The Hawaiian gazette., 1908-06-26

ton OF business genius to their prod
uts. without the railroads the coal
mines of the interior would be useless.
Without swift express trains the rich
fruit and vegetable gardens of the
South could not sell to other sections
their products. Without the ice
machine the great meat industry could
| not live and the cattle-grower could
not market his herds. without the
organization of great buying and SELL
! ing concerns the markets Of the mod
ern age could not exist over night.
IN the ninety years to come there is
no doubt but that the abuses of per-
sonal and equal rights on the part OF
the great business organizations will
be prevented and corrected. The evils
of the corporation will be extinguish-
ed in the benefits of cooperation. The
organizations will not be abolished.
~-ANE NAAA bC NANCAA0C0 " pldC-
tically the whole people. 1t will not
require ninety years for the example
of the truck growers of Eastern Virgil
mia, the beet growers of Iowa and the
fruit growers of Southern California
TO demonstrate to all farmers the value
of intelligent cooperation. The deeds
of violence of the Kentucky night rid
ers Will be forgot, but such organiza-
tons as the Tobacco Growers Protec-
tive Association will continue to exist.
The farmers of the country will get
their weather predictions and their
market quotations by telephone. or
perhaps by wireless ticker, every
morning. They will market their prod
uce at the point of consumption by
the instantaneous agency of electricity
They will control the wealth they
create themselves instead of letting it
be controlled for them. If this be
''agrarianism" it is none the less in
Dictated by the present actual cordi-
tons in widely separated parts OF the
union.
Such development of business organ
ization as this will not only mean
great creation of wealth but it will
mean also the more equitable distrib-
ution Of wealth. It is toward the solu-
ton Of the problem of distribution of
wealth that every effort of legislative
reform is now being directed. No
other political issue obtains recogni-
ton. Does anyone doubt the ability
of the American people in ninety years
TO solve any question which they seri-
ously and earnestly attack? Before
saying such things are impossible let
the pessimist put himself in the place
Of Albert Gallatin as Secretary Of the
Treasury ninety years ago. and then
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 a result
and necessary accompaniment 10 the
great increase of wealth which is
ahead of this nation, there will be rad
zeal changes in the money system. The
present circulation is not always suf-
hcient 20 meet the demands of BUSH
ness; witness the currency panic of
last October and the emergency chr
rency legislation in Congress. Yet. if
there We're no increase per capita. the
business Of the United States in the
year 1000, 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.
II is apparent that some readiust-
ment will be required before that day
comes. May 1t not be true that the /
recent financial difficulties and the
consequent industrial depression were
results of the need for enough of that 4
readjustment to fit the conditions Of 4
growth which are so rapidly going for
ward TO the goal predicted for ninety 4
years hence? That the goal will be
reached in twenty <ve years If the /
ratio of wealth O. the past ten years
is kept up?
The growth Of the business of the
American farmer. the great majority
Of the individual farmers still cling
ing 10 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
donary for ten years, the crops will
have so increased that every crop
moving period Will make the panic Of
asst October like Publication meet
ing.
But the financial system will not re-
main stationary. The wealth of the
country will continue TO increase. even