The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-06-05
When America is Grown
..WEALTEI...


be, prevented and corrected The
evils OF tho corporation will be ca-
tingnishhed in the benefits OF co-opera-
ton. The organizations will not ba
apo!lshed. they Will be extended to in
Guide practically the whole people. II
VIII not require ninety years for tho
example OF the truck growers OF Easl-
ern virginia, the beet growers OF IoSa
California to demonstrate to all farm
crs the value OF Intelligent co-opera-
ton The deeds Of violence OF the
kentucky night riders wilt be for
got, but such organizations as the To-
VIII continue to exist. The farmers OF
the country will get their weather pre-
dictions and their market quotations
by telephone. or perhaps by wireless
ket their produce at the point of con-
sumption by the instantaneous agency
of electricity They will control tho
wealth they create themselves insteai
this be "asrarianism" 1t is none the
less indicated By the present actual
conditions in widely separated parts
OF the Union.
>. S nTsa, developnent or business or
Hanization as this Will not only mean
great creation OF wealth. but it will
mean also the more equitable dis
tritn.ion of wealth. 1t is toward the
solution OF the problem OF distribution
Of wealth that every effort of lcgis-
lative reform Is now being directed
No other political issue obtains recog-
milton. Does any one doubt the abiIi,y
or the American people in ninety years
TO solve any question which they Sc
rlously and earnestly attack? Before
saving such things are impossible let
the pessimist put himself in the place
OF Albert Gallatin as Secretary OF the
treasury pinety years ago. and then
attempt to look forward to condi-
tons of to-day.
Equal distribution will never be
realized. The poor We have with sc
always" But that more sensible
and economic distribution Is possible
cannot be doubted by those who have
and necessary accompaniment to the
great increase OF wealth which is
ahead of this nation. there Will be radi
cal changes in the money system. The
ficient to meet the demands of bust
ness, witness the currency panic OF
last October and the emergency cur
rency Legislation in Congress. Yet il
business OF the United States in the
year 1000, IL conducted on lines now in
vogue, would require more actual
money than now exists IN the whole
world. The requirements would be for
more than twice as much gold money
as Is now in existence. On the basis
Of the present per capita the stock Of
money in the country In 1000 would
be $4,000, 100000.
1t Is apparent that some readjust-
ment Will be required before that day
comes. May 1t not be true that the re-
cent financial difficulties and the conse-
Iduent industrial depression We're re-
| suits of the need for enough of that
reimbursement to fit the conditions oil
growth which are so rapidly going
forward to the goal predicted for nine
ty years hence The goal will be
reached in twenty-five years Ii the RAJ
increase Is kept up. Doesn't ii seem to
You that our troubles are merely grow
| ing pains?
| The growth of the business OF the
the individual farmers still clinging
| to methods Of the past. has been such
mat the annual moving of the crops
us sufficient to shake our financial in
sLtutions to their foundation stones
even in good years. The crops are
being increased. More Is being raised
| on one acre and there are more acres
each year than there were the year
/ before. If the financial system and
the currency supply remain stationary
for ten years the crops will have so IN
creased that every crop-moving periof
viii make the panic OF last October
look like a jollihcation meeting.
! !. But the financial system will not re-
/
country will continue to increase, even
1 If it does not go forward by such tre-
lnendous leaps and bounds as 1t has
taken in the past ten years. There will
be a reimbursement and under that new
system the growth will go on until
another suit OF clothes is required.
! AS a REIMBURSEMENT of financial con-
! Editions and business organizations Is
Inevitable some time within the next
i ninety years, 1t is to be doubted IL
there Will be many men in tho year
1000 who can cap the fortunes OF tho
great money kings of to-day. The
tendency of the time argues rather.
that the wealth Will be much greater
l Although there will be the very rich
j and the very poor, as 1t was in the
/ beginning, Is now ana ever shall be.
i the application of present changing
j conditions to the future indicates that
there will be vastly greater number
i in tho t'well-to-do" class.
i Rich enough now to buy out the
4 United Kingdom France and italy, the
Il United States will outstrip NIL the ma
\ ttons in the work Of creating and con-
Serving wealth during the.irest OF this
4 century. Tho Americans have the adj
,|yantage of natural resources. of plen-
of contempt for precedent when occa-
i sion demands the invention OF some-
;lthing new.
lcopyright, 1908, by Frederic j. Has
To-morrow--yvhen America Is
I OBSERVATION-DISCLOSURES RI
n 80, who y,oya