Page:Statesman's Year-Book 1921.djvu/595

 FINANCE — PRODUCTION, ETC. — BOOKS OF REFERENCE 543

Finance.— For the year ending June 30, 1919, the receipts and ex- penditure were as follows : — 1 Dollars

Balance, Jul v 1, 1918 1,939,719

Krceipts, 1918-19 12,324,620

Total 14,264,339

Disbtireements, 1918-19 13,143,784

Balance, July 1, 1919 1,120,555

The bonded debt of the State is 6,285,962 dollars, and the assessed value of real and personal property was 2,248,356,058 dollars in 1919.

Production and Industry— Kentucky is largely an agricultural State. In 1910 there were 259,185 farms with an area of 22,189,127 acres, of which 14,354,471 acres was improved land. The total value of all farm property in 1910 was 773,797,880 dollars. The central portion of the State contains the "blue grass region" which, having a rich soil, produces cereals, grasses and fruits of fine quality. In 1920 the maize crop amounted to 100,650,000 bushels ; and the wheat crop to 5,610,000 bushels, other farm products being hay, potatoes, sweet potatoes, water-melons, and fruits of many sorts. Besides hemp is grown some cotton, and also sorghum. The chief crop, however, is tobacco, under which in 1920 were 550,000 acres, yielding 467,500,000 pounds, valued at 70,125,000 dollars.

Stock raising is important in Kentucky, which has long been famous for its horses. The live stock on January 1, 1921, consisted of 420,000 1. 250,000 mules, 466,000 milch cows," 562,000 other cattle, 1,137,000 sheep, and 1,429,000 swine. In 1919 the wool clip yielded 3,211,000 pounds of wool.

The principal mineral product of Kentucky is coal. There is also a also a considerable output of petroleum. The quarries also yield sandstone and limestone, and the clay working establishments turned out bricks, tiles, pottery, kc. Other mineral products are iron, lead, stone, barytes, lime, natural cement, asphalt, natural gas, and mineral wa:

In 1910 the census of manufactures showed there were 4,776 manufactur- ing establishments with an aggregate capital of 172,779,000 dollars; 65,400 wage-earners who earned 27,8S8,000 dollars, and turned out manufactures worth 223,754,000 dollars. The output of the flour and grist industries was valued at 22,365,000 dollars; lumber and timber products, 21,381,000 dollars ; tobacco, 18,598.000 dollars ; spirits and ales, 44,360,000 dollars ; men's clothing, 3,276,000 dollars.

The Ohio and Mississippi rivers provide natural facilities for transport. In 1917 the State had 3,858 miles of railway besides 494 miles (1919) of electric railway track. The principal railway lines are the Louisville and Nashville, the Chesapeake and Ohio, the Illinois Central, and the Southern.

Books of Reference.

The Reports of the various Executive Departments of the State. HcElroy (R. M.), Kentucky in the Nation's History. -2 vols. Louisville. I Shaler (U.S.), Kentucky. In 'American Commonwealths' Series. Boston, Mass. ■Jm! Edition, 1885.

Speed (T.), The Union Cause in Kentucky. New York and London, 1907. Toicnsmd (J. Wilson), Kentucky in American Letters. Cedar Rapids, 1913.