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Show MONEY AND BRAINS. ) JM The dividends and interest scheduled as paid VtM in New York City from the first of January to 1 'H the first of August of the present year amounted f . ' to $629,416,219. That Is a' mighty sum in net jl'fl profits. As wealth comes only from labor, that f sum gives an Impression of the gigantic work 'v' fl which is being carried on In this country. At that 'j' ! :fl rate it would not require much time for this coun- ' V H try to buy and pay for the world, out of its profits. , . ! fl , Most of that profit came from agricultural pro- h k B ducts, which last only-a year and from manufac- ! ji' , fl tured articles that quickly wear out. It would j f fl be little more than barter except for the vitaliz- J jll ing force which has, during the past fifty years, f 'H been given to the nation's finances by the steady j " jH flow of gold and silver, newly created money, j! , H from thfe west. But the coffers have been filled j H and now the business of the country has become .! H something so tremendous, that it is really a men- ! jlij ,H ace to the material interests of all countries that j j j H rely upon their manufactures and trade for , '''L'l their profits. The machinery of the United States , j'fl so multiplies its productive capacity, that before j fHH it less well-equipped countries stand aghast. Then I r J the railroad property of this country foots up a t( fl value of probably 8,000 millions of dollars. It jj t "; is in the interest of this property that goods from ( fi M .abroad be received for transportation, that a lf'tB market be made abroad for the almost illimitable ' J j B products of this continent. Hence, we see Mr, , ; M Morgan buying up the ocean transportation lines ) , M one after another, that the ships may become but i f M a continuation on the trackless sea, of the long ' ' ,H lines of steel tracks which span the land. What j'll'i H is going to long compete with such combinations? j,i ', H Of course New York City is the great commer- j ' H cial capital of the country; wealth and the pos- , H sessors of great wealth have a tendency to gravi- !l tate there, but there are immense trade centers 'I .' ', K outside. Boston and Philadelphia have vast divi- j ' H dends to disburse; Baltimore, San Francisco, and jl' H the Great Northwest are all forging ahead, while !!' ,H a dozen other cities of the interior are all centers j 1 H to which trade and the profits of trade gravitate ! . lM naturally. jfj' t H Against all this the slower outside world is ' H trying to make head and is steadily losing. Only ! H one nation any longer can pretend to make a sue- 1 H cessful fight. That is Germany, and this is pos- J j H sible with her solely because while making her , I 'H struggle for commercial supremacy she has been .' I'H careful to train the brains of her artisans and to f) i H make it profitable fur her scientific men to use i H their special knowledge In a practical way to H further the industries of their country. When a 4t H scientist finds a new star or elaborates and makes f , H plain a new proposition for the advancement of I 'H mankind, he gains glory. But i.. he invents a tj -fl new, and superior baking powder, two most de- ! , , H sirable results follow: One he gives to his fellow j "n H men better bread; the second, is he reaps a re- j jH ward in money which makes him independent of I 'H the world's exactions. ; fH So for many years, some of the foremost schol- 1 !M1 ars of Germany have devoted their talents to i j Kb practical science, the making of new designs, ex- M! fiH ploring chemistry to place in commercial form IP SSHI such substances as will command the patronage lilSHl ' of the world, to perfect mechanics until power iyH can be gained at the least possible expense and ffimfflfHI waste, with the result that the most 'magnificent IHffi H'l i'lH j ships that ever proceeded to sea are German ships, Bjl '4 M and they are freighted with merchandise so splen- HRf H didly prepared that the world will buy it. Mr. Hf lyi Carnegie saw this when he determined to establish Mjljii I his great polytechnic college at Pittsburg. Cecil Hpi I ' Rhodes saw it when in his will he provided for the Kl S I education of a strong contingent of foreigners at ilfjjf Oxford to break up the obtuseness and provincial- Mifi ism which causes so many graduates from that BifJyRf ancient university to become incurable cads. Rjlffji Mr Morgan and many other rich Americana Hfl mf 1 are striving to control the world's industries by HLi: $'';! ii gigantic combines. The mistake which is HjRj'f Hi general in our country is the forgetting that as Rlflljly! a11 wealth is produced by labor, that while man- BlS ;- ' ngers arc willing to buy improved tools and ma- Hi!! fU' chinerj, they are not struggling to exalt the brains jij'Jnf 1 of tl,e r"en wno use tlie tools, who run the nia- Bfil "'W chinery. One Bessemer was wouth more to Eng- BjjJMnfj' , land than would have been ten thousand contract Hjnlj J 1 laborers; one Ericson was worth more to our own lillkl i S country on one critical day than could have been Hiffij:f I a full' paPaiisoned. army. If the brains of our Hit Hill Ij country can keep pace with its wealth, all the Hbl , j; 1 11 world will merely be a suburb of the United States. FSHI i New York citr Is where the wealth of the ljjiijjl j country centers, where the great enterprises are mjm 4i j floated, where the great industries are more than Brail?! I anywhere else concentrated. It is fifty times HIkIiI: J greater than Salt Lake City; it has tributary to Hlfijnjjt 9 it forty millions of people; it is the Republic's Kfliljl i 1 I great clearing house. HgfflfP !, I j sti11 tne ratio of dividends paid is not so very n J. ! j j much greater than those of this city, and the mar- B$jfffi;i ; 1 1 vel of tne dividends paid here is greater than even Ij H the mighty sum paid in New York, for the Utah H dividends are paid from a source undreamed of j ' a generation ago. In New York they come through ij exchanges; in Utah they are a new creation. The RTi Mil ' Sreat business oi tlle east does not establish prices. Rather it is the volume of .new money supplied by the west that has made the transformation of our country. But the rule that we have stated, the rule that there should be a ceaseless struggle to equip the youth of the country better, to better prepare them for the world's stubborn work and sharp competitions, applies the same in Utah as in older states. The study should be to improve every school until each boy or girl is so fitted that upon leaving school he or she will be so educated that Jiis or her abilities will be so much needed that places will be waiting for every one. And with it the lesson should be impressed that, after all, only honest and capable work accomplishes anything that can long endure in this world. |