Rocky Ford enterprise., 1907-03-29
NATIONS WEALTH
UNCLE SANS POCKET eULogS
WITH INCREASED HOLDINGS.
NO QUARTERS FOR PANIC
Only One Parallel In History Of coun'
try, Which was from 1850
70 1850.

. 70 SoVVs
Washington.-The total estimate OF
the national wealth In 1904 was Sl07..
l0l.ls2.4lo. according to . special 70.
port issued by the census bureau on
wealth. debt and taxation. which rep
resents an increase In the four.yeaf
period from 1900 TO 1904 Of Sls.6se..
ss5.635.
This advance In national wealth has
no parallel In the history Of tho United
States except the decade from 1850 to
1860.
In 1880, when the first estimates OF
the national wealth were made. the
figures were only 37.l35. .700.22 tho
most potent cause for the increase In
tho nations wealth from 1900 to 1904.
Il 10 stated, was the reaction from tho
low prices OF the period OF depression
from 1898 to 1896. The annual In.
crease OF wealth per family from 1880
TO 1904 was $ls2.
Tho various forms into which tho M.
TONS wealth Is divided. with their val.
uaiions. are Ms follows:
Real property and improvements
taxed. S55.5lo.?:s,o57: real property
and improvements exempt. S6.s3l. .ett..
$40; livestock. St.073.79l.73:: farm i'm.
plemcnts and machinery. ts&t.s99. .s63:
manufacturing machinery. tools and
Implements. 33.:s7.751.ls0: gold and
silver coin bullion. sl.sss. .soa. sos: rail.
roads and their equipment, S1.ett..
76.. 900: street railways. 81. .:is .9sS. 900:
telegraph systems S227.t00.0 900: tei0-
phone systems. $685.. $4,000: Pullman
and private cars. Si?3.000. 900: ship.
ping and canal. Ssl6.%ss: privately
owned watcrworks. 3:75.ooo. 900: pri.
vatciy owned central electric light and
power stations. Sss2. .los: aEricul.
turc products. $i.sss.375.ss?: manufac-
turing products. S7.+os.:si.6Ss: i'm.
ported merchandise. 3tS5.St3.SsS: min.
Ing products. 1tos.oss.7s7: clothing
and personal adorumcuts. $500 .00O..
property. $3.50. .ooo. 900.
Tho total public Indebtedness OF
continental United States In 1909 was
1:.7ss. $50. .i:o. and the total per capita
Indebtedness was $3.50. Tho total In.
dcbtcdncas for tho national govern.
mens for tho same year vas eS:6.0ll..
S57, and the per capita Indebtedness
vas Sii.:1. The Indebtedness Of tho
United 8t7ica government is Its gross
Indebtedness less cash In tho treasury.
Tho total Indebtedness oe coniincn.
tai United States In 1880 vas ei.ssS..
ii.,GsS. that OF the aational govern.
mcuI was Sssi .Si?. .7S& end tho per cap.
itas were S5i.76 and 4ia.s0 reapoe.
lively. In 1903 tho annual interest
charge on tho public debt Of coutiucn.
tai Unitcd States IL shown to have
boon approximately eliS.e0s. .SSs. or an
annual paymcnt OF ei.lS for each iudi'
vidunl.
Tho aascascd valuation OF property
subject to nd valoscm taxation has IN.
creased from 1850 to tho present time.
but Il has not kept pace with the In
crease IN tho actual national wealth.
The total nasCssrd valuation Of prop
crty In 100: vas Sis. .55S. .ais.s15. while
In 1890 Il was only 9:5.t15.l1s.tis. Tho
estimated true value Of all property In
100: was l3i.Sio..ts.6 $50. against Sss..
O57. 7.o9i .oss. The total lcsica Of ad va,
lorrm taxes was In 1909. e1:t.1as.SJ9.
and tho tax rate per 500 Of estimated
true value, ~ ccnNs.
Tho not Indebtedness Of the country
was slightly less at the close than nj
the beginning OF the year. In the case
Of tho national government. states and
territories and counties. the receipts
exceeded tho payments. and at tho
close OF The year the governments had
smaller net Indebtedness than at tho
beginning. In the case Of minor civil
divisions. Pnd especially the large
cities. the situation was reversed. and
the payments for expenditures CT.
cccdcd the revenue receipts. causing
an increase in net Indebtedness.