The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-08-03
Count Your Change
Golfers Magazine)


There's no argument in this edi-
torial. It's merely collection of facts
incontrovertible. eloquent facts that
confound those who profess to see
America slipping down into a state OF
effortless despair. -.
Total bank savings today exceed
500 900 5000 equal to more than
81 900 for every family in the land.
Savings depositors number $1,000 600,
nearly two per family.
The number of Americans owning
stock has increased almost 40 per
cent since 1929.
A group of 102 companies which had
$3.50 .036 stockholders at the end of
the boom year had 1915 43 stockhold-
ers at the beginning of this year.
One company alone today has over
Cos 900 stockholders, a gain of more
than $4,000 since the boom. This
company has assets exceeding SO ,200,-
10000. :.
Our total stock of gold is $4,000
OO,0OO No other country ever pos
sessed so much. Britain, for example,
has only $588,000000. Currency in
circulation aggregates s5464 900, 900,
or s70O,0O0,0OO more than in the boom.
Last year l6,500OO0,0 900 worth of
new life insurance was written.
Total insurance now carried Is es-
timated at slO9, 1000 900 900. or not far
short of 81 900 for every man. woman
and child in the United States. Poll
cies in force number 127 100000. d..
| Such safeguard is enjoyed by
the people of no other nation in the
world.
Our total national wealth, estimated
at 1929 700, OOo0 900, is greater than
that of a dozen Continental European
countries combined.
| The income of the American people
comfortably exceeds sl,000,00000 a
week.
The per capita income here is far
greater than In any other land.
There are still six or seven persons
gainfully employed for every person
idle.
| No fewer than 25,800,000 automo-
biles are owned by Americans. This
! lOldl I'D dlHlOSI tlhNC lAAlSo viz
Der owned by all the rest Of the world
Americans possess far more tele-
phones d9,50O,OoO than all other
countries. s.
| How many new domestic mechanical
refrigerators have been bought. would
you guess? A grand total Of fully
3,750,000. at an estimated expenditure
approaching s2,OOO,OO0,Oo0. In nc
other part of the globe do half as
many homes enjoy such a luxury
Americans are rapidly coming to re-
gard it as necessity.
A recent survey of % typical small
| towns revealed that II per cent of the
inhabitants owned homes, that 88 pei
cent had electric light. 70 per cent
had baths, 81 per cent had electric
washers. SIS per cent had radios, Al pei
cent had vacuum cleaners.
There are more families in America
than in any other land that can af-
! ford to and do send their children tt
high school and college. In no other
land do so many average familie:
have the means to enjoy foreign
travel. :.
The movie still attracts a weekly
average attendance of $4,000 900. -.
Today more than 100000 farms are
electrified, representing an increase
of 400 per cent in eight years, and The
total is being swelled rapidly.
In industrial communities hare
manual toll is being steadily abolished
by the introduction of machinery
Each American worker now has at hi:
command five horsepower, RECORD
not even remotely approached outside
our boundaries.
The average working day a genera.
ton ago was 10 to IL hours. The
standard in this generation is eigh
hours. The work-week used to con.
sist Of six days. Now it is five
and one-half days, with the five-daJ
week coming into vogue.
Never In the past was America 81
we'll equipped as 1t is today to resume
an epochal forward march. Not onl!
have We changed from a debtor ma
ton to the greatest creditor natior
on earth, not only have we vaster ma
tional wealth, not only have we al
unprecedented supply Of gold, but VI
are richer in experience, richer in in
ventive brains, richer in scientifi'
knowledge, richer in machinery, richie
in productive facilities, richer IL
managerial skill, richer In discovered
mineral and oil resources, richer il
transportation facilities; >. richer il
every material withdrawing prod
uct and process, richer in craftsman
ship, richer in everything. =.
The country Is all right. What W
need is less hysteria and more conf
dence and courage.