The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1902-02-12
THE COUNTRY'S PROGRESS.
Marvellous Development OF Cur
Material Industries.
FACTS IN TREASURY MONOGRAPH
Growth Of Production, OF Commerce and
Of Wealth In {. Century-LarKe In.
crease Of Money in Circulation, Of Do.
posts in Savings Banks and Of the
Number Of Depositors.


posts in Savings Banks and Of the
Number Of Depositors.
Washington, D. C.-"The Progress Of
the United States in Its Material In
dustries' is the title of a monograph
issued by the Treasury Bureau OF
Statistics, which contains a series OF
statements which show the rapid de-
velopnent during the last century Of
the important factors in the present
prosperity Of the country. These ta-
bles show the development in products
Of the field, forest, mine and manufac.
tory. the growth In our population,
+ wealth" and commerce, the extension
of railways, telegraphs and other
methods Of communication and trsns-
portation.
Among the interesting factspresented
by these tables are the growth Of pro-
duction; the growth Of commerce, the
growth of wealth, the growth Of money
in circulation, the growth Of deposits
in savings banks. and the increased
number Of depositors in savings and
other banks, the decrease In interest
on the public debt, and many other
facts of this character.
On the production side it may be-
said that the cotton produced has In,
creased from 1856 bales in 1900 to
9,436,416 bales in 1900; the wool pro-
duction, from 35,S02,114 pounds in
1910, to 302, 2,502, 1913 pounds in 1901;
wheat, from 51,999,908 bushels In
1856, to 522, ,229,505 bushels in 1900;
corn, from s67, ,946, ,295 bushels in 1855,
to 2,105, ,1O2,516 bushels in 1900; cop
per, from $50 tons in 1850, to 270,588l
tons in 1900; pig iron, from 165,000E
tons in 1880, to 15,S00,O00 tons in 1901;
petroleum, from 21,000,O00 gallons in
1850, to 1851, ,233, ,56S gallons in 1900;
coal, from 1855, 800 tons in 1850, to-
267, $50, 900 tons in 1901, and gold, from
$50,000,000 in 1850, to S79,171,0O0 In
1900. s.
During the period under considera-.
tion exports Of merchandise have
grown from $70,971, ,7S0 in 1900 to ST..
4S7, ,764, ,991 in 1901, the per capita In
/ 1900 being $1337 and in 1901 1881.
The imports Of merchandise have.
grown from 1852, ,7GS in 1900 to
$S23, ,172, ,165 in 1901, while the per cap
ita imports have fallen from $17.19 In
1900 to $10.5S in 1901.
Turning to the figures which show
the net results of these developments,
those relating TO wealth, circulation,
deposits, ETC., the tables show that the
wealth has increased from $7,135, ,780,5.
900 in 1850 to an estimated S94 1900 OO0,-
900 in 1900; the per CAPITA wealth from
S3O7. SO in 1850 to $1235.S6 in 1900. The
public debt, less cash in the Treasury,
was in 1866 $76.9S per capita, and In
1901 $13A per capita. while the inter.
est on the public debt, which in 1851
was S143,7S1,5 ,592, had fallen to $32,-
342, ,797 in 1901. The figures Of money
in circulation show In 1850 total OF
S435, ,407, ,252, and in 1901 $2,175,3S7,2!7..
The circulation per capita in 1880 was
| S13S5; in 1901 $2S.02.
The deposits in savings banks In
1880 were $6973, ,304: in 1888, So years
later, they were $1,024, 1856, ,7S7, and by
| 1901, further period Of only 1S years.
| had reached SO, ,597 ,O94,5S0. Meantime
| the National banking system had come
into operation, and in 1865 the deposits
in National banks were $500, 910, ,S73;'
in 1880, S1,0O6, 1853, and in 1901,
S3,044,6O0,O 900. The number Of deposit
ors in savings banks grew from 38,0s5
in 1880 to 1,O67, ,O61 in 1866 and $685.
| 1928 in 1901. Railways grew from 9021
miles in 1850 to 199,37S in 1901, and
freight carried one mile increased from
39,3O2, ,2O9,249 tons in 1882 to 141,162,-
1O9,413 tons in 1900, freight rates fall
Ing meantime from 1.24 cents per ton
per mile to 75-10Oth of cent per ton
| par mile. -