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America World's
~ roads and public utilities. :
Richest Nation
Average Wealth of Each Man, Woman
and Child is $3,000 in Aciuat
Property
By Caleb Johnson
We are the richest people
world.
Almost everybody knows that, but
few realize just how rich we are and
what our wealth consists of.
The National Industrial Conference
Board has just figured it out. The na-
tional wealth of the United States is
$360,100,000,000. Three hundred and
sixty billion, one hundred million!
in the
“The figure is just too large for anyone
to grasp. Nobody ever saw that much
money. There never was any such
amount as that in money anywhere in
the world at any time.
It would take a whole year for a
thousand regiments of a thousand men
each, every man collecting a thousand
a@ollars, a day to gather so much
money together, even if it existed.
But the figure of the Conference
Board leaves out money entirely.
Wealth 1s one thing, money is another. |
Money is merely & symbol of wealth.
Counting wall oi the Treasury notes,
Federal reserve notes, aNtional Bank
notes, gold certiricates, silver certifi-|
cates and gold, silver and copper coins,
we have only about five billion dollars
of money in circuation in America.
That is all we need for the purpose. of
exchanging one form of wealth for an-
other. The rest of our business is car-
ried on by means of bank checks and
credits. But what makes our money
worth its face value is the wealth be-
hind it, nearly $72 of assets back of
every dollar in circulation.
There are no very exact figures of
the wealth of other nations. The
total assets of the entire Gritish Em-
pire, including Great Britain and Ire-
land, Canada, Australia, oSuth Africa,
India. and the rest of the British pos-
sessions,
ago at about one half of the present
American figures, and no other nutiom
begins to compare with ours. >
{The biggest single item in the list
of things which make up our national
wealth is real estate. Land and im-
provements in the United States are
valued at $198,100,000,000, more than
half of the total wealth. That does
not include real estate owned by rail-
Those institutions, together witn
shipping and cana facilities, account
for another $4,900,000,000 of land value,
with improvements worth $22,100,000,~
000 and equipment which has a value
of an additional $12,500,000,000.
Farms and factories including all
property and equipment, constitute
$27,200,000,000 of our national - wealth,
according to this latest survey.
Manufactured and natural products
total $40,600,000,000. This! includes
everything from carpet tacks to gold
in the mine blocked out but not vet
mined.
Personal property constitutes about
one-ninth of the total wealth. Furni-
ture, clothing, jewelry and items of
that sort owned by the people of the
United Statés” ard = worth "$44,700,000,
000. And that doesn’t include automo
biles, which are a comparatively small
part of the whole. Less than ten bil-
lion dolars covers the present vaue of
the nation’s automobiles.
Gold and silver bullion—that is,
gold and silver which have not been
coined or made into jewelry, table
ware or other commodities—held in
“the United States is worth around
$9,000,000,000. . More than half of that
is gold held by the United States
Treasury, the Federal Reserve bank
and other banks as a reserve against
currency. This gold reserve alone
constitutes the largest amount of the
precious metal ever gathered under
one flag in the history of the world.
Out of the entire volume of national
“wealth ‘about one-sixteenth; or $23,-
000,000,000 worth, is exempt from tax-
ation. This includes all property used
for public purposes by the Federal,
state and local governments, and the
"property of religious, charitable and
educational institutions exempt by
law from taxation.
The total wealth of the country,
divided by the number®of inhabitants,
gives us the average per capita wealth
and this is also far inexcess of that
of any other nation, amounting to
around $3,000 for every man, woman
and child. ’
The wealth is unequally distributed
among the states, however. Nevada
has the greatest wealth per person,
not because it has the smallest popu-
lation, for there are seventeen states
having. fewer inhabitants, but because
of the immense wealth in Nevada's
mines of gold, silver; copper and other
metals. Nevada's average wealth is
$7,338 per person.
Alabama has the lowest per capita
rate of wealth distribution, amounting
to only $1,284 for each person. This
is because Alabama's natural re-
sources are comparatively undeveloped
and its industrial development, while
lange, has not yet caught up with the
growth of its population. :
New York, richest of all the states
intotal wealthfi is only about aver-
age in the per capita figures. The ten
million inhabitants of the Empire
State are worth an average of $3,513
each.
The figures of the National Indus.
trial Conference Board are for the
year 1928. The nation is probably
richer now, but it takes a year and
more to compile the figures, which
will always be that far behind. The
last estimate made by the United
States Bureau of the Census was in
1922, when the national wealth was
$320,000,000,000. In 1912 the Govern-
ment figures were only $186,300,000,000,
In sixteen years, therefore, the wealth
of ‘America nearly doubled. And even
allowing’ for the fact that a dollar to-
day represents a smaller amount of
wealth than it did in 1912, neverthe-
less we have made pretty good pro-
gress. Very carefully worked out cal-
culations made by the United States
Department of Labor continuously
kept up to date, show that the pur-
chasing power of the 1930 dollar is
about 67 cents as compared with the
dolar of 1912. So our actual increase
was estimated a few years |
Start Annuals in
Wide, Shallow Boxes
The season is now at hand to start
those annuals wanted for early effect
in the garden, particularly to trans-
plant into tulip beds to give color in
place of the yellowing leaves of the
oulbs. hile it may be a little too
early for.the cold frame or hotbed in
the northern states, the seed box in a
sunny window may do its duty effec-
tively.
Start ten weeks stocks, salvias and
verbenas for early bloom. Snapdrag-
ons also can be got going to good ad-
vantage as they require a longer
| growing season before coming into
full beauty than many annuals.
Give them plenty of air. Cover the
boxes with glass until germination
starts. Then see that the glass. is
raised sufficiently to admit plenty of
air. Do not place in full sun with the
¢luss over them closely. They are
likely to be scaldeil.
Bake the earth and sift y be-
fore planting the seeds. Place the
rough material over a layer of little
stones or broken flower pot in the
bottom
ahove this
finely
of tre box and the fire soi:
Firm before planting
the
The Soil in Sced Boxes Should Be
Firmed Before Planting the Seeds.
seed. On cold
box away from the window. The
boxes do not need sun until the seeds
begin to germinate. They may be kept
in any convenient place until the
sprouts begin to show. but at. this
time they must be moved to the light.
Don’t sow too thickly. Sow thinly
and sow in rows. The seed box can
be ruled off into rows an inch or half
inch apart and it will be much easier
to transplant from rows with less
loss than if you have to dig into a
| thick and broadcast planting.
nights move the seed |
Cover seeds double their thickness.
Do not bury too deep. Fine seeds
merely press on the surface of the
soil. Water the boxes by dipping them?
in a tub or pan of water, not by pour-
ing water on the surface.
Be sure that the seed boxes have
ample drainage so that watering them
from below in this manner is a simple
Seeds Started in Boxes Wid Be Ready
to Transplant in Place of Tulips.
and practical process. Too much wa-
ter is death to seedlings. keep them
moist but not wet.
Turn the boxes from day to day so
the seedlings will not grow one-sided
stretching to the light.
The usual seed box used in the flor
ists’ trade is technically gnown as a
“flat.” This means a wide, shallow
"box. About three inches deep or even
less is the usual size. Boxes from
the grocery can be sawed down read:
ily for this purpose or they can be
manufactured. It is best to make them.
for better lumber is put into them and
they will last for several seasons.
Even with hotbeds or cold frames
the seed box usually is brought into
use either to set into the fraines or
for starting seeds indoors especially
of plants which need close watching
to regulate temperature and moisture,
Under the general term of garden
frames are included the hotbed. the
cold frame, and the small seed frames.
There is no. more useful adjunct to
successful gardening and, once in-
stalled, a gardener wonders how he
ever got along without one. They are
fundamentally merely a wooden frame
to support glass, sash being made in
standard sizes to fit the usual 3 by 6-
foot unit and pow they are made in
half size for convenience in handling.
Try some new annuals this year.
There is an unusually fine selection of
new things and old favorites that
have been brought back into circula.
tion from which to select. {
|
IG, warm, fluffy blankets
—Nashua Part Wool
Blankets—in lovely new Color
Sets will bring beauty and
comfort to your bedroom, at
a remarkably moderate cost...
A Color Set is a plaid double
blanket, and a solid color
Warmthrow to match. If you
wish, the Warmthrow may
be reversible—with contrast-
ing shades on each side, These
UXUTVIOUS,
N
deep-napped
Color Sets, that cost no
more than ordinary blankets
Color Sets lend charm by day
and warmth by night — yet
they cost no more than ordi-
nary blankets!
Part Wool Nashuas are
made in the world’s largest
blanket mills, where quantity
production brings down the
price per pair. Even in the
generous double bed size,
they’re moderately priced.
‘Come in and see then.
is about 37 per cent.
in wealth in sixteen years, as a nation,
~ And that is doing pretty well, thank
you!
.
heen en Yad t
‘When President Hoover discovered that there was no school for the mountain children living near his
fishing camp at Madison, Va, he promised to supply one.
Vest, herself a mountain girl from Kentucky, a graduate of Berea College and Columbia University, has
eacher
SR ay
ta yi ;
8p) ) fH Figs b Edis dae
It has just been finished and Miss Christine
She Busts Bronchos
Miss Grace Runyon
Wyo., who has been acclaimed the
world's champion woman
rider.
of Cheyenne,
rough
>
RAIN or SHINE |
~ Snow Wind or Hail
Public Sale
Wednesday, March 12th
House Effects, Antiques
and Farm Equipment
of GEORGE STROH
GOSS ROAD DER LATDERBACH, Au.
Ten O’clock
%o
x A
{
During the past six months The Dallas
Post Print Shop has increased its pro-
duction 100 per cent.
Why?
Promptness, Service, Price, Courtesy
and a good job count with purchasers of
Job Printing.
Let us give you an estimate on your
next Job Printing.
THE DALLAS POST
J