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
If we regard the average tenements of these families at 136 acres of
land per family,[125] we shall [SN: MONOPOLIES OF RENTABLE LANDS.] find
that the 1,624,765 tenant families held about 220,968,040 acres of land
every year. Although this general average for all farmers in the United
States may be a little too small for the tenant families, because their
acreage increases much more rapidly than that of the families owning
their farms, as we shall soon see, yet we shall consider this average as
it is given.
As to the average rent per acre of the farming land for the United
States, the general average was $2.81 for wheat and $3.03 for corn
raising lands.[126]
Supposing, however, that many farm tenants hold the grazing and other
less valued lands, let us even admit that the general average rent per
acre was only $2.75 for all lands hired by these tenants.
By paying then $2.75 of rent per acre, the 1,624,765 tenant families
paid $607,662,110 in one year for the 220,968,040 acres of land [SN: THE
PROFITS OF LAND MONOPOLIES.] that does not belong to them. And by paying
the same amount seven years—from 1891 to 1897 inclusive—they paid
$4,253,634,770 worth of wealth to a number of the speculators upon land
and upon the energy of the farmers who are the slaves of dividogenesure.
It follows that every farming family of this group, on the average, paid
about $374 for the land alone.
It seems, however, that there are many farm tenants that pay separate
rents for the farm houses. And in the year 1890 these paid [SN: HOUSE
RENT ON FARMS.] the total of $140,000,000 of the house rent, says Dr. C.
B. Spahr.[127] By paying this rent seven years they paid an additional
amount of $980,000,000 worth of their crystallized energy. Including
this total into the general total of house rents, let us now sum up the
above losses of the productive people, which are the gains of the few
monopolists and speculators for the seven years as follows in the 1st
table of concentration of wealth on the next page:
1st Table of Concentration of Wealth.
-----------------------------------+------------------
Monopolies and Combinations. |Total Net Incomes.
-----------------------------------+------------------
The natural monopolies[128] |$ 3,945,825,331
Mortgagee monopolies[128] | 3,775,470,286
Companies, etc. of rentable houses | 5,166,574,532
Monopolies of rentable lands | 4,253,634,770
-----------------------------------+------------------
Grand total |$17,141,504,919
-----------------------------------+------------------
Even this grand total indicates that a nation of thirty millions of
individuals would be rich by it, yet it does not include many other net
incomes.
Public-domain text, read in full here on John Shaqi.
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