Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1922-01-04
MAGNITUDE OF BILLIONS


V.
MAGNITUDE OF BILLIONS
l lave been throwing the incredible
figures at your head. Neither you nor
anybody else has the faintest concep-
ton of what one billion dollars really
Is We speak Familiarity Of billions as
q, commonplace, but most of us live
our lives in terms of hundreds. W.:
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.T., 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
share in the World war. The net cost
OF that enterprise to date has been
$24, 1000 900, or, including our loans
to foreign governments, which have
not been repaid. $33, 1855 600, 900. 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
incomprehensibe sum. The cost of
! running the national government is
now around $5,000,OOO,OOO year. The
experts say that for the next, two or
J 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
billions Let me try to bring it home
| to you. It is NOW, roughly speaking.
1920 years since the birth of Christ.
We do not know precisely and accuz
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 Dominf. From
the beginning Of the year one to Jan
nary l, 1921, there elapsed about 7O1,-
267 days, or, to reduce it further,
Il, $3.50, 4O8 hours, which being reduced
again, means 1,OO9,s24,4sO minutes.
I 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 zoos, 1921, 48O
minutes.
| Now let us suppose that with the
permission Of the Roman authorities
the United States had established a
1isbursing officer at Jerusalem on the
first day Of the year one with instruc-
tons to pay out SIS minute day and
night, Sundays and holidays included,
right down through the centuries to
New Years day, 1921. ss "a. =. -. ..4
Suppose he had been given $685.
OO5,7O6 to start him on his long spell
Of spending. That is one estimate of
the sum that it cost to run this gov
eminent in 1920. On the morning Of
January l, 1921, this mythical disburs-
Ing officer. giving money away at the
rate Of s. minute, would have spent
only $5,O49,122,4 400, and would still
be one Of the richest men in the
world, for he would have left on
hand $636, 883,3O6 Of the original sum
Paying out at the rate of IS 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 ~ n ,' 3 >sss.s.*.. I.
Suppose this imaginary government
spender had been authorized to nav
out at the rate of $23 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 $7s4O36, $50. He would
have that much left over after paving
out $23,225, 983, O4O 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. q. 81 .s 81 y,
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 20
after they leave you, how they are
spent, whether wisely or foolishly7
It's all your money, contributed for the
proper and economic conduct Of your
business. There is no such thing ~ a.
government money. The government
never earned "a cent .s2