Show Foundation of National Wealth Aggregate of Individual Possessions By Dy JULIUS II H IL BARNES Corporation Magnate We have hare learned that national wealth is only the aggregate of indi- indi indi possessions 6 We have bave learned that national wealth in the last analysis means the conversion of natural resources by mans man's hands and mind into things of daily use We have e learned that methods which quicken and enlarge this con con- conversIon conversion con conversion version are the greatest form of social service sen ce the surest ways to put shoes on the children of the tho poor We have bave learned that increasing production in the days day's work means increasing earning and buying power production We have hive learned that modern industry with its volume production production tion under free competition can create the magic of higher wages larger dividends and yet priced lower-priced products When we seek for the causes which maintain the wide divergence of living standards in the world today and when we study the forces which raised or destroyed the of empires history we reach the con con- con con- conclusion conclusion conclusion that the place in the social scale of progress by any people at any anytime anytime anytime time is a reflection of the degree to which that people possess three major factors These are one the possession of natural resources two habits babits of industry three stable and sound government go |