Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1932-08-05
u YOUR CHANCE

Total bank savinga today exceed $29,0 900, 600, 900,
equal to more than $1,000 for every family in the
land. Savings depositors number $4,000, 900, nearly
two per family.
The number of Americans owning stock has in.
creased almost 40 per cent since 1929.
A group of 1o2 companies which had ~5,539.o3e
stockholders at the end of the boob year had 1875 ,143
',lockholders at the beginning of this year.
One company alone today has over SOS 900 stock
holders, a gain of more than 1875 900 since the boom.
This company has assets exceeding 5000, 600, 900.
Our total stock of gold is 81, 900, 000, 200. No
other country ever possessed so much. Britain, for e-
ample, hal only $5SS,ooO'0oO. Currency in circula-
ton aggregates $780, 900, 200, or $500, 100000 more
than in the boom
Last year $16,5oo 900, 600 worth of new life insur-
ance was written.
Total insurance now carried is estimated at $780,
100000, 900, or not far short of $1,000 for every man
woman and child in the United States. Policies in
force total l27, $780, 900. ..
Such safeguard is enjoyed by the people of no
other nation in the world.
Our total national wealth, estimated at $329,7oo,-
0oo, 900, is greater than that of a dozen Continental
European countries combined.
Inc income OF the American people comfortably
exceeds 1000, 100000 a week.
The per capita income here is far greater than in
any other land.
There are hill six or seven persons painfully en-
ployed for every person idle.
No fewer than 25,soo'0oo automobiles are owned
by Americans This total is almost three times
the number owned by all the rest of the world.
Americans po hess far more telephones 49, ,O00)
than all other countries Radios :. multiply
over 1886 900 -. unapproached by any
other people.
How many new domestic mechanical refr;gerators
have been bought, would you guess? A grand total
of fully $4,000, at an estimated expenditure ap-
preaching $2,ooo'ooo,o 600 In no other part of
the globe do half as many homes enjoy such a luxury
Americans are rapidly coming to regard it as a
necessity.
A recent survey of 20 typical small towns revealed
that II per cent of the inhabitants owned homes, that
SO per: cent had electric light, u per cent had baths,
81 per cent had electric washers, s. per cent had
radios, Al per cent had vacuum cleaners.
There are more families in America than in any
other land that can afford to and do send their child
ZEN to high school and college: In no other land do
so many average families have the means to enjoy
foreign travel :. .
The movie still attracts a weekly average at
tendance of 5000, 900 -.
The percentage Of our agricultural population who,
despite deflation, are acquiring domestic comforts,
conveniences, laborsaving devices improved machin-
cry, the ue of better roads, is constantly increasing.
Today more than 100000 farms are electrified, re-
presenting an increase of 400 per cent in eight years,
and the total is being swelled rapidly.
In industrial communities hard manual toll i be-
ing steadily abolished by the introduction of machin-
cry. Each American worker now has at his command
five horsepower, a record not even remotely approach
ed outside our boundaries
The average working day a generation ago was ten
to twelve hours. The standard in this generation is
eight hours The work-week ued to consist of six
the five-day week coming into vogue. -
Never in the past was America So we'll equipped as
it is today to resume an epochal forward march. -.ot
only have we changed from a debtor nation to the
greatest creditor nation on earth, not only have we
vaster national wealth, nPt only have we an unprcced-
ented supply Of gold, but we are richer in experience,
richer in inventive brains, richer in scientific know
ledge, richer in machinery richer in productive facil-
tiles, richer in managerial skill richer in discovered
mineral and oil resources, richer in transportation fac
ilit:es; richer in every material withdrawing
product and process richer in craftsmanSip, richer
in everything.
The country is all right What we need is less hy-
sierra and more confidence and courage-ColIer's,
The National Weekly.