The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1874-08-20

many times more rapidly in wealth
than Rhode Island. What do we ind
to be the facts
Minnesota's increase in 10 years Sic, S2o,74a
Rhode Islands increase in ten - o.e 40
veans . ..... &c, O76, 172
But if we exclude from the compari-
son the new population in each State
and take the pro rata upon the basis
of the population in 1850, we ind the
following surprising result:
RHODE ISLAND.
1s7O-174, $40 persons owned per-
sonal estate valued at 80. .$41 $40, lOl
IS70--l74, 500 persons owned per-
sOnal estate valued at $500. 9,47o, $40
Iucrerse in wealth, of same pop
ulation, in ten years ..... ..vao, ioz,'"4
Increase, 102 per cent. in ten years.
or 1912 per cent. per year.
MINNESOTA.
186o-173, 1855 persons owned per
sonal property worth. $50: y, ~ wv
personal property worth. 49, $685., 40
Increase in wealth of same popu- ~.
lation in ten years ..... ...... S|,@l,4 400
Being an increase Of "a per cent. IN
ten years, or "a per cent per year.
In round numbers, therefore, dollar
in Rhode Island increases at the rate
Of ten per cent. per annum, while
dollar in Minnesota increases at the
rate Of three per cent. per annum. In
other worde, the THE PROSPERITY OF
RHODE ISLAND IS THREE TINES AS GREAT
AS THE PROSPERITY OF MINNESOTA.
And yet both are persued to be CO.
equal States in the same Union and
the Minnesotian thinks he has as many
rights as the Rhode Islander.
But it will be said, perhaps,
this is not a fair comparison, for
the reason that in Rhode Island a
great deal of money is invested in
jewels, statuary, savings banks, bank
stocks, bonds, notes, mortgages, &C.,
while in Minnesota we invest our earn
.ings in land
Let us look at that:
MINNESOTA.
Value Of real estate 1861. -. $50, 291 III
1870.... s., 079, 5S7
Increase in ten years 49,. 49,. sc. TEL, sl6
This, it will be remembered, includes
the farms opened up by 26l, las new
settlers in these ten years; whole coun-
ties and tiers of counties won from the
wilderness to civilization, and the value
sof the land. therein raised from nothing
to ten and twenty dollars per acre.
Rhode Island had but 42,736 persons
added to her population in the same
time; she had no new lands
to open up: her increase in
real estate is therefore mainly in new
mills, new homes, and the growth Of
towns and cities. Yet these are the
results:
Value Of real estate 1850 -. -. $83, rs, 2O4
g 6 !" 1870. 80. 1872 ,876, 58l
increase in ten years 49,. 80. $49, O98,3 77
Minnesota in 1870 had population
Of $4,000; while Rhode Island had
population of 1885, just about one
half.
If Rhode Island had increased the
value of her real estate at the same
ratio as Minnesota, she would have
made an increase of about $4,000, 900; ;
instead of that her increase is nearly
$50, 100000.
That is to say, the little crowded
State of Rhode Island has increased the
value of her real estate nearly three
times as fast as Minnesota; although
Minnesota is in process of colonization
and has during that period turned re-
gion Of country as large as Rhode
Island. Connecticut, and Massachusetts,
combined, from wilderness into set
tied country.
See the grand result:
MlNN6CVAAs
ten years ...... -. -. 49,. :. s15, 800, 74a
wears -. 49,. .:.... 49,. 49,. se,7s7 ,sl6
Total 49,. .... $500. go, l Is, 65S
RHODE ISLAND.
Increase during same decade per-
sonal property -. -. ...... <7O,U76, IT.
Increase during same decade real
property $3.50, 4S,VS0, 81
Total 49,. 80. So. =. .sll9, ia, 54s
Then take another point, that o.
taxation:
In 1870 Rhode Island, upon ar
assessed valuation Of real and persona
property amounting to $244,21S,S54
paid taxes State, town and county
amounting to s2,l7o,l52.
Minnesota, on an assessed valuation
of $S4,l35, 332, about one-third that o
q. Rhode Island, paid taxes, State, tow
land county, amounting to $2,64S,372
.~,~ pox-c thru