The Meridian times. (Meridian, Idaho) 1909-1938, 1921-12-23

III
MAGNITUDE OF BILLIONS

n =
ton Of what one billion dollars really
is We speak Familiarity Of billions as
commonplace, but most Of us live
our lives in terms of hundreds.
| have shown you that every one
Of us, man, woman and child, in this
country, paid last year $53.77 each
toward the support of the government.
OF course, every person does not pay
exactly S53.7T. A great many pay
more and some pay less; but those
who pay the most try to take it out
Of those who pay the least by increas-
ing the prices of what they have to
sell, or of services rendered or work
performed, so that 1t averages out at
S53.77. Some pay more than their
share, others pay less. This is called
an incident of taxation. The whole
point is that we all pay; that we pay
now more than we ever paid before !;
and there is no present prospect of our
paying less for some years.
In this way we have all paid our
share in the World war. The net cost
Of that enterprise to date has been
S24,100,000,000, or, including our loans
to foreign governments, which have
not been repaid, s33, 455 100000. These
are official treasury figures. Do not
let your eyes run over them lightly.
Thirty-three billion four hundred and
tifty-five million dollars is an almost
incomprehensible sum. The cost of
running the national government is
now around S5,000,00O,O00 year. The
experts say that for the next two or
three years the cost of the government
will not descend below about $4,000
100000 year.
want you clearly to understand the
immensely, the magnitude, the over
whelming size of such sums. We
chatter about billions nowadays with
out in the least knowing what is a
billion. Let me try to bring 1t home
to you. 1t is now, roughly speaking,
1920 years since the birth of Christ.
We do not know precisely and accu-
rately at what hour and on what day
Christ was born. But under the Gre
gorian calendar, according to which
we now reckon time, we have a
record of the days since January first
of the year one, Ammo Domini. From
the beginning of the year one to JAM
uary 1, 1921, there elapsed about 701,-
267 days, or, to reduce 1t further,
16,S30,40S hours, which being reduced
again, means zoos, S24,4S0 minutes.
will ask you to remember that the
whole history of the modern world
from the first second of the year one
to the last second of the. year 1920
has been compressed into 1,009, S24, 4S0
minutes.
Now let US suppose that with the
permission of the Roman authorities
the United States had established a
disbursing officer at Jerusalem on the
first day Of the year one with instruc-
lions to pay out So minute day and
night, Sundays and holidays included,
right down through the centuries to
New Years day, 1921.
Suppose he had been given $685.
005,706 to start him on his long spell
of spending. That is one estimate OF
the sum that 1t cost to run this gov
eminent In 1920. On the morning of
January 1, 1921, this mythical dlsburs-
Ing officer, giving money away at the
rate of IS minute, would have spent
only S5,049, 122, 400, and would still
be one of the richest men in the
world. for he would have left on
hand $3.50, sS3,306 Of the original sum.
Paying out at the rate of SIS minute
for more than 1900 years, he would
not have kept pace with the cost OF
upkeep of this government for the one
single year 1920.
Suppose this imaginary government
spender had been authorized to pay
out at the rate of S23 a minute through
the centuries. He would not have
finished, on January 1, 1921, paying
for our share Of the cost Of the World
war by some $7s4,0S6,e60. He would
have that much left over after paying
out 500 225, 963, 040. He would have been
paying out nearly 40 cents every sec
ond the clock licked for more than ID
centuries without being able to dis
charge our share of the World war
cost.
Do you ever bother your head about
these bushels and bushels of dollars
that you contribute to the support OF
the government? You earned them.
You know whether they came easily or
not Do you know where they go
after they leave you, how they are
spent, whether wisely or foolishlyf
It's all your money, contributed for the
proper and economic conduct OF your
business. There Is no such thing as
government money. The government
never earned cent.
You own the government and you
support 1t, and 1t is merely admins
tered by men of your selection