New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-03-21
WEALTH or TIE COUNTRY.
AN INTERESTING BULLETIN JUST ISSUED
FROM THE CENSUS OFFICE.
AN AVERAGE OF ever $1,000 FOR EVERY MAN.
WOMAN AND CHILD IN TIE UNITED STATES
NEW YORK LEADS IN WEALTH WITH
PENNSYLVANIA SECOND.
,BY TELEGRAPH TO THE rl.lnuxrl

NETWORK LEADS IN WEALTH WITH
PENNSYLVANIA SECOND.
,BY TELEGRAPH TO THE rLlnrxE)
Washington. March .O.-.fnc Census Office has
just issued bulletin on the Wealth of the United
States" which is one of the most interesting Of
the many bulletins issued from that Office The
matter embodied in this publication collected
and prepared in the wealth, debt and taxation d.
vision under the supervision OF j. X. Upton. special
agent In charge OF these inquiries. Mr.. Upton
places the true valua ton of all tangible property
in the United States In 1880 500 0310 .l91 The
term true valuation" is used to a fair selling
price. and not assessed valuation or the valua-
ton put upon property taxed for taxation pur-
poses.
Compared with true valuation statistics Of the
wealth OF the United States In 1880 those figures
show an increase in wealth in round numbers dur
ing the last decade of $22,JooO)o,oco During four
prior decades the valuations shown by Census
Office statistics follows: III 1870 S. 80 eUooO
1880. $1,000 10000; 1870. $30000C0,OD; 1880. Si3-
O0O0O0.00o.
The per capita true valuation wealth Of the coun-
try at these different census periods Is placed at
$3Os in 1850 at 1914 in 1862 at $50 in 1870. at $50 in
1885, and 81 039 in 1850 The 1870 values stated
in terms of the deprecated currency of that year
and for purposes of comparison with other periods
the amount OF wealth reported should BE- decreased
about 20 per cent, the average gold premium being
that year.
The assessed valuation OF real estate and personal
property taxed during these decades indicates in
all the periods-cerainly during the last decade
Il considerable exemption from taxation OF real es-
tate and great evasion or omission OF taxation
on personal property In 1870 the assessed valuation
OF real estate ana peTsonai propcry IN ,nT sS s
5oc.coco; in 1850. n7eoc3o0. and IN 1870 ~,
5cOOCocoo. In 1890. the first census year in which
the exemptions and differentiation assessments are
shown. the true valuation OF the real estate ana
improvements taxed in the country Is paced AZ So
III 209J0S and that exempt from taxation at $NE5-
33j 22j a total OF $500 r0.er while the assessed
valuation Of real estate and improvements upon
which taxes were levied only $lS.gJG5J6.0f9:
The true valuation Of all property IN the I nited
States-exclusiye OF Aaska-in 1880 Is CLASSIFIED as
Real estate and improvements. $780, i4$33; i've
s5oSk on farms SnG 5anFf mines and qnpr &
2sl.57s: gold and silver coin and bullion $lls.,tSiS
machinery Of mills and pr0dH'i n ON nn street Ts
roads. sS6, 40 323 ,elegraphs telephones shpplng
and canals. s7ol l57l2. miscellaneous. S1S%'oSSE
In the tables showing valuations in the different
States New-York ranks first with a wealth placeTl
Illinois third at jOG6 .7l9 and then ohio sgd
$3.50 and MASSACHUSETTS. s2S9G4';HI california
S3G27 Missouri AT &c. 97 eO2 9i5 Iowa at S22s7$ta
Texas at s2l5.576 100 Indiana at %g so,S-' Men,
~ s. 7ee 3tS 50 Minnesota at 81 Gn 81 s27 New-Jersey
at 81 AS 2S5.1l4 Nebraska at $l2196<S4. hentucky
,S a., 81 0s Ia 0is The other less wealthy states
and Territories range downward with Oklahoma me
est States are in the North Atlantic and North
Central divisions and the wealth OF the Nnw-Eng-
vanja alone aggregate s2 5CO.0Doco or nearly me
third OF the entire wealth Of the country; me
Kansas aggregate more than $1,000 10000 or more
than one-third. while the southern states. IncIui-
ing Oklahoma and the Indian TeTT9 bg
OF the entire wealth OF the country.