Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1922-01-27
THE UNITED STATES,
1822-1o22

A comparison of the conditions under
which the United States entered the
year 1922 with those corresponding
year Of the preceding century gives us
renewed confidence, says the Trade
Record Of The National City Bank of
New York. in the industrial and COM
mercial future of our country. The
population which in 1922 was less than
100000 is now 107,OOO,OOO, or more
than ten times that Of century ago,
while the population Of the world as
whole has increased but about 1900
meantime. Our international comm.
cree even In the present moment of
depression is 60 times as much as that
Vi a century ago, having grown from
51G9,0G0, 900 in 1921 to nearly or quite
$1,000, ,00O, 900 in 1921, while Internal
lonal commerce OF the world in 1921
may possibly total 40 times that of
century ago it stood at 1859, 900 900.
This growth with us has been largely
iro 70 increased facilities of transpor-
tation. III 1921 our great Mississippi
Valley with it's wonderful producing
possibilities had but about 1000, 900
peULie, and their only way of sending
their products to tidewater was by the
rivers and the Great Lakes, for even
the Erie Canal was not yet finished at
that date and steam railways for COM
erical services were then a thing un-
known in any part of the world. OF
the 100000 miles Of railway built in all
the word since 1921, over one-third
was constructed in the United States,
chiefly to connect the great interior
with the ocean frontages, and the "Mid.
die West" which had then 100000
population has now 50,000,000 and Is
not only the worlds biggest producer
Of grain and meats but is turning out
over one-third Of the manufactures OF
the county,. The manufactures of the
whole world in 1920 are estimated by
Mulhall at $4,25O ,OOO,O 900 while our cen.
sus Of 1920 puts the value Of those of
the United States alone at S62, 900, ,000,.
900 or nearly Is times that of the whole
world a century earlier. With this tre-
mendous growth in our manufacturing
industries our exports of domestic man.
ufactures exclusive of foodstuffs have
grown from less than $S,0O0,00 in 1921
to over $4,000, 100000 in 1921, or $50
times as much in the lean" year just
ended as In the corresponding year of
the preceding century. With this in
crease in industrial, commercial and
business activity has come cores
ponding advance in the financial re-
quirements and supplies, and the total
money in circulation" which was Of
ficially reported at $67,100,0O0 in 1920
is officially stated at S5,676, I'll 900 on
December l. 1921. Meantime the CEN
ters Of industry AMI business have
grown amazingly, the population of
New York having increased from $780,
600 in 1922 to over 100000 in 1922,
Phildapelhhia from 100000 to nearly
2,000,0 and Chicago from "a hamlet
of log houses inhabited by less than
100 people, in 1880 to approximately
1900 900 in 1922.
Not all Of this growth In the indus
tries and prosperity of the country has
come from a mere increase in popula-
ton, for our area has doubled mean
time, the total area of the United
States having grown from 1,792,0O0
square miles in 1921 to 100000 square
miles, including Alaska, at the presen.
time. Our additions Of territory since
1922 consist Of Texas, Arizona, New
Mexico, and the entire Pacific front
age, and thus includes enormous ad-
ditions to the agricultural and mineral
wealth of the country
Thus the year 1922 finds the United
States the worlds chief agricultural,
manufacturing, commercial and finan-
cial nation. The possibilities Of fur
ther expansion in all these lines are
found in the fact that with our popula.
tion, exclusive of Alaska, is still only
SO per square mile or less than one.
tenth thaS Of certain Of the most pros
porous Of our European neighbors.