The Mount Holly news. [volume] (Mount Holly, Burlington Co., N.J.) 1891-1942, 1894-09-25
NATIONAL WEALTH.
NEW ENGLAND NO LONGER LEADS in
ACCUMULATED WEALTH.
The Great West Shown by the Eleventh
Census to Have Surpassed the Great Man
ufacturing States In the Accumulation of
Ten Years.

O1 CALCULATION.
The increased wealth of the nation is
$21, 395, O91, 1877. or $1.O39 per capita.
Twenty eight out of the 90 states and
territories exceed the average increase
per capita. OF these. only five are east
ern states-namely, Connecticut, Mas
sachusetts, New York, Pennsylvania
and Rhode Island-these five having
only an average gain of 81. 287 per cap
ita, while the five western states of
California, Colorado, Idaho, Montana
and Nevada have an average of So. 542
per capita
The only states which have lost in
the past 10 years are eastern states
Maine, New Hampshire and Vermont
Kansas, which the Populists have
pauperized on every possible occasion,
saved and accumulated more wealth
in the 10 years preceding 1890 than
did Massachusetts,. Nebraska exceeded
Pennsylvania i'll her accommodations,
while Minnesota Michigan and Wis
consin all and each passed New Jersey
in the race for wealth
Where do you find the ''robber
baron, . the ''giant robber," the
fortress Of greed and gain?" No lon
ger in manufacturing New England
Pennsylvania gives place to Texas in
the total sum of her savings, and New
York, with 20, 600, 600 of increased
wealth, has not as much to divide to
each person as those in the District of
Columbia, where factory is not known.
Mortgage and Debt.
The table prepared by the census bu-
reau shows the mortgages in force Jan.
1, 1890, giving the per cents of number
and the amounts for which said mort
cages were given From the character
of the public debates in congress and
from newspaper editorials one would
suppose that the entire mortgage in
debtedness of the great west especially
had been given in order that the people
might have money or means upon which
to live, attempting to show that the
mortgages were the result of the perilous
times through which these people have
been passing The table which is APP
pended is complete refutation of this
charge
More than half of the mortgages given
were for purchase money. We all know
what this means. An individual is able
to buy a farm or piece of real estate
by paying part down and mortgaging
for the remainder. Twenty per cent Of
these mortgages were given for improve
ments upon the property Four and one
half per cent were given for purchase
money and improvements combined
Six per cent was given for business
purposes. An individual wishes ready
cash upon which to speculate or do bust
ness. He thereby mortgages his farm.
Another owns large tract Of land, but
he wants farm machinery, domestic
animals and other personal property
with which to improve it, This carries
/. SO per cent of the whole amount.
Not Mortgaged For Money to Live Upon.
That which is said to be his family
expenses-namely, being the amount
upon which the farmer and his family
live-amounts to only 8. 40 per cent of
the number of tracts so mortgaged, or
1873 per cent of the amount so mort
gagged.
The friends of good government and
Republican control, against whom the
infamous charge Of mortgage indebted
ness has been hurled, are asked to care
fully read this table, You will notice at
the bottom of the table the total amount
of mortgaged indebtedness is $12, 094,
S77, 1893 in 1890. This was placed on
8, 517, TAT separate pieces of property.
Taxes.
BY an examination of the reports of
the eleventh census the collection Of
taxes for state, local and school purposes
in 1890 amounted to $3.50, 252, 634, or
So 90 per capita for the whole country.
These figures reveal some strange con-
ditions, so far as state, county and city
is concerned, and they fur
nish in part an answer to the great
clamor that is constantly heard in the !
congress of the United States for the !
lessening of taxes.
The southern states, divided into two |
divisions, known as tho south Atlantic
and the south central divisions, are wor-
thy of an examination as compared with
the rest of the United States. The south
Atlantic division, including the District
of Columbia, pays annually 81. 81 per
capita for all taxes, including schools, |
while the south central division pays
only 81 03 per capita, making general
average per capita for all the southern
states of $4 Ia for all state, local and
school taxes.
The north Atlantic division pays per
capita $12 50. The north central divi-
sion pays 80. 30. The western division
pays $40. 03, or an average for all the
states outside of the south of $12. "A,
being three times the amount per capita
paid by the south. Here, again, we dis
cover the difference between purely agri-
cultural states and states with diversi-
fed industries. The south, without fac
tories and industrial improvement, is
also without enterprise or public inn
How the people of North Carolina can
manage the affairs of a great state hav
ng such resources as she is capable Of
With tax levy Of $1.99 per capita for
i'll purposes, while in the District Of Co
umbia $2l. So per capita are collected,
" in Massachusetts $40. 76 are collected,
" in Nevada $22. 80 are collected, can
,nly be understood as revealing the ut
er want of enterprise in public affairs.
These figures are cited to show that In
he states where free trade ideas prevail
else partakes of the nature
# oheapness-oheap men, cheap homes,
heap roads, cheap towns, cheap rail
Dads, as against the thrift and enter
rise of New England and the great
vest.
The Question of Money.
The Democrats, having succeeded in
PASSING tariff bill which suits every
,ody, If the promises and expectations
f the trainers and champions of the
Measure are in anywise fulfilled, the
most sanguine of our people will be
,leased.
The question of money at once takes
he place of tariff in the minds of all
people and is the all absorb
ng topic Of investigation and discus
ion.
Following the lines laid down by the
Republican party more than 30 years
go, when as a party they were COM
,elled to originate and adopt a system
f currency and national credit, which
vas to be tested by the most desperate
f all methods known in history, but
which was to succeed and triumph in
ecuring place in the monetary sys-
ems of the world far above anything
ver instituted in human government
hey have continued to pursue and main
ain unbrolen through all the years of
republican control an interchangeable
currency based upon coin, every dollar
f which has been maintained and re-
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