The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1881-11-23
The Overlooking DeIuge to Come,
The Hour, New York, November 12.1

The Hour, New York, November 12I
Sidney Dillon, one of Jay Goulds part
ners, is about to build the eosttests and
most ornate private residence on this CONT
nent 1t is to be erected on the corner of
Fifth avenue and Seventy-sixth street, and
the house, with the grounds surrounding it.
will cover thirteen full city lots, four of
which will be on Fifth avenue. The cree
ton Of this Ostentatious dwelling following
so close upon the completion of the new and
striking residences of the Vanderbilt family.
will draw the attention of the public to the
vast accumulation of wealth in few hands
in this country In its early history the
very rich of the United States were few in
number; the middle class forming the bulk
of the population for the number of those
who were so very poor as to be necessitous
was less than perhaps in any other country.
This was due to cheap land and the constant
demand for labor incident to new com |
munty. But the material conditions of our
national life are changing rapidly As great
wealth in past generations was owing to
the monOpolizing of land by the heads of
1 few families, the trainers of the constitution
thought that when they had abolished pri-
mOgeniture and divided the property of the
| father equally between the children. thew
had made ample provision against the &C.
! But they did not foresee the immense de-
velopments of modern industry, nor dream
| OF the effect of the various mechanical i'm
provements of the coming era. The owner.
ship OF land is no longer necessary in order
to possess great wealth. Vast fortunes are
now made in banking manufacturing and
commerce, but more particularly in rail- i
way enterprises. Hence, in spite of the i,
spirit of our laws, the vast aggregations of
wealth are in the hands of the Wander
bits Goulds, billions, Belmonts Morgans C
and other noted persons, who are not large '
landowners.
But it is evident that the vast aceumula- a
ton OF property in comparatively few hands p
and must be at the expense of other classes
in the community. People of moderate
fortunes are becoming fewer in number t.
while there has of necessity been an i'm t
mense relatives increase in the numbers Of
the poorer classes The mechanical inyen- -
tons which give fortunes to the owners of
practical patents throw out of employment y
tens OF thousands of workmen, who, in their n
middle and old age, must learn new indus b
tries in order to make living
The whole country is to-day passing E.
through the experience of the State of Cali. ne
IornIa The discovering of bonanza on the ca
Gomstock lode gave that State a period Of
great apparent prosperity, but the final re-
'ult Of the gambling spirit created Was tn de
lift two-thirdso of the visible wealth of tba bil
community into the hands of less than Gor.
y persons, whose magnificent dwellings in
san Francisco compare favorabIy with the
lIghiy ornamented and costly palaces of the in'
Eanderbllts in New York. As soon as the sci
Deople of West coast realized the Situation
)enls kearney came to the front, the two res
'olltlea parties were broken to pieces and ! on,
eW constitution was adopted, which aimed n,
lrectly at the great corporations and The - =.
Wners OF the wealth of the State Quite '4e
amoer OF these rich Californians have
Migrated to New York in couseonenea ac psn
le adoption of the new constitutions Rnt had
the wealth of the country east az tba a..
Terra NeYadas Is to be monopolized Nv : .
Nv bankers and railroad magnates. will not S-1
le history of California be repeated haras q
lnee the revival of trade the concantra 80. she
wealth into still fewer hands has pros II
,essed with extraordinary rapidity. and ma
ioughtfui men cannot but be startled when -.
ey think Of the possible chances of w 80
aef great financial catastrophe. Our men 1t
many millions, in their eager nm raa;e5 - Rep
ormous fortunes. have failed % reeoon;sa islat
y interests but their own. They corr,,z,, son
press, they sub0rn the iudiciarv tbav
Irchase legislators and Goyerpars tn. ue
nothing for the church, for the Stata = list
r.
the cause Of education. They a. not FEld
&c e pattonize letters. and fheif nat,o. eiyir
e Of art i to make their own privafa -; u.
noes more conspicuous and their ,;ct,sa. 81,
ieEles more talked about Their tb.,,.-l.s s s
only Of self and their personal $500, .or 9
cement When the great flnane;al as. So ne b
phe which i brewing comes. as r. als,a..- year.
p when least expected, what viii 49,. old z
g Of many millions Be able ID renlr y =
!. Denis KeaTneys Of New York. p15isaa q
z, Baltimore Boston and aI cur 49, y
es Y nat plea will they have e nt,s. ~ &c -
II roboeries under the form of Ts,~ 49, u. he 60
e dehauehing Of the pres ana lss,,;. - you
0oales, Tor their plunderina of thes.... Rel
~. $ Y s.eck watering and money mar. sreas
sh6url. tiaI NOME ..,,r.. t... The
poor are getting poorer ss, ~ alze that ed thi
J = seriously diminishing Ii numhers In
g lev Of them becoming mi1lioas 80 soutb
the great bulk degsnerating fTsss ~. ~
pc who work for uaes II 80 ~ 81 ~ e
latlen Of modern Commerce dns e -. N q
road and The telegraph, there 8 itsa ~ re r.
llaee lo1 he small traders s. as -. Il ~ he
- an moderate means The cost q
ae times are ominous. Il Il ETna 49, intere
! u employed and Sc what would h 49, NJ
le9 ioag yeaE ego e he good Srsos. S; ~
tass tllas taeee las been such Al I . ss....-