Timpson Weekly Times (Timpson, Tex.), Vol. 45, No. 12, Ed. 1 Friday, March 21, 1930 Page: 4 of 8
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HISWOU'S
WEST IBM
Average Wealth of Each
Man, Woman and
Child in United States
Is Three. Thousand
Dollars in Actual
Property.
By CALEB JOHNSON
We are the richest people la
the world.
Almost everybody knows
that, bat few realise just how
rich wc arc and what our
wealth consist* of.
The National Industrial Con-
ference Board has just Agured
it out. The national wealth of
the United States is $360,100,-
000,000. Three hundred and
sixty billion, one hundred mil-
lion ! The flgnfe is just too
large for anyone to grasp. No-
body 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 dollars a
day, to gather so much money
together, even if it existed.
But the figure of the Confer-
ence Board leaves out money
entirely. Wealth is one thing,
money is another. Money is
merely a symbol of wealth.
Counting ail of the Treasury
notes, Federal Reserve notes,
National Bank notes, gold certi-
ficates, silver certificates, and
gold, silver and copper coins,
we have only about five billion
dollars of money in circulation
in America. That is all we
need for the purpose of ex-
changing one form of weaiih
foranother. The rest yf _our
business is carried on by means
of bank checks and credits.
But what makes our money
worth its face vaiue is the
wealth behind it, nearly $72 of
assets bark of every dollar in
circulation.
There are no very exact
figures of the • wealth of other
nations. The total assets of
the entire British Empire, 'in-
cluding Greet Britain and Ire-
land, Canada, Australis, South
Africa, India and the rest of
the British possessions, -was es-
timated a few years ago at
about one half of the present
American figures, and no other
nation begins to compare with
our*.
The biggest single item in
the list of things which make
up our national wealth is real
estate. Land and improve-
ments in the United States are
f valued at $133,100,000,000,
more than half of the total
wealth. • That does not include
real estate owned by railroads
and public utilities.
Those institutions, together
with shipping and canal facili-
ties, account for another $4,-
900.000. 000 of land value, with
improvements worth $22,100,-
000,000 and equipment which
has a vaiue of an additional
$12,500,000,000.
farms and factories, includ-
ing aii 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 tc gold in the mine
blocked out but not yet mined.
Personal property constitutes
about one-ninth of the total
wealth. Furniture, clothing,
jewelry and items of that sort
owned fey the people of the
United States are worth $44,-
700.000. 000. And that doesn't
include automobiles, which are
a comparatively small part of
the whole. Less than ten bil-
lion dollars covers the present
value of the nation's automo-
biles.
Gold and silver bullion—
that is, gold and silver which
have not been coined or made
into jewelry, table ware or oth-
er commodities—held is 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 oth-
er 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-six-
teenth, or $23,000,000,000
worth, is exempt from taxation.
KNOW TEXAS
!
During 1920 Texas mines;
produced $28,000 in gold, 1,-
050.000 ounces of silver, 1,-
000,000 pounds of lead and
400.000 pounds of copper,
» •' a
The Lower Rio Grande Val-
ley alone will support k popu-
lation of 3,000,000 persons
when all its resources are fully
developed, according to Wal-
ter E. Dickerson.
• • •
On Jan. 1, 1930, Texas had
974.000 milk cow*, a gain of
19.000 over the previous year.
There are 21,919,000 dairy
cows in the United States.
* • •
Texas has 5,667,000 head of
cattle, 1,028,000 hogs and o,-
500.000 sheep on farms. Cattle
showed an increase of 217,000
and sheep 363,000, but hogs
decreased in number 172,000.
Nevada’s average wealth is $7,-
338 per person.
Alabama has the lowest per
capita Tate of wealth distribu-
tion, amounting to only 31,284
for each person, ■ This is be-
cause Alabama’s natural re-
sources are comparatively un-
developed and its industrial de-
velporoent, while large, has not
yet caught up with the growth
of its population.
New York, richest of all the
states in total wealth, is only
about average in the per capita
figures. The tep million in-
habitants of the Empire State
are worth an average of $3,513
each.
The figures of the National
Industrial Conference Board
are for the year 1928. The na-
tion is probably richer now, bub
it takes a year and more to com-
pile the figures, which will al-
ways be that far behind. The
THE IVY GREEN
By Charles Dickens
Oh, a dainty plant is the Ivy
green,
He ereepeth o’er ruins old!
Of right choice food are his
meals. I ween,
In his cell so lone and cold.
The wall must be crumbled,
the stone decayed,
To pleasure his dainty whim,
And the mouldering dust that
, the years have made
Is a merry meal for him.
Creeping where nc eye , hath
seen,
A' rare old plant' is the Ivy
green.
iSUNDAY SCHOOL
| LESSON
By
pear insignificant, yet in
it would provide refuge ft*
time
__for the
nations of the earth. Today
about one-third of the popuia-
_ - . - _ . _ ^jtlon cf the world acknowledges
Rev. Samuel D. Price, D.D. | the name of Jesus Christ.
