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Show TIIK ItASIS OF OL'Jt N ATION .iL PKOSl'KRIT V As a national election approaches there are many theories advanced as to the probability of a financial depression. de-pression. Some argue on the line's of over-speculation and too much expansion ex-pansion of credits. Others argue that I he people are buying too many motor mo-tor cars. Out of 20,000,000 automobiles auto-mobiles in use in the world, 17,000;-000 17,000;-000 are said to be owned in this country. Then there is talk, mainly for political effect, that while there has been a general improvement in farm and market conditions, a great many farmers are still on the verge of bankruptcy. As a matter of fact, there never has been a time when there were not some weak places in the financial industrial or agricultural structure of a great nation, which could be magnified out of al proportion in creating campaign issues. Let us consider live of the primary prim-ary sources of new wealth, nationally speaking, of this great country of ours, that are constantly offsetting any possible collapse in the soundness sound-ness and stability of national business busi-ness affairs. ' ! The first source of new wealth is farm crops, soil products; everything included in the term agriculture. Indications In-dications are that this year will surpass sur-pass all other years in sum total of the golden stream that agriculture pours forth. The second great national asset of new creative wealth is mining, mineral min-eral and metal products, including the old industry. Reports show that they are on a prosperous basis of production. The third source of wealth production produc-tion is manufacturing in the first stage from raw materials the factory output for 1926 will surpass all previous years. A fourth great primary wealth creator is lumbering, logging, paper mill products, and all associated industries in-dustries connected with products of the forest. Heaped upon this great mountain! of new wealth created annually, we J must not overlook the salt and fresh ! I water fisheries. The hundreds of millions taken out of this element are next to meats and grains the i greatest item of food value. ! If the hundreds nf millions and j billions of dollars of new wealth I I brought into existence annually and ! added to the existing wealth could be stacked up before the people, together to-gether with the increasing accumulations accumu-lations in all banks, the question of the future financial stability of Our Country would be better understood. We would realize that the prosperity of this nation rests on the rock foun- dation of primary industries which : create new wealth annually by sup- plying the wants of mankind with es-1 es-1 xeutial products necessary to main-i main-i Lain life. Our Country has the greatest great-est real basis of security, stability, and continuous prosperity of all the j countries in the civilized world. ! The statistics supplied by the federal fed-eral Bureau of Labor show unusual prosperity of wage earners for the past three years. The years 1923, 1924 and 1925 have been comparatively quiet and free from strikes and industrial ! struggles over wages. ; During 1922 there were 1,612,562 i employes engaged in strikes. For j the following three years the record 'was: 1923 had 1,199 labor disputes with 756,084 employes involved; 1924 had 898 strikes with 654,641 employes involved; in 1925 only 428,218 persons participated in la-, la-, bor disputes. i Since 1923 there have been more , wage increases than decreases ; positive proof that the period since ! 1922 has been uniformly prosperous" J and that means a broader distribution. distribu-tion. of wealth and a greater pros- perity for a larger number, j It is essential that every citizen in j Our Country should understand some jot the primary sources of wealth which makes steady employment, good wages, and short hours In this nation. Any political party, political group or individual, instrumental in disturbing dis-turbing or crippling productive enterprise en-terprise destroys employment and steady wages. If the people understand these simple facts the way of the agitator in this country will be more difficult and the road to steady employment and good wages will become constnat ly smoother. The future is in our own hands. |
