Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-01
Wealth Over 100000, 900, 900.

t wealth. over OO,OOO ,OOO,OOO
The tangible wealth of the country.
the true valuation of real and personal
property, according to the census of
1870. was S3O,06s, 51S.O 900, while IN 1907
1t Is estimated at more than three
times that amount. or $1O7.1O4.:l1.917.
As far back as 1850 the per capita
wealth of the United States was esti-
mated at s3O1.69. In 1850 it had more
SI9.S3. In 1907 it had almost doubled
again. and has reached the sum of
S1.31o.11 per capita, which proves that
we are the richest people that ever
existed. In other words. If the real
and personal property belonging to the
Inhabitants of the United States could
be equally distributed among them
each man. woman and child living on
the goth of June last would nave been
entitled to S1,31O.11
In 1870 the deposits in national banks
for the whole United States amounted
to 500 .261 1858, while on the goth of
September last they were 81, 3322, $50. 141.
In 1870 the deposits in savings hanks
were S549,s74.35s, while on the Goth of
September, 1907, they were $3,Ga0,O7s,-
945.
Taking the two together and includ-
ing all the banks--national. state. pri-
vate and saYings-the deposits nave in
creased eight-fold during the last rhir-
ty-seven years-from 1902, 1881 in
1870 to Ss,023, 2ss. $50 in 1907.
In 1850 there were only PSI 1854 depositors
in the savings banks of the United States:
in 1870 this number had increased to
1.630.S 46 One person in every thirty of
the population was depositing his or her
savings where they would draw interest
Today S.5Ss-sl1 persons, or almost exact
ly 10 per cent of the entire population
of the country, have accounts in a saw
ings bank-an average of one in every ten
| men. women and children In the United
States.
| The bank clearings for the entire coun-
able figures are for $780, when the total
90" the United States was s5Ss45, 279. sos,
which has increased to $157. 749, 1928, 9l3 for
| the last fiscal year.
was $2SS,64s.0s1. while December II last
| it was 1915. .305.
| In 1870 we had only s25. 600 900 of sill
YER and gold coin. Today we have 81. 233-
105,s69, of which 1855, $50, $50 is gold and
the remainder silver.
Government Debt and Revenues.
The interest bea airing debt Of the United
States has been reduced from S2,O46,-
455.722. or s60.46 per capita of population.
In 1870. to $S69605,01 or 1925 per cap
| ita. In 1907. The annual interest cha rges
on the public debt have been reduced
from s11s. 7S4, $50. or So per capita of pop
| ulation. to $21.62S, 914, or 70 cents per cap
| tia of population.
| Notwithsta nding the reductions in war
| taxes since 1870 the ordinary revenues of
| the government have increased from $685.
| 959.S34 in that year to $663. 40. 434 in 1907,
| and the ordinary expenditures have in
| creased from s164.421, 507 to 1854, 422. $50.
| This does not include the receipts or ex-
penses of the postal service, which Is al
| most self-supporting. Last year the re-
| ceipts from postage were 1888. 585, 005. and
the expenses 1871 ,214.3S leaving a deficit
of s7.629,3S7 to be paid out of the
| Treasury.
| The total revenues of the government
in 1907 We're sS46. 725. 339, and the total
expenses 1919, S401 $50.
The increase in the pension roll has
been enormous The total in 1870 was
SOS. $40, 202. and in 1907 it is $139 ,309, 514.
| The cost of the army in 1870 was $751;
566,675. and in 1907 s122.576, 1855 The cost
| of the navy during the same period has
increased from 81, 7S0.230 to $97 12S.469
| The imports of merchandise in 1870
amounted to s435 1855. 4os. and our exports
Were s592. III ,76s that year: while in 1907
the imports were 81 ,434. 421, 425 and the
exports s1,sso.s5l.07s. In 1870 the ex-
ports per capita of population were 1917,
and. Notwithstanding the enormous in
crease in population. the per capita in
| 1907 was SCI Sc.
Foreign Commerce.
1
! States for the calendar year of 1907 has
| been larger than in any previous year If
| the history of the country, both in inn
| ports and exports. and our trade witt
! every grand division of the world Is in ex
| cess of any previous year. The import.
| during the eleven months ending Novem
| Der ~ exceeded S1.33O. 900 600. while the
| exports were worth S1.716. 100000. If the
increase has continued during December
| the total of exports will reach nearly two
| billions of dollars. The exports for No
| vember were the largest for any single
| months on record. and reached 1904 A., ,
| GEO. which was nearly seven millions q
| day Our exports to Europe were $40
| 600 900 more than in 1906. when they
| wer, larger than for any other year. Oul
tries also gained $4o,O0OOOO. Our exports
70 South America gained 100000: Il
| Asia 100000 and to Porto Rico. the
| Hawaiian Islands and the Philippine.
more than ten millions.
| The increase in exports occurs chief,
in manufactured articles. The figures o
| agricultural exports remain about thu
same as in 1905, when they were the
| largest on record.
The internal commerce of the year wa.
greater than ever before. On the grea
! lakes AMI on the railroads the moveme n
of natural products was beyond all com
parison. There was a gain of IL per cen
in the amount of iron ore shipped.
i gain of - per cent in coal and a smila
gain in corn. wheat. live stock and ever,
Iothei. important article while the freigh
charges averaged lower than for an,
| previous year
The year 1907 has been a record-break
nr in every respect. and there is no rea
] son or excuse for financial depression