-——--------The process of growth is (adj-
ected in the parable about the
leaven. Sour dough would be
placed in three measurer of
meal, something over s bushel
in quantity. The fermentation,
would take place as a singte,
germ touched the nest particle
and it in turn became a propa-
gating center. This was sept
*" ** OO
Internationa! Sunday School
Lesson'fer March 16
Parables of the
Kingdom
Matthew 13.31-83, 44-«2
Eight parables are found la
this chapter. One, that of the
Sower, was studied last week.
Matthew follows his custom of
grouping similar teachings,
though possibly spoken at dif-
ferent times. The one theme
that Is being developed Is that
of the Kingdom of God. A
fine description is given in that
petition of the Lord’s Prayer,
"Thy Kingdom came. Thy
will be done on earth as it is in
Heaven." The Kingdom ex-
tends through two worls, this
and the one of spirit life that is
to come. The Kingdom began
with Jesus’ ministry but there
Fast he stealeth on, though he wjH neVer be an end of His
_____ ____________ last estimate made by the
This includes ail property used United State? Bureau of the
for public purposes by the Fed-j Census was in 1922, when the
eral, state and local govern- j national wealth was estimated
meuij, and the property of reli-!at $320,800,000,000. In 1912
gious, charitable and educa
tional institutions exempt by
law, from taxation.
The total wealth of the coun-
try. divided by the number of
inhabitants, give* us the aver-
age per capita wealth. And
this is also far in excess of that
of any other nation, amounting
to around $3,000 for every
mar., woman and child.
’ The wealth is unequally dis-
tributed among the states, how-
ever. Nevada has the greatest
wealth per person, not because
it has the smallest population,
for there are seventeen states
having fewer Inhabitants, but
because of the immense wealth
in Nevada’s mines of gold, sil-
ver, copper and other metals.
;he Government' 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 today
represents a smaller amount of
wealth than it did in 1912,
nevertheless we have made
pretty good . progress. Very
carefully worked out calcula-
tions made by the United States
Department of Labor continu-
ously kept up to date, show
that the purchasing power of
the? 1930 dollar is about 67
cents as compared with the dol-
lar of 1912. So our actual in-
crease in wealth in sixteen
years, a* a nation, is about 37
per cent.
rffarr .toy tie paid $2700 for fittm ia
the United States Court Thirty dol-
lars > dude
by the Federal sever
elder dock* for which there »
open eeaton.
Too fear hunter* are informed of
the Federal parut laatt which protect
That io the fete anpottd
i for lollies
ATHEISM
The Karaite snenmne’it war
tsatnrt rehciaG any wove the rytrr
•ceded to write ell dniehaeity faro
CKtlrin* raetntt met agaimt fire ta-
enia of God. Ucre&bie as it sounds,
the armed an-’ diadpf.rted minority
which coatrob Russia has prohibited
refciuss reaching card preaching, ia
setting churches and converting then
into nauseam* and factories, is Idfimg
missionaries and eon!»eaiing (he prop-
erty of farmers who support the
churches.
There here been many religions
wars hi history, hut always each side
has professed the fighting to he in the
name of its own God. The organ of
tlri« ami-reiigiotu movement in Russia
is a newspaper published at Moscow
called The. GmUcm Ore.” The
avowed purpose Is so stamp oat a&
reiigkst trad desires all fa&fa.
Unless Christianity is to confess
failure, a greater war than the world
has ever seen is inevitable It wifi he
the war of all Christendom against
too Godless refers of Sovwt Rasas*
DUCKS
A Etiun snaa went basting Is
Maine. He shot ninety theirs The
sad local game laws. Ary state game
warden can give fnll information
about the Federal ganas laws. also.
Uniat they a wed w state laws ere
enforced there will soert he no game
left to hxmt.
CARS
There are approrimatety twenty-
seven million families ia die United
States. Th’ e are about twenty-two
million automobiles registered in the
various states, tnchiding trucks, busi-
es and other cnnanereial vehicles. The
average of passenger cars is about
one car to every one and one-half
families.
It will not be long before there
win be as many passenger cars as
there are families, sod a high per-
centage of ail families will own two
cars, little cars weighing only half
ns natch la a Ford and t
third kss wilt he on the
market this year. More paved rands
will trad to tnehipiy cars. We can
look forward to the day when no-
body will walk except for exerdse.
GIVING
Two brothers turned Mills started
l country weekly newspaper in Sodas.
N. Y, about thirty year* ego. They
got into other enterprises, indmfing
dearie light and power companies.
They sold their power interests re-
cently for several million do3trs. But
they atm own stnU ran ffie Scdai .
Record, still live in the little country
town where they were bora.
G. E. Mills, une of th* brothers,
dee ded he minted to do some good
with his money. He gave a radio
set to a crippled women in the village.
