The Tupelo journal., 1907-07-19
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.

80
into economic subjects. According to
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 $12,-
6S6,265,673. During the year 1905
there was produced of manufactured
products $14, S02, 147,0S
The same authority gives the in
formation that the farm values of the
| United States reached the enormous
sum of $40, 514,0 DOL 1886, and to this,
which is the land value, must be add
ed $13,114,492, 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 1906
that the annual production of the
farms of the United States amounted
to $500. 900, 900. 1t will be seen
from this that while the value of
farms and improvements is very near
]y three times the amount invested in
manufactures, that the production Of
the farms annually is only about m
half of the value of the manufactured
products; but when it is taken into
consideration that the farm supplies
more than so per cent. of the articles
that enter into the manufactures, it
shows how important is the Amer
lean farmer.
Last year the wealth produced by
| a American farms WaC five timaS oppQt.
er than the value of gold and silver
produced in the United States for the
year. 1t is estimated that the gold
produced in the world since the dis
covery of America by Columbus up
to the present time is approximately
$11,36S, 000, 900. During the same pc
riod the production of the silver of
the world was $12,420, 600, 900. Thus
| it can be seen that about every four
years American farms bring wealth
into the world greater than all the
gold and silver that has been pro-
duced since Columbus time. The
wealth of the United States is now es-
timated at $112, 900, 900, 1000. American
farmers are adding to this wealth at
the rate of between $4,000, 900, 900 and
1000, 900, 900 yearly. The total wealth
of Great Britain and Ireland is placed
at $50, 200, 600, 900. At the present
wealth producing capacity of the
American farmer, in less than ten
years the wealth he produces would
aggregate more than the total wealth
of the great kingdom of Great Brit
ain and Ireland. The total wealth of
all of Italy is estimated at $4,000, 000,-
900. Every two years the American
farmers produce enough to buy the
kingdom of Italy, and every year
American farms produce wealth sui
Nsient to purchase all of Belgium.
Outside of the IL original states
in adding to it's possessions expended
$87, 039, 1853. This includes the Louis
lana purchase, the Mexican purchase,
Alaska, the Philippines and all United
States possessions, covering 2,037,613
square miles of territory. The corn
corp of the American farmers each
year is valued at 104 times the amount
that was necessary for the United
States to pay for all it's great posses
sions. The cotton crop alone for 1906
was seven times enough to reimburse
the United States for its expenditures
on account of the requirement of the
vast territories purchased. 1t is need
less to further make comparisons, the
American farmer is the great wealth
producer of the union. Upon his work
is based nearly all the manufacturing,
and it may be said nearly all the com
'merce.
While the farmer Is a great wealth
producer and is one of the most in
dependent of American laborers, he
has perhaps just reason for complaint
as to compensation received for his
efforts. While the results of his
labor has given employment to an
army of millions of workers, the
American farmer has also been sub
iect to the operations of combina-
tons that directly oppose his best in
terests. These are the great trusts
that control the marketing of what
the farms produce. None will deny
but that distributing agencies are
necessary, but when these agencies
become oppressive and make extor-
tiOnate charges for the handling of
the produce of farms, they become in
situations that are oppressive. But
the American farmer to a great extent
appears to be responsible for the
building up Of such combinations. In
his prosperity he has ignored simple
principles recognized in business and
which are important to him. Presi-
dent Mckinley in n of his addresses
made the statement that to locate the
factory near the farm means the
greatest economy and the highest
prices for farm produce; in other
words, the factory makes the home
market. Fer years farmers in the az
%'icultural sections of the United
| States have not alone contributed to-
ward the support Of the stock gam
blers and the managers of the trusts,
but have assisted in making possible
the building w of mammoth aggrega-
tons of capital in great financial CEN
ters, and this capital has been used in
the ~furtherance of combinations that
have made it possible to dictate to
the farmer what prices he must take
for all that he has to sell.
The farmers should understand that
money sent from districts to the large
cities mean the concentration Of
wealth in these cities and greater