UNITED STATES. 



755 



land, buildings, machinery, tools, and imple- ing summary used for comparison of capital 



ments, raw material, stock in process and fin- invested, 1880 and 1890, the figures given under 



ished products in hand, cash and bills and ac- the heading "Capital, 1890" includes only what 



counts receivable. In the columns of the follow- is reported as " Direct Investment." This has 



