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
“The corresponding facts for the families occupying [SN: HOME FAMILIES.]
homes are, that 63.10 per cent,” i. e., 4,999,396 families “hire, and
36.90[62] per cent,” i. e., 2,923,560,[62] families, “own their homes.”
So that “in every 100 home families, on the average, 63 hire their
homes, and 37[63] own them.”
“There are 420 cities and towns that have a population of 8,000 to
100,000, and in these cities [SN: CITIES 64.004 PER CENT. HIRE.] and
towns 64.04 per cent of the home-families hire and 35.96[63] per cent
own their homes.” So that in these cities and towns, 64 out of every 100
families hire their homes, and 36 own them, or as the Bulletin states:
“in 100 home families, on the average, are found 64 that hire their
homes, and 36[63] own them.”
Besides this, “the cities that have a population of 100,000 and over,”
i. e., cities up to millions, like Philadelphia, Chicago, New [SN: LARGE
CITIES 77.17 PER CENT. HIRE.] York and so on, “number 28, and in these
cities 77.17 per cent of the home families hire their homes and
22.83[63] per cent own them.” It follows, that in these large and very
populous cities of the United States more than 77 families out of every
100 are tenant families or those that hire their homes, and 23[63] own
them. Or, as the Bulletin says: “In these cities among 100 home
families, on the average, 77 hire and 23[63] own their homes.”[64]
Now then, what this Extra Bulletin reveals to us is as follows:
1. That in 1890 we had 1,624,655 families hiring farms. The difference
between hiring a farm and owning a farm is this, that an owner of a farm
reaps all the benefits [SN: NUMBER OF FAMILIES HIRING FARMS.] of his own
farm; whatever amount of energy he spends upon his farm, he obtains all
the results of it by himself and for himself, remaining all the time an
independent man. A farm tenant is just the contrary. He is a dependent
being and is a subject to dividogenesure. He works upon a rentable
property and must first of all satisfy the rightful owner of the farm.
He must divide the results of his labor between his master and himself,
by paying rent. And in order to be equally well off with the farmer that
works upon his own farm, the tenant must exert almost twice as much of
labor energy as the owner of a farm. But this is impossible. And this
impossibility rests upon all the tenants of farms. They are economic
slaves of their masters, slaves under the principle of dividogenesure.
If they don’t wish to divide the sole results of their labor, then they
must starve, and there is no other alternative for them, because they
are propertyless and hence resourceless.
Public-domain text, read in full here on John Shaqi.
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