Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1914-07-16
UNITED STATES NOW
LEADING IN WEALTH
Superiority Over England, Ger.
many and France Shown
by statistician.

The wealth Of the United States
income producing property Of all kinds,
including land. factories and railroads
is now not far from double that Of
any other country on earth. according
to Sir George Paish. of the London
Statist. He figures that the increase
In wealth of the four chief nations in
the last century has been $50 per cent
IN Britain. 400 per cent in France. 700
per cent In Germany and $500 per cent
IN the United States. The wealth of
these countries now stands. he says. as
follows:
france 50,000,0 600, 00
germany 0,0OO,0OO,OW
, So,UVV,UU,VW
united states ................. $50, GOO, 00, 900
h increases In population in these
Tour countries in the last century have
oeen as follows: 1870 per cen in Brit
ain. 80 per cent in France. $50 per cent
IN Germany and 1.125 per cent in the
United States. The annual savings Of
these peoples is now about as follows:
France s, 900, 00,0M
ETHAN 5,SSS, ,SS
United States ............. 4,0OO.00O.0 600
The expansion of banking and
credits. Sir George says. is responsible
for these vast increases in national
wealth and Industrial development.
About $2,250,000, 900 of British money Is
now employed in the discount of in
ternational bills. and at least $50, O0O,-
100000 of British capital is yearly in
vested in colonial and foreign coun-
tries. France yearly invests oyer
100000. 600 abroad. m now has a
total of $4,000. 900. 900 thus invested.
Germany's foreign investments are
$25o.ooo.00 a year and now total S.
VUU,UUU.UUU. ~
In the whole of North and South
America there is now invested $780,
OOO.oo0,000 of foreign capital, including
the investments of the United States
IN Mexico. Canada and other countries.
About $4,000. 600. 900 Of foreign capital
is invested in The United States; So
6oo,o oo, 600 invested in Canada; So
5000 900 in Argentina, and ST. 800
100000 in Brazil; $4,000. 900, 900 in Aus
tralla and New Zealand. and $780,
100000 n South Africa. About $4.-
in Russia.
OF the foreign capital in Argentina,
about $l,455, 000, 900 was supplied by
Britain, $395,00 900 by France and
5000 o0, 900 by Germany.
The concentration of capital in "big''
banks has been much less In the Uni
ted States than in foreign countries.
According to Sir George, no New York
bank occupies a place in the first 16
banks in the world. These 16 and their
deposits are:
Imperial Bank of Russia ......... 1913, 0oo, 900
Lloyds Bank, London ............ 50S, 0O0, 900
LONDON City and Midland bank. 457, 900, 900
Credit Lyonnais, France ...., 435. OO0. 600
London County and Westminster
bank 4so, 900, 900
dleuusche bank, Berlin ........... 1884, 0O0, 900
Societe Generate. Paris ........ 1853, OOO, 900
6ahk OF ENGLAND ..."...:".... $4,000, 900
National Provincial Bank of
Englnd 5000 900
~l7ongkong and Shanghai Bank of
of Corp. 300, 900, 600
barclay Co, London ........... 296, 000, 600
Gometoir Nat. d'Escompte, Paris 275,o OO, 600
Bank of Spain 274.OWD 600
Direction der Disconto-Gesell-
schaft 243,o oo, 900
1Jresdner bank ................. 233, 00O, coo
National Bank of Argentina -. 100000 900
The National City bank Of New York,
the largest North American bank, has,
by the statist's figures, somewhat over
S2l5,o0o.00O in deposits, which is $3,-
100000 greater than the deposits in
PARIS bank of London. The three great
Austrian banks have $3.50, OOO, 900 in de-
posts, in toto.
The total bank deposits in 1918 in
Britain We're $1,000, o00, 900; in Germany,
$2,340, 000, 900; in the four great banks
of France, $1,350, 0OO, 900; in the United
States, over $4,000, oO0, 1000. Savings
bank deposits, not included in the above
totals, are as follows: In Germany, 49,
OO0, 0O0, 900: in France, over $1,14O. 000,-
900; in the United States. 81, 875, 00O, 900.
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