The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1915-05-21
WEALTH OF THE NATION.

Riches are in evidence i'm this
country. The national wealth is Of
fcially estimated at S1S7. T39 .0OO, OOo
or $l.965 for each man. woman. and
child in the country Such are the
figures contained in the special bull
letin. Estimated Valuation of Nation
al Wealth. which is about To be is
sued by Director Sam. l.. Rogers oi
the bureau of the census. department
of commerce. This bulletin. which
was compiled under the direction OF
Starke VI. .Grogan chief statistlcian
i'm charge of the inquiry. presents es-
Inmates of the true value of the var
iuus classes of real. personal. and
other property owned i'm each state
and i'm the District OF Columbia in the
year 1912. Comparative statistics. in
less detail. are given for earlier
years. extending as far back as 1850.
In less than two-thirds of a century
from 1850 10 l9l2-the total wealth
of the nation. excluding exempt real
estate. increased from S1136.OOO.OOO.
or s3OS per capita. to $l75.i26.O0O.-
Ucu. or 81 $50 per capita. the percent
ages of increase being 1855 for the
total and 1915 for the per capita
amounts In other words. the weiN II
uf the nation as a whole Is nearly
twenty five times as great rs II was
i'm 1880. while that of the individual Is
about six times as great. The eX-
empt real estate. which was csti-
mated ut Sl2.3li.00O 600. or 1929 per
capita. i'm 1872 includes the buildings.
other structures. and public works
owned by the federal. state. and local
government. with the land on which
they stand. together with such real
property of educational. charitable.
and religious institutions as is cX-
ompt from taxation.
The total wealth OF New York $25.
81 .0OC GOO. is the greatest shown for
any state. while Illinois and Pennsyl-
yauia. with Si5.iS4 .G0O.0 600 and sl5.-
l"N.ao0 0n0. respectively, are close ri
walls for second place Other states
~ hiCh rank high in total wealth are
Ohio. with sS.9CS. 000. 600: California.
-. fG4 O0c 600: Iowa, S7.S6S 900 900:
Texas. $6.S6O. 0OO. 600; Massachusetts.
81 3n3 900: Missouri. S5.-Si2.-
ooc.oc0: New Jersey. $5.7i3.0n0.
uno: Minnesota. S5.5i7 COO. 900: Mi
chigan. s5.427 zoe. 600: and Indiana.
$780, O0. 500 No other state is
credited with a. much as $4,000 900
u"o When the comparisons are APP
piled on per capita basis. however.
a very different showing is made.
The highest per capita figure for
wealth in the hands Of individuals
and commercial organizations-tha
is. exclusive of the nontaxabie prop
crty owned by governmental. educa-
ton. charitable. and religious institu-
tiCns-is given for Nevada. S4.S65.
Next in order come Iowa. with So
"a: North Dakota. s3.2lG: Califor-
mia. S3.ll3: Nebraska. S2.95i: Mon
tana. $2.7i3: Colorado. s2.66S; Kans-
as. S2.525: Oregon. $2523: and MI
noiS. s2.50T. In no other state was
the figure as high as $2.5O0 Only
three states-lllinOis. California. and
Iowa-for which the total valuations
were high also showed high per cap
TIA nEnreS.
That assessed valuations do not. in
themselves. furnish any index To the
actual wealth OF the various states Is
brought out in striking manner by
table showing the ratios between
assessed and estimated true yalua
tions Of property throughout the
United States. These ratios vary from
III per cent i'm Iowa To 100 per cent
in New Hampshire and Wyoming In
eleven states they are 33Ia per cent
or less: in twenty -four states. so per
cent or less: and in thirteen states.
662a per cent or more. The latest
published estimates of the wealth of
foreign countries show $10S. $50. 900. =
600 for the British Empire in 1908. of
which amount s72.997 900 900 was
credited To the United Kingdom The
estimate tor the United States i'm 1904
was $l07.lOf. 100000. The wealth of
Germany i'm 1908 was estimated at ST..
SCI. 900. 900.