The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1917-05-29

w.sHINGToN, May 29.--Uncle
! etaneed at his trial balance on
r,I1. 1917, and cleaned the fol-
a. hrief statement of his condi-
pa:
,sse,s $500. 100000 plus
.hi,;t;es s1,023.357,250
: ether words, the total material
..ub Of the United States was in
.ass If two hundred billions of
l,ars some estimates placing it as
J. as two hundred and twenty-five
atoms The last official total was
ta,o when the figure was one
rnared eighty-seyen billions. On
Will 1917, our national debt was
lphtlv over billion. Uncle Sam s
nc as compared with his assets
|ere about as one to go.
nut the smile that decorated Uncle
sms face was not inspired entirely
tho statement of his comparative
ehits and credits. He looked at the
seord Of national income and saw
kst the tota. was forty billions Of
e,iars a year, or forty times his
tbts. He took out his pencil and
Made some comparisons. He found
Kat his national income had In
beasee more than SO per cent in the
q seven years, and more than lbs
h cent in the last seventeen years.
Continuing further with the in
Rpiorv. the old gentleman turned to
H. page devoted to foreign trade
IN discovered that this item for
|sl6 amounted to between seven and
Eght billions of dollars, or more than
kHble that OF the previous year. He
kered over at the page where IS
keorded the distribution of the
torld's gold supply, and discovered
Dat he possessed nearly three bill
Ions Of dollars of gold, OF one-third
4 the worlds total. He discovered
bat there were on deposit in banks
bid trust companies. OF his realm,
twenty-five billions
Il dollars, and that there was Dor
bVed from banks and trust com
knles, for commercial purposes,
bout eighteen billions of dollars.
In addition to keeping a good set
books on his own business, Uncle
hm also kept books on the affairs
his neigh bors. He made some IN
Presting comparisons and discovered
BAT the material wealth Of the
lnted States was greater than that
any two nations on earth. He
pund that it was as great as the to-
I combined wealth of Great Brit
ln' France, Russia and Italy. 1t
as more than double that of Eng
md four times that of France and
sht times that of Italy. His notes
'aieated that at the beginning of the
ar the total material wealth of Ger
any was eighty-five billions of dol
rs, and that of Great Britain eighty
liilons. Verify this giant OF the
Jest, contemplating these figures for
le first time. really became con-
1ous of his greatness.
Then Uncle Sam began to investi-
lte the debit accounts of his neigh
'fs. He found that since the be-
hnlng Of the war~-August /, 1914
-efeat Britain had borrowed in ex-
IS of nineteen billions OF dollars
men, added to the national debt
eFiously existing, made a total in
utedness in excess of twenty-five
liion dollars. and which, by the end !
1917, would approach thirty bill
n dollars.
lie discovered that since 1914.
ahce had borrowed approximately |
wen billion dollars, that Germany !
u borrowed fourteen billions, |
aeh added to its previous debt of |
: million two hundred million dol |
= made a new total, including ac- |
ieo interest, of approximately six
N billion dollars.
ne noted that since 1914 Russia !
: borrowed about eight billion
'ais' That Austria had borrowed |
excess OF six billions; Italy two
ohe-half billions and Hungary |
'ue TWO billion dollars.
ne computed chat by the end of
"teai Britain would have prac-
1'y ohe-third of her national
4''h mortgaged; that France
uia have easily one-fourth; aad /
y uefmany, the chief of the cen
poWefs, would soon have approx
''e'y one-fourth of its assets mort
led.
'o noted that Germany alone pas
""hual interest charge of ap-
!. $S$2.0oo.0o0. +
"'h Uncle Sam realized that IL