The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-11-13

NEW YORK. Nov. l2.-An analysis
of the American dollar. its purchas-
ing power and relation to production
and taxes, is afforded in he findings
of the National Bureau Of Economic
Research, made public here in ad-
vance of the formal publication Of the
in the United States
After announcing that the total ma
tonal income Of the United States in
1918 was s61 900 900, goo, as compared
with 400 600 600 in 1913, the study
shows how income is distributed the
shares received by capital and labor,
including the farmer, income tax dis
crepancies, rhe construction Of house.
wives and offers a comparison Of in
come in the United States with the
national and per capita incomes in
the United Kingdom. Germany and
Australia. The complete findings will
be published early in November.
Although 1918 showed Il great in
crease in dollars it did not represent
like increase in production, most
of it being due to the rise in prices,
for the dollar of 1918 and 1919, ac-
cording to the report, was a much
less efficient dollar than that OF 1913.
The actual total of commodities pro-
duced increased, therefore. very little
II at all and a large part was war
materials and not a kind really pene-
fitting. consumers.
Exhaustive Study of Question.
Individual incomes. estimated on a
per capita basis. rose from s340 in
1910 and 1854 in 1913 TO s5S6 in
1918 but, the report says, 1856 in
1918 was equal to only SS72 in terms
OF the purchasing power of five
years before. The study, said to be
the most exhaustive ever made oI
The income question in the United
states, was conducted by Wesley Clair
Mitchell, Williford |. King. Frederick
| Il. Macau,ay aud Oswald w. Knautn,
under the auspices Of board OF l9
directors. including mon prominent IN
! business. education labor, agriculture.
economies practical statistics and rep
[ resenung divergent points OF view.
One per cenr Of income receiver
/ in the United States had ii Per cent
Of the national income or SS,J4O,OOO.
coo in 1918. according 10 the report
That IS 10 say that one out Of 100
/ had incomes OF s. 900 or more. Five
per cent. representing incomes above
/ sS 200. had 2G per cent OF the total
| Ten per cent including incomes above
s. 900 had nearly 50 per cent Of the
total Those having incomes above
sl.75O had A. per cent Of the total
Eighty per cent Of those receiving
incomes below $3.50 had about 81
per cent OF the total income.
The report further shows that ii
most Of the years since 1919 in tht
principal organized industries, wages
and salaries were about 70 per ceni
Of the total income while capital (n
Guiding management received abou
30 per cent. out OF which were paic
rent, interest and profits but thes'
proportions varied materially with
relative prosperity and depression.
The share OF capital III 1910. fol-
example. Increased to about 50 pei
cent. with % per cent. 10 labor, wMl'
in 1919 capitals share fe0 10 aoou
- per cent while labor received
about IS. or the total payments Il
employees in the highly organized in
dustries. the report shows. about y
per cent goes 10 the manual work
ers clerical statfs. while eight Pc
cent goes TO officials.
Light is shed OF the increased IN
come Of farmers IN the period fron
1910 to 1919 Agricultursts. win
during The past decade have mad
!. ~ about Ii per cent Of the tot1
Of the saiuiully employed. accordn
to the study. received from - 10 ]
per cent OF national income in IN
/ years between 1910 and 1916 inclt
/ slve.
Sources Of production and nations
income. the bureau states. taking
, general average since 1910 show tina
e agriculture contributes ABOUT IL pe
cent Of the total man JfactGring abot
I 80 per cent. trans portation about min
per cent, government about five pc
cent. mining little more than thr,
a per cent and banking little mo-
than one per cent The many mi
cellaneous employmenti, professions
men, retailers. iobbers, merchants
domesticS, etc. too numerous 10 IL
4 specifically. contribute 90 per cen
Q In other words. the report says. hlgl
/. iy organized American industries, eve
4. It We include all manufacturing. mi
J ing. transportation, banking aud 20