The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1903-04-23
LIABILITIES AND ASSESSED VALUES
THE LIABILITIES OF THE UNITED STATES, PUBLIC AND
PRIVATE FAR EXCEED THE ASSESSED VALUE OF
THE REAL AND PERSONAL PROPERTY OF THE
COUNTRY-NO CAUSE FOR WORRY Z

The impressive figures which so work on the Advertiser would
impressive Advertiser stated them correctly which does
figures gives all 1900 but
intentionally unntenona when says the assessed valuation
OF property real and personal S65o37o9t The figures the
Advertiser found in the Sastcan and Economist for 1900
1900 and apparently from that that the Advertiser takes
them But page of that volume e assessed valuation OF real
personal property United States given S2547373S
late issue OF the Wall Street Journal abulates the capitalization OF the
so-caed $355o545I7 and of the railroads S 6S8
$25438 88 SO that that the liabilities Of
about equal the assessed valuation Of
all real personal property the country The only factor Of
figures that the assessed valuation is Of the
year figures for the and railroads. But notor
fact that the assessed valuation OF property in the United States
materially increased in late Notwithstanding increase
real values SO that the figures fully sustain the contention that the
liabilities of the railroads and alone just about equals the assessed
valuation OF the real and personal property OF the United States
The Statistical Abstract the United States for gives the fol-
lowing figures Of the liabilities OF railroads the United States in 1901
total liabilities $I232o9L526 indicating that the Wall Street Jour
nails figures overdrawn
Again asked becomes OF the Advertisers proposition
debt OF the assessed valuation OF its
public and private property when here are two classes corporations
the nations assessed valuation
property leaving all other kinds OF Indebtedness outstanding prove
o the Advertisers ipsi dixit.
other debts trng matter may be judged from the
Statistical Abstract already referred to- give
the liabilities of the national 1902,
of the savings banks $293729So In addition to
OF the national banks $3.50 100000 and OF the saw
ngs banks $o58769 which of liabilities OF the Dor
owers though the banks making total 2O476o
5 directly with the national banks and the
savings banks to say nothing OF other banks. -.-,e, -.
Assuming that the assessed value of property the United States has
fifty per since $780, which acquainted with the
subject well knows has not even then the trusts the railroads ana
the liabilities equal the total assessed valuation OF the
leaving other liabilities that the Advertiser wrong
mo debt OF the assessed val
uation OF its public and private property
pointed yesterday there fixed relation
between value material wealth and the liabilities
nation The complex and active the finance and commerce
the larger the liabilities in proportion to material wealth Any mer
charitable commodity at any one time through series OF trans
regard be the basis of times its value liabilities
Yet value from debtor to creditor along the line all
the liabilities exting1ished i'll
Advertiser argues is impossible that 100000 people
whose expenditures natan including all interest charges
$1,000 could amounting $ooOOoOooOoO how
helped by reducing the liabilities to $3.50 apiece or
$24O6534O3467 the aggregate It admitted is owed III SIN
debts approximately S38OoooooOoo as IS shown the
railroad and banking liabilities actually do amount to-
Associated Press cabegm be The Star has new
that there OF determining
with certainty But palpabe although it
NAV amusing the Advertisers thesis that mo nation
valuation OF its public and private proper
ty' is demonstrated
In conclusion be assured that the United
States billion class the Advertiser will only be called
upon pay its share.