The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1862-04-26

ah insane thint for position, and, though
repatsd princes, they did not found 20
many families, not half % many d the
stoctbroksrs, who up 70 the opening otl
The Kcvoiution were probably par s1td.
tencs, the fortune makers. Then eame
the glorious dry when every man who
could make out ! bill against Govern
nsent made fortune; when contractor
for fat beasts, mere CARCASS butcher,
made three quarters Of million, and
founded family. which hss won fss place
In the highest rank Of the untitled gentry;
and then, too, came the strangest change
in the position Of class ever recorded IN
our history.
POOR PEERS.
The peers became the wealthiest men
in the land. We are 70 accustomed to
them, Is such, that W regard wealth and
the peerage as naturally allied, yet It Is
certain that toward the end of the Iast
| century, the peers were pauperised class.
The riot Of three reigns,a aided by some
commercial casss, had done its work
A lord was, in public estimation, poor
iand proud. 6atirists never wearied of
contrasting the fat citizen with the pauper
grandee; and merchants warned their
daughters Of adventurous IordIinRs. @
they would now warn them against Italian
counts and German baroDs. They still,
however, retained their lands, mortgaged
up to The lips, when the marvellous pros.
perity which succeeded 1906 Suddenly
overlook them. Rents rose to figures
which seemed fabulous, populations in
Creased, the cities expanded over their
Solids. the marvellous growth Of London
posred gold into the hp Of the owners Of
the soil passion for ssserpriss seized upon
the elass; they became miners, quarry
mens traders, engineers, patisnt and dnost
asute sgnculturists. The war had puresd
then out, and in 6fty years they hsd Be-
come the richest class for their numbers
IN Enfope, and had lived down the outcry
against them; till at this moment, the
highest idea great povelists can give Us Of
wealth, power and luxury combined, is
the Lord Monmouth and Lord S.eynes.
THE LOAN AoxaER.
The war produced also the great loan
nonger, che man Of whom Rothschild is
accepted ~ type contractors like Cauv-
nrd, who took Charles the VII OF Spain
- partDer-we mean literally d .
registrsred partner, responsible for debts
--aSd tAs hoases like the Hopes and Bar
ings who sent . lad 10 America to buy al
the cotton in the world, mildly expostu-
lated with m agent who purchased
small kingdom in Canada, and subse-
qoeatly only seolded partner who first
bought the whole territory round Mexico
(the city, and then compelled the Lsgis-
lsture u annul his announcement bargain a.
injurious 70 the safety Of the State.-
TIE contractor followed, but he brings us
y the present day, when xesingIe class
can b pointed TO as 6rst fayoritas Of for
tune. The loan-monger j. still powerful,
and 90 y the speculator; the banken ac-
cumulats fortunes like those Of the hiyh.
est mobiles; and a1inen draper left, The
other day, cash which would purchase l
fee-siuple Of the Woburn Estate. The
rate Of fortunes has enormously increased
Pitt thought il useless TO tar fortunes
above million, and now men die every
day whose heirs chuckle over the saving
produced By his want Of offorethought. *
"plum' has ceased tobe 4 citizens goal
and there are tradsmen in London whose
incomes, while in trade. exceed great
fortune of the time Of George ii. Very
enormous realized fortunes. properties
that are producing more than ESQ. 900 .
year, are, however, very scarce. Only
6fty-seven are returned 10 the English
income tar, and though that is . palpa-
bly, erroneous amount, IL may be doubted
If there are thousand individuals with
that amonni in the world. There are none
IN Fnncs and Italy beyond few work
ing caPitalists, few rsmsining 10 Gsrma-
ny, considerable nunber IN Rnssia, and
parhaps thirty individuals 10 America. -
There ars psrhaps ten private individuals
in India Of tAat amount, ~ many in Hosth
America, and : few officials in the Eastern
world aocamuhte very considerable SUES
but there the list ends and despite the
snorneu increase of wealth and depseci-
alien Of money - it, representative, the
man whs possesses ESQ, 600 ysar In -
curity may still rank himsslf a. belougink
10 the cresae Dc u crs~eIof the plutocracy
Of the world.
GAMUEL POLLOCK,
wAslssals ana xssail
& R q - HI II !.