4 MIGRATION AND BUSINESS CYCLES certain non-Russian races, such as the Poles and Hebrews, many of whom come from Russia. It will be noted that the three leading races in number of immigrants were the South Italians, Hebrews, and Poles, in the order named. TABLE 5.—IMMIGRATION AND EMIGRATION OF LEADING RACES: 1908-1923. (Thousands of persons) NET IMMIGRATION IMMIGRATION EMIGRATION -! es . PER CENT OF Numser IMMIGRATION ToraL—ALL Races» 9.950 3.498 6.452 64.8 South ITALIAN. ... ..... 1,724 970 755 43.8 Huennew..... . uinidd 959 32 907 94.6 Pons... ol 789 318 471 59.7 ENeusa.. ......... 0.0 707 146 560 79.2 BERMAN, |. ui hi inde 670 120 550 82.1 SCANDINAVIAN.......... 449 98 351 78.2 Tormey ou, 433 46 386 89.1 BEEK... 366 169 198 54.1 NortH ITALIAN......... 302 147 155 51.3 RUSSIAN.......... 0. 210 110 100 47.6 7 20 Smpiled from data given in the Annual Report of the Commissioner General of Immigration, 1923, 5 “bIncluding the races not listed in this table. °Net immigration =immigration less emigration. Computed from the original statistics before they were reduced to thousands. Racial Differences in the Ratio of Emigrants to Immigrants. For all races, including those not listed separately in Table 5, the net immigration, or immigration less emigration, equals about sixty-five per cent of gross immigration. The tendency to emigrate is far from equal in the several races or peoples. In general, the percentage of permanent residents is high for the Hebrews and the races of northern and western Europe and low for the races of southern and eastern Europe except the Hebrews. Though the incoming South Italians far exceeded in number the immigrants of any other race, the net immigration for this race was only forty-four per cent of arriving immigrants in the fiscal years 1908 to 1923; while it was almost ninety-five per cent for the Hebrews, eighty- nine per cent for the Irish, and over eighty per cent for the Germans. In other words, the Germans, Irish, and Hebrews ordinarily come to stay; but large numbers of the South Italian immigrants, after a more or less short period of labor and saving, return to their native i4 RACE