The Caucasian. (Clinton, N.C.) 188?-1913, 1908-01-02
A NATION OF PROSPERITY.
Immense Values Of Natural Re-
sources and Manufactured Pro-


A14uSu6o Vd4uSS VI NaS0 ~ 6S
sources and Manufactured Pro-
ducts.
American Industries for December
LIST, is largely devoted to papers on
the Fundamental prosperity OF the
United States, among the contributors
being Henry Clews, George ]. Gould,
E. H. Gary, ]. J. Hill, Joseph G. Can
non, Hon. James Bryce, Thomas L.
James Lucius futile, James Tiara
han, J. Fl. Webster, James Mclean,
Leslie NJ. Shaw, Andrew Carnegie,
George T. Oliver, Frank Seaman,
Theodore P. Shonts, Samuel S. Den
mis-, Theodore Armstrong, William II.
Truesdale, Charles A. Schieren, Jr.,
John F. Wallace and George H Bar
bour. It is symposium Of prosper
ity and a return of business conf
dence. In an interesting summary, the
a whole are the richest on earth.
Their visible assets exceed $1,000, 600
100000. This valuation does not in
clude our lands nor the estimated val
uatiOns Of our mines and standing
timber. As comparison it may be
pointed out that Great Britain's visi-
BILE assets are $500, 100000. Each
revolution Of the globe sees US richer
by the sum Of S10,500,00G. Our in
crease in riches In each two months
is somthing IN excess Of the aggregate
banking capital Of all the banks in
Great Britain and Ireland. In each
ten days we roll up national gain IN
riches that is the equivalent Of the
capital and the reserve Of the Bank
Of England. We have $4,000 900
workers who earn S14,000,000,000
during a year, which does not include
dividends on any form of stock or
incomes from bank deposits. If the
total wealth of the United States
were divided into per capita allot-
ments it would figure at $1,768. All
the riches Of our milIionaires in the
aggregate pale into insignifcance
when contrasted with the people 3
money in our savings banks, which
contain seven times as much money
as is held on account Of all the crown
ed heads and nobility of Europe and
Asia. We possess one-ffth of the
worlds money though our country
has but one-sixth Of the worlds popu-
lation and only one-seventh per cent
of its area.
The industries Of this country which
consume agricultural products as the
principal materials employ 81 per
cent Of all persons engaged in manu-
featuring and the capital Of those in
dustries is 42.5 per cent of the capital
of all manufacturing plants. The val
ne Of the capital invested in our rail-
roads is almost $14,000,0 100000. The
total length of the roads is 226000
miles of double and single track lines.
Adding sidings and trackage in rail
road yards, the total line of tracks
measures $4,000 miles. The annual
passenger traffic is 700,000,000, the
yearly haula9e of freight is 1,650,00C
tons. To operate this service 1867, 600
freight, $4,000 passenger cars and 56,-
600 locomotives are required. The an
nual upkeep of these roads costs
$300,000,000, and they consume the
larger part of the output of our stee
mills. In freight carriage there has
been a gain Of 48,000,000 tons be,
tween 1902 and 1907 This gain is
100000 more than the total tonnage
of freight carried by all our railroads
in 1880.
The conclusion arrived at from A:
review of these simple statistics il
that beyond doubt this country is mo-
only increasingly prosperous rs TIT
years pass, but prosperous to a mar
velous degree at the present hour
Charlotte Evening Chronicle