The Clinton chronicle. (Clinton, S.C.) 1901-current, March 06, 1930, Image 9
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THE CHRONICLE
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VOLUME XXX
CLINTON, S. C., THURSDAY, MARCH 6,1930
ifci
U. S. IS WORLDS RICHEST NATION
Average Wealth of Each Man, Woman and Child In This Country
Is Three Thousand Dollars In Actual Property.
Written for The Chrtmicle Throofh Autocaster Service by Caleb Johnson
We are the richest people in the
world.
Almost everybody knows that, but
^•w realise just how rich we are and
what our wealth consists of.
The National Industrial Conference
board has^ust figured it out. The na
tional wealth of the United States is
^60,100,000,000. Three hundred sixty
billion, one hundred million! The fig
ure is juat too large for anyone to
grasp. Nobody ever saw that muchj
nvoney. There never was any such i
amount as that in money anywhere in
the world at any time.
It would take 4i whole year for a
thousand regiments of a-thousand men
each, every man colecting a thousand {
dollars a day, to gather so much mon
ey to^ther^ jeven.ifviLexisti^^-jj,^
But the figure of the conft^i.ice
board leaves out money entirely.
Wealth is one thing, money is another.
Money is merely a symbol of wealth.
Counting all of the treasury notes,
federal reserve notes, aational bank
notes, gold certificates, silvet certifi
cates, and gold, silver and copper
coins, we have only about five billion
-dollara .nf.. money, in-.circnlatina in.
begins to compare with ours.
The biggest single item in the list
of thintgs which make up our national
wealtl^ is real estate. Land and im
provements in the United States are |
valued at $198,100,000,000, more than
huif of the total wealth. That does
not include real estate owned by rail
roads and public utilities.
Those institutions, together with
shipping and canal facilities, account
for another $4,300,000,000''of land val
ue, with improvements w’orth $22,100,-
000,000 and equipment which has a
value of an additionml $12,6*00,000,000. |
Farms and factories, including all j
property and equipment, • constitute ,
$27,200,000,000 of our national wealth,:
accofdiiig to this latest survey"!^ I
Manufactured and'natural products,
totaJ ■$4(f,600,000,000. This ihclii^-ev-*?
America. That is all we need for the
purpose of exchanging one form of
wealth for another. The rest of our
business is carried on by means of
bank checks and credits. But what
mAkes our rponey worth its face value
is the wealth behind it, nearly $72 of
assets back of every dollar in circula
tion. '
There are no very exact figures of
the wealth of other nations. The total
assets of the entire British empire,
including Great Britain and Ireland,
Canada, Australia, South Africa, In
dia and the rest of the British posses
sions, was estimated a few years ago
at about one-half of the present
American figures, and no other nation
erj'tbing from cadpet-tacks to gold in '
the mine blocked out but not yet
mined.
Personal property constitutes about
one-ninth of the total wealth. Furni- j
ture, clothing, jewelry and items of;
that sort owned by the people of the {
United States are worth $44,700,000,-1
000. And that doesn't include automo-1
wealth about one-sixteenth, od $23,-
000,000,000 worth, is^ exempt from
taxation. This includes all property
used for public purposes by the feder
al, 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 in excess
of that of any other nation, amounting
to around $3,000 for every man, wo
man and child.
The wealth is unequally distributed
among the ktates, however. Nevada
has tne greatest wealth per capita, not
because it has the smallest population,
for Uiore are seventeen states having
fewer inhabitants, but because of the
immense wealth in Nevada's mines 5f
gold, silver, copper and other metals.
Nevada’s average wealth is $7,388 per
person.
Alabama has the lowest^-per capita
rate of wealth distribution, amounting
U> only $1,284 fBt each person. This is
because Alabama’s natural respurcee
are comparatively undeveloped and its
iroiustxia^ development^ while large,
has not yet caught up with the growth
of its population.
New York, riohast of all the states
in total wealth, is only about average
in the per capita figures. The ten mil
lion inhabitants of the Emp’^e state
are worth an average of $3,613 each.
SUNDAY SCHOOL LESSON
I
By Rev. Samuel D. Price, D; D., Asaociate General Secretary of the
World’s Sunday School Association.
•I-
• •
2 paper. Complete, Newsy, f
• and Reliable
;
NUMBER 10
International Sunday School Lesson for March 9
THE PARABLE OF THE SOWER
Matthew 13:1-9; 18-23
A four-fold illustration is presented
in this parable from nature. In every
case the seed is equally good and in
Some parts of Scripture state the
truths so plainly that no one can mis
understand. It is that way in the les-
j{ ahead for all and deepness of root is
; I essential in order to withstand those
• j evil days.
The soil of the human heart can
• I grow evil as well as good things. The
•' choking thorns are quite like evil hab
its that are permitted to remain when
we are fully aware of their presence.
Then there is the good toil that pro
duces from thirty to one hundred fold.
