The Weston leader. [volume] (Weston, Umatilla County, Or.) 189?-1946, 1915-07-09

Washington. ID. C.--The decenniAl
repert on wealth. Debt. and Taxation.
sees 10 be issued By Director 8am. L.
ReKers Of the Bureau OF the Census.
Dspsrtmsnt Of Commerce. and COM
pIisA \ !nder the direction OF Mr. starks
". Cirogan. chief statistician IN charge
Of the Inquiry. will shew an increase
IN tAs national wealth OF rs per cent
In eight years: In net Federal tndebt'
eAness. Of . per cent In II years. Ia
net state Indebtedness. Of as per
cent In II years: In net county indeht
eAness. OF 80 per cent In ii years; In
net municipal Indebtedness, Of ia per
cent In II years, and IN the erueral
property tax levy. Of 80 per cent IN 10
years..
In this report are brought together
In two bound volumes all the statistics
pertaining 70 the general subject Of
wealth, debt. and taxation which have
been issued from time 70 time during
the past year In q series OF bulletins.
The bureau estimates the total val.
ue OF all ciAsseA OF property In the
United States. exclusive OF Alaska and
the insular possessions. In 1912 ut
SieT,7ss. .e0e. zee. or 1855 per capita.
This estimate ID presented merely ~
the best approximation which can be
made from the data available and ~
being fairly comparable with that pub.
liAhed eight years Ago. The Increase
between 1894 and 1919 was rs per cent
for the total amount and 10 per cent
for the per capita. Real estate and
imnroyementa. including public prop
erty. alone constituted $it0,677, ,0o0, ,O0e
or 50 per cent OF the total. In 1912. The
next greatest item, ti6,i4s.o00 900,
was contributed BY the railroads, and
the third, $f4.Get, 900 900. represented
The value OF manufactured products,
ether than clothing and 2ersonal
aacrnments, furniture. vehicles, and
Kindred property.
The net public indebtedness In 1913
amounted to $4.eSe, ,461 ,00o. This
amount was made up AZ follows: Ma.
tinnal debt, S1,O2S 1854, 900, or siO.69
per capita: state debt, s346, 900, or
Ss.S7 per capita; county debt, $751;.
b1e,oeo, or S4.SS per capita; and rnuni.
cipai debt, S2.sea. .ss3 900. or s64.27 per
capita. Thus the average urban citi.l
aarl's share 0f the net federal, state,
county and municipal debt combined
was STATS; and the average rural citl.
scfl's ahare OF the net federal. state
and county debt combined was $is.49. |
The total federal debt In 1910 was
sa.gle, sos zoo. Of which amount s967,.
ete,o00 was represented BY bonds,
Ss76,es2, zoe by noninterest-bearing |
debt principally United States notes
OF ''greenbaoks"), and Slsb73,i61 900
hy certificates and notes issued on
deposits Of coin and bullion. Against
this indebtedness there was in the
treasury Si,Ss7.66i, 900 In cash avail.
able for payment OF debt. leaving the
net national indebtedness at s1,02S.-
ge4 zee. or s10.be per capita, The in
crease In the net Indebtedness be-
tWeen leea and 1918 amounted to 9
per cent, but for the per capita figure
there was Q decrease OF IS per cent.
The burden due 10 the national debt
is thus very light In comparison with /
that imposed W the indebtedness OF
ether great nations.
The state debt however, rests still !,
more eaaily on the shoulders OF the
average citisen. being only one-third
as great as that OF the. nation. The
total state indebtedness In 1913 was
yi2s. .7s7, zoo. and the net debt--that IL
the total debt leas ainklng.fund assets
WAS $sl5,sl2, ,00e, or 1857 per capita.
The net debt increased By AS per
cent between 1909 and 1918. and the
per capita net debt BY Is per cent.
The only two states In which the
por capita state debt IN 1918 exceeded
the per capita national debt were
Massachusetts. n with net debt OF e7s.-
gbl. ooe, or e22.fe per capita, and Ari.
nona, with ss,0e6.o0o. or S1s.ss per
capita. In these states. however. the