New-York tribune., 1906-11-27
VIEW YORK'S BILLIONS.
rF4LTH OF THE STATE.
Increasing Orer $500, 900, 900 a Year,
according to Census Bureau.
From The Tribune Bureau J

..,,e+on Nov. 26-New York's marvellous
-aase in wealth in four years. which continues
,,ean the Empire state in the lead as the
-. of all American commemorative, is strik-
stourn in figures just completed by the
..,s Fr,reau. TO be issued soon in the form
~ g monograph.
-ro ,rosperity which all the states of the
80, have enjoyed IN recent years has been
- than shared by New York. which has
.sonn 2 material and unfaiing gain in all its
.,,,-oss Of wealth It has contributed more than
,-r other state 10 increase the percentage of
r-ov-,b in the grand total Of the national wealth
rb,ch the census shows climbed S1S.OOOOoO. 900
:. ,ts neriod from 1900 10 1904 The total
r.oltb Of New York, as represented In this lat
.s. census is nearly S150o0.OO0Go0. while that
:. The United States is little over S1O7, ,OOO.-
e00O00
The items considered as wealth" in the COM
nnation prepared by the Census Bureau are real
rroperty and improvements, livestock. farm i'm
rlements and machinery. manufacturing ma
cbinery. gold and silver coin and bullion. rail-
-oads and their equipment, street railroads. tele-
eraph and telephone systems. shipping, canals,
xsterworks. electric power stations etc. and
unclassifed property. In these investments the
State of New York al the end Of the year 1904
had total Of S14. .T69 042 2O7. In 1900 the total
wealth was S12 5O5, ,330 137. the increase. there
FIRE being more than S5O0.O00OoO a year. or to
be exact. So 263. .712,070 in four years.
No other state approaches these figures within
several billions except Pennsylvania, the wealth
NJ which. according TO the recent compilation by
the Census Bureau. is S11,473, ,620,306. The
three other richest states are Illinois. with a
Total Of SsS16556. .19l: Ohio. So $40 969. 400. and
Massachusetts,. 81 956.5 .9l3 1t is a fact worth
noting that the five states mentioned have kept
az the head Of the wealth column in the last ten
years since & previous census estimate, and in
the same order None Of them. however. has
eoualled New York in the percentage of growth
in wealth in four years. though there has been
& tremendous increase in Pennsylvania, espe-
cially in railroads and equipment.
An interesting feature pointed out by the stat
isIicians il connection with the figures indi-
eating the total wealth OF New York is the fact
that large amount Of the increase is repre-
sented by public property, the expenditures on
the subway and other public improvements in
New York City being large factor. This prop
erty Is classified in the census estimates as ex-
empt from taxation. It's growth in New York
Il four years has been enormous amounting TO
about S3oeooo0eo- This has resulted in an in
crease Per capita OF the property untaxed from
Sl36 in 1900 70 S16S in 1904. The total taxable
property per capita was S15S4 in 1900 as
against Sl.7"o in the 1904 census estimation
completed Is believed TO he the most accurate
ever made by the bureau for this purpose. Spe-
cal care was exercised in collecting the figures
n al parts or the country. In New York the
report OF the state Tax Commission was util-
ized IN making the enumeration of taxable
property, but the census investigators also re-
LAC on the work OF special agents. the reports Of
correspondents and reference TO statistical pub
hcations of a trustworthy character. BY max
ing Use Of information from all possible sources
ana checking The figures carefully il is believed
an exceptionally accurate Ia bic was prepared.
FOR The value Of livestock and farm machinery
ne bureau had available the recent agricultural
census: the report of the director OF the mint
showed the amount OF gold and silver coin and
bullion III the state as accurately as was pos
Snie 10 ascertain. and a bulletin of the Inter-
slate Commerce Commission supplied material
loL hgures as 10 railroads and equipment
Inc chief items Of the wealth OF New York
ssioe from about TWO and q half billions in minor
Items, are shown in the following table:
Reai Tr0qer-y and movements Sc 151 a7a os1
1s9. 6e2. 043
5a7n implements and Chinery. ...... 6s SOC 3o6
--s1l.aetl-iHs machinery, tools and imp,e-
ca as ........-.... 4sG.774 713
lg1a a7o silver coin and bullion ........ S32 42s
ra.iea-S ana their eCuirrnent
EtL++l railroads telegraph and teiephone
t-. pullman and private ship
-. tahas. waterways and electric light
-- t-"sr st7'-0-s 151 475 505