The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1889-11-14
WHO OWNS Tnn UNITED STATES

number of millIOnalrea In the United
states In recent years, the popular no.
ton Ia that wealth Is yet more evenly
distributed In this country than In Eng
land. Mr., Thomas O., Shealman, the
well known New York atatlstlcian, has
been engaged for some time In collect
ing facts 10 show 10 precisely as poasl'
blH tho proportion Of the wealth OF the
country held by u few rich men ana
families, and he finds greater con
centration of wealth here than IN any
other country, The results of his in
yeatIgation will appear In The Forum
for November, from advance sheets OF
which the following facts are taken
Mr.. shearman makes the following
enumeration OF owners of more Than
e900OOO00 each
5l5OO0OO0O; j, j, Astor Trinity
Church,
slOO0O00)Oi @, Vanderbilt, W. X
Vanderbilt, Jay Gould, Leland stan
ford, j, d, Rockefeller,
S70OO0OOO: Estate Of A, Packer,
sGOOOOOOO: John /, Blair, Estate of
Charles Crocker
a5OOOOOOO; Wm, Astor, W, W. Astor
Russell Sage, T. A, Stevens Estate OF
Moses laylOr, Estate Of Brown Il Ives
slOOOO0O0: +, %. Armour Il, l..
Ames, VIM. Rockefeller II, NJ, Flogler,
Powers n Weightman, Estate of 7,
GOelet.
s35,OOOOOO, Q. r. Huntington, d, o,
Mills, Estate Of Y, A, Scott, j. W. Gar
ret.
s90OOOOOO. G. u. Roberts, Charles
Pratt, Ross WinanS, IT, B, Coke, Claus
Spreckles, A, Belmont Ri, Livingston
Fred Weyerhauser Mrs, Mark Hopkins
Mira, Hetty Green, Estate Of S, V
llarknesg, II, W, Coleman, /, NJ, Singer
Sg5 100000 a. j. DreXel, ]. $, Nor
gan, j. p. Morgan, Marshall Field,
David DAVIS, j, q. Fair, y, y, Gerry
Estates Of Gov, Fairbanks, n, 7, stew
art, A. Schermefhorn.
S22 100000: o. n, Payne, Estates Of
+. A, Drexel, !, V, Williamson, W. i
Weld.
ssO,OOOOOO, +, W. Vanderbilt, Theo.
llayemeyer, II. q, llayemeyer, W, q
Warden, W. L. Thompson, Mrs. Sohen'
ley, j. B. Haggn, IL, A. llutchlns,
Estates of W. Sloane, u, 5. Higgins, G.,
Tower, VIM. Thaw, DE- Hostetter, VIM,
Sharon, Peter DonOhue.
These 20 names represent an aggre'
gate wealth of s97O000O0oOau average
of more than 375OO0O0 each, Although
Mr. Shearman, In making this estimate,
did not look for less than twenty mil
lIonaires, no discovered incidentally
fifty others worth more than $1,000,
600 each; and he says that n list Of ton
persons can be made whose wealth Nv
erages Sl000O00OO each, and another
list of one hundred persons whose
wealth averages s250O00OO, No such
lists can be made up In any other coun
try. "The richest dukes Of England"
he says, "fal below the average wealth
of a dozen American citizens; while the
greatest bankers, merchants and rail.
way magnates Of England cannot com
pare In wealth with many Americans"
The average annual income Of the
richest hundred Engllahmen 10 about
$4,000, but the average annual In.
come OF the richest hundred Americans
cannot be less than sl,200000, aud
exceeds 8l,b00000' The rich
est of the R0thschilds, and the world
banker. Baron OverBt0ne,
each left about Sl70O00O0. Earl Dud
ley, the owner OF the richest iron mines
left S200O0.000. The Duke Of Buc
cleuch (and the Duke of Buccleuch car.
ries half OF Scotland In his pockeD left
380000,000. The Marquis of Butte was
worth, In 1873, about S2S,00000 In land, |
and he may now be worth Si0000000
In all. The Duke OF Norfolk may be |
worth Si0,0000O0, and the Duke Of
perhaps S50,0000O0,
Mr.. Shearman's concluslonis that25,.
BOO persons own one half the wealth Of
the United States; and that the whole |
wealth Of the country is practically |
owned by 250,C00 persons, or one In
sixty of the adult male population
lie predicts, from the rapid concentra.
lion of wealth, that under the present
$4,000 persons will practi
,ally own all the wealth Of the country |
n thirty years or less than one in 800 |
" the male population,
a. "a. %.