Monday, Jan. 26, 1925
Where Wealth Accumulates
The Bureau of Census, subdivision of the Department of Commerce, calculates diligently; but diligence takes time. Last week, it gave out its estimate of the total wealth of the U. S.--at the end of 1922. The sum is quite inconceivable, consisting of twelve figures, five of which are ciphers: $320,803,862,000--in other words 320, going-on-321 billion dollars.
Of course the whole thing is a guess but as compared to a previous guess of the same kind made ten years earlier, it shows an increase of 72.2% in the country's dollar worth--an increase from 186 billion dollars to 321 billions.
The chief components of Uncle Sam's estate, with their value (to the nearest billion dollars) are:
Taxable real estate . . . . . . . . . . . . . . . . . . . . . . . . . . . .$156
Clothing, furniture, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40
Manufactured products . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
Tax-exempt real estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
Railways with equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
Manufacturing machinery, tools . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Public utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Live stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Agricultural products . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
Motor vehicles . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Gold and silver . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Wealth by states gave New York the most, followed in order by Pennsylvania, Illinois, Ohio, California, Massachusetts, New Jersey, Michigan, Iowa. Nevada came last with a total estimated wealth of $541,716,000.