The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1916-01-04
No NATION SO
RICH In GOLD
UNITED STATES LEADS ALL IN THO,
YELLOW METAL.
Enormous Increase in This countrys
wealth Since the beginning of
1915.
5pecial Dispatch d the InteliEencer.

OF course no comprehensive figures
available showing what the total is, but
isolated facts are at hand which indl-
cate clearly the great addition 10 the
nations wealth in the year 1916.
For Instance the value Of farm pro
uuots alone was almost S6OO.OOO.O 900
greater than In 1914. This years prin-
cipal farm crops. on the basis OF Decem-
Der prices. Will reach the enormous to-
TAI OF SO,S6H.443,OOO. This compares
with s4.sI4.627.ooo in 1914. s4.966.4sI.oO 900
in 1913 and S4.75747s.OOo in 1912.
In mining also IL was n year of activ-
ity which I'm many respects never before
mas been equaled. Not only was the ton
In other years. but the high prices made
an Impressive increase in the total
value.
This increase in value OF output over
1914 ran as high as 81 per cent. in Mon
tana and 60 percent. in New Mexico. In
the six principal metal mining states the
increases amounted to more than slI5,-
100000.
Greatest STOCK OF cold
The Treasury Department affords evil
oence OF the expansion IN the country's
wealth. Perhaps the most Impressive ev-
idence is the increase in the stock OF
gold. which now Is as large a. the COM
bined stocks OF any two nations OF the
world at any previous time In history.
Secretary Of the Treasury McAdoo has
I'll kAAa AE4L4IE OF N LNNA
tion as follows:
The unprecedented situation In Eu-
rope rapidly changed the United States
from a debtor 10 a creditor nation. Al
though the panicky condition OF the for
eign exchange market caused large ex-
ports Of gold to belligerent countries in
September. November. December. 1914.
and January. 1915. the balance OF trade
began early in the present calendar year
10 favor the Omitted States. and increased
until In November It amounted TO more
than $780, 900. 900. Our stock OF gold
coin and bullion increased from SI.SOB.-
S76.5SO on January ?. 1915. 70 s2.1ss.-
llS.sS2 on November l. 1915. by far the
largest amount OF this precious metal
ever held by any one country.
The Indications at the time Of writing
were that our gold supply would be
greatly augmented In tho immediate fu-
ture shipments from Great Britain.
South Africa. Canada and Australia. Ii
Is interesting to note that the production
OF our own mines. including those in
Alaska. for the calendar year 1914 to-
tailed S94.53l. 500. an increase OF S5.sf7.-
400 over tho year 1913. and that the pro-
duction in South African mines was
Slss.3s7.7O7. which Is within a few mil
lion Of the production OF 1912 s2Os.-
s54.346) and OF 1913 G2O4.16f.25o.) the
record for hat country"
The increased deposits OF the natiorH,
banks furnish further evidence OF the
way in which the nation's wealth has IN
creased in the past year. The abstract
81 reports OF condition OF the national
banks or the country made public by
Comptroller Of the Currency John Skel-
ton Williams on September 2 show that
between September ~. 1914, and Sep
TENDER ?. 1915. there was n net Increase
In deposits OF i525.762.564 The increase
IN time deposits was t7Os.13s.sSO. but
this was partly offset by a falling of OF
demand deposits. largely IN the New
York banks. % the extent OF 22TO.37B.2is.
Increase s7s3,5so,s34.
The total resources Of the national
banks were increased by S7sa5CO .g34.
Another index OF the extent TO which
the c0untry's wealth has been enlarged
f. found In The volume Of money in cir
culatiOn- The total money in circulation
December =. 1915. was SG.s5g.0CN.9sr. a..
Increase u f22s.sf2e5e over the sum loo
circulation On December /. 1914 The
circulation per capita increased from
$3.50 20 f3sof In the period noted
- further evidence OF the impressive
addition 10 the national wealth in the
year 1915 IS cited tho large amount oc
American securities that have been
taken back from Europe. Bankers have
estimated that IN the lat yftr tho
American market received and absorbed
foreign hold securities 90 tlr amount or
about $500 000. 900. or cIur.a. fII. has
been made possible largely By reason az
tho enormous favorable trade balance
which his country has rolled up boz the
last year
In me Twelve months ended with vo-
rmhrr .H Tho export. rH.. lp f.r nos
Lowell nf ff.ftl. rTl. .nH. ag compared with
t-Iof187.0o0 in 1915 and f2.s0i. Iss. 900
two years nrn.
Tho export Pol ,r.e rar in favor Of the
aces orc year ago and
.fIz.0O0 In 1913