Evening star., 1932-01-25
NATIONAL WEALTH
REVEALS INCREASE
Total in 1880 Was 329 Bill.
lions Seven Hundred Mil
lions, Board Declares.
BY J. r. BRACKET,
Associated Press Stan Writer.

Associated Press Stan Writer.
NEW YORK. January 25-The total
national wealth of the United States in
1880 was 1929. zoo, ,OOO,O0O the National
Industrial Conference Board said yes
terday.
The total national income for the
game year was S7l 900 900 900.
If. the board said. these sums could
have been distributed equally among all
the families in the Nation, each family
would have had Sl096l of capital and
$2,366 Of income.
The total wealth-tangible, physical
assets-fell S32,1OO,O0O,OO or 8.9 per
cent. from 1929; while income-repre
senting the sum Of personal income OF
all individuals in the country, plus busi-
ness savings-dropped $l4, ZOO, 900 900, or
l6.4 per cent.
Per Capita Wealth.
The boards estimate of wealth and
income is the only regular and compre-
hensive similar research now being
made The last estimate of the United
States census was in 1922, showing
national wealth of $500, ,800,000,000.
Tho Per capita wealth in 1880 was
S26T7. cs compared with S2,977 in 1929,
a0d tn2 per capita income was S578 in
! ". 4 q sltll}dltu Will . tO4 III 1OSO'
The wealth per gainful worker in
Guiding the unemployed. was S6,728 in
1857. and his income was 1852. The
term "gainful worker excludes, for
instance. women engaged in household
tasks without specific pay, and children.
Among States, Nevada had the great
est per capita wealth, with $5,9S5;
wyoming was second with S4480, and
South Dakota was third with S4,356.
Mississippi was last, with $l,1l0, Similar
detailed figures for national income are
not yet available.
Distribution by States.
The figure for distribution of wealth
as compared with 1855 900, 900, 900 in
1929. The difference between the
figures for Nation wealth and for the
distribution of it by States is accounted
for by the fact that the State figures
90 not include the value of ships in the
United States Navy, privately-owned
water supply systems and gold and
silver coin and bullion, which cannot
be sllocated geographically among the
States.
1t is of interest" the board said,
"to note the increase Of national wealth
in the period of l6 years, 1914 to 1880,
both in actual or current dollars and in
1913 dollars. The value of the dollar
varies with its purchasing power BY
using the value Of it in 1918, a stable
figure for comparative purposes is
obtained)
In 1914 the national wealth, dis
tributed by States, in current dollars
was S1S8, 600 600, 900; in 1880 it was
1922, 100000 900, an increase Of II per
cent.
In 1914 the national wealth dis
tributed by States, in 1913 dollars, was
Sl69, 9,lOO,O 900 900; in 1880. in 1918 dollars
it was 1851 ,000,0 900. an increase of
35 per cent. The latter per centage
therefore represents the actual physical
growth in national assets. The increase
Of the national income by percentages
for the same 16-year period was ia
per cent in actual or current dollars"
Increase Noted.
Applying the same comparative
process to 1890 as compared with 1929
that is, computing the wealths of
1929 and 1880 in 1918 dollars-the
board found the actual physical wealth
Of the United States increased 81 ,200,-
600, 900 in 1890, despite the actual cur
rent dollar decline of s32, 100,000,000.
Following is a table showing the per
sapitsS ,weartl7r. BY States. in 1902,
Alabama, Sl,155; Arizona, S3116r
Arkansas, Sl430; California, S2692;
Colorado, S3.l65; Connecticut, S3389;
Delaware, S2.7O6 Florida, Sl7l0;
Georgia, 81 l,377; Idaho, s3,577; illinois,
S2,958; Indiana 2,786; Iowa, S4322;
Kansas, S338l; Kentucky, S1,399;
Louisiana. sl.662; Maine, 50 ,591; Mary
land S2,506; Massachusetts,, S3,l44;
Michigan. S2,4l9, Minnesota, S3403;
Mississippi, S1,ll0: Missouri, S2,8l9;
Montana. S4262, Nebraska, S3,927;
Nevada. S. 5,985: New Hampshire, S3,044;
New Jersey, $4,000; New Mexico, S2,O57;
New York, $2,987; North Carolina,
81 482; North Dakota, S3,653; Ohio,
S2659; Oklahoma. S1.683; Oregon.
S3658; Pennsylvania, s3,O68; Rhode
Island. S2,875; South Carolina, Sl,423;
South Dakota, $4.356; Tennessee, 81 ,667;
Texas, Sl.72O; Utah, S3,106; Vermont,
S2399 Virginia. S2O81; Washington,
S3342; West Virginia. $2,775; Wisconsin,
S2,744, and Wyoming, s4 480.