MR. LAWYER: Wealth, did you say, Uncle Sam? Why that is just what we are going to talk about. It may be that common sense is the source of most of the wealth of the American people, but really, Uncle Sam, with all due deference to you, I do not think you can call it wealth. Aristotle said: "We call wealth everything whose value is measured by money." MR. BANKER: That definition of Aristotle has never been improved upon, and today all students, scholars and economists have accepted it as correct. And, while others have talked without limit and written books without number about wealth, no one has improved upon what Aristotle said wealth was. Just keep this simple inquiry in your minds: "Can it be sold for money," and, remember that "whatever can be exchanged for money is wealth." Let me illustrate just what I mean. If I have land, houses, cattle, horses, cotton, corn, or any other material thing that I can convert into money, they all constitute wealth. Again, if I were a lawyer, a doctor, farmer, bricklayer, engineer, musician, or painter, my services would be wealth because I can sell them or exchange them for money. Again, there is still another kind of wealth that may be described by the single word "rights," such as mortgages, bonds, stocks, bank notes, checks, drafts, bills of exchange, copyrights, patents, good will of a business, etc., all these various things are also wealth because they can be exchanged for money. They can all be bought and sold. Let us remember this then, that all wealth is one of these three things: _First_: Wealth is material, land, etc. _Second_: Wealth is labor, work, etc. _Third_: Wealth consists of rights, checks, notes, bonds, etc. MR. LAWYER: Then, if I understand you correctly, you say a man is wealthy because he has a good deal that he can turn into money. Of course I am aware that a man may be considered wealthy in one community, and in another community the same man with the same amount of wealth may be considered a comparatively poor man--in other words, everything is relative. A man worth $50,000 in some small country town may be considered, and properly so, a very rich man; but on Fifth Avenue, New York, he would be considered a comparatively poor man, because it might take $50,000 to pay a year's rent for a house. MR. LABORINGMAN: You bet I can see that point all right. MR. FARMER: It seems to me as though you have made that perfectly clear, but I want to tell you boys that when I tried to study up on this question during the week, I got all balled up on the words property and wealth, for I cannot see the slightest difference between these two words.