Milford chronicle., 1930-04-11
Y o. u
AND YOUR
MONEY
By John P. Mullen
Mr.. Average Man, Capitalist

Mr.. Average MAN, CdplUaAS0
This is, undeniably, an age OF cap
italists. For more than a century
capitalistic production in this coun-
trv has doubled and redoubled ana
doubled again. In the place OF sim
nile tools, complex machines driven
nv steam, water, electrical or gas
mower have come into use. The SIM
nIe kit of the old-time shoemaker
has been replaced by equlpmenI Ina neo
turns out more than SOO,OOV'OVV
pairs of shoes annually. In the uh-
loading of coal, a single conVeyoI
does the work of fifty shovels. An
eIectrically-operated bottle machine
dunIicates the effort Of ftty-tour
men. These things have been multi
nIied so rapidly that average capltal
enuinment of the modern producer
10 almost a thousandfold larger thah
that of the medieval artisan or WorK-
man.
Within the last fifty years billions
of dollars have been lnVesteu A
transportation facilities, IN plants
and buildings, in farm equipment IL IL
motors and machines. Today IN
consequence, we have more than ~
corporations in the United States
each with more than billion dollars
in assets-capital and capital goods
and at least four concerns with as
sets totaling above two billion DOL
lars. Today the total investment
canital-in our manufactures Is
nrobably more than $$46,OOO, ,OeO, ,OOO;
in our railroads, above $25,OOO'OOO'-
OOO: in our public utilities, IN eX-
cess of s24,O0O,0 100000.
Today almost everyone is capl-
+aIist an owner of capital goods, OF
machinery or other property, tha'
can nroduce new wealth. Capitalism
in this country and in this commun-
itv knows no class lines, and no Type
nnIess it be Mr.. Average Man. II
includes stenographers and CLERKS
mechanics and housewives, doctors
and LAWYERS, merchants ana DAY
Iahorers. factory foremen, porters
farmers. ministers, Journalists
nearly everyone with the character
and ability to work and save d "OA-
lar and put that dollar to WORK.
Yet. despite the extent to whlcn
oonitalism has become common
there are still many who fail 10 ap-
Dreciate how much the accumulation
pf savings. or capital, can contrlDute
- their own and the community
wa1I-being. There are others VINO
bove capital and fail to develop IT.
There is still a greater number III
experienced in the proper empty to
ment of capital, who turn 1t InI0
false channels, the so-calleu secuII
ties of scherGers and willy pronoteLs'
ond into improper channels Tor tnen'
into unpromising and Iar-leUoHeO
speculations.
To help the average man anu os To +be
,,,or +o a better understanding OF tne
nature or capital and income, " "
noint out the common, eVeryuay
cbannels in which capital may De
o-nn1oved advantageously, the MIL
ford Chronicle begins with tnls .da1 40
sne a series of short, non-tecnniCat
articles on the tried and lesl:lnlaoSS
devices of present-day economlc anu
financial machinery-the savings az
count the life insurance policy anu anu
sound stocks and bonds, Wnlch aIs
+bo broad door to opportunity anu
certain wealth. They are deslgneu
- nromote providence and lore
tf,augbt They will endeavor TO snO"
tI1o wav to the acquisition, app!lca-
tion and conservation of capltai "
the end that better unoersCa9uHA1ne unoeU;d M
of capital and its uses may nr anu and 1Tli
Average Man to become a plggeI geIsa,aTT, @hv
more substantial capitalist, IneLeDy on1
insuring his own welfare ana sn',,n q TUn
resnonding increase in his commun-
i+,1,e vvaaIth and progress.