The Washington times., 1902-01-27
OUR PROGRESS
TRULY GREAT.
Country's Material Industries
Development.
TREASURY DEPARTMENT FIGURES
The Cation output for the Year 1900
Was Nearly Nine Million nud
II Hail BaIes.

''The Progress of the United States in
Its Material Industries is the title OF
monograph issued by the Treasury Bu
reau of Statistics, which contains series
of statements which show the rapid de-
veIopmeRt during the century OF the inn
portant factors in the present prosperity
OF the country.
These tables. which occupy number of
closely printed paSes, show the develop
ment in products of the field. forest, mine,
and manufactory the growth in our popu-
lation. wealth, and commerce. the eX-
tension Of railways. telegraphs, and other
methods of communication and trans
psrtation. and present an interesting and
instructive picture of the progress Of the
United States and its people during tho
period from lSC0 to 1901.
Among the interesting facts presented
by these tables are the growth of produc-
tion. the growth OF commerce, the growth
of wealth the growth of money in circu
lation. the growth of deposits in savings
banks. and the increased number of de-
Positors in savings and other banks, the
decrease in interest on the public debt.
and many other facts OF this character.
On Production side.
On the production side. it may be said
that the cotton produced has increased
from 155.556 bales in 1900 to 9,436.416
bales in 1900: the wool product, from 35,-
SO2 ia pounds in 1s4n to 3O2, ,5O2. 1925
pounds in 1901: wheat from ISL 999, 900
bushels in 1866 to 522 800 sos bushels in
1860: corn, from S67,945, ,295 bushels in
1865 to 2,105, ,l02. SIC bushels in 1900; cop
per from $50 tons in 1850 to 270.5SS tons
in 1900: pig iron. from l65, 900 tons in
1880 to 15,SO0,000 tons in 1901; petroleum,
from q 100000 gallons in 1860 to 265l,
233,56S gallons in 1900; coal. from 1855,
$40 tons in 1850 to 267 $50 GOO tens in 1901
and gold. from $4,000, goo in 1850 to S79.
III. Geo IN 1900.
Herchandise Exports.
During the period under consideration
exports OF merchandise have grown from
s70,971,7SO il 1900 to 81. 4S7. 764 g91 in 1901:
the Per capita in 1850 being 1881 and in
1901 S1S3l The imports of merchan-
disc have grown from $91, ,252. 76S in 1890
10 SS23 Ia. .165 in 1901. while the per
capita imports have fallen from S17.1S il
1900 10 s1O5S in 1901.
Turning to the figure. which show the
net results CT these developments. those
relating to wealth, circulation. deposits,
etc. the tables show that the wealth has
increased from S1.1S5, $50 600 in 1850 TO
anestima ted Sg4, 800. coo, ,C0G in 1900; the per
capita wealth from S307.69 in 1850 to ST.,
235s6 in 1900. The public debt less cash
in lhe Treasury was in 1865, s76.9S per
capita and in 1901 was si3.44 per capita;
while the interest on the public dcDt,
which in 1867 was $l43, IS1592, had fallen
to $50 .342 797 in 1901.
Money in Circulation.
The figures of money in circulation
show in 1850 a total of $4$5, 4O7, ,252, and in
1901. s2I75, ,3S7.275. The circulation per
capita in 1860 was s13.S5; in 1901, s2sO2.
The deposits in savings banks in 1880
we're 81. .g7s. .3O4: in 1888. ffty-three years
later they We're s.. .025 S5s 1877, and by 1901,
a further period of only eighteen years.
had reached 81, ,5s7 .09i. $50 Meantime the
national banking system had come into
operation. and in 1865 the deposits in ma
tional hanks we're $500, sos in 1880. 81.
Cos 452. .S53 and in 1901. s20l4 SOC, goo
The number of depOsitoTs in savings
banks grew from 3S ,0S5 in 1880 to .067, ,061
in 1866 and 6.35S, 723 in 1901. Railways
grew from 9.O2l miles in 1850 to 199.37S
creased from 39, 302 209, ,249 tons in 1882 to
141 1872 l09 413 tons in 1900. freight rates
falling meantime from 1-24 cents per ton
per mile to 75-100 OF ! cent per ton per
mile.