The state chronicle. [volume] (Raleigh, N.C.) 1883-1893, 1889-11-01

feel constrained, ii the absence of any ev-
iience of either fraud Of prejudice. to de
fer TO the opinion Of the jury who were
the sworn and sole triels of the facts in
The case. When We attack the verdicss of
the jury We are defending the acts Of
Judge Lynch -Morganton Star.
" OWNS THE UNITED STATES,
Iii spite of the rapid increase in the
number Of nilionalres in the United
states il recent years the popular notion
i, that Wealth is yet very much more
evenly distributed in this country than in
England Mr.. THos. G. SHEARHAS, the
weIl-known New York statistician, has
been engaged 70. some time in collecting
.acts to show as precisely as possible the
proportion of the wealth of the country
II by few rich men and families; and
h- iud- greater concentration of wealth
here than III any other country. The re
SulJs of his Investigation will appear IN the
Forum for November, from advance sheets
Of whi- h the following facts are taken.
Mr. SHERMAN makes the following emu
Ineration Of owners Of more than SEQ 900.
GOO eaca
$l5o,0oo 600: J. J. Astor, Trinity
Church.
800. 600 600: c. Wand, rbilt. u. K
Etadegoiir Jay Gould, Leland Stanford
j. , Rockefeller
$40, 600 600: Estate of a Packer.
$50, eco 600: John |. Blair, Estate of
Charles CrDcker
500 COO 600: Wm. Astor. W. v. Astor,
Russell Sage. f. a. Stevens, Estate Of
Moses Taylor. Es5ete of Brown 4 Ives
$40 GOO O0O: ?. D. Armour, T. L
Am.s. Wm Rockefeller. H. VI F.sler
Powers x y gilman, Estate oil ?. Gsoeiet
SO 600 coo: 2. Huntington D o..
Mills. Estates OF 7. A. Scott, J. ". Gar
r--t
$50. O00. 0: e. B Roberts. Charles
Spre,k IS. = Belmont. K J. Livit sston,
Fred Weyerhauser, Mrs. Mark Hopkins,
Mrs Hetfy Green. Estates of ). y. Hark
aes-, K ~ Coleman, l. NJ. Singer
So. coo, 900: A. j. Drexel, J. S Nor
gan. j P Morgan Marshall Field, David
Dows, J. g. Fair, t. T. Gerry, Estates of
Coy. Fairbanks, A T. Stewart, \. Scher-
merhorn.
so, 500, 600: 0. H. Payne, Estates of
F. A. Drexel, l. Y. Williamson, v. F.
Weld
$50. 900 900: F. ". Vanderbilt, Theo.
Havemever, II O Havemeyer, W. G. War
den. ". P Thompson. Mrs. Schenley J
L. Haggin, H. a. Hutchins, Estates of ".
sloane. Z. ). Higgins, G Tower m.
Tnaw. DR. Hostetter, Wm. Sharon, Peter
DOnohue.
These 20 name represent All aggregate
wealth of 81, 700 900, 000 an average OF
more than $37 300, 600 each. Although
MIR. SHEAKMAN, in making this estimate
did not look for less than twenty million
aires, he discovered incidentally fifty
Others worth more than SO, 600, 600 each
aud ne SAYS that lisl Of ten persons can
be made whose wealth averages 800, 600,
900 each, and another list Of one hundred
persons whose wealth averages $4,000,
900. No such lists can be made up in any
other country. The richest dukes Of
England" he says ''fall below the average
wealth Of a dozen American citizens, while
the greatest bankers, merchants, and
railway magnates of England cannot com
pare in wealth with many Americans.
The average annual income Of the rich
est hundred EngliShmen ls about $40, 600
but the average annual income OF he rlcN
est hundred Americans cannot be less thar
81 200 000. al d probably exceeds 81. ooO,
600 The richest Of the Rothschilds anc
the world renowned banker. Baron over
stone. each left about S17, 600 900. Ear
Dudley. the owner of the richest iroI
mines. left S20. 900 900. The Duke o
BuccIeuch (and the Duke Of BuccIeuct
carries half OF Scotland in his pocket lef
about $50. coo 600 The Marquis OF But'
was worth, 10 1872, about S2S, 600, 600 II
land, and he may now be worth $40, ,oOO,
600 in all The Duke Of Norfolk may b'
worth $40, 600, 900, and the Duke of West
Minister perhaps so, ,0O0,O0
Mr. Shearmau's conclusion i5 that %,
900 persons own one-half OF the wealth o
the United States; and that the who'll
wealth OF the country is practically owned
by 25O, 900 persons, or one IN sixty OF tn
adult male populations; and he predicts
from the rapid recent concentration o
wealth, that under present conditions 80,
900 persons will practically own all tn
wealth OF the country in thirty years-o
less than one III 500 of the adult NAL
population
1t IS significant that none Oh the me-
named in this list live South Of Baltimore
and that none Of them are farmers Som
Of them made their fortunes 10y gambhn
in the produce Of the farms, but none c
the real farmers have made so grea
wealth and many Of them are in real po1
erty. The moral drawn by Mr. SHEARMA
is that if the farmers will not rise up an
repeal the oppressive tariff laws, and 81
cure the enactment of laws preyentin
trusts, they ought to be glad that theS
rich men-MADE 50 BY THEM are altogetf
er so respectable as they are.