The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1908-06-21

attempt to look forward to conditions
of today.
Equal distribution will never be real
lied. THE poor We have with We
Away" But that a more sensible and
economic distribution is possible can
not be doubted by those who have
faith in the human race. AS result
and a necessary accompaniment to the
great increase of wealth which is
ahead of this nation, there will be rad
icai changes in the money system The
present circulation is not always suf-
ficient to meet the demands of BUSH
ness; witness the currency panic of
last October and the emergency cur
rency legislation in Congress. Yet, if
there were no increase per capita, the
business of the United States in the
year 2000 if conducted on lines now
in vogue, would require more actual
money than now exists in the whole
world. The requirements would be far
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 twelve billion dollars.
1t is apparent that some readjust-
ment will be required before that day
comes. May it not be true that the
recent financial difficulties and the
consequent industrial depression We're
results of the need for enough of that
readjustment to fit the conditions of
growth which are so rapidly going for
ward to the goal predicted for ninety
years hence? That the goal will be
reached in twenty-five years if the
ratio of wealth of the past ten years
is kept up? Doesn't it seem to you
that our troubles are merely growing
pains?
The growth of the business of the
American farmer, the great majority
of the individual farmers still cling
ing to methods of the past. has been
such that the annual moving of the
crops is sufficient TO shake our finan-
cial institutions to their foundation
stones even in good years. The crops
are being increased. More is being
raised to one acre and there are more
acres each year than there were the
year before If the financial system
and the currency supply remain sta
tionary for ten years, the crops will
moving period will make the panic Of
last October like Publication meet
ing.
But the financial system will not re-
main stationary. The wealth of the
country viii continue to increase. even
if it does not go forward by such
tremendous leaps and bounds as it has
taken in the past ten years. There
n
new system the growth viii go on until
another suit of clothes is required.
As A reimbursement of financial con-
ditions and business organizations is
inevitable some time within the next
ninety years. it is to be doubted if
there viii be many men in the year
1000 who can cap the fortunes OF the
great money kings Of today. The ten
dency of the time argues, rather, that
the wealth will be much greater and
much more equitably distributed. Al
though there will be the very rich and
the very poor. as it was in the begin
ming. is now and ever shall be. the
application of present changing condi-
tions to the future indicates that there
will be a vastly greater number in
the WELT TODD" class.
Rich enough now TO buy out the
United Kingdom. France and Italy,
the United states viii outstrip all the
nations in the work of creating and
conserving wealth during the rest Of
this century The Americans have the
advantage Of natural resources. Of
plenty of room. and OF the national
trait of contempt for precedent when
occasion demands the invention Of
something new.