The Brunswick news., 1916-05-05

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around condition today than ever be
fore In its history.
An analysis Of the latest census
returns indicates that the value of the
total output of manufactured goods in
the United States for the year 1914
aggregated about Twenty Billion Dol
lars in 1900.
"It is claimed and undoubtedly with
good reason, that this manufacturing
output Is greater now than that Of
any other country In the world. No
other manufacturing country takes
periodical census returns, but there
can be no question that the present
manufacturing output of the United
States is head and shoulders above
that OF any other country"
These figures show conclusively
that the United States has made rapid
strides during the past few years and
has finally taken its place in the first
rank with other great nations of the
world. 1t is interesting to note that
confidence has been completely re-
stored in this country. The number of
stockholders in railroad and industrial
concerns continues to increase from
year to year until now there are more
than 600, 900 stockholders in railroads
and nearly million interested in 9th
eF industrial ventures. Pennsylvania
railroad leads with the largest num-
ber of stockholders, 93.634-more than
double Atchison, which comes second
with 43,522. Baltimore e. Ohio, Union
Pacific and Southern Pacific all have
over 10000 stockholders, while New
Haven. New York Central and Great
Northern have over $4,000 each.
Among industrials, the United
States Steel corporation is easily first,
its stockholders numbering S5, ,7S5 for
the Preferred stock and 81 ,169 for the
Common stock, a total of 1876, ,954
stockholders. The American TeIe-
phone and Telegraph company makes
"a good second, with 64,79O stockhold-
'ers. Among other industrials with
over 10000 stockholders are American
Sugar, Swift & company, Western
Union. United States Rubber. Gener-
al Electric, American Smelling and
Refining, American Car & Foundry
aud United Gas improvement.
Certain economists have been doing
great deal OF figuring regarding how
the enormous debts being accumulat-
cd In Europe are to be paid off, while
those not so rash content themselves
with figuring how the interest is to
be met, says the letter. Millions have
become billions with such rapidity
that the mind can scarcely grasp what
has been going on, and how the prob.
lem is to be solved is something that
appears to BATTLE everyone. Many
seem to think that the Weather peo-
pie will migrate to escape the over
whelming burden of taxation, while
Ieshers predict wholesale reputation
Though, OF course, no man can safely
take upon himself to forecast the fu.
ture. it Is certain that confiscatory
taxation Is the only way out. A sweep
Ing reduction of. armament, both ma
val and military. would provide saw
ng tnat would enable every nation
involved to pay the interest on its
debt without increasing taxation to
any anprcciable extent and perhaps
this will be found to be the most prac,
teal way out of the trouble.
| As forecaster of events Wall
street has long been known as the
most accurate prophet in the coun
try. The reason for this is undoubted
ly the fact that whore so much money
s involved sentiment and prejudice
arc never allowed to interfere with the
conclusions drawn from the trend OF
current events. At the present time
| he course oil the market is based
upon three fundamental beliefs which
IRE worh recording and considering
| whether or not they may be accepted
as reasonable, They are very inter
sting. as indicating the workings Of
Wall streets mind but, of course. art