the union. Upon MS )"
80. IA based nearly all the manufacture
,,,re and it may be said nearly all the G
has merce.
.tir While the farmer is great wet
relv producer and is one OF the most
.eful dependent of American laborers,
,or,a has perhaps Just reason for compl
q so as to compensation received lot
nos. EFFORTS. While the results OF
and labor has given employment to
that army of millions of workers,
olds American farmer has also been
sum. iect to the operations OF CONT
~ to tons that directly oppose his Des
tbas' terests. These are the great IT
,s of that control the marketing OF
that the farms produce. None VIII
chest but that distributing agencies
.ectlv necessary, but when these ager
become oppressive and make e
tomato charges for the handlin
the produce of farms, they becom
,suve stitutions that are oppressive.
II the the American farmer 10 srea. e
me is appears to be responsible for
d and building up Of such combinations
eli OBJ his prosperity he has ignored 81
. says principles recognized in business
efully which are important to him.
seine dent Mckinley In one OF MS auu,
and q made the statement tnat " ioca'
inc Is factory near the farm meane