ited States has large supplies. As compared with
Europe, her supply of most of them is enormous. No other single country
(the British Empire is not a single country) that is now competing for
the supremacy of the world can compare with the United States in this
regard, and if North America be taken as the unit of discussion, its
preponderance is enormous.

3. _The Capital of the United States_

The United States apparently enjoys a large superiority over any single
country in its reserves of some of the most essential resources. The
same thing is true of productive machinery.

Figures showing the actual quantities of capital are available in only a
small number of cases. Estimates of capital value in terms of money are
useless. It is only the figures which show numbers of machines that
really give a basis for judging actual differences.

Live stock on farms, the chief form of agricultural capital, is reported
for the various countries in the Year Book of the United States
Department of Agriculture. The United States (1916) heads the list with
61.9 million cattle; 67.8 million hogs; 48.6 million sheep and goats,
and 25.8 million horses and mules,--204 million farm animals in all. The
Russian Empire (including Russia in Asia) is second (1914) with 52.0
million cattle; 15.0 hogs; 72.0 million sheep and goats, and 34.9
horses and mules,--174 million farm animals in all. British India (1914)
reports more cattle than any other country (140.5 million); she is also
second in the number of sheep and goats with 64.7 millions, but she has
no hogs and 1.9 million horses. Argentina (1914) reports 29.5 million
cattle; 2.9 million sheep and goats; and 8.9 million horses and mules.
The number of animals on European farms outside of Russia is
comparatively small. Germany (1914), United Kingdom (1916),
Austria-Hungary (1913), and France (1916) reported 61.8 million cattle,
46.6 million hogs, 60.8 million sheep and goats, and 11.5 million horses
and mules, making a total of 180.7 million farm animals. These four
countries with a population of about 206 million persons, had less live
stock than the United States with its population (1916) of about 100
millions.

It would be interesting to compare the amount of farm machinery and farm
equipment of the United States with that of other countries.
Unfortunately no such figures are available.

The figures showing transportation capital are fairly complete.
(_Statistical Abstr._ 1918, p