The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1922-01-20
THE UNITED STATES. is22-ls22.

A comparison of tn conditions under which the United States
entered the year 1922 with those OF the corresponding year OF the
preceding century gives MS renewed confidence, says the lrade
Record OF The National City Bank, OF New York, in the industrial
and commercial future OF our country. The population winch IN
1922 was less than ten million is now one hundred seven million
or more than ten times that OF a century ago whle the popula-
ton of the world as a whole has increased but about $50 percent
meantime. Our international commerce even in the present
moment Of depression is sixty times as much as that OF a century
ago, having grown from one hundred nine million dollars IN w
commerce OF the world in 1921 may possible total forty times Of
a century ago when it stood at one billion six hundred hitynIne
million dollars. r
This groN'h with US has been largely due to increased facii
ties of transportation. In 1872 our great Mississippi Valley with
its wonderful producing possibilities had but about two million
people, and their only method OF sending their products to tide
water was by the rivers ard the Great Lakes, for even the Erie
Canal was not yet finished at that date and steam railways for
commercial service were than a thing unknown in any part OF the
world. OF the seven hundred fifty thousand miles of railway bull.
in all the world since 1921, over onethrd was constructed IN the
United States. chiefly to connect the great interior with the ocean
frontages. and the Middle West which had then two million
population has now fifty million and is not only the worlds
bigpest producer of grain and meats but is turning out over one
third of the manufactures OF the country. The manufactures OF
the world in 1920 are estimated by Mulfall at Tour and a quarter
billion dollars while our census OF l9lo puts the value 81 those OF
the United States alone at sixty-two billion dollars OF nearly fifteen
times that of the whole world a century earlier. With this tremen-
dous growth in our manufacturing industries our exports OF
less than eight million dollars in 1921 to over two billions in l9Zl,
or ESQ times as much in the "ean" year Just ended as in the cor
responding year of the preceding century. With this increase IN
industrial, commercial and business activities has come z cores
ponding advance in the financial requirements and supplies, and
the total "money in circulation" which was officially reported at
sixty-sevcn million hundred thousand dollars in lSO IS officially
stated at five billion, six hundred seventy-Tx million dollars on
December !, lVZl. Meantime the centcrS OF industry ana DuSlneS
have grown amazingly, the population Of New York having in
creased from 10000 in 1922 to over six million in 1922 Philadel-
phia from 10000 to nearly two million, and Chicago from a
Hamlet Of log houses inhabited by less than 100 people" in 1880
to approximately three million in 1922.
Not all Of this growth in the industries and prosperity of the
country has come from a mere increase in population, tor our area
has doubled meantime, the total area OF the United States having
grown from one million seven hundred ninety two thousand
SQUARE miles in 1921 to three million, six hundred twenty thousand
square miles, including Alaska, az the present time, Our additions
Of territory since 1922 consist of Texas, Arizona, New Mexico,
and the entire Pacific frontage, an dthus includes enormous addi-
tons to the agricultural and mineral wealth of the country.
Thus the year 1922 finds the United S, ties the worlds chief
agricultural, manufacturing, commercial and financial nation. The
possibilities OF a further expansion in all these lines are found in
the fact that with our population, exclusive OF Alaska, is still only
thirty-sx per square mile or less than one-tenth that OF certain
Of the most prosperous Of our European %neighbors.