The White Pine news. [volume] (Treasure City, Nev.) 1868-1906, 1882-09-09
CONCENTRATION Or CAPITAL.
The United States the Richest Coun-
try lh the World.

try lh the World.
The wealth OF the United States now
xceel, that ofeithor Grel Britain or
France. but the wealth per capita is
less in the United States han in either
of the two countries mentioned. The
wealth OF the United States is placed
at 1880, 900, 900, or 5000 per cap a
that of Great Britain is set down at
sl4, l00, 900 900. or 81 ,260 per capita;
France, S37. 20, ,000,0Oe or sl,045 a
head. In 1910, the wealth of Great
Britain was five times greater than
ihat of the United States. During tie
last forty years the creation OF wealth
IN the United States has been very
rapid. The dreadful vase IT proper
~ during the civil war greatly bin
dered the progress OF the country. and
the loss, regard esS OF The loss OF life,
could hardly have been less than five
thousand millions. The fact that the
concentration Of capital IN few hands
is grbwint more rapidly here than in
either Great Britain or France, just
how invites the >tu " nf the polticll
economist. The corporate coin hina-
tions of raI I,ilal in the United States
are more powerful than elsewhere.
and they are one OF the influences
which have been, aud are. ut work 10
produce the remarkable changes ev.
erNwhere noticeable, and conflicting
With the proper progress OF Il democ-
ray, where one naturally looks for a
more equal distribution OF wealth than
in an ari,tpcracy. with its enlalled es-
Ia es aud aecunulations. The mass
of the people IN Republic ought to
be richer than those of country
where fcnhal aristoeracy has long
been nj the aseen, liant. However, with
The very nnplelsa AMI tii~agreeable
fact To confront, that there is loss
wealth per capita in tho United States
than IN Great Britain or France, there
Is one bright aspect of the situation.
The poor man in this country is man
OF great resources. He is not yet the
vlc.im OF landlords 10 any great ex.
tent. There j. still vast quantity OF
cheap lands, and this one attractive
faet brings something Ike million
Of people here annually. The land
lori here is rather an insignificant
character, his prominence being con-
hned no lily 10 citirs, where it is diili-
cult To Distinguish him from the mass
of the people. The condition OF the
poor here is vastly better than in Ell
ther France or Gfdat Britain. But II
will moi ever remain SO. The ten
dency here 10 concentrate wealth il
even greater than il inns been in any
European cunnlrv during the last
qnar.er of n century, and if this law
ST concentration i as ac i've for The
hext fifty years as it has he II for the
past twenty five, it will be a country
~ vat accumulate capital aud
mass OF poor people. Long before the
lapse of half IA century the entire pub
lie domain wi ave been divided up,
the landlord aud tenant viii have he
come as distinct characters rs they
are now in many parts OF Europe. l.
is Il fact of great significance that n
comparatively new country the iii stri
button of wealth shoald he mor" nm
equal than in older countries. II may
result largely from he fact that few
men boldly seized great opportunities
which Will not exist when the coun-
try / older. The study of all the
causes which are creating this nm.
equal distribution Of wealth j. attract
ing and i well worthy of the dep
es, consideration Of political econo-
misls.