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Uncle Sam's Wealth

Uncle Sam's Wealth image
Parent Issue
Day
27
Month
August
Year
1891
Copyright
Public Domain
OCR Text

IIOW WE NAVIO GUOW.V. Washington, Aujf. 'Zó. - The census lurcau has issued a bulletin on the assessed valuation of real and personal jroperty of the sevoral states and territories. The valuations are shown for the years 1890 and 1880, with the exception of Michigan, whioh is for 1S8C, and of Arkansas, Delaware, lowa, Mississippi, New Mexico, Washington and Wyoming, which are for 1888. The bulletin shows that the assessed valuation of all prqperty has increased from 816,902,998,548 In 1880 to 824, 249, 5S9, 804 in 1890, an increase during the decade of 87,846,596,261, an amount equivalent to the true value of all property as returned by the United States census in 1850 (87,185,780,238). Should it be found upon the completion of the inquiry tn relatioD to the true value of all property in the United States that the same relation exists in 1690 between assessed valuation and true valuation as existed in 1880, the absolute wealth of tlie United States, according to the eleventh census, may be estimated at J62,610,000,000, or nearly $1,000 per capita, as against 8514 per capita in 1860, 8780 per capita in 1870 and 8870 per capita in 1880. The final returns showing the absolute wealth of the country will necessarily be among the last publications of this office, as completed data for the calculation are not available until after the inquiries relating to agriculture and manufactures have been finished. The state qj Illinois shows an apparent decrease of $59,200,142, because the state board of equalization declares that in 1880 the assessed value was 50 per cent. and in 1890 only 25 per cent. of the true value. Among the states showing an increase of assessed valuation are the following: Alabama.... 74,213,913iNebraska... 98,184,52S Arizona... . 13, 164,5ñ3 Nevada 4,628,375 Arkansas. . . 83.999,13 New Mexico 31,677,604 California.. . 433,524,891 New Yorlt..l,ia3.385.93i Colorado 114,439,632 N. Dakota.. 69,607,94 Idaho ... 19,140,429 Oblo 43,777,949 Illinois 59,200,142 Oregon 113,603,647 Indiana 55,056,99." Pennaylva'a 09,382,016 lowa 79,646.997 3. Dakota.. 120,097,629 Kansas 129,708,OSS,Tenneee.. 135,T3l,565 Kentucky . . . 162,051 ,535 Texas 375,477,805 Loulslana... 74,158,341 Utah 79,9Ï3,471 Michigan.... 437,783,841 Washington 100,981,756 Minnesota... 330,593,056 W. Virginia. 3u.:4,88 Mississippi.. 46,890,777 Wtsconsin. . 153,918,968 Missouri .... 253,547.952 Wyominp. . . 17,8üü,666 Montana.... 8",873,090 The bulletin further shows that in 1890, exclusive of Oklahoma, the assessed valuation per capita was 8387.62, against 5337.01 in 1880, and that, while the increase in population was 24,88 per cent. the increase per capita of assessed valuation was 43.46 per cent

Article

Subjects
Old News
Ann Arbor Register