Omaha daily bee., 1908-06-07
WALL STREET EYED BY FRIEND
It's Actual Physical Condition, It's Inc
conceivable Wealth and It's
Business Ways.

Wall street is one of the shortest streets
In New York City, although 1t is great>lh
historical events, having, chief of ALL been
the scene Of the first Inauguration Oh
Washington. But, although short II Is
the richest street in America and perhaps
in the world, while II gives its name 10
the financial district which constitutes
one of the four mightiest international
money markets.
The assessed valuation of the real es"
tate in Wall street, from Broadway to the
East river, mounts to $55.995,OOO while the
total assessed valuation otthe real estate
in the financial district, including wan
street. amounts to more than $AO'OOl'ON'
This latter total is larger than the as
sessed valuation of the real estate OF four
teen different states. 1t is greater than the
assessed valuation of the real estate In all
but twelve cities in the United States.
This takes no account OF the corporate
wealth represented in the Wall street dis
tr,ct. This is SO great that 1t is beyond
computation. OF the SS5, 600, O0o,COo Of Sc
curities IN the United States, S2o,0oO.Ooo.0O 900
are admitted to dealings on the New York
Stock exchange and IN 1907 the number of
shares dealt in on the exchange amounted
TO l6, ass. s24, having a value Of S14, 1915 500 lS9
while in thirty-two years the total value OF
the shares dealt in on the exchange
amounted to more than double the present
actual wealth Of the United States. The
financial headquarters Of most of the COM
panies whose securities are represented on
the New York Stock exchange are located
in buildings in the Wal Street district.
Seventy per cent of the bank clearings OF
the United States pass through the New
York clearing house located in this dis
,rict. Fully II per cent OF the total re-
CENTS Of the commercial banking institu-
tons Of the United States are in the Wall
street district. The subtreasury and the
assay office being in Wall street and most
OF the important banks of the country
the largest proportion Of he actual money
! OF the country is in this district.
The custom house belongs 10 the Wal
street district, and As per cent Of the totaI
II the United states and 60 pei
cent OF theNtotal imports OF the United
states pass through this custom house.
More business is transacted in Wall street
in a single day than in any other part Of
the western hemisphere. But this business
Is done almost exclusively in paper repre-,
sentatives OF property and products. 1t II
none the less and perhaps all the more In
portant on that account. Wall street II
the clearing house of the country, the place
where the movement OF products and Sc
curities from producers 10 consumers 4
carried on and the promotions OF the con
tlnent are financed.
The actual population OF this district i
an infinitesimal part Of the population o
Greater New York. and yet during tn
hours between 9 and 4 II contains within
lie narrow streets and its towering palace
Of business hundreds Of thousands OF bus!
people. constituting a greater congestion o
population within a narrow area than exist
in probably any other part of the world.
Now Wall street Is essentially the truste
OF other peoples property. the CUSTODIAN
OF other peoples money, the steward o