Posts Tagged ‘dollar’

National Wealth and Public Indebtedness

December 01, 2011  |   Blogs and Blogging   |     |   0 Comment

National Wealth and Public Indebtedness

With the recent news all seemingly surrounding debt- I thought it may be interesting to add a different perspective: WHILE the lives and the wealth of the European nations are being sacrificed on a scale hitherto unparalleled, it is well in the interests of those nations, as well as of our own, that we conserve the lives and wealth of our own people. The greatest wealth of a nation is its children, its productive workers, its scientific men and other leaders, its accumulated knowledge and social traditions. These are immeasurable, but the Bureau of the Census has recently prepared a report on the material wealth and indebtedness, according to which it is estimated that the total value of all classes of property in the United States, exclusive of Alaska and the insular possessions, in 1912, was $187,739,000,000, or $1,965 per capita. This estimate is presented merely as the best approximation which can be made from the data available and as being fairly comparable with that published eight years ago. The increase between 1904 and 1912 was 75 per cent., for the total amount and 49 per cent. for the per capita. Real estate and improvements, including public property, alone constituted $110,677,000,000, ...

Switch to our mobile site