The daily journal. (Salem, Or.) 1899-1903, 1902-06-07
Progress Of the United states

Progress OF the United states.
The Progress of the United States
In It's Material Industries" is the title
of a monograph issued by the treas
ury bureau of statistics, which con.
tains a series of statements which
show the rapid development during
the century of the important factors
In the present prosperity of the coun.
try. These tables show the develop
meut in products of the field. forest,
mine and mandatory, the growth
in our population, wealth and com
merce, the extension of railways. tele
graphs and other methods of commu.
nication and transportation, and pre-
sent an interesting aud instructive
picture OF the progress of the United
States and its people during the
period from 1900 10 1901.
Among the interesting facts pre-
sented by these tables are the growth
of production, the growth of com,
merce, the growth OF wealth, the
growth of money in circulation. the
growth of deposits in savings banks
and the increased number of deposit.
or in savings and other banks, the
decrease in interest on the public
debt. and many other facts of this
character. On the production side, II
may be said that the cotton produced
has increased from 1866. $50 bales In
1880 10 9,436,416 bales In 1900; the
wool produced. from 36,SO2. ia
pounds in 1910 to 3O2 SOP, 32S pounds
in 1901; wheat, from 15l 999 900 bush
els in 1866 to 522 .229 500 bushels In
1900; corn, from S37, SAG. .295 bushels
in 1866 TO 2,l05, ,l02,5l6 bushels In
1900: copper. from $50 tons In 1850
10 270, ,5SS tons in l900 pig iron. from
1865, 900 tons in 1880 to 10. 800 600 tons
I'm 1901: petroleum, from 2l.000.0 600
gallons in 1860 TO 2,GGl ,232 .56s gallons
In 1900; coal from 1858 ,S99 tons In
1850 TO 267 $4,000 tons In 1901. and
gold, from S50.0000O0 In 1850 TO
9.l71 900 In 1900
During the period under cOnsldera.
ton exports OF merchandise have
grown from $7O,97l $50 in 1900 10
81 ,4S7 ,7G4,9 991 in 1901; the per capita
in 1900 being 1887 and In 1901
SlS.S1. The imports OF merchandise
have growa from $91 1852. .76S In 1900
TO 1928 l72. 1876 In 1901. while the per
capita imports have fallen from Sl719
in 1850 TO $105S In 1901.
Turning 20 the figures that show
the net results OF these developments
those relating 10 wealth circulation.
deposits, etc, the tables show that
the wealth has increased from
81, 1876 $50 600 In 1850 10 an estimated
$94 800 900 600 In 1900: the per capita
wealth. from $3O76 SO IN 1850 Sl235.SG
I'm 1900. The public debt, less cash In
the treasury. was in 1865, S76.9S per
capita and IN 1901 was S13.44 per cap
tia; while the interest on the public
debt, which in 1867 was $i43.7Sl .592,
had fallen 10 $32.342.797 In 1901.
The figures OF money In circulation
show In 1860 a total of $435. 407 .252
and in 1901. S2J75.3s7,277, The cir
culation per capita I'm 1860 was Sl3.S5;
~ 1901, $2S,02. fhe deposits in say-
Rngs banks In 1880 were S6973 .O34
In 1888. hfty.three years later. they
were S1.024S56.7S7 and by 1901. a
further period OF only eighteen years.
had reached $2.597 .094 $50. Meantime
the national banking system had
come into operation. and In 1865 the
deposits In national hanks were
$500 9l0.B73; In 1850. SlO96. .452. .S53
and In 1901. S3O44.OOO 900. The mum
ber of depOsitors In savings banks
grew from 38.OS5 In 1880 10 .0G7 .O6l
In 1866. and 6.35s.723 In 1901 Rail.
ways grew from 1921 miles In 1850 %
l99. .378 10 1901. and freight carried
one mile increased from 80 .s02 209 .249
tons In 1882 10 l4l .lG2. .lOS,4l3 tons IN
1900 freight rates falling meantime
from l.2i cents per ton per mile 20
75-l0Oths OF one per cent per ton per
mile Commercial and Financial
World