Show I I FIGURES SHOWING INCREASING INCREASING- i WEALTH WEAL TH OF THE UNITED STATES A TES The rue wealth ot ot tl the tho e United States i is 1 Increasing a n the thc rate of something r like a n. day day which Is isto to lo loy say gay y wealth f is ii rb real bal l arid and substantial and w wealth that r represents a u di dl- dl interest bearing earning or power r. Much of this wealth venith Is material ma- ma while a on a certain percentage of or It 11 represents time the appreciation n of I values as for tor Instance the increase In th the worth of or real property r such as 05 aslanis I lands lanis and buildings buildinG's No account is I taken of oC the paper values represented I In the rise in tn the tho quotations of various securities Where Whet these arc are Involved they are arc put at par Of or Into lato the lIme newly discovered mining min main In ing irig properties have bave added immensely to the Limo wealth of tho the nation These are divided into gold copper and sil silver allye sliver all sli- ye ver and represent millions of dollars 5 not in the value value- of tho the securities Issued is issued ls- ls I sued against them but ut in tho time actual I ore brought out or in fn sight These se securities seil so- so il cum havo have been listed on the various vari var- ous exchanges in the time cities clUes between two oceans I In about live five years or less the time par var value nIne of all the time se securities admitted to toI I the New York Yoi-k stock exchange in Iii its listed and unlisted departments h hia Increased over or at atthe the lime rate ato of at 1010 1 moro than rhan a n year ealo What percentage of this Immense immense im Im- im- im mense menso total of new certificates of ownership and indebtedness Iq has been ab bed absorbed OIb d l by y the time stock market with the tIme aid of or the time bank credits of ot time the country cannot be known but it is a n largo pOe one Then there should be added the time stupendous tur aggregate of securities issued by iy mining In industrial anti ami other corporations not nM entered at atthe time the New York stock exchange but which al' al are traded in on the tho curbs cui in iii Broad Broud street tret JI Jersey P rity Boston and anti elsewhere e fl h I or 01 dealt in at th the minor exchanges and ander er th the country The Thc total of ot lI ted listed ted stocks and antl hondon bonds hond bondson on the lime New Ne W rl k Stock exchange at atthe atthe atthe the present nt time tinie i is jn In round 11 numbers urn and 1275 o.- o. a tot total 1 of Of or these the railroads N furnish by imy- far tile the major majol amount Ut time the total being In stocks and in bonds in both listed and unlisted departments departments de de- next In value In-value come th time the manufacturing n and In industrial stocks aggregating galinS' galinS bonds bomb of foreign governments near nearly I 2000 But Dut or O F-O of or orthe the tum bonds of the Um United Stat States S 'S government government govern govern- ment are listed J. J The These e fl figures ore are staggering staggering stag stag- gering but It Il should be bo remembered that th the wealth wC of ot the tIme United States State has hUS fully 2 Oo-O Oo In Inthe Inthe n the Im last t five years about 25 per por cent of Qt which is represented on the Ni York Stock exchange This Thi bewildering array array array- Of or billions can mean nothing m to the 8 nind Inti except when whon regarded in Jim the abstract but In taking the greatness of oX this country into consideration one must I think in thou thousands s of millions This Is is th the richest nation on tho earth CW and nod I must b bp- bp viewed viewed from from a n dl distance distance- to be beI I appreciated We who live Jive hero bore can cannot cannot not be le expected to apI appreciate what we weI I havE I I But sl speaking of Tim In Increases perhaps I these Inn may laity sj e it a it belt better bettse l' l purpose than the time more mere totals total The Increase e in ill raIlroad railroad rail raIl- road stoc stocks S alone aIon In five live years ark la S nearly near nem Iy ly in manufacturing ing and Ir industrial stock st steel cl railways 2 25 c coal al and andiron anditon oil iron stocks 8 gas M and electric Ice elec li-Ic li lighting stocks ln ks t I city and anti county bonds railroad bonds mall manufacturing and industrial il bon bonds s 2 and amid tI telephone bonds Tin The c in iii th the lie aggregate o of bonds Admitted foreign tife the New government York stock III hi to five is noteworthy In 10 for foi years but hut lO- lO instance nce th the amount was or so in HOG the tho aggregate had uli grown to an Increase In In- crease cease of There are arc arenow now eight foreign governments go W whose J securities ai- ai are I dealt In fn 11 hero here I This tends to Illustrate the cosmopolitan nature of our out people and the marl market et It must bo ho borne in mind that the tho gr great at promoting era In the united 1 to 1902 and amI States s was from roam I that this Increase has taken place since then This Timis shows of or time the tho timo unprecedented growth country country- It has been likened to the tho erection of or a lofty tower upon tho the top of or a tall sky skyscraper But even e at ot that when it Is recalled that tho gain In tho the listings of or the time New York orK stock exchange I Is 15 only u a part of the tho total issue of or new nc stocks stoc-ks and bonds bonds' some conception may be bo formed of what the tho money market has been obliged to o take talco care of at A A. striking fact tact Is that the time increase In time the total of ot securities is almost entirely ely in the listed lIstell department of ot time the stock exchange This Timis cannot be e regarded s otherwise than as a sound development because all companies Ice which have havo their thell securities listed arc tI required d to In make an aim extensive rel report ort of ot their financial standing and furthermore fur fur- are nrc required ed to publish prIsM prior to their annual meetings I limit full III reports of or their operations ope for fOl the tho preceding fiscal year In Iii other words the Increase In the Limo listed department Is an un I nomine Inen-ase in Lies around which tho the safeguard of It it 1 publicity is thrown Time The samo same requirements requirement t 1 regarding m publicity do donot donot not exist in r regard to the securities in rn In th the unlisted d department and antI it is isa 1 a matter r of siC If sIgnificance that the Corm former for for- m mer mner r i- i is preferred m to lo the latter laUer |