The midland journal. (Rising Sun, Md.) 1885-1947, 1926-09-17
THE BASIS OF OUR NATIONAL
PROSPERITY

AS national election approaches
there are many theories advanced
as to the probability of a financial
depression. Some argue on the line
of over-speculation and too much ex-
pansion of credits. Others argue
that the people are buying too many
motor cars. Out of 20,000,OO0
automobiles in use in the world,
100000 are said to be owned in
this country. Then there is talk,
mainly for political effect, that while
there has been a general improve
ment in farm and market conditions,
a great many farmers are still on the
verge of bankruptcy.
AS matter of fact, there never
has been time when there were not
.ome weak places in the financial,
Industrial or agricultural structure
og a great nation, which could be
magnified out of all proportion in
reating campaign issues.
Let us consider five of the primary
sources of new wealth, nationally
speaking, of this great country of
ours, that are constantly offsetting
any possible collapse in the sound
ness and stability of national bust
less affairs.
The first source of new wealth is
farm crops, soil products; every
hing in the term agriculture. In
locations are that this year will
jurpass all other years in sum total
Of the golden stream that agriculture
,ours forth.
The secod great national asset of
a new creative wealth is mining,
mineral and metal products, includ-
.ng the oil industry. Reports show
that they are on a prosperous basis
Of production.
The third source of wealth produc-
ton is manufacturing in the first
stage from raw materials, the fac
tory output for 1925 will surpass
all previous years.
A fourth great primary wealth
creator is numbering, logging, paper
mill products, and all associated in
dustries connected with products of
he forest.
Heaped upon this great mountain
of new wealth created annually, we
must not overlook the salt and fresh
water fisheries. 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, to-
gether with the increasing accumu-
lations 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
of primary industries
which create new wealth annually
by supplying the wants of mankind
with essential products necessary to
maintain life. Our country has the
greatest real basis of security,
liability, and continuous prosperity
Of all the countries in the civilized
world.
The statistics supplied by the
ederal Bureau of Labor show un.
Usual prosperity of wage earners for
he past three years.
The years 1928, 1924 and 1925
ave been comparatively quiet and
rec from strikes and industrial
over wages.
During 1922 there were 1,6l2,56z
employees. engaged in strikes. Fol
he following three years the recorC
,yas: 1928 had 1,199 labor disputes
with 756,0S4 employees involved
1924 had S9S strikes with 654,641
employees involved; in 1925 only
42S,21S persons participated in labor
disputes.
Since 1928 there have been more
wage increases than decreases, posi-,
live proof that the period since 1922
has been uniformly prosperous, and
that means a broader distribution OF
wealth which make possible steady
employment, good wages, and short
hours in this nation.
Any political party, political group
or individual, instrumental in dis
turbing or Gripping productive en-
terprise destroys employment, and
steady wages.
Ii the people understand these
simple facts the way of the agitatoi
in this country will be more difficult
and the road to steady employment
and good wages will become con.
SANITY smoother. The, future is in
our own hands.