The Roswell daily record. [volume] (Roswell, N.M.) 1903-current, 1907-04-03

reseats an increase in the four-year
period from 1900 to 1904 of $1S,586,-
$685.
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 1882
The various forms into which the ma
tion's wealth is divided, with their
valuations, are as follows:
Real property and improvements
taxed, $55, $40, ,22S,057; real property
and improvements exempt, $6,S31 Pa
$40; live stock, $4,O73, ,791, 1872; farm
implements and machinery, $S44,S99,-
863; manufacturing machinery, tools
and implements, $3,297, ,754,1SO; gold
and silver coin bullion, s1,99S sos, ,3O3;
railroads and their equipment, SILL
PA, ,752,000; street railways, $2,219,-
100000; telephone systems, $5S5, ,S40,-
wv, I'uI1IIlctn anu private cars, S1Zo,-
100000; shipping and canal $S46,-
4S9 privately owned water-works,
$275, 100000; privately owned central
electric light and power stations,
S462, ,851 ,105; agriculture products, 81
S99. .375 ,652; manufacturing products,
$7,409, ,291, ,6S8; imported merchandise,
1852, ,S51 ,1O5; agriculture products, ST.,
066,7 1877; clothing and personal adorn-
ments, $500 100000; furniture. carri-
ages and kindred property, $3.50 000,-
900.
The total public Indebtedness OF
continental United States in 1902 was
s., ,789, $3.50, ,120, and the total per capita
was $3.50. The total in
debtedness for the national ogver1-
ment for the same year was 1925, OIL
637, and the per capita Indebtedness
was $11.27. The Indebtedness of the
United States government is it's gross
less cash il the treasury
The total Indebtedness of contin-
entail United States in 1890 was ST.,
9S9. 1924, that of the national gov
was 1851 ,912,752, and the per
capitas were $31.76 and $13.60 re-
spectively. In 1902 the annual interest
charge on the public debt of contin-
entail United States is shown to have |
0ee1 approximately $115, ,2O6,55S, or an
annual payment of $1.46 for each in |
1ividual.
The assessed valuation of property |
subject to ad valorem taxation has in |
creased from 1850 to the present time |
out it has not not kept pace with the |
Increase il the actual national wealth. |
The total assessed valuation of prop |
erty in 1902 was $35, 1888 SIC, ,S33, |
while in 1890 it was only $25,473,173,- |
i1S The estimated true value of all
property in 1902 was $97 $40, ,749, $50, |
against S65, ,037 ,091 085. The total lev
es of ad valorem taxes was in 1902
S724,7 $50 and the tax rate per
100 of estimated true value, "A cents. |
The net Indebtedness of the country |
vas slightly less at the close than at |
he beginning of the year. In the case |
If the national government, states and |
territories and counties, the receipts
exceeded the payments, and at the |
lose 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 |
he payments for expenditures eX- |
,eeded the revenue receipts, causing |
IN increase in net Indebtedness.