The state herald., 1907-03-29
NATIONS WEALTH
UNCLE SANS POCKET suLeEs
WITH INCREASED HoLDlNos.
NO QUARTERS FOR PANIC
Only Ono Parallel In History Of coun.
try, Which was from 1850
10 1860.

Washington.-The total estimate Of
the national wealth In 1904 was $107..
104.192.41o. 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 1885,
1885, ,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,
1t Is stated, was the reaction from the
low prices of the period OF depression
from 1893 to 1896. The annual in.
crease of wealth per family from 1890
TO 1904 was 1882.
The various forms into which the ma
tons wealth is divided, with their val
uations, are as follows:
Real property and improvements
taxed, $55,510.22S,05 real property
and improvements exempt, s6,S31 ,244,-
$40; livestock. $4.O73,791,732. farm i'm.
plements and machinery, $Si4, ,S99. .S63:
manufacturing machinery, tools and
implements. 3.297,754.1S0: gold and
silver coin bullion. 81 1895, ,G03, 1903: rail-
roads and their equipment. H1,244.-
$4,000; street railways. 81 .219, ,966, 900;
telegraph systems 1927. 100000: tele-
phone systems. $5s5,s40,OO0; Pullman
and private cars, $123,00000o: ship
ping and canal, $S46,4s9; privately
owned waterworks. $275.000,o00; pri-
vately owned central electric light and
power stations. $5G2,s51,105; agricul-
ture products, $780, 9,375.652: manufac-
turing products. $7.409,2 ,6SS; i'm
ported merchandise. si95.543,6s5 min
ing products. $40S.066,7s7: clothing
and personal adornments. $2,500,0 ,000.-
900; furniture. carriages and kindred
property, s5.75o.0000oO.
The total public Indebtedness OF
continental United States In 1902 was
s2.7S9, $780, 100. and the total per capita
Indebtedness was $3.50. The total in
debtedness for the national govern.
ment for the same year was S925,011,-
637. and the per capita Indebtedness
was $ll.27. The Indebtedness OF the
United States government is its gross
The total Indebtedness OF continen.
tai United States in 1890 was sl.9s9,s
1l2,S24, that of the national govern
ment was ss51, ,912,75. and the per cap
itas were $31.76 and 1880 respec.
lively. In 1902 the annual interest
charge on the public debt OF contlnen-
tai United States Is shown to have
been approximately sll5 5.206.55S, or an
.ppual pappopf NJ eI iC for auph inIi-
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 s35. .23s s.31G.s33. while
In 1890 It was only s:5. The
estimated true value OF all property in
1909 was 397.s10. .7i9.590. against s65..
037.09l.0s5. The total levies OF nd va
loren taxes was In 1909. s72i.T36. .539.
and the tax rate per 500 Of estimated
true value. "A cents.
Tho 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
teTfitories anu couh,ics, inc rcceipts
exceeded the payments, and ut the
close OF the year the governments had
smaller net Indebtedness than at the
beginning. In the ease OF minor civil
divisions, End especially the large
cities. the situation was reversed. and
the payments for expenditures ex.
ceeded the revenue receipts, causing
~ increase In net Indebtedness.