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
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, or 59 per cent. of the total, in 1912. The
next greatest item, $16,149,000,000, was contributed by the
railroads; and the third, $14,694,000,000, represented the
value of manufactured products, other than clothing and
personal adornments, furniture, vehicles and kindred property.


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