She got so muds pleasure <mt of it
that be gave some more radio seta
to shut-ins. He got so ranch ftm out
of first tim; he told other met: of
means about it and they began giving
away radio sets. Out of ftet ha*
groom toe “We Foltow Him" club
with members all over the United
States. Tftoaaaada of radios have
been given to hospitals, to charitable
institutions and to prisoners. Aft any-
one has to do to kecks * member
la to give a radio act to aoina ‘abide
in” invaVd or prisoner lad read ha
name to Mr. Mills.
wears no wings.
And a staunch old heart has he.
Kow closely he twineth, how
tight he clings ■
To his friend, the huge Oak
Tree!
And slyly he tralleth along the
ground
And his leaves he gently waves,
As he joyously hugs and crawls
around
The rich mould of dead men’s
graves.
Creeping where grim death has
been.
A rare old plant is the Ivy
green. *
Whole ages have fled and their
works decayed,
And nations have scattered
been,
But the stout old Ivy shall
never fade
From its hale and hearty green
The brave old plant, In its lone-
ly days
Shall fatten upon the past
For the stateliest building man
can raise
Is the Ivy’* food at last.
Creeping on, where time has
been,
A rare old plant Is the Ivy
green.
FOR SALE—40 good fat hens;
three thoroughbred Rhode
Island Red roosters thrown in
if ail taken at once. Hens $1.00
each. J. S. Sayer. 2d2w
GREATNESS
I attended » total prtSerfng * few
sights ago at which tboaa per vest
were asked to deride win were the
fire greatest men and fire fire greatest
women of ah tune. Several persons
offered lists of names and the prise
vo gives to fiat cat who Earned
thta:
Greatest men: Buddha, Julhtf
Caesar, St. Peal, Charles Darwin and
Karl Mane. Greatest women: loan
of Arc, Queen Elisabeth, Flr-enc*
Nightingale, Queen Victoria, Susan a
Anthony*
It is an interesting gune, amt
proves nothing. The greatest men
sad women who ever lived are proba-
bly unknown to hinny. Toe mar who
docorered how to make * fire and
fix wonao echo first cooked a rab-
bit ever the fire rerttottSy started
msnetMsg wheeti changed th* who!»
OMP«ffi&R Dometiv Carina-
in « SiKg(*jDnap of Water
Gants aw so rajffi dart then nuyl
lyoowfUil*
adbwai
'sTT,________
F„ B. Bussey
* cut don oot
1322
reign. The Kingdom is much
broader than the Church.
Many find fault with the
church because all is it are sot
living according to their profes-
sion. This fact was recognised
from the very beginning, and
the parable of the wheat and
the tares indicate* that both
will live together here, but the
time will came when the good
and the bsd will be separated.
The angels are spoken of as
those who will do this work.
Surely it is not the function of
man to either admit or exclude
from Heaven, though many
would like tc have such a privi-
lege.
Wonderful things were stat-
ed concerning the extent of this
Kingdom and it must have been
hard for those disciples to ac-
cept what the Master declared.
They knew their own capaci-
ties. They did not have the
social standing of the Pharisees
and Saducees. They were
farmers, fishermen and one
was even a former tax gather-
er. Their attention was called
to that very small mustard seed’
from which the twelve-foot-tall
stalks would develop. In like
manner, the beginning of this
spiritual Kingdom might ap-
up "tiU it was ail i
This in reality !s a vivid
description of the WIN OWE
campaign that Jesus inaugur-
ated and the plan has never
been changed. The early dis-
eiples went forth to proclaim
the message and all believers,
in turn, have been cocitn tauten-
ed to preach Die Gospel in the
whole world, 'Hie effective-
ness is through the activity of
the Holy Spirit.
Hebrew method of instruc-
tion is often by way of repeti-
tion, and this paraSeUam is the
basis of Hebrew poetry. Study
the taro parables that liken the
Kingdom to a peart of greafe.
price and to a treasure which
waa hid iu a field for safe keep-
ing. In both places ail lesser
values were given up that one
might posses* that which is
most valuable. Some good
thing* and all that ar« bad are-
tc be given over that we may-
make sure of our place in this
everlasting Kingdom to which
Jesus invites all. It is cat
material but spiritual as ia indi-
cated in the Golden Text; “The
Kingdom of God is cot eating
and drinking, but righteousness
and peace and joy in the Holy
Spirit,” Romans 14:17. The
parable of the drag net con-
veys the same teaching as the
wheat and the tares.
4
Backache
T1MPSON PHARMACY
Collars
Bridles
Breeching
Lines
Good Quality—Low Prices
F. ft. Steadley
Timpson, Texas
Magnolia Products
Gasoline-Oils-Greases
WASHING—CREASING—ACCESSORIES
JULIUS BRYAN
IN CHARGE
MAGNOLIA SERVICE STATION
Timpani, Texas
8
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Molloy, T. J. Timpson Weekly Times (Timpson, Tex.), Vol. 45, No. 12, Ed. 1 Friday, March 21, 1930, newspaper, March 21, 1930; (https://texashistory.unt.edu/ark:/67531/metapth764839/m1/4/: accessed July 8, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Timpson Public Library.