Payette enterprise. (Payette, Canyon Co., Idaho) 1909-1935, 1924-08-07
WHY AMERICA is so WEALTHY
(London Daily Mail, June 23)

frequently tell us that England
rolling in wealth. that it is eth
richest country in the world That
perhaps, was true decades ago, Blu
matters are very different now. Eng
land is poor, very DOR, if compared
with the United States.
The United States are fabulousl,
wealthy Although they possess only
about one-twentieth of the popula
ton of the world, they have half OF
the worlds wealth and have more
than half the worlds gold, dia-
monds, pearls and precious stones OF
every kind.
The true wealth of nation can
best be measured by the condition
of the masses. The prosperity of the
American workers is almost unbe-
such as carriers, milkmen, builders
laborers, etc., earn 40s per day.
Vast numbers of skilled workers
earn $1,000 and more per year.
The assertion that America s
wealth belongs to the few, that the
high cost of living counterbalances
the high wage prevailing, is incor-
rect. The white population of the
republic is a little more than twice
as large as that of this country.
However, the United States have not
fxu; hn boil
phons and motor cars that there are
in this country, but have 10 times as
many. To every three families there
are two telephones and two motor
cars. Millions of unskilled workers
not only have roomy houses which
belong to them, but have telephone,
motor car and other Injuries of
which English working men scarce
ly dream.
Before the war -Englands savings
came to about f400, 100000 a year.
Although American people are ter
hibly extravagant, their savings are
estimated to come to f2,700,00O,0 1000
pc yOoi. AoSt yOdl thC <AilCi
spent on motor cars and trucks
alone $3.50. 100000. II we add the
expenditure on garages, etc., the mo-
tor car expenditure last year ex-
seeded Ell, 900, 100000.
1t is frequently stated that the
United States owe their great wealth
to their vast natural resource, to
the possession of fruitful agricult-
ural plain. extensive forests, rich
fines, etc. That explanation is falla-
cious. Every student of American
economics is aware that the bulk of
Americas vast income is furnished,
not by the mines, farms and forest,
but by the factories. and workshops.
The United States are foremost in
the world, not by the productivity of
their wheat fields, cotton fields,
forests. coal and iron mines, ETC.,
but also by the output Of their
manufacturing industries.
WITH szisting arrangements this
country can produce 100000 tons
of steel per year. That figure has
never been. reached. This United
States can reduce at least S. mil-
lion tons of steel year They pre- l
duce far more than half of the
worlds steel and of products made S
Of steel Among other things, they
produce abort 80 per cent of h e T
worlds motor CARS, ~ their own c
country and in branch ssss blish- c
ments abroad $
IN the city of New York alone. .
lastly more building takes place G
han In the whole of the United 6
Kingdom. The textile industries of o
he country consume considerably "
more cotton than the whole OF this u
onntry- In the production OF goods
made from copper, brass, rubber, II
Vood, leather, ETC., Americas supe-
iority is overwhelming. In view of
nese facts, Golden prophecy, eng IL
and is. and always will remain, the We
iorkshop of the world" is ridicu- W
BUS. Why are the Americans fore II.
iost in the world, not only in the WI
utput of food and raw products but 10
lso In that of manufactured goods? 70
he reason is obvious to all who are fe
cquafnted with economic conditions M
q both sides of the Atlantic. FL
Goods produced must be con- sta
lmed. They are produced and con- an
lined chiefly by the working mass est
). Production being three times as me
reat In the United States as over col
ere, workers receive not merely GU
Tree times as much money but re-
'ive three times as much real wage
the form OF gods which they can no
~. Hence, American workers are
ftnitely better fed, clothed and
FUSED than the British workers. req
The American worker recognizes Ma
at prosperity consists of an album Zel
nee Of useful goods aud nothing So