Rensselaer Republican, Volume 26, Number 33, Rensselaer, Jasper County, 12 April 1894 — UNCLE SAM IS RICH. [ARTICLE]

UNCLE SAM IS RICH.

Property Valuation in 1800 Reached a Total of $65,031,001,197 Indiana’s Share. Washington Special Indianapolis Journal April 2. A bulletin has just been issued by the Census Bureau giving interest■ing figures of die wealth of the United States. The total true valuation of the real and personal property in the country at the close of the census period, 1890, amounted to $65,037,091,197, of which amount $39,544,333 represents the value of real estate and improvements thereon and $25,492,546,864 that of personal property, including railroads, mines apd quarries. At the same time the total assessed value of real and personal property taxed was $25,437,173,41% of which amount $18,846,556,675 represented real estate and improvements thereon and $6,516,616,743 personal property. The true valuation of property for 1890 is classified as follows: Real estate, with improvements -thereon $39,544,544,333 Live: stock on farms and ranges, farm implements and machinery 2,703,015,010 Mines and quarries, including, product on hand .' 1.291,291 579, Gold and silver coin and ...bullion... 1,158,771,918, Machinery of mills and product on hand, raw and manufactured..., 3,058,593,411 Railroads and equipments, including *243:898,5195treet railroads.-.. .8,685,407-,883 Telegraphs, telephones, shipping and canals 701.755 712 Miscellaneous 7,893,708,821

T0ta1..... $65,037,091,197 The figures for Indiana being now nearly four years old, are of interest principally for purposes of comparison with other States. The total valuation of all property in the State as returned in 1891) was $2,095,176,626, divided up as follows: Real estate, with improvements thereon 1,288,163,737 Live stock on farms, etc 114,533.677 Mines and quarries. 15,102.469 Gold and sliver coin and bullion... 35,610,877 Machinery of mills and product on hand... 54.920,912 Railroads and railways 310,172,111 Telegraphs, telephones, shipping and canals 9177.161 Miscellaneous 267,525,014 Indiana, with her $2,095,176,626 of property, stands tenth in the family of States. New York stands at the head of the list with $8,576,701,991. Then follows Pennsylvania with nearly $6,200,000,000, Illinois with $5,000,000,000 and Ohio with nearly $4,000,000,000. Her remaining riv-* als are Massachusetts with $2,800,000, California with $2,533,000, Missouri with $2,391,000, lowa with $2,287,000,000, Texas with $2,105, 576,766, Michigan presses Indiana closely,as she is worth $2,095,016,272. It is a striking fact that in tin amount of gold and silver coin and bullion, Indianajsurpasses California, the El Dorado, by about $3,000,000, from which it may be inferred that the old coffee-pot and rural sock are still popular in the Hoosier State. In the value of real estate and improvements, Indiana stands eighth, being exceeded only by New York, Pennsylvania, Illinois, Massachusetts, Ohio, California and Missouri. The growth of the wealth of the State is best shown by the fact that in 1850 the total valuation of real and personal property was $202,650,264; in If 60, $528,835,381; in 1870, $1,268,180,543; in 1880, $1,681,000,000; in 1890, $2,095,176,626. Thepercapita valuation rose from $205 in 1850 to $956 in 1890. v