The impending crisis : $b conditions resulting from the concentration of wealth in the United StatesBouroff, Basil A.
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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
======================================================
2d Table Restored.
--------------------+-+-------------+-----------------
Holders of Wealth. | |No. of Farms.|Value in Dollars.
--------------------+-+-------------+-----------------
Tenants of farms and| | |
homes |1| 6,871,099| 2,837,049,500
Owners of mortgaged | | |
farms and homes | | |
worth less than | | |
$5,000 |2| 1,483,356| 2,614,955,764
Owners of free farms| | |
and homes worth | | |
less than $5,000 |3| 3,078,077| 10,946,616,952
Owners of farms and | | |
homes worth $5,000| | |
and over |4| 1,257,620| 48,638,468,981
--------------------+-+-------------+-----------------
Totals | 12,690,152| 65,037,091,197
======================================================
The conclusions in the first two groups of families of this table now
appear as trustworthy as the entire conclusions of Dr. Spahr in the 1st
table, p. 28 or 29; and, that [SN: TRUSTWORTHY CONCLUSIONS.] the first
two groups, made up on the basis of Mr. Holmes’ estimates, actually
surpass everything in statistical importance for this country, no one
will doubt, when he has read this work. For the first group represents
the tenant-families that hire their farms and homes from others, being
themselves propertyless. And the second group represents families that
are in debt, and that are also rapidly becoming propertyless, as we
shall see in Chapter V.
The differences between the 1st and the 2d tables, however, appear very
great. The 1st table shows that the national wealth is quite abnormally
concentrated in a [SN: DIFFERENCES IN THE TABLES.] comparatively few
hands, represented by the first two groups. The 2d table shows that the
same wealth is more equally distributed among the families of the last
two groups, than is true in the 1st table. And it is the 2d table which
was compiled from the estimates that by some men were regarded as
extremely moderate, and, therefore, inconsistent with the real situation
of the people.
Public-domain text, read in full here on John Shaqi.
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