PRODUCTION, INDUSTRY, COMMERCE 517
county board of supervisors and the State board of equalisation equalise value of real estate. Assessment of personaltj' is not equalised. Corporation taxes include organisation taxes on domestic, and license taxes on foreign corporations, annual franchise taxes and various taxes on different classes of corporations.
The State revenue and expenditure for 1911 were respectively as follows: —
Dollars Balance in hand, Oct 1, 1910 .... 22,411,113
Receipts, Oct. 1, 1910— Sept. 30, 1911 . . . 66,937,902
Total 89,349,015
Disbursements, Oct. 1, 1910— Sept. 30, 1911 . . 69,163,624
Balance, Oct. 1, 1911 .... 20,185,391
The total bonded debt of the State, Sept. 30, 1911, amounted to 77,230,660 dollars The assessed value of real property in 1910 was 9,689,001,868 dollars; of personal property 482,499,193 dollars; total 10,121,501,061 dollars. New York is the wealthiest, as it is the most populous, of all the States of the American Union. According to the estimates of the Federal Census Bureau, the aggregate value of ail property within the State in 1904 amounted to 14,769,042,207 dollars, of which the sum of 9,151,979,081 dollars repre- sented real property and improvements. The property included under the heading "personal property" comprised : —
Dollars
Live stock 189,662,043
Farm machinery and implements . . . 58,806,300
Manufacturing machinery, tools, &c. . . 486,774,713 Goldandsilver coin and "bullion . . . 412,832,428 Railroads and their equipment . . . . 898,222,000 Street railways, shipping, water-works, &c. . 1,151,475,505 Other property 2,419,290,137
Total personal property ..... 5,617,063,126 The City of New York in 1909 had total receipts amounting to 402,314,106
dollars; expenditure of 412,068,878 dollars; and net funded debt of
648,878,999 dollars.
The militia, or national guard of New York, contains (March 31, 1912)
663 cavalry, 722 field artillery, 2,038 coast artillery, 10,682 infantry;
engineers, 699 ; medical and hospital corps, 601 ; signal corps, 141 ; general
officers and departmental and N.C. officers, 157 ; total, 15,703.
The naval militia contains 61 commissioned officers and 847 enlisted
men ; total, 908.
Production, Industry, Commerce.— New York has large agricultural interests. In 1910 it contained 215,597 farms of a total area of 22,030,367 acres, of which 14,844,039 acres was improved land. Common agricultural crops are raised ; market-gardening, fruit-growing, sugar beet production, and tobacco culture are pursued. In 1912 the crops comprised maize, 19,763,000 bushels ; wheat 5,360,000 bushels; oats, 36,714,000 bushels, be- sides potatoes, hay, and other products. The area under tobacco Avas 5, 900 acres ; the yield, 7,375,000 pounds. Beet sugar is produced. The farm animals in 1910 comprised 717,000 horses, 4,000 mules, 1,771,000 milk cows and 889,000 other cattle, 1,177,000 sheep, and 656,000 swine. The wool cliprin 1911 yielded 4,030,000 pounds of^vool, valued at 924,885 dollars :
Other productive industries are mining and quarrying. In 1911 the mines within the State yielded 1,057,984 long 'tons of iron ore (2,959,009 dollars).
