The Springfield herald., 1907-03-29
NATIONS WEALTH
UNCLE SANS POCKET eULGEs
WITH INCREASED HOLDINGS.
NO QUARTERS FOR PANIC
Only One Parallel In History Of coun.
=, try, Which was from 1850
&c 1860

Washington.-The total estimate OF
the national wealth in 1904 was s107.-
1O4,192,41o. according to a special re-
port issued by the census bureau on
wealth, debt and taxation. which rep
resents an increase In the four-year
period from 1900 to 1904 of $1S.5S6.-
Ss5,635.
This advance in national wealth has
no parallel In the history of the United
States except the decade from 1850 to
1860.
In 1850, when the first estimates OF
the national wealth were made. the
figures were only $7,135, ,700.225. the
most potent cause for the increase IN
the nations wealth from 1900 to 1904.
It Is stated, was the reaction from the
low prices of the period of depression
from 1898 to 1896. The annual in
crease of wealth per family from 1890
to 1904 was $1s2.
The various forms into which the ma
tons wealth is divided, with their val
uations. are as follows:
Real property and improvements
taxed, $55.51O.22s.O57; real property
and improvements exempt, $6.s31, ,244,-
$40; livestock, $4,073, ,791 1872; farm i'm.
plements and machinery, $S44 4,s99s63;
manufacturing machinery. tools and
Implements, $3,297,754, $50; gold and
silver coin bullion. s1.99s. .6O3.3O3: rail-
roads and their equipment, $11,244,-
752,000; street railways, 81 ,219 ,966,OOO;
telegraph systems 1927, 100000; tele-
phone systems, $5S5, $4,000; Pullman
and private cars, $123,000.000; ship
owned waterworks, $275.0O0,OO0; pri.
vately owned central electric light and
power stations, $562. s51, ,105; agricul-
ture products, $1,s99,375, ,652; manufac-
turing products, $7.4O9,2 9,291,6SS; i'm
ported merchandise. $495 5,543.6S5; min
ing products. $i0S.066,7S7; clothing
and personal adornments, $2.5OO,O ,OOO,.
900; furniture. carriages and kindred
property. $5.750.000, 900.
The total public Indebtedness OF
continental United States In 1902 was
$2.7s9,9 1870. .12O. and the total per capita
indebtedness was $3.50. The total In
debtedness for the national govern
ment for the same year was $925,O11.-
637, and the per capita Indebtedness
was $11.27. The indebtedness Of the
United States government Is Its gross
Indebtedness less cash In the treasury.
The total Indebtedness of continen'
tai United States in 1890 was $685.
112,S24, that OF the national govern
ment was 1851. .912,752, and the per cap
itas were $3176 and 1880 respec-
lively. In 1902 the annual interest
charge on the public debt of continen-
tai United States is shown to have
been approximately $115.206.55S. or an
annual payment OF $1.46 for each indi-
vidual.
The assessed valuation Of property
subject to ad valorem taxation has In
creased from 1850 to the present time,
but it has not kept pace with the in
crease in the actual national wealth.
The total assessed valuation of prop
erty in 1902 was $35 1898. .316,833, while
in 1890 it was only $25,473. .173.418. The
estimated true value OF all property in
1902 was $97,s10.749,590, against $685.
037,O91,085 The total levies of ad va
loren taxes was in 1902, 1924, ,736, ,539,
and the tax rate per $100 of estimated
true value. "a cents.
The net Indebtedness Of the country
was slightly less at the close than at
the beginning of the year. In the case
Of the national government, states and
territories and counties, the receipts
exceeded the payments, and at the
close of The year the governments had
smaller net Indebtedness than at the
beginning. In the case Of minor civil
divisions, and especially the large
cities, the situation was reversed, and
the payments for expenditures ex-
ceeded the revenue receipts. causing
an increase in net Indebtedness.