He puts the real estate holdings at 4,000, of the
clear value of $20,000,000. He estimates that 10,000 stores in the city
are owned by Italians, and sets their value at $7,000,000, with a
further investment of as much more in wholesale business. He makes the
total material value of the property of the Italian colony in New York
to be over $60,000,000, and says this value is relatively below that of
the Italian possessions in Saint Louis, Boston, and Chicago. The Italian
Chamber of Commerce has over two hundred members, and has done much to
promote the interests of the immigrants. There is one distinctively
Italian Savings Bank, with an aggregate of deposits approximating
$1,100,000, and about 7,000 open accounts. Sixteen daily and weekly
Italian newspapers in New York alone indicate that the people are
reading, and that not all are illiterates by any means. The Italian
Hospital, the Italian Benevolent Institute, and over 150 Italian
societies for mutual aid and social improvement--all this in New
York--indicate a degree of enterprise and progress. In the smaller
cities the condition of the Italians is in many respects much better
than in the great centers, since the tenement evils are escaped.
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