Diplomats -- United States -- Biography; Morgenthau, Henry, 1856-1946; United States -- Foreign relations -- 20th century
of railroads and many of these traversed the devastated country. I
say “only,” because to-day we have more than 250,000 miles of
railroad which have brought into easy communication with the large
markets of our country all our developed farms and mines, etc., and
have given the country four transcontinental routes. We had a
population of 34 millions which has now grown to more than 95
millions, of which 19 millions attend our public and two millions
our private schools, and 320,000 attend 596 universities and
colleges in which there are thirty thousand professors and
instructors and which have libraries containing 16 million volumes
of books. Our imports in 1870 were 436 millions and our exports 393
millions, showing a balance against us of 43 millions; while in
1913, our imports were 1,813 millions and our exports 2,465
millions, so that we had a balance of trade in our favour of 652
millions, and for the last seven years the average annual balance
of trade has been more than five hundred million dollars. We have
gained by immigration about 30 million people of which the year
1913 brought 1,200,000--practically equal to the population of the
city of Constantinople. This great army, besides bringing their
energy, strength, and capacity to work, also brought with them 30
million dollars in cash! I wonder if these figures give you the
faintest idea of this tremendous growth.
How was this all done?
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