THE PRE-WAR QUARTER CENTURY 
TABLE 26.—CUMULATIVE MIGRATION DURING THE 1908 DEPRESSIONs 
(Thousands) 
A B C D E 2 
YEAR - —_ - = - - 
oer Tar EMiGRANTS NET ALL ALIEN ALL ALIEN NET 
GRANTS A-B ARIVALS DEPART- D-E 
URES 
1907 
Oct. 111.5 28.6 +829 | 120.6 55.8 + 73.7 
Nov. 229.0 78.0 +151.0 | 262.2 150.3 +111.9 
Dec. 295.6 124.0 +171.6 339.3 238.7 +100.6 
1908 
Jan. 322.8 161.6 +161.1 372.4 298.9 + 73.4 
Feb. 346.2 191.4 +154.8 402.6 349.6 + 53.0. 
Mar. 378.7 217.0 +161.7 446.2 393.1 + 53.1 
Apr. 420.0 255.8 +164.1 501.4 458.8 + 42.6 
May 456.3 287.7 +168.6 549.6 520.1 + 29.5 
June 488.2 320.6 +167.7 590.7 580.6 + 10.2 
July 515.8 351.3 +164.5 | 627.9 632.1 — 4.2 
Aug. 543.6 379.8 +163.8 | 667.5 679.7 — 12.2 
Sept. 581.8 404.7 +177.1 724.1 723.5 + 0.6 
Oct. 622.8 428.0 +194.8 784.8 765.5 + 19.4 
Nov. 659.9 449.0 +210.9 835.8 804.1 + 31.7 
Dec. 705.9 465.4 4240.5 896.9 837.5 + 59.4 
1909 
Jan. | 749.8 475.9 +273.9 951.9 855.5 + 96.3 
Feb. | 816.9 484.5 +332.4 1033.9 870.6 +163.2 
Mar. 929.9 498.6 +431.4 = 1168.9 893.2 +275.7 
Apr. 1046.7 513.1 +533.6 1307.3 917.5 +389.8 
*Defined as from October, 1907, to April, 1909, during which period our index of factory employment 
in selected states was below its computed trend. For sources of the data in this table, see Table 23. Em- 
ployment is only slightly below trend in March and April of 1909. 
Comparison of Fluctuations. 
Immigration, while partially checked, never ceased during the 
depression of 1907-1908. From October, 1907, to February, 1909, 
the depression period as delimited by us, over 800,000 immigrant 
aliens arrived, half of them while employment was still on the decline. 
On the other hand, emigration greatly increased after the depression 
set in, reducing the net migration during the fifteen months under 
consideration to 332,000. 
The statistics just cited deal only with those officially classified 
as Immigrants and emigrants. In the right-hand section of the 
chart a more complete picture is shown by including the alien non- 
Immigrant and nonemigrant groups, a large proportion of which 
are 1n this country for employment though they are not classed as 
115