New-York tribune., 1902-01-27
GROWTH OF NATIONS WEALTH.
PROGRESS OF CENTURY IN MATERIAL
INDUSTRIES

Washington. Jan. 26 (SpecaD.-'"The Progress
of the United States in Its Material Industries is
the title of a monograph issued by the Treasury
Bureau of Statistics. which contains series of
statements which show the rapid development IN
the last century Of the important factors in the
present prosperity OF the country. These tables,
which occupy a number OF closely printed pages
show the development in products OF the field
forest, mine and mandatory. the growth in our
population, wealth and commerce, the extension
of railways telegraphs and other methods OF COM
munication and transportation. and present an In
terestng ard instructive picture Of the progress Of
the United States and its people in the period from
1900 to 1901
Among the interesting facts presented by these
tables the growth OF production 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 deposi-
tors in savings and other banks. the decrease In
interest the public debt, and many other facts
be said that the cotton produced increased from
bales In 1886 46 bales in 1900 the wool
product from 5SG21l4 pounds In to 800 500 32S
pounds in 1901; wheat from l5l 999 500 bushels In
1866 to $50 bushels In 900 corn from S67 e46
295 bushels In 1856 to 21O5 1O2 sic bushels in 1900
copper from $50 In TO 27O5SS tons in 1sO0
pig ron from loo 600 1890 to Is 600 tons In
1901; petroleum. from q 900 gallons in 1850 20
1861 233 gallons in 19O0 coal from 1858 500 tons
IN 1850 TO 267S5000O tons in 1901 and gold from So
600 600 In 1850 to S7Ol7I 900 in 1900
During the period under consideration exports of
merchandise have grown from 7Os71.7S0 IN 1900 to
81 ss IN 1901 the per capita in 1900 being 81
and in 1901 SIS The imports OF merchandise have
from $9l 252.76s in 1900 sS23172165 in 1901,
while the per capita imports have fallen from
ST 70 in 1900 TO $40 5S in 1901.
Turning to the figures which show the net re-
suits OF these developments. those relating to
wealth, circulation, deposits etc. the tables show
that wealth has increased from g 1S5 $50 600 in 1850
estimated S9 900 900 In 1900; the per capita
wealth from $S07 80 in 1880 TO 81 2S5 Sc In 1900 The
public debt less cash In the treasury was in 1865,
while the interest the public debt which in 1867
$43IS1 592 had fallen to S32 S42 T in 1901 The
figures OF money in circulation show in 1850 total
of SiS 407 252 and 1901 21T5SS7 27 The circula
ton per capita IN 1860 s13 S5. and In 1901 SOS O2
The deposits in savings banks in 1880 were SIS 93 9I
in 1888 fftythree years later, they were s024 $50
7S7. and by 1901 further period OF only eighteen
years, had reached g $50 Meantime the ma
tonal banking system had come into operation
and I'm 1865 the deposits in national banks wera
$500 910S73 in 1880, 81 452 SS and in 1901 q o44
500 600. The number of depcstors in savings hanks
grew from SsOS5 in 1890 1067061 in 1866 and s5S
723 in 1901. Railways grew from 9O21 miles In Ts5a
ssSS in 1901, and the freight carried one n1Ie
increased from 80 o2 20s 249 in 1852 to I Isa
1o9.41S tons in 1900 freight rates falling meantime
from LAC ton TO mile 10 75-1OOth OF one cent
ton TO mile ~