The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1915-07-01
National Wealth Increased
rs Percent in Eight Years
Census Report Will Show
IA.,oslaled Pros. corrsspondsncei

VS. NeAANNINNAtNNfl
Washington. D.. c.. July 1.-The
decenniai report on wealth. Debt
and Taxation" soon to be issued by
Director Sam L. Rogers OF the bu-
real OF the census, department OF
commerce. and complied under the
direction OF starke NJ. Grogan, chief
statisticlan In charge OF the inquiry.
viii show an Increase in the national
wealth Of IS per cent In eight years:
In net federal Indebtedness OF 8 per
cent In n years; In net state indebt-
edness OF f4.5 per cent m n years;
In net county Indebtedness OF SO per
cent IN IL years; In net municipal IN
debtedness OF ia per cent In II
years; and In the general property
tax levy OF Sc per cent In 10 years.
In this report are brought together
IN two bound volumes al the Stats
tics pertaining TO the general subject
Of wealth. debt and taxation which
have been issued from time TO time
during the past year In a series OF
bulletins.
The National Wealth.
The bureau estimates the total
value of all classes Of property In the
United States. exclusive OF Alaska and
the lnsuiar possessions. In 1919 at
flST, 5000, 0Og. or 1896 per cap
TIA. This estimate II presented mere
Is as the best approximation which
can be made from the data available
and as being fairly comparable with
that published eight years ago. The
increase between 1904 and 1912 was
10 per cent for the total amount and
90 per cent FOR the per capita. Real
estate and improvements. including
public property, alone constituted
%stI0.677, OOO. 600. or 80 per cent Of the
total. In 1912. The next greatest
item. ti6.149. 900 900. was contributed
by the railroads: and the third. Slt.
6a4. 900. 600. represented the value OF
manufactured products. other than
clothing and personal ~adornmcnts,
furniture, vehicles and kindred prop
erty.
Public Indebtedness.
The net public Indebtedness in 1913
amounted TO &~f.S50,46l. coo. This
amount was made up az follows; Ma
tionai debt. St~.O2S. $4,000, or S1O.59
per capita. state debt. &3ij.9i2, 900.
or S3.57 per capita. county debt,
s37i.s2s.O0O. or si.33 per capita. and
municipal debt. S2,SS4.SS3,00 or
Sb4.27 per capi,a. Thus the average
urban citizens share Of tho net fed
cral, state, county and municipal debt
combined was S72.76; and the average
rural citizens share Of the net fed
cral, state and county debt combined
was $tS.49.
The total federal debt in 1910 was
s2.9l6, 2O5. 600, of which amount
1857. $4,000 was represented by
bonds. t~375.gS2.000 by n%on-interest-
bearing debt principally United
states notes or "greenhacks'). and
si~.573,I57.O0O by certificates and
notes Issued on deposits Of DIN and
bullion. Against this Indebtedness
there was il the treasury Si,SS7,6il,-
600 in cash available Tor payment Of
debt. leaving the net national indt0t-
edness at Si.02S,jG4O00, o~l0a9
per capita. The increase lu the ny
indebtedness between 1902 and 1918
amounted To . per cent, but for the
per capita figure there was "a de-
crease OF IS per cent The burden
due 20 the national debt b. thus very
light in comparison with that imposed
by the Indebtedness Of other great
nations.
The state debt. however, rests still
more easily on the shoulders of the
average citizen. being only oue-third
as great as that Of the nation The
total state Indebtedness In 1919 was
SAGE. 1900, and the net debt-that
II, the total debt less sinking fund AS
sets-was $500. 600. or 1851 per
capita. The not debt increased by
ii.5 per cent between 1909 and 1913,
and the per capita net debt by Is per
cent.
The only two states in which the
per capita state debt IN 1913 exceed
ed the per capita national debt were
Massachusetts, with "a net debt OF
S79,55lO00, or SETS per capita, u
Arizona. with 1905, 600, or SIZES
per capita. In hose states, however,
the large per capita debt is due prin-
cipally o 10 tho state debt proper
but To the considerable amount OF
contingent debt assumed by the state
in the name OF the metropolitan dis
tricts IN Massachusetts ana the Couu-
ties and municipalities len Arizona.
The total county debt In 1913
To AdHdr-N fNuNt OF Mhi'i'
amount S37i.52S.O0o. or $i33 per
capita, was net debt. The net in
debtodncss Increased by 80 per cent
between 1909 and 1913, ana the per
capita net indebtedness Boy 500 per
cent.
By far the greatest item OF indebt-
ness in this country Is that of munic-
qualities. This amounted IN 1913 To
an aggregate of $500 oo, 600, Of
which f1.sSi.SS3.O 900, or $5f2i per
capita, represented net Indebtedness.
The rate of increase IN net indebted
ness between 1909 and 1913 was ia
per cent
Taxation.
The total lcyics on real estate. per
sonal property and other property
subject Ia ad yalorcm taxation, hy
states, counties, municipalities school
districts and other ciyil divisions, IN
creased from t12f,737000, OF {9.s2
per capita, in 1909 10 I.3io,sil. 600,
or sia.91 per capita, IN 1912, the per-
centages of increase being SO for the
total amount and Oh Tor the per cope
ia.