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
-----------------------------+---------------+-------------
Items. |Gross Earnings.|Net Earnings.
-----------------------------+---------------+-------------
RAILROADS: | |
From operation |$1,051,877,632 |}
Other sources | 126,767,064 |}
Unreported roads | |}$331,373,057
(about) | 50,000,000 |}
Express companies[79] | 53,000,000 | 11,000,000
Street railways | 90,000,000 | 28,000,000
Water transportation | 191,000,000 | 31,000,000
Telegraph companies | 25,000,000 | 7,000,000
Telephone companies | 16,404,583 | 5,260,712
INSURANCE COMPANIES: | |
Life | 90,000,000 | 59,000,000
Fire, etc. | 54,991,613 | 19,000,000
BANKS: | |
National | 144,614,053 | 72,055,564
All others (estimated) | 200,000,000 |
ARTIFICIAL GAS | |
COMPANIES: | |
(Estimated) | 25,000,000 |
-----------------------------+---------------+-------------
Total earnings[80] | 2,118,654,945 | 553,689,333
-----------------------------+---------------+-------------
Now, these totals show what an enormous amount of the people’s
crystallized energy accrues to the monopolists in one year, and in every
year, besides covering all yearly expenses. No wonder, then, why we find
that the highly productive people, of which Mr. Atkinson speaks and
which could even in 1880 put upon the market, “at final points of
consumption,” the annual surplus of $9,000,000,000 worth of various
kinds of products, appeared in 1890 to be in possession of only about
$10,000,000,000 worth of aggregate wealth, belonging to more than
55-millions of individuals. Whereas, on the other side, there appeared
less than 7½-millions of individuals in possession of more than
$55,000,000,000 worth of wealth.[81]
Public-domain text, read in full here on John Shaqi.
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