Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-01-09
~ L.. SETH SCHNITMAN AND
j. w. WILLARD

-. W. MttLARD.
Washington is like no other city.
raclaiiN. socially. economically. The
time has come for fuller reliZa ton
or this fact. With the annual income
OF Westinghouse In the neighbor.
mood of S6oO,0O0,O00. with the aggre-
gate annual turnover of money con
siderably greater than the tangible
wealth of the city: with less than :
per cent of the population illiterates:
with only about per cent of the resi-.
dents of foreign birth; with high
percentage of its people living here
~ preference solely: with smaller EN-
pioyment in manufacturing, industries
ihdn IS round In cities of like and>even
smaller size; with a great degree of
financial independence among its fe-
male population: with a self-support-
ing economic compa ctness unknown
TO most other cities. ii is indeed little
wonder that Washington has wit
messed the remarkable growth which
mas taken place, more especially since
the war
THESE are the facts and a hundred
othefs that must he analysed in order
10 see. in the proper perspective the
progress Of the past and il is to these
facts. changing though they may be.
mat the alert student Of Washington
conditions will turn for an indication
~ future tendencies. The wealth of
the city could hardly lie more sound,
upward If - per cent Of the total he.
ing represented hy real estate. type
of wealth which may truly he said to
form the basis Of all wealth produc-
Ing facilities. Distributed. the wealth
Of Washington would closely approx
mate S34.0o6.00o for each of the 50
square miles nf its nd area or some
fhlng over $1,000 for each of the 500
onh residents higher ratios to land
area and To population than in any of
the States in the Union.
Tangible Wealth Great.
smaller in area than any of the
States. the District of Columbia OK.
Goods nine Of them in the matter
OF tangible wealth. Even if the esti.
mated value of Federal properties
within the city. agGreSatine more
than $500 900 900. We're to he deduct
Ell from the huge total of more than
S2.ono .eh0.uu0 tangible properties With
IN the District of Columbia would
still lie equal in value TO the com
bined physical assets of New Mexico
and Nevada, two states rich in nat.
ural resources
Climate, population, resources. the
stability of the Federal Government
itself. TO say nothing of building,
trade, manufacturing and dozens OF
other concomitants, have had their
part In bringing to Washington this
and other unique distinctions Our
past prosperity being we'll groGndei
upon this happy combination. how
ever, has been more a matter of cir
cumStance than of wise choice If
clrCumSta nee. with such foresight a s
was used in the past. has yielded such
handsome return With a per capita
income larger than in any of the
States, to what heights might this
almost spectacular growth of the
last half-decade mount were local bust
ness leaders more consciously to
analyze the relationships between
their enterprises and conditions gen
orally?
The individual business man. large
or small. conducts but a small de-
partment of the business of this
closely knit commercial entity. None
the less. his department represents
an important cog in the business of
the city and in the general welfare
of its residents. The growing inter
dependence between trade ma nufac-