The Elk Mountain pilot., 1921-12-29
Copyright. Western Newspaper Union
MAGNITUDE OF BILLIONS

.MAGNlIODE Or BILLIONS
l have been throwing the incredible
figures at your head. Neither you nor
anybody else has the faintest concep-
tion of what one billion dollars really
is. We speak familiarly of billions as
a 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 $53.77. 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 it 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
of that enterprise to date has been
S24,100,000.0 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
fifty-five million dollars is an almost
incomprehensible sum. The cost of
running the national government is
now around $4,000, 100000 a 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 a year.
l want you clearly to understand the
immensity, 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 jan
uary l, 1921, there elapsed about 7O1,-
26T days, or to reduce 1t further,
16,S30,40S hours, which being reduced
again. means 1,009, ,S24, ,4SO 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,OO9, ,S24, ,4sO
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-
tions 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 S56s6-
OOo,I06 to start him on his long spell
of spending. That is one estimate of
the sum that it cost to run this gov
ernment in 1920. On the morning of
January ], 1921, this mythical disburs-
ing officer giving money away at the
rate of 81 minute, would have spent
only 5000, ,122 400. and would still
be one of the richest men in the
world, for he would have left on
hand S636,SS3,306 of the original sum.
Paying out at the rate of So 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 SOB 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 S7S4,036,960 He would
have that much left over after paying
out 1926, ,963 ,040 He would have been
paying out nearly 40 cents every sec
ond the clock licked for more than 10
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
srent, whether wisely or foolishly?
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 a cent.
You own the government and you
support II. and IL Is merely adminis-