The Evening standard. [volume] (Ogden City, Utah) 1910-1913, 1910-12-29
THE eIeNEss OF NEW YORK.

New York is so big that IL divided
up 1t could make three cities of the
size OF Chicago, Philadelphia and Pitts
burg, Boston, Baltimore. Cleveland.
Buffalo. San Francisco. Cincinnati, De.
troit, Milwaukee. New Orleans and
Washington are all large and splendid
cities. with many metropolitan activi-
ties, and yet New York in population
Is equal to the aggregate OF them all.
Berlin and Vienna combined would
not make New York, st. Louis could
be added to Greater Paris and still
not equal New York Greater London
the colossus of cities. Is, however, big
enough TO contain New York and Chi
cago. Barring London, however, New
York has no equal, as a metropolitan
city. Moreover. 1t is the greatest
municipality in the world under one
central governing authority.
New York Is not only the greatest
commercial city of the country. but
ii Is also the great industrial city.
According to the census of 1905 there
were in the city 20S39 manufacturing
establishments, nearly one-tenth Of
the entire number In the United
States: these had capital OF $l,042.-
946, ,4S7 constituting over per cent OF
of the total industrial capital OF the
United States. they employed 464,71b
wage earners who, with their fani-
lies constituted over 90 per cent OF
the cIty's population: there is paid In
wages 24S,12S,259 a year TO these
workmen, n sum equal to the entire
internal revenue receipts OF the Unit
ed States The total value OF manu-
featuring products in New York city
In 1905 was 81 526. .523.006, OF 1927
per cent of the total value of manufac-
tured products in the United States,
There are more manufacturing eStab-
lishments, more manufacturing capi-
tal and more value of manufacturing
products in New York city than in any
state In the Union, except Pennsyl'
vania.
The banking power of the world is
estimated at s45, $50. 100000, Of which
$17,6i2. 700 900 is in the United States
and S4,553, 100000 Is in the city OF
New York. Nearly 10 per cent of the
banking power OF the world is thus
centered in this city, statement so
remarkable that it would be beyond
belief were it not for the fact that the
United States has become the rich
b6l VI liS Siop'' shhN Sh'N .AN''
York is the most important banking
center of this rich country. In fact.
&c per cent of the banking power of
the United States. with its 21,00o
banks, is located In this city. In 1908
the total stock OF money in the Unit
ed States was S3,S7S, 500 900, of which
81. .3G2 900, 900, or 1924 per cent, was in
the banks doing duty as reserve
against the commercial and other de-
posits. OF this amount $i39,0OO,0O0
was In the banks of the city of New
York this being over sc per cent of
all the money in the banks, and over
II per cent of all the money in the
United States, whether in Treasury
banks or individual boards.
While the funded debt Of New York
city in 1907 amounted to over II per
cent of all the municipal debts in tho
United States, being per capita S142.'
so, As compared with S6492 per cap
ita in all the 15S cities combined, yet
this debt is by no means out OF pro-
portion to the wealth OF the city. The
assessed valuation of property in New
York aggregated in 1909 S7250 500, $50
II has more than doubled in ten
years In 1907 il amounted TO $lS4I95
per capita, as compared with S9G2.5S
per capita In all cities OF the United
States Moreover. the city corpora
ton owns property used in public ser
vice enterprises valued in that year
at S314i11l.59 besides land buildings
and equipment of It's various depart
ments valued at SG39 $751; 300, and
public improvements valued at $751;
255.O24. If IL should sell all this prop
erty, even at these census valuations,
Il could pay every dollar OF its fund
ed debt and have balance in cash
sufficient for it to pay Off over A. per
cent Of the aggregate funded debts
Of all the other American cities COM
biued The credit of the city is unim.
! peachable e-Bradstreets.