The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-08-30
GROWTH OF THE COUNTRY
TREASURY STATISTICS On PROGRESS
IN MATERIAL INDUSTRIES.
Remarkable Development I'm Ship
ping, Money in Circulation, FL
nances and General Wealth.

WASHINGTON, Aug "A moving pic
ture of conditions in the United States at
deeennial intervals from 1890 TO 1850. and an
nually from 1850 to 1902. is presented in
monograph just issued by the treasury bu-
reau of statistics entitled. Progress Of the
United States in Its Material Industries"
This monograph consists of a series or
tables showing area, population. wealth.
debt money in circulation. banks and bank
clearings and depositors. farms and farm
values. manufactures and their value, rev.
enues. expenditures. imports. exports. rail-
ways and their business. the shipping in
dustry and many other features of national
development I'm the census years from 1900
to 1870. and annually from 1850 to 1902 The
figures presented, regarding more than 100
subjects, show an interesting. and in many
cases a phenomenal growth in the indus
tries. finances. production and transporta-
ton of the country. The area has grown
from s27.S square miles in 1900 to 3.025.6Oo
square miles in 1902 exclusive of Alaska and
the islands belonging TO the United States.
The population per square mile, which was
Sc in 1910. was 2sI in 1902. notwithstand-
ing the great increase in area meantime.
The total wealth has grown from s. oOo. ooo.-
1900, and the per capita wealth from 1907 in
1850 to Sl.2s5 in 1900
In no feature has there been greater fiuc-
tuation perhaps than in the public debt and
interest charge. In 1900 the public debt
was SIS per capita: in 1910 il had fallen TO
q cents per capita In 1852 il was S2.07 per
capita in 1861. before the beginning of the
war. STA; and then mounted rapidly until
IT became s76.9S per capita in 1855. gradually
falling again after the war TO 1887 in 1850.
Sap in 1890 Sl2.64 in 1895, $3.50 in lSs6 and
$l2.97 in 1902. The money in circulation
amounted TO Sass per spita in 1850. touched
S2O.57 during the period of paper currency
below the $40 mark until 1851. when IL
reached Sill per capita BY 1892 IL had
reached $246O per capita; in 1885 IL was La,
in 1900. 1858. and in 1902 $50 per capita.
the highest point that il has ever reached.
Deposits in savings banks amounted 10 81
1856 in 1890. $e,97S9q in 1880 s43. i3l 100 in
SSI9 1O697S in 1880, sl524 s44 sos in 1890 ST. So
597 023 in 1895, and s. 597 09i $40 in 1901 Mean
time the individual deposits in national
banks had grown from $Joo9lo's1s In 1870 TO
The cause of these financial conditions
above noted-the Increase OF currency, bank
deposits, etc.-is found In other tables show
ing the development of farms, manufac-
lures and Of the various industries The
number of farms increased from I. O73 An
1850 TO .657 in 1890. the value of farms
and farm property from $1,000. OO0, 600 I'm
1850 to So, 900 000, 900 in 1900. and the value
OF their product. which was not meas
ured until 1870. grew from 81. 95S 600 IN
that year 10 s., 764. 900 In 1917. The value
OF farm animals increased from $5il0o00 900
In 1850 to 81 9Sl 600 coo I'm 1900 The value OF
the product of the manufacturing industries
grew from $1,000 100000 In 1850 10 $4,000 600 900
in 1900 while the number of people en-
ployed therein grew from less than 900, 900
in 1850 10 6,750.000 In 1890
The following table shows the figures for
"A few of the more important columns OF the
monograph for the years 1890 and 1902: