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The Value of Money

Note 269 — Chapter XIII

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The figures for rent and wages are from W. I. King, op. cit. The other figures are from the Statistical Abstract of the United States, unless otherwise stated. King's estimates are for 1910. The other figures are for 1909. Compare this list with my discussion in the Annalist, March 6, 1916, p. 317, where I made computations purposely much too large. In that computation I clearly greatly exaggerated salaries and professional incomes, and rent as well as retail and wholesale trade. My figure there included the rent of houses as well as the rent of land. King's figure is only for land rent. However, in view of the fact that a high percentage of real estate is used by the owner, with the result that no rent-payments are required, I think King's figure high enough for the whole item.

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