The Alaska daily empire., 1915-07-14
REPORT OF NATIONAL
 WEALTH AND DEBTS

REPORT OF NATIONAL
 WEALTH AND DEBTS 
 According to the report recently completed by starke N. Grogan. chief slatisucian in charge of the inquiry which has been made by the govern ment in regard to the wealth, deht and taxation of the United States. there has been an increase in the National wealth of 70 per cent in eight years; in net Federal indebted ness. of per cent. in n years; in net State indebtedness Of i4.5 per cent. in n years; iu net county indebt- edness. of S9 per cent. In n years in net municipal indebtedness. of l14 per cent in n years; and in the general property tax levy of S9 per cent. in ten years.
 In this report are brought together in two bound volumes an the sta- tistic wealth. debt. and taxation that have been issued from time to time during the past year in a series of bulletins
 Tho National Wealth
 The bureau estimates the total value of all classes of property in the United States. exclusive of Alaska. and the nsular possessions. in 1912 at s1S7 7S9,OoO,OOO, or S1,965, per cap ita Real estate and Improvements. including public property, alone com sututed Sl1O,671Ooo.OO0, or 59 per cent of the total in 1912 The next greatest item. S16,149.OO0.0O0, was contributed by the railroads; and the third, 6o40Oo.0OO. represented the value of manufactured products. other than clothing and personal adorn- ments, furniture, vehicles, and kin dred property.
 Public Indebtedness
 The net public indebtedness in 1913 amounted to $4.S5O,4ei. .OoO This sum was made up as foIlowsa National debt. S2,SS4. .SSS,OO0 or S5s27 per cap ita State debt, SS45.942.oOO, or $8.57 per capita county debt SS7i,52S.oOO or $f.SS per capital and municipal debt, S2,8S4SSS (O0O or S5427 per oap- ita Thus the average urban citi- zen's share of the net Federal State. county and municipal debt combin- ed was S72.76; and the average rural citizens share of the net Federal, State and county debt combined was S1S49.
 The total Federal debt in 1910 was S2916.2O5.COO of which amount $967 S66,oOO was represented by bonds. S375 6S2,OO0 by noninterest bearing debt (principally United States notes or "greenbacks") and S1,573,15LO00 by certificates and notes issued on de- posits of coin and bullion. Against this indebtedness there was in the Treasury Sl.SST6l1, ,o0o in cash ayali- able for payment of debt. leaving the net national indebtedness at $102S.- 56400O. or S10.59 per capita The inc crease in the net indebtedness be- tween 1902 and 1913 amounted to 6 per cent, but for the per capita figure there was decrease Of 1S per cent. The burden due to the national debt is thus very light in comparison with that imposed by the indebtedness Of other great nations.
 The only two states in which the per capita state debt in 1913 exceeded the per capita national debt were Mas sachusetts. with net debt of S79,- 55l.0OO. or S22.7S per capita. and Ari- zona, with S3,O65,0O0. or S13.2S per capita. In these states however the large per capita is due principally not to the state debt proper but to the considerable amount O. contingent debt assumed by the state in the name of the metropolitan districts in Mas. sachusetts and the counties and muni- clpalitles in Arizona.
 By far the greatest item of indebt. edness in this country is that of mnni- cipalities This amounted in 1913 to an aggregate Of S3.46O0OO.O0O. of this $2,SS4. .SS3,O 900 or $5f27 per capita is representing the net indebtedness.
 The rate of increase in net indebt. edness between 1912 and 1913 was 114. per cent
 Revenues and Expenditures
 The total revenue receipts of the National government during the fis- cal year ended June 30. 1913. aggre- gated S958. .597000 and the expendi- lures for government costs were Ss52. 601.OO0. The corresponding figures for 1903 were S6572S2,oOO and S616.7s9.- OO0 The percentage of increase in government costs between 1910 and 1913 was 54 The nature and amounts of the leading items which made up the total revenue receipts in 1913 were; Special property taxes" prln- ciDally receipts from customs and from tax on circulation of national banks), SSlS,95S,0oo; earnings of pub. lie service enterprises (principally postal receiptsl, s27O7O4OOO receipts from internal-revenue taxes on manu- facture and sale of liquor, S2S0146.- 900; "business taxes Unternal reve- nue receipts from all sources except manufacture and salo of liquor to- gether with receipts from income tax) $11S.SS5.OoO
 or the expenditures for government tai costs, tho leading items were. For protection to person and proper ty (expense of military naval. light house. steamboat inspection, revenue cutter, iife-saving, and immigration and naturalization seryices) S264.67l- GOO: for expenses Of postal service. S26410100O; for pensions, mainten- cnce of national soldiers homes etc. s1S2.Sl3. .O00: for maintenance of leg.