The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1910-03-17
JAMES !, HILL URGES CONSERVATION
CONDEMNS WASTE: HIGH PRICES

Conservation Convention today, IN
which he urged tho conservation Of
capital. con icmncd extravaganza. gave
the causes Of The increase in prices,
ana told how the situation described
by him might De rcmedicd
Great intorcs, was taken in the
speech of Mr.. Hil. who declared TINT
'w, are living In au age OF worldwide
financial lclirium": tha "ncNt after
the conservation of The land, us area,
use and fertility. must como the con
scvltiou Of national capital n tho
shape OF cash aud credit
Mr. Tin said Co.. part The inn
mnso increase of wealth all over the
world has greatly augmented the sup
ply ot capital The mobility OF this
capital. the ease boy which through ~
tclnational exchange il can be- made
20 satisfy need now In one country
and now I'm ano-hor, strengthens thr
impro ,Sion that it {, ineNhaustib.o
The addition of mrpuutcd billions to
the aggregate wealth Of the word
has simulated tho spirit OF mankind
lis availability has ullcd to sleep nat
anal prudence ana Guictod the alarm
> nom 'uts al sanity in the spcud-
thIiIt', liir The increase ol appar-
cut resources by au easy resort 10
borrowing. the mortgaging OF patr!-
for present extravaganza, TN" diver
sion of wealth from produ tive 10 nm
productive usos.-all these hayo gone
further than mos pcop'c realize
THE people Of tho United States
inherited from It's founders whole
/ some tradition against debt, whi,h Is
only now disappearing from the con
duct OF national affairs" Mr.. Hin said
/ the national deb, now tends 10 rise,
concealed under the polite fiction N
certificates or Indebtedness To CoNcr
treasury deficits IT." he continued,
"thc advocates of large bond issues
for all manner of informal improve
mcnts should carry their point, ii that
resource Is not definitely restricted To
the emergency of war. We viii be in
the condition OF Europe, where the
motto Of every chanccllory now seems
to he, After the dclugc.'
In our cities, modern extravaganza
finds it's most untrammolod express
sion. The total debt of the states in
cluding all minor civil divisions in
creased Sl3.92lti3, or l.2j per cent
between 1850 and 1890 between 1890
and 1902 It increased s727T7S, 1913. or
- per cent. Nearly threc-Quarters OF
a billion in twelve years. an avpra -e
of 500 0u0.000 year in tn, amount
borrowed 10y the people, ought 70
make and country stop and think,
Most OF .ie actual material develop
mont is privately financed and carries
its own bonded Indebtedness, which
the public finances cannot take into
account The figures down To 1910,
outside OF and iu addition to the nat
ional debt. would probably show an
increase OF q billion and quarter
To q billion and a half dollars tog the
last twenty years. and a grand total II
over two and "a quarter billion dollars;
aboU; lDu1lc what it was in 1890.
Debt figures, however, do not be-
Gin to tell the story OF our national
cNtraNdgaucc. only small par, oi
our esp, ldi,drt Is represented by debt
tables. The rest Is raised by increas'
ed taxation. know OF nothing bear.
Ing more directly or forcibly upon tho
subicc, If national waste ana the CON
scNarlon Of national resources tAaa
tho prufli-acy disclosed by our puH.
lie expense led-ors.
Although the great business eNpan.
sion ui this country began right after
the CNil War. the expenses Tor iN1p
were but four million dollars greater
than thos" of twenty years before.
Since 1880. these expenditures have
grown by $4,000, 900 ana each ni"c
years ON thc ayCraso, or $20,uoo,o0n
a year, until now they are l2li per
cent more than they We're eighteen
years ago Expressed I'm terms of p;
capita outgo. these charges, which are
only part Of the cost of maintaining
the federal -oycrnmeut, rose from 81,
- I'm 1850 20 $3.50 in 1900 and ~
s72G in 1906.
IT is always asserted, when tho
truth is told and demand for econ.
omy rs made, thar the development II
the country ana its increase OF wea't N
have been so great as both 10 require
and Justify enlarged outlay. The
answer to the charge OF a billion dol
lar session OF congress Is that this
has become billion dollar country.