OCR Text |
Show 40,000 Millionaires If you have been having any doubts as to the real,, enduring endur-ing achievements of our country during the last dozen years, you may lay them to rest forever now. The country has nearly 40,000 millionaires! This is on the word of Carl Snyder of the Federal Reserve Rank of New York, who recently addressed the American Statistical association in Chicago. In 1914, says Mr. Snyder, America had approximately 7000 millionaires. The number has grown to more than five times its original size since then, and is still going up. Much of the increase is attributable to the war; much more to the recent stock market boom. , We may have our problems. Some industries may be stagnant. stag-nant. Textile workers may be underpaid, coal miners may be starving, the power trust may be propagandizing our schools and the farmers may be in despair but we have 40,000 millionaires, mil-lionaires, anyway. Doesn't that encourage you? |