ilable for future wants. This does
not include notes, mortgages, bonds, or any other promises to pay, nor
certificates of stock in any business enterprise, because these are mere
titles to wealth supposed to exist elsewhere,--as distinct from the wealth
as the deed is from the farm. Thirteenth, any peculiar advantages of
location, scenery, pure air, pure water and agreeable temperature, that
are controlled by owners for personal advantage or enjoyment, and can be
objects of desire to others. Fourteenth, any "good will" attached to, and
part of, particular farms, due to long established methods and facilities
in preparing or marketing produce. If such "good will" is attached to a
person rather than to the place, it is not wealth, but power.
The last two are seldom distinctly enumerated by the assessor, yet they
are clearly estimated in any exchange of places or transfer of titles.
They are owned, used and transferred like other forms of wealth, and save
future exertions to obtain them. All these are wealth because they
contribute to welfare through being accumulated materials to meet future
wants, and are to be measured in any estimate by their relation to the
wants they will satisfy and the exertions they will save.
_Future wants certain._--Wants and exertions are readily seen to be at the
foundation of all ideas of wealth as indicated above. If we are uncertain
as to the continuance of any wants or uncertain as to the conditions for
meeting those wants, we stop accumulation of materials for satisfying
them. Exertion stops unless the satisfaction to be gained by our effort is
foreseen with a reasonable certainty. The farmer is never absolutely sure
of returns for his labor upon the cornfield; but he is reasonably certain,
and is absolutely certain that the crop will not come without labor. This
assumed continuance of individual wants and their relations gives the
grand motive for wealth gathering.
The means of protection and support for physical life will be needed by
ourselves and our children. Tools of better form and machinery of better
manufacture will be needed to reduce exertion in future. Reduced exertion
for a given satisfaction will mean a fuller supply of things we are going
to need still. If these wants are fully met, we are going to have leisure
to satisfy larger and higher wants. It is the certainty that each advance
of wealth will bring advancing wants to consume more wealth, that gives a
genuine motiv
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