The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1907-01-15
WEALTH OF
UNITED STATES
OUR ooVER ERNmENr ABSORBING
WORLD SUPPLY OF GOLD.
RICHEST COUNTRY IN HISTORY
richest county in history &c. .....
In All Lines Americans Excel the
World-John D. Rockefeller's In.
come Greater Than Any Mon.
arch in History.

Washington, Jan. 1.-THE United
States is fast absorbing the gold of
the world. Our stock of gold has in
creased SS7G,OOO.OOO in the last ten
years. OF this amount S72iOOO,OOD
came from our own mines. but we
drew from the rest Of the world $152..
600 Of its gold. In the same ten years
our excess Of exports over our i'm
ports amounted to $514S,24j.OO0. Had
the world paid for all this excess of
exports without any return, the world.
outside Of the United States, would
have been made bankrupt and all It's
markets paralyzcd But we send to
England and Europe great sums OF
gold OF which no record Is made, or
can be made accurately, in the way
of what American tourists spend
abroad (and this is a vast SUM, in in
torost and for the redemption Of Amer.
lean securities held abroad. and
trcightagc TO foreign ships for carry
ing American products. All these sums
go to Offset. in part. the enormous
/ drain we would otherwise make on
the gold reserve Of other countries. It
Is estimated that American tourists.
interest on American securities. and
/ frcightagc to foreign ship owners
have taken back to foreign countries
the enormous sum Of $4,000, 600. 600 in
ten years.
Our country has more actual money.
more gold, a larger volume of exports
greater banking facilities, richer
/ farms, more productive mines, more
railroads. more internal commerce.
more millionaires, more well-to-do
tradesmen, more Independent farmers.
more highly.paid laborers and a great
er distribution of the luxuries which
riches bring than any other nation has
ever enjoyed since time began.
Oen day last October Uncle Sam
had gathered into his money store.
house I'm Washington the greatest
amount of gold ever collected at one
place in the history Of the world-guld
representing SS71 ,S93,S99 This was in.
deed a high.water mark eW had there
in one little room more gold than was
in circulation in Great Britain, that
purse.proud mistress Of the seas who
boasts much Of the sun never setting
on her domains. What thoughts this
statement must have raised in the
mind Of the self-opinionated Britisher,
The largest receipt ever given, the
greatest money trust ever undertaken,
In history, was when the present treas
urer of the United States, Charles II.
Treat. went into office. He reccipted
to Ellis II. Roberts, the retiring treas
urer, for all the money and securities
in the vaults Of the treasury, total OF
S1,259,59S ,27S.7S. 1t required from July
l to Sept. 8 to count the money, and
at the completion of the task the ac.
counts bslanced to a fraction.
rhe costliost governmental estab-
lishment in the world is the British
navy, upon which a billion and half
dollars have been expended within the
last ten years, yet three individual
Americans, Rockefeller, Carnegie and
Clark, could have paid the whole bill
and still have some pocket money
left The United States is now spend
ing about hundred million dollars
year on its navy, and we are new at
this kind Of expenditure. The eXtrav-
aganco Of it so.callcd, has been the
subject Of much oratory. That we are
not investing more than We can afford
is shown by the fact that our display.
loving women spend a hundred mil
lion dollars nor diamonds purchased I'm
foreign lands in the past two years. In
fact, we are so rich that the sales OF
produce and manufactured articles
that we are sending abroad each year
Is equal to sum sufficient TO support
all the nayies in the world.
When it comes to individual wealth, /.
we have a dozen citizens who are worth .
more than all the kings and rulers OF .
the world, taken collectively or sever. .
ally The car Of Russia is reputed TO .
have a greater income than any other .
living man but his private fortune is
so mixed up with the governments
revenues that It is impossible to sepa-
rate them. II distinction could he
made, our pious citizen, John. D,
Rockefeller, could undoubtedly make
n comparison with the weak.spined
Nicholas and show the biggest pilo.
The Russian monarch's wealth is the
accumulation Of an empire, centuries
old in the making, while the Ohio oil
can remember when he had
nothing