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

many times more rapidly in wealth
than Rhode Island. What do we find
to be the facts
Minnesota's increase in 10 years Sic, 1928, TAB
Rhode Islands increase in ten
wears $500. $500. ~, 076, l72
But if we exclude from the comparl-
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-l74, 500 persons owned per
sonal estate valued at 80. .$4l $50, lOl
IS?O-l74, $40 persons owned per
sonal estate valued at..... 50, 47o, SO6
Iucrerse in wealth, of same pop
ulation, in ten years ...... S4o, lo2,1o4
Increase, 102 per cent. in ten years,
or 1912 per cent. per year
MINNESOTA.
136o-l73, S55 persons owned per
Sonal property worth. 500: sb,427 wv
1570-Same population owned
personal property worth. -. 5,99o, 4So
Increase in wealth of same popu- mn
lation in ten years ...... ..... s2,271 ,49S
Being an increase of 81 per cent. in
ten years, or Sd 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 fair comparison, for
tho reason that in Rhode Island
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 1860. -. $50, s91, III
g 9 g 1870 80. go. 81, 019, 5S7
Increase in ten years ...... 49,. 36.7e7 ,Sl6
This, it will be remembered, includes
the farms opened up by 26l, Jas new
settlers in these ten years; whole coun-
ties and tiers Of counties won from the
40 70 o,uiliuok c,pl fho
of 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 1860 -. -. $50, IT'S, 2O4
g &C 4" 1870 . l32, 1916, 5Sl
increase in ten years 80. $49, O98, 377
Minnesota in 1870 had population
Of $4,000; while Rhode Island had a
population of 2l7,356, 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 $l8,OO0,0OO !
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 a re-
gion Of country as large as Rhode
Island. Connecticut, and Massachusetts,
combined, from wilderness into set
tied country.
See the grand result
MINNESOTA.
hncrease i'll personal property in
ten years ........... Sl6, 32o, 74S
Years ~. .... ....i.. 49,. -. ss,7a ,sle
Total m .............. ..... $50, lie, 559
RHODE ISLAND.
Increase during same decade per-
sonal property ...... &c. 76, 172
Increase during same decade real
property ...... 4S,VS0, 67
Total .... &c.. $50. 49,. -. .$l19 ia, $40
Then take another point, that of
taxation:
In 1870 Rhode Island, upon an
assessed valuation of real and personal
property amounting to S244,21S,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 of
Rhode Island. paid taxes, State, town
and county, amounting to $2,64S,312.
That is to say Minnesota pays three
times as much taxes as Rhode Island
in proportion to her wealth; while
Phodo leland ipcreocac four times ac