The impending crisis : $b conditions resulting from the concentration of wealth in the United StatesBouroff, Basil A.
History
The impending crisis : $b conditions resulting from the concentration of wealth in the United States
Bouroff, Basil A.
Trusts, Industrial; United States -- Economic conditions; Wealth
But in restoring this table to the census status, we do not for a moment
disregard its original value, as the most reliable work, nor do we think
of making an argument, or anything of the kind, in favor of anybody,
upon the ground of the surface restoration. No, there is a deeper sense
and a deeper ground in the restored and the next table, and we have an
abundance of other material for our purpose of showing the truth.
Meanwhile, this restoring of the 1st table that had omissions, has been
necessary for many reasons, and because it seemed to many thinkers as
probably an extreme representation, though it was true to the facts. For
these thinkers desired that the distribution of wealth should be more
equal than it has really been.
And, further, holding a conservative position, it was necessary too to
avoid a serious disturbance in the original averages of the family
wealth found by Dr. Spahr, thus making the table comparable with another
table, which is the most important one, because it indicates the tenants
of farms and homes and the owners of mortgaged farms and homes.
Furthermore, the restored table may serve as a means of comparison of
its classes of different worth with the corresponding classes in the
following table, based upon the eleventh census facts. Accordingly, the
next table represents the families of different worth which were
classified upon the same economic bases as in the table of Dr. Spahr.
U.S. 2d Table, 1890.[32]
------------------------+----------+------------------
Holders of Wealth. | Number. | Value in Dollars.
------------------------+----------+------------------
Tenants of farms and | |
homes | 7,871,099| 2,837,049,500
Owners of mortgaged | |
farms and homes worth | |
less than $5,000 | 1,483,356| 2,614,955,764
Owners of free farms and| |
Homes worth less than | |
$5,000 | 3,078,077| 10,946,616,952
Owners of farms and | |
homes worth $5,000 | |
and over | 1,257,620| 48,600,000,000
------------------------+----------+------------------
Totals[33] |13,690,152| 64,998,622,216
------------------------+----------+------------------
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