The Hope pioneer. [volume] (Hope, N.D.) 1882-1964, 1915-09-09
Increase of rs Per Cent Is
Record Made in Eight
Years.
FEDERAL DEBT ALSO GROWS
Interesting Facts Brought Out In Do
oennlal Report Of Wealth, Public
Indebtedness and Taxation by
the United States Census
Bureau.

report on wealth, debt and taxation.
issued by Director Sam l.. Rogers OF
the bureau Of census, department OF
commerce, and compiled under the
direction of Mr.. Starke M. Grogan,
chief statistician in charge OF the In
quiry, will show an increase in the
national wealth Of rs per cent in eight
years; In net federal indebtedness, Of
8 per cent in II years; in net state
Indebtedness, Of 44.5 per cent in II
years; in net county Indebtedness, OF
80 per cent in II years; in net munich
pal Indebtedness, Of ia per cent In II
years; and in the general property tai
levy, Of SO per cent in 10 years.
In this report are brought together
in two bound volumes all the statis'
tics pertaining to the general subject
Of wealth, debt and taxation which
have been issued from time to time
during the past year in 8 series 81
bulletins.
The National Wealth.
The bureau estimates the total
value Of all classes Of property in the
United States, exclusive of Alaska
and the insular possessions, in 1912 at
$1sT,739, 0o0, 1000. or s1,9s5 per capita,
This estimate Is presented merely as
the best approximation which a be
made from the data available and IA
being fairly comparable with that
published eight years ago. The In
crease between 1904 and 1912 was "a
per cent for the total amount and ~
per cent for the per capita. Real es'
tate and improvements, including pub
lie property, alone constituted $1lO!
677, 0O0, 900, or So per cent of the to-
tai, in 1912. The next greatest item,
SIC, las, 900, 900. was contributed by
the railroads; and the third. 81. 694.
600, represented the value Of man
ufactured products, other than cloth
Ing and personal adornment. furni
ture, vehicles and kindred property.
Public Indebtedness.
The net public Indebtedness in l91:
amounted to s4,S50, 461,0 00. This
amount was made up as follows: Ma
tional debt, $1,028,5 1854, 900. or sos:
per capita; state debt, $345.s42, 900
or 1857 per capita; county debt, 1871.
$4,000, or s4.33 per capita: and munic
lpal debt, $2,S34,8 $50, 900, or $54.27 pei
capita. Thus the average urban cit
liens share of the net federal, state
county and municipal debt combined
was STATE; and the average rur
citizens share of the net federal, state
and county debt combined was s1s.4s
The total federal debt In 1910 wa!
s2,916, 205, 900, Of which amount 1867.
100000 was represented by bonds
S375,682,00 by noninterest-bearinl
debt principally United States notes
Or "greenbacks"), and S1,573,1 ISL, 00'
by certificates and notes issued on de
posits of coin and bullion. Agains
this Indebtedness there was in tn
treasury S1,sS7, SAL 900 in cash avail
able for payment Of debt, leaving tn
net national Indebtedness at $1,02s.
1900, or $10.69 per capita. The In
crease in the net Indebtedness be
tween 1902 and 1913 amounted tt
per cent, but for the per capita hgur'
there was a decrease of 10 per cent
The burden due to the national deb
Is thus very light in comparison will
that imposed by the indebtedness o
other great nations.
The state debt, however, rests still
more easily on the shoulders Of tn
average citizen, being only one:thir'
as great as that of the nation. Tn
total state Indebtedness in 1913 wa
$422, 1000, and the net debt-that is
the total debt less sinking.fund asset
was $345,942, 600, or 1857 per capita
The net debt increased by'S44.5 pc
cent between 1902 and 1918, and tn
per capital net debt by 10 per cent.
The only two states in which tn
per capita state debt in 1918 exceeded
the per capita national debt wer'
Massachusetts. with a net debt o
SIS, $4,000, or $22.78 per capita, ant
Arizona, with $3,o65,0 900, or 1929 pc
capita. In these states, however tn!