Evening journal., 1907-03-25
NATIONS WEALTH
$lO7,lO4,l0

The total estimate OF the valuation
OF the national wealth in 1904 was $lO7-
1Oi.192.41o. according to a special report
issued by the Census Bureau en- wealth,
debt, and taxation, which represents an
increase in the four-year period from
1900 to 1904 Of s1S5S6,SS5,CS5. This ad-
vance IN natioral wealth has no paral-
lei 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 S7.1S5, 7S0,22S. 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 Increase
Of wealth per family from 1890 to 1904
vas SlS2.
The various forms into which the na-
fon's wealth is divided with their vail
uations. are as follows:
Real property and Improvements tax
cd. S55, $40. .22S. .O57; real property and Inn
provements exempt, 36SSl,24i,51o; live
stock, s4073, 79l,7S6; farm implements
and machinery, SS44,9S9,S S6S; mannfac-
turing machinery, tools and imple-
merits. S9.2572741So; gold and silver
coin and sunion S199S, 605,303; railroads
and their eqIirnenr Sll244152'O0O;
street railways. S2,2l9, 100000; telegraph
systems S227 100000; telephone systems,
S5S5.54O000; Puilman am! private cars.
Si23.O00C00: shipping and canals. $780,
4S9 S0f: privately owned waterworks,
$275. .00OCc0; pr'Vltsly owned central
electric llght and power stations, $685.
s51.105; agricultural products, SlS99,-
3I9e52; manufactured products, N4O9,-
POI C6S; imported merchandise, $495.5fS, p
GS5. mining proCucts. St0SC66,7Sl cloth
ing and personal adormncnts, S2,50e,-
OOOCO0 furniture carr ages, and kim
cred property. S5,750'e0o,OO0.
Total Public indebtedness
The total public Indebtedness Of con-
tinental Un'ted states IN 1902 was 81
7s9. 800 l20 ana the total per capita in
dcotedncss was $3.50. The total in
dsbtednoss Of The National Gov rnment
for the same year was Sg250l1,637, and
the per N'pita indebtedness was Nl21.
The Indebtedness Of the United States
Governments is .ts gross Indebtedness
less cash in the Treasury. The total
Indebtedness of continental United
States i'm 1890 was $l999,1l2S42; that
Of the National Government was $751;
9l2,752 and the pr capitas were S3LIs
and 1880 respectively In 1902 the an
nual interest charge on the public deSt
OF continental United states is shown
to have been approximately Sll5,2O6,
SOS. or an annual payment cf Sl.46 for
each individual.
In Great Britain the per capita in
dobtedness Of al classes. national and
local. was 1893 times that Of the United
States; IN France. AS. and I'm Italy. 2.25.
The assessed vlAuation OF property
srbiect 10 ad valorem taxation has in
creased from 1850 TO tn present time,
but it has not kept pace with the in
crease IN the actual national wealth.
The total assessed valuation OF pro-
perty in 1902 was SS53SS,Sl6,SS3. while
in 1880 it was only s25,ilS.17S,4lS. The
estimated true value Of o'l property in
1902 was 7Sl0749,550, against S65,O37
O91 1877 in 1890. The total levies OF nd
valorem taxes was in 1902 s724,7S6,5S9
] and the tax rate PER 500 Of estimated
true value S0.l4.
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 Territor es ana counties the re-
ceipts exceeded the payments. and at
the close Of the year these Govern
ments had smaller net Indebtedness
than in the beginning. In the case OF
minor civil divisions. and especially
the large cities. the situation was re-
versed and the payments for expendi-
lures exceeded the revenue receipts,
causing an increase in net indebted
ness