The border vidette., 1926-09-18
BASIS OF OUR PROSPERITY

on the line OF over speculation
and too much expansion of ere
dts. Others argue that the peo
pie are buying too many motor
cars. Out of 0,0OO, 900 automo.
biles in use in the world, IL. 200.
600 are said to be owned in this
country. Then there is talk,
mainly for political effect, that
! while there has been q general
Improvement in farm and market
conditions, q great many farmers
are still on the verge of bank
ruptcy.
AS q matter of fact, there never
has been q time when there were
not some weak places in the fin
ancial, industrial or agricultural
structure of q great nation, which
could be magnitied out of all pro
portion in creating campaign
issues.
Let Us consider FIVE of the
primary sources of new wealth,
nationally speaking of this great
country of ours, that are con
stantly offsetting any possible
collapse in the soundness and
stability Of national business
affairs.
The first source of new wealth
is farm crops, soil products;
everything included in the term
agriculture. Indications are that
this year will surpass all other
years in sum total Of the golden
stream that agriculture pours
forth.
The, second great national as.
set of new creative wealth is
mining, mineral and metal pro,
ducts, including the oil. ind ustry.
Reports show that they are on a
prosperous basis of prod uction.
The third source of wealth
prod uction is manufacturing in
the first stage from raw materi,
als-the factory output for 1926
|.will surpass all previous years.
A fourth great primary wealth
creator is Numbering. logging,
paper mill products, and all as
sociated industries connected
with products of the forest.
Heaped upon this great noun.
tain of new wealth created an.
nually, we must not over look
the salt and fresh water fisher.
les. The hundreds. of millions
taken out Of this element are
next to meats and grains the
greatest item of food value.
If the hundreds of millions and
billions of dollars of new wealth
brought into existence annually
and added to the existing wealth
could be stacked up before the
people, together with the in
creasing accumulations in all
banks, the question of the future
financial stability of our country
would be better understood. We
would realize that the prosperity
of this nation rests on the rock
foundation of primary industries
which create new wealth annual.
~ by supplying the wants of
mankind With essential products
necessary to maintain life. Our
county has the greatest real
basis of security, stability, and
continuous prosperity of all the
countries in the civilized world.
The statistics supplied by the
federal Bureau of Labor show
unusual prosperity of wage earn.
ers for the past three years.
The years 1923, 1924 and 1925
have been comparatively quiet
and free from strikes and indus
trial struggles over wages.
During 1922 there was 1872.
562 employees engaged in strikes.
For the following three years
the record was: 1923 had 1,199
labor disputes with 756,O84 EN-.
ployes involved; 1924 had 89e
strikes with 654,641 employees in.
volved; in 1925 only 428, ,218 per.
sons participated in labor dis.
putes.
Since 1923 there have been
more wage increases than de.
creases-positive proof that the
period since 1922 has been un.
iformly prosperous-and that
means broader distribution OF
wealth and a greater prosperity
for large number.
1t is essential that every citi.
zen in our country should under.
stand some of the primary sour.
ces of wealth which make posi-
| l~1o ofno1r n