The Coalville times. [volume] (Coalville, Utah) 1894-1923, 1895-05-10
RICHES OF THE WORLD
AMERICAS AGGREGATE rs BY
FAR THE LARGEST.
Per Capita the United States Take Fourib
Place. the Unitod Kingdom Leading
All other nations with Valuation or
$500 Per Head.

country that the United States stands
nt the head Of tho nations Of the world
IN aggregate wealth and the equality OF
/ IT, diHtributlon This IN probably true
IN the narrow sense that the aggregate
! valuation Of property IN the United
states II larger than In any other coun-
| ny, but. according 20 the 81 Louis
Globe Democrat. II is not true In the
sense Ia which II ~ generally under
stood that the average wealth per In
] dlFidual ~ greater N the statistics u
European economists regarding their
own countries can be accepted aH trust
worthy The aggregate Tor the United
states IL larger than FOR any other coun-
/ ny because the population IL larger
lhnn That ~ other great commercial ma
lions. but tho proportion ~ wealth to
the population n less than In Australia.
Great Britain and France. The figures
/ Tor Australia, however are not really
indicative of tho wealth held IN that
country. az The property Of the island II
/ very largely mortEaEed TO British cap
itailsts
England stands prc-cmincnt IN the
actual holdings % wealth by her own
people The caumate of the wealth of
tho United Kingdom ~ Great Britain
ana ireland made by Dr. Robert Glnln
IN 1855 was nO.055. O1O. 0OO or about $50
100000. 900 The classification Of this wall
uation was about $500. 900 Tor land.
f''t'o. 100000 FOR contradictions. f17. 00O.-
uOoVDl FOR foreign Industrial and ma
uonal HccuritlcH ana public funds. S.
VVvvvo'00O Tor English national and local
public funds aud 5000 600 900 Tor move
nhlon ana tools Of trade This estimate
~ somewhat higher than that made by
Mlchhol u. Mulhall In hls Dictionary
or stntiaiIcs' FOR 1899 His figures for
leeo are tsi0o.COo0OO. or about $4,000
VVVV0O, an Increase of 81 400 OOO. 900 over
less Dr. Gihn'B estimates were based
primarily on the Income tax Of Eng
HHhinen as shown by the Income tax
returns. which he proceeded 10 capital
l<e at various rates uf interest Or GLE
IN has given much study 10 the subject
nnd took account Of many other eie-
mcntn and much data besides that Of
the income tax.
The population Of the United Kingdom
In 1855 was aG0is. PSI. which would afford
an average valuation OF about 81 $50 per
mead. or 1880 Tor a family OF Ave. The
hgures would show considerably high
or average for England. Scotland and
wales n Ireland were excluded. The
average. even for the United Kingdom.
" higher than for any other country
except Australia. whore land values nee
large element IN the reported wealth.
Thls Inclusion OF land values In thlnly
settled countries, where much OF the
land " unimproved, " subject 10 more
or less criticism In AN effort 10 ascertain
the degree of afiiuenco of the people. and
adds greatly TO the apparent per capita
lNF
like Nevada, Wyoming and Arizona.
The wealth OF France IL placed by
several % her leading economists at
loO'0O0.0o0.000 francs. or about 10000
Vpo,OOo which affords valuation OF
sl,osi per capita, or 1905 per family OF
hNe' France ranks second IN wealth
among the great commercial nations
ANA shows much more even diffusion
OF wealth among the masses than Great
britain. There IN slight difference
between the estimates 81 NJ de Fovllle
ana those given by Prof Charles eide
In the last edition Of his "Prlncipes
d'Economic Poiitiquc ns TO the cinsal-
ncatlon of French property. but the DIFF
ference appears to be due 10 the differ.
ent manner OF setting on negotiable
securities against the property which
they represent Prof eide gives SIS
OOo'o)O.ooo In lands. 10000 900. 900 In
houses, uG,00o,OOO 900 In negotiable sc.
curitles and $1,000. 900 900 In movabiea |
aud money. making a total OF AS.OOO.- |
100000; hut he dc let's 5000. 900. 900 go |
milliards of francsl Tor national aecurl- |
Ties and MORTGAGES held In France |
against French property. In order 10 |
avoid the dnlllcation OF figures. NJ.
de Fovillc. al quoted by Prof. Claudio |
4 IA "a Ia - =. -. -.
In Finance" gives the figures nj 4il..
900 900 900 for securities. SO. 900. 600 900 for
land. 5000, 900 for buildings and 81
oOO'OoOOOO for movahles and tools not
represented by securities.
II IN the great wealth OF England ana
her large Investments abroad which
enable her 10 dominate the money mar
ket through the London stock eN-
change. Prof. Jannet declares that In
1880 there were quoted on the London
market 2,tSs securities and az Paris only
$50. Prof Glide, In speaking OF the
growth OF stock investments. declares
that In 1915 only Ave securities were
quoted on the Paris bourse: In 1860
i02, ana In 1898 more than 1000. The
political success OF Germany In the
Franco prusaian war and the settle
ment OF the French Indemnity brought
Berlin within the circle OF the worid'r
great money markets. and 1900 Hecurl.
Ties were quoted In 1890 on the Berlin
stock exchange, but since that date
Berlin has fallen behind Paris as n
financial center, Prof Jannet thus OK.
plains the financial supremacy OF Lon.
don among the money markets " the
world.
Paris II far below London as the place
OF liquidation OF international engage.
mcnts. London. thanks 10 the none
tary system based upon the gold stand.
ard and TO the grandeur OF British com.
merce. has concentrated the market FOR
the precious metals ana almost the en-.
tire market for exchange between Eu-
rope ON the one side and the extreme
east ana North America on the other
one has only TO cast glance over the
annual reports ~ the customs bureau
TO see that France IL able 60 reetlate
her purchases In the United states. An
India and In China only by the inter.
vention of England II Is the same with
other countries OF Europe, Foreign gov.
ornments, like Germany and Russln
keep considerable deposits regularly I'm
the banks OF London TO protect their
treasury operations.
Whyi HorribIei
Did ye ever hear Of desc priests in