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The party in power is committed to such legislation as will better make the currency responsive to the varying needs of business at all seasons and in all sections. Our foreign trade shows a remarkable record of commercial and industrial progress. The total of imports and exports for the first time in the history of the country exceeded two billions of dollars.
The overall cost of introducing ATLAS into our armed forces will average $35 million per missile on the firing line. This year we are investing an aggregate of close to $7 billion in missile programs alone. Other billions go for research, development, test and evaluation of new weapons systems.
of discovery among the countless whirling worlds that make turmoil in the mighty wastes of space that stretch their solemn solitudes, their unimaginable vastness billions upon billions of miles away beyond the farthest verge of telescopic vision, till by comparison the little sparkling vault we used to gaze at on Earth shall seem like a remembered phosphorescent flash of spangles which some tropical voyager's prow stirred into life for a single instant, and which ten thousand miles of phosphorescent seas and tedious lapse of time had since diminished to an incident utterly trivial in his recollection.
The wealth of the United Kingdom is estimated at fifty billions, and all Europe two hundred billions, the United States seventy billions, and the whole world's wealth at five hundred billions. Were the accretions of the bank at eight per cent. undisturbed and unconsumed, it would now take fifty worlds as rich as ours to pay that debt.
Guesses will vary, but in view of what we know in a general way of the conditions of business during the past year, we may perhaps venture to assume that the net income of these concerns is six per cent. of their real wealth. If this assumption is correct, their total wealth is 60 billions of dollars, or one half of the total wealth of the nation.
In the second place, Germany was required to deliver interest-bearing bonds to a further amount of ten billions; and, if the initial payment of cash fell short of five billions by reason of permitted deductions, the amount of bonds was to be so increased as to bring the total payments in cash, kind, or bonds, up to fifteen billions by May 1, 1921.
When America tacitly negatived this theory by the energy with which she raised billions and mobilised her industries, Hun propagandists, by an ingenious casuistry, spread abroad the opinion that these mighty preparations were a colossal bluff which would redound to Germany's advantage.
Wall Street had loaned some billions of dollars to the Allied bankers, and now the American people were asked to shed their blood to make the world safe for those loans! Peter had been urging McGivney to put an end to this sort of agitation, and now the rat-faced man told him that the time for action had come.
If the snow flake typified law sculpturing the centuries, law was a process not of a life time, not of a century, but aeons of centuries; and flesh, spirit, humanity's brevity cried out for the trancing joys of the present. If law took billions of years to sculpture its purpose, grinding down the transient lives in its way? When Wayland came to that impasse, he used to get off and walk.
Present-day society is so organized that the economic advertisement surely serves a need, and its intensity is expressed by the well-known fact that in every year billions are paid for advertising. Measured by the amount of expenditure, advertising has become one of the largest and economically most important human industries.
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