Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-10-23
MONEY KINGS TO OWN Us ALL.
A sfatistician Figures That SO. 900 Of Them
VIII Win In so Years.

VIII Win In so Years.
In spite Of the rapid increase in the number
of millionaires In the United States in recent
years, the popular notion Is that wealth il yet
much more evenly distributed in this country
than In England. Mr.. Thomas G. Shearman,
the well-known New York statistician, has been
engaged for some time IN collecting facts to
show as precisely as possible the proportion of
the wealth of the country held by few rich
men and families; and he finds greater concen-
tration Of wealth here than in any other country.
The results of his investigation 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 s20, 900 each:
$3.50, 900. ooo-J. J. Astor, Trinity Church.
800 oOo, ooo-O. Vanderbilt. W. K Vanderbilt,
Jay Could Leland Stanford, J. ID. Rockefeller.
40 600 o0o-Estate OF A. Packer.
1900. ooo-John L Blair. estate Of Charles
Crocker.
go ooo 900 William Astor, W. W. Astor, Rus
sell Sage, z. A. Stevens, estate Of Moses Taylor,
estate OF Brown q Ives.
~ ooc .ooo-P. ID. Armour, =. L. Anes, william
Rockefeller, b.. N: Flagier, Powers Weight.
SIS, o0o OCS-C P. Huntington, d. o. Mills, es-
go, co. ooo-G. B. Roberts, Charles Pratt Ross
Winans. 6. B. Coke, Claus 5preckels, A. Belmont
Z. :; livingston @ kfed Meyernauser: MIs- MAX
Harkness. z. W. Coleman, /. N. singer.
ss.o Ooo.A A 2. !1gs Drsxst =; Z Morgan, =; T.
Gerry sssatss % T6sns
II. Stewart A. Schermerhorn.
500 %,9S; 49,; Il. Rsype estates sta OF r. A.Drexei,
GO, ooe 0Oc-P. W Vanderbilt Theo. Hsvemeyer.
b. o; Havemeyer. W. G. Warden, ": 2; Thomp-
estates OF W. Sioane,N Z. 5. Higgins, @. Tower,
Nm: Thaw. DR.. Hostetter. VIM. Sharon, Peter
These 10 names represent an vaggregate
wealth of 81 700 900 600, an average Of more than
SS, 10000 each: Although Mr.. Shearman, in
making this estimate, did not look for less than
20 millionaires, he discovered incidentally 90
others worth more than $40, 900 900 each; and he
says that, q list Of 10 persons can be made
another list of 100 persons whose wealth aver
ages s25, ,0000 900. No such lists can be made up
in any other country: The richest dukes OF
I.n ne says Deiew ie,xss sne vs;ls sss
greatest bankers. merchants and railway mag
mates Of England cannot compare In wealth
with many Americans"
Englishmen Is about $4,000, but the average |
annual income of the richest 100 Americans |
cannot be less than 81, 200 000, and probably ex-
ceeds 81 500 600. Tue richest of the Rothschilds,
and the world-renowned banker, Baron o. er- |
stone, each left about Sl7 100000 Earl Dudley, |
the owner of the richest iron mines left SO. |
OOOOO0 The Duke of Buccleuch (aud the |
Duke of Buccleuch carries half Of Scotland in |
his pocket) left about $50, 10000 The Marquis |
of Butte was worth, in 1872, about ~ 900