United States Hidden and as Yet Undeveloped Wealth of Stupendous Magnitude Is Back of Your Liberty Bond---Buy Another Bond, and Keep On Buying, Daily Racing Form, 1918-10-18

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tiniied States Hidden ami as Yet if if Undeveloped Wealth of Stupendous Magnitude Is Back of Your Liberty Bond BUY ANOTHER Wffi and KEEP ON surma Doubting Thomases who are wondering where the United States will get the money to redeem the Liberty Bonds now being sold by the millions those who fear that Uncle Sam has not sufficient capital Jo pay back the 50 100 1000 or 1000000 they have loaned to help bring the most dis ¬ astrous war in history to a successful close are urged to carefully read the following article and then Go Gilt and Buy Another Bond and Keep On Buying to the extent of their resources Of course a statement recently made by one of the leading banking authorities of the United States that Americas wealth would IK appraised by skill ¬ ful actuaries at not less than 300000000000 is an estimate although it is probably not far out of the way says a New York writer writerThe The banker was using these figures so that lie might impress npon the country the fact that not ¬ withstanding expenditures which are reaching high into the billions occasioned by the war and the further fact that the United States may owe to the people perhaps as much as 30000000000 repre ¬ sented by Liberty Bonds and more than that should the war continue a few years longer and further ¬ more in spite of revenue bills which provide for taxation which will cause 8000000000 in a single payment to flow into the treasury neverthless there are an abundance of natural resources which we may rely upon as a security which stands be ¬ hind our obligations obligationsIn In the darkest days of the Civil War David A Wells prepared a pamphlet which contained statis ¬ tics and reasoning that astonished not only the people in the north but also Great Britain Hol ¬ land and France WAR BILL EASILY PAID PAIDMr Mr Wells demonstrated that in spite of what were for the time enormous expenditures and in spite of the fact that it was with some difficulty that the government was able to market its bonds nevertheless the resources of the United States were sufficient if utilized to meet all the expenses of the war and to leave capital in abundance even though the war were continued for ten or fifteen years longer longerWhen When Mr Wells thus wrote we had no Pacific railroad The Union Pacific Railroad Company and the Central Pacific under the leadership of C P Iluntington were just beginning construction constructionNot Not much of the grea area west of the Missis ¬ sippi River was under cultivation and the peonle of that time were still accustomed to speak of the great American desert and the Nebraska territory which have since then been developed into flourish ¬ ing communities yielding each year hundreds of millions of new wealth to the United States StatesThere There are abundant natural resources not yet highly developed many of them not developed at all which nevertheless constitute some part of the wealth of the United States which is now esti ¬ mated at 300000000000 300000000000HEW HEW RAILROADS INEVITABLE INEVITABLEAmericas Americas wealth in railroads will undoubtedly be considerably increased since the new dispensa ¬ tion of which Secretary McAdoo is the leader is demonstrating to the people that if tliere be wise governmental control and reasonable opportunity to secure fresh capital our railroads will expand and new railroads will be built in the Far West WestAmericas Americas wealth in minerals which only awaits development is enormous Xo other country ex ¬ cept possibly Russia and China possesses mineral wealth in amount equal to that with which the United States is vested This country lias every kind of mineral excepting tin Its resources in coal are enormous At the present rate of consumption of anthracite coal deposits it will be 200 years at least before the deposits of bituminous Coal arc used up upThere There remains an abundance of iron ore some of it not yet developed The Government authori ¬ ties have demonstrated that considerably beneatli the surface of parts of New York State ami Penn ¬ sylvania there are enormous deposits of irbu ore not yet worked because the workable mines throughout the country now lie so near the surface Nobody can tell what our wealth in oil and natural gas may be found to be We have enormous wealth in timber although at one time there tas some danger that wholesale cutting of timber might im ¬ pair this resource FARMING BELOW POSSIBILITIES POSSIBILITIESSplendid Splendid as is the agricultural production nevertheless it is far below the possibilities JainCs J Hill estimated a few years before his death that at the present time farm labor should yield1 yearly exclusive of cotton new wealth aggregating 15 000000000 Many believe that the day is not dis ¬ tant when the farmers will be harvesting 2000000 000 bushels of wheat each year yearThe The wonderful development of electro chemis ¬ try socalled is simply utilizing natural resources whose wealthproducing capacity the public had lit ¬ tle idea of in the early years of the present cen ¬ tury There are enormous stores of wealth in water powers and these are sure to be developed some of them speedily after the war is ended endedThen Then too there is the amazing growth of the United States as a shipbuilding nation No one who is qualified to speak now doubts that at the end of the war the United States will iwssess the greatest merchant marine that ever navigated the seas under the flag of a single nation These ships will greatly facilitate the growth of international commerce and witli the recent establishment of the remarkable increasing trade relation with South America this nation is to liave each year after the war an international trade with the countries to the south which will surpass any trade j jAmerica America niay have with Great Britain and the rest of Eu ¬ rope Of course tho natural resources must be de ¬ veloped if the country is to have visible demonstra ¬ tion of the fact that the aggregate amount of re ¬ sources is in money value 300000000000 The late Abram S Hewitt a very able manufacturer and a profound thinker said in 1902 that the re ¬ sources of the United States were not scratched arid if they were developed as Belgium and Holland have developed their resources the aggregate value of them would be represented by stupendous fig


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