Show WHY N New ew York Is Well Called Financial Giant In riches and finances New York presents so many facets that imagination tion LIon cannot encompass them all We Wt nay may start with a few fe tangible figures ules lh The ilme ta tax tax- budget f for r the greater city for the time 3 year ear ear 1923 was G but that does not Include all capital out- out I lays las from the sale of of bonds or all ail curI current current cur cur- rent expenditures from revenue producing producing pro pro- utilities The New York budget bud bud- get et for the year 1920 1020 O was more than equal to the combined budgets of Boston Boston Bos Bos- I ton tool Detroit Philadelphia St. St Louis San Francisco and Chicago The Time net I bonded debt of the city of New York Js Is over a n billion dollars more dollars more than ten times the time total national debt which many fearsome fathers of the republic thou thought ht too heavy for the broad broa back backof backof of America In 1789 Time The he assessed ral valuation of the real property properly within the corporate limits Is over 10 to 0 billion dollars one dollars one eighth the valuation of all the farm property In all the states of the tle Union Nearly arl one fourth of the enormous tribute that flows into the treasury treasur of the thc United States from florn personal Income taxes Is gathered in III th the city of New York The bank c clearings s f for r the year ear 1 1923 1023 3 reached reache a staggering total of billion bUllon bil bU- blI- blI lion llon dollars as against 30 billions n for Chicago 21 I billion dollars for tor PI Philadelphia Philadel phia and 10 billion dollars for Boston 1 The total deposits in all the time banks s of ot the city run well above e seven billion dollars and amI their resources resources more inore than eight t an and one one half half billion dollars Charles Churles A. A Beard In the American Re ne Review Ite- Ite view view of or ne Reviews c |