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
2d Right Table.
------------------------+----------+-----------------
Holders of Wealth. | Number. |Value in dollars.
------------------------+----------+-----------------
Tenants of farms and | |
homes | 6,871,099| 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 | 2,814,697| 3,908,222,736
Owners of farms and | |
homes worth $5,000 and| |
over | 1,521,000|55,676,863,197
------------------------+----------+-----------------
Totals |12,690,152|65,037,091,197
------------------------+----------+-----------------
Now this table represents the very essence of statistics on the
distribution of wealth which was [SN: TABLE MOST VALUABLE.] worked out
by the two contradictory authorities. The 4th group of it contains the
263,380 families with their aggregate wealth, and equals the first two
groups in the 1st R. table, these two and that being made of the
families—each worth $5,000 and over.
It should be noticed here, that neither the 263,380 families that we
have now included in the proper group of the table, nor their aggregate
wealth, had anything to [SN: GROUPS SIGNIFICANT.] do with the groups of
mortgagors and tenants in the 2d table. These two groups of families
have been separated from the influence of the free owners of wealth, by
being debtors and tenants, who have a definite significance of their own
in the statistics. And this is the reason why the subtracted families
worth $5,000 and over could only be lodged in the 3d group of families
worth below $5,000 under its wholesale average.
It should also be remembered that, though the 4th group of the last
table represents an enormous amount of wealth, yet there are hundreds of
thousands of families in it which are worth but few dollars [SN: THE
WEALTHY ONLY FEW.] over $5,000 worth of wealth. So that, the real
concentration of that enormous amount of wealth remains in the
possession of less than half a million families, as these facts have
been represented by Mr. Shearman and the others in the first chapter.
And nothing can be said against the accuracy of the careful estimates of
the wealth of the very wealthy by Mr. Shearman and the other
authorities.
Public-domain text, read in full here on John Shaqi.
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