The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-04-06

i Figures OF 1903. t ~ "
Estimating the assessed valuations In
5the aggregate at 40 per cent. OF the true
valuations 1--WE are Informed that the Z
assessed valuation In Louisiana, Tor; in-$
stance,sis only about 80 10 per cent. Of the
true iyaluation), we may safely reckon,
the true valuation in all these States at
s16500, 100000, which we really believe is
an underestimate. Z ~ ut
Nevertheless, the true value OF property
In the whole country in 1860 was $685..
co., 900, or about $514 per capita, while the
value per capita in the South to-day Is
more than 5000. In the per capita calcula-
tion for 1860 slaves have been included
both in the property values and in the
population. FL y
These points are mentioned for%S the
purpose of suggesting the difficulties In
the way Of attempting to straighten out
the tanglc in which Professor Hart has
managed 10 involve the question OF the
present prosperity OF The South In COM
sparlson with that OF $780, and the ques-
ttion of tho sundoubted economic advance
&evenSin portions OF tho South which Pro-
fessor Hart has picked out with about
as much philosophy as thatHwhich would
argue against economic advance In New
4 England from certain decadent portions.
y But it may not be amiss. for the intelli-3
gent discussion Of Southern conditions,
to recall from the columns OF the Manu-
facturers Record Il few indications of
prosperity and progress. .3
-S& First, let us compare significant and
indicative facts OF the South of 1904 Cnot
South). with similar facts of the whole
count in 1860, as follows:
5 United States. The South.
1860. 1904.
Population ..... 1,4s3, 600 '25. 400, 90
Bank deposits. $3.50, 500, 900 s745.o 900 90
Railroad u mile tCs .T-T9
age .,.......... 3o,6s2 62.36o
Pig iron, tons. Il, ss4,474 2.743.3l3
Coal, tons ....,. 15.173.oOo SO. 0oO, 900
bales .......... 415s,5p 12,s7e.ooo
Corn bushels... sso 10000 6s1,746,Ooo
Cotton spIndes, 5,035, 79s s.615, 900
Exports. value. $685., $4,000 $5o9, 2i2, 900
Value. .15o, 900 600 ISIS, 500 900, 900
'Estlmntcd..
These figures, showing how far the
South OF 1901, with It's population of
se5,3oo.ooO, is in advance OF the whole
country OF 1860, with It's population OF 3l,-
f443, 00D demonstrate the marvellous pro-
gress made by the South from Its posi-
.itlon OF 1860 in spite of the war and sub
5seQunnt robbery and depression from
which recovery hardly began before 1880.
Tho progress made during the next
twenty years and continuing to- the pres
cnt is indicated in tho folloWing:
q. i5s, 1880, 1900
Population ......... 1880 coo 2s5oo, 900
Farm values:
+ Lands and im- n III
IS provcmcnts #, 81 ,s36,5l0IH sj2,o73, $50, 74
Implements and ,
machinery ,,.,.i "a, Sos,164 1c7s4s1oO
Il Live stock. n 81. 927, 9s3 0,b02,7lS
Products eco 1al5i52a 1,27l Ga, 27s
Engaged in ngri-
culture ~. 1900 3,IlTl2 5,OS1Jl7
Manufactures: 5 III,
Capital /. E. /, VI. e57a4,5d4 1,l5soo2,3e 1868
Products, value. 4b7,454,777 ass. s43l77
Wage earners... 81 So6,4G7 7S5, 40
Cotton mills:
spindlcs 1900, tsI764 Go6716s
LOOMS .......,... 14323 150s5O
Bales consumed. 233,Ss6 l,50z112
Fig iron. tons...., 3o7, s0t 9,6o4,67l
Coal, tons, ....... Cobalt "a 3a,67S,0tS
Petroleum, value, '21aso7 o2,s1S,10s
Total mineral pro- ~
ducts, value. 4 $ Il { /. 15ss2,76s
Lumber: sl.it 5s4 Il b
yaue products. sssssss issl ifIsss
Railroads. nliles.,.t5 20, 61o 52,o94
Exports, valne.,.. 2U1,214,0M 464,3I0,9lS
Assessed nroperty asif5s ssas u
Values B. so5l175,o9s 5,45755s,oal
TRUE property val- Y.
Figures FOR for isse: as ''Ss0'''9
* %lIstmntcd. 3 (. 4. III $qls HI. II
| These figures covering Agricultural,
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!s5 4. n y y,