Often these are the lives that attract
the least attention. They do”good mod
estly and meanwhile the record is a
matter of note only in Heaven. Here
we find many who never left the S'tn-
day school and yust naturally tak( .p
son in hand for today. In the first ^ ^ , --- -
place, the subject matter is very clear interpretation i, is tne very Word ^ the larger life in the church. A v
and, secondly, Jesus, in explaining the
meaning to the disciples, makes the ap-
of God. The earth may have been
made hard just by footsteps. “Grizzly
plication very definite. For the first j mammoth tree in Mari
time in the New 'Testament we find
the Master Teacher employing the
parable as a means to convey His
meaning. The parabolic form was not
originated by Him, for we find Na
than used in causing King David to
comprehCTid the gheatness of his sin
against Uriah, the husband of Bath-
sheba,’ (II Samuel 12:1-G.) A parable
has been well called “An earthly story-.. Satan, according to the
The figures of the National Indus
trial Conference board are for the
biles, which are a comparatively small
part of the. whole. Less than ten bil- i
lion dollars covers the present value
of the nq|ion’s automobiles.
Gold and silver bullion—that is/ gold
and silver which have not been coined
or made into jewelry, tableware or
other commodities—held in the Unit
ed 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
year 19M: Tlie nutiun is prubably
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
estimated at $320,800,000,000. In 1912
the government figures were only
$186,300,000,000. In sixteen years,
therefore, the wealth of America near
ly doubled. And even allowing for the
fact that a dollar today represents a
smaller amount of wealth than it did
in 1912, nevertheless we have made
pretty good progress. Very carefully
worked out calculations made by the
United States department of labor
continuously kept • up to date, show
wfth'a heavenTy meaning.
When the crowd was too great for
the people to'hear who thlxjnged Him
in C-apernaum, the Teachbr went to
the shore of the Sea of Galilee and
uied a fisherman’s boat as His pul
pit. Jesus was always upsetting long
time traditions. He was the “heretic”
of His day. He was ready to make use
posA grove, CaHfomia, was being kill
ed by the tourists who walked up close
to look at the wonder in nature. Then
a fence was built for protection
against just feet and the earth'^ dug
up that moisture might reach the
roots. The tree will probably stand for
ages more. Habits make life impervi
ous to the entrance of good seed.
question for each of u.s is: Wha
our percentage of production ?
we thirty-folders year after year
are we advancing into a higher c
in attainments for'the glhry of Gc
e
r
AdultM Contract Children'4
DheoeeM
/
Adults oon, and do, oontraet many
diQdfen’s diseases. And, usually, they
suffer from them much more than
children do. For instance, many adults
contract worms, an ailment usually
deeVaraDon of Jesus,'‘analches away ^opociat^ with children. Sometimes
the largest measure of spiritual help
to the needy populace. Who can im
agine a Sadducee, Pharisee, or even
a Scribe, sitting in a boat and address
ing the throng that stood upon the
shore which rose as a natural amphi
theatre?* J^estts doubtless called the
attention of the people, with a wave
of the hand, to a farmer as He said,
“Behold, the sower went forth to sow.”
the seed lest it find a place in which
to germinate.”
We expect too much from the seed
when we look for a well-matured spir
itual strength and furnish only a mea
ger amount of soil in which to grow
up. Many seems to “get religion,” and
shout a jot about it, who do not..^keep
they suffer intensety ;ahd bake expen
sive medical treatments,* without reali
sing that worms oro the cause of their
It' is in the practice thereof that re
ligion is maintained. Troubles are
troubles. Yet. the symptoms ar6 the
same os in children, loss of appetite
and weight, grinding tbeteeth and rest*
, CTindina
loss sleep, itching of the nose and anus,
■ ibd(
ana abdominal pains. And, the same
medicine that surely and brnrolessly ex
pels round and pin worms from children
will do the same for yiulta ~ White’s
Cream Vermifuge, wbicb you can get at
SADLER-OWENS PHARMACY
that the purchasing power of the 1930
dollar^ is about 67 cents as compared
with the dollar of 1912. So our actual
increase in wealth in sixteen years, os
a nation, is about 37 pbr cent.
And that is doing pretty well, thank
you!
H. D. HENRY
F. M. BOLAND
H. D. Henry & Company
INSURANCE
STOCKS
BONDS
REAL ESTATE
LOANS NEGOTIATED
PRICES SLASHED FOR THE LAST TIME
By r^uest of the people of Clinton we will continue this sale until 10 P. M., Saturday, March
15th. Now, folks, this is positively the last day, and the doors will be closed. "
We still havq a good selection of Men’s zund Boys’ Clothing, Ladies’, Men’s and Children’s"
Footwear — Slippers and Shoes. Also Dress Goods, Hosiery, Underwear, Men’s and Boys’ Dress
Shirts and Work Clothes'
We *hank the people of Clinton and surrounding country for th
given us, and we want to say that we have enjoyed being with you.
Balance of Hxtures Must Gol Remember Folks March 15 is the Last Day.
1
Levy and Company Purchasers of
FARMERS MERCANTILE COMPANY
Clinton, South
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