It has been estimated by excellent authority that the productive power
of the United States, including the products of agriculture, of the
mines, of the forests and factories on one turnover, exceeded sixty
billions for last year (1917). The actual resources of the banking
power of the United States, as shown by the tabulated returns, is over
thirty-nine billions, so that the United States is financially the most
powerful nation in the world; its credit is superior to that of any
other nation in the world; its actual gold in the Federal Reserve Bank
amounts to eighteen hundred millions, and in the Treasury it amounts,
with the silver included, to twenty-eight hundred millions. The power
of the United States properly organized and properly directed is
sufficient to put the United States dollar at par throughout the world
and keep it at par.