Source of basic data: U. S. Department of Agriculture. Government payments are not included.

Source: Estimates of national income made by the National Income Section of the Division of Economic Research of the Bureau of Foreign and Domestic Commerce, Department of Commerce, expressed in terms of 1929 prices by the Division of Economic Research, Bureau of Foreign and Domestic Commerce, using indices compiled by Mr. Fabricant, of the National Bureau of Economic Research, and by the Cost of Living Division of the Bureau of Labor Statistics.

EXHIBIT No. 13-A

[Chart based on following statistical data appears in text on p. 20]

Distribution of national income by type of payment excluding income from Government

Total

$60, 919, 000, 000 68,063, 000, 000 53, 241, 000, 000 53, 698, 000, 000 63, 646, 000, 000 63, 897, 000, 000 67, 993, 000, 000 72, 048, 000, 000 69, 598, 000, 000 72, 464, 000, 000 75, 576, 000, 000 65, 113, 000, 000 49, 358, 000, 000 33, 321, 000, 000 31, 804, 000, 000 40, 042, 000, 000

Source: Kuznets, National Income and Capital Formation, 1919-35, published by the National Bureau of Economic Research. Income payments by the Government have been excluded. "Miscellaneous net incomes" includes incomes of unincorporated businesses, farmers, professional men and the estimated net income from home ownership of persons occupying homes they own. "Accrued incomes" are the additions to the surplus accounts of business corporations.

Source: Compiled by National Income Section, Division of Economic Research, Bureau of Foreign and Domestic Commerce, Department of Commerce. The individual series represent points in the index and not percentages of the total. They are all seasonally adjusted except "Direct Relief" and "Payments to Veterans."

124491-39-pt. 1--14

1919.

1920.

1921.

1922.

1923.

1924.

1925.

1926.

1927.

EXHIBIT No. 15

[Chart based on following statistical data appears in text on p. 23]

National income from commodity producing and all other private industries [In millions of dollars]

Source: Kuznets, National Income and Capital Formation 1919-35, published by National Bureau of Economic Research, table 3. National income from Government has been excluded from all the figures. The commodity producing industries are agriculture, construction, manufacturing and mining.

Source: The industrial production figures represent a splice of the physical volume indices for manufac turing, for mining, or for both of McLeod, Persons, Day-Thomas (as kept current by Joy & Kolesinkof) and the Board of Governors of the Federal Reserve System. The per capita figures were obtained by use of Bureau of Census estimates of the population of continental United States.

Source: Compiled by the Board of Governors of Federal Reserve System. Adjusted for seasonal variation.

Source: National Bureau of Economic Research, and Kuznets, Commodity Flow and Capital Formation 1919-1935, published by National Bureau of Economic Research. Percentages are based on dollar figures at current manufacturer's prices. "Durable commodities" includes construction materials and consumer durable goods. Figures for years prior to 1919 were provided by the courtesy of Dr. Wesley C. Mitchell, Director of Research of the National Bureau of Economic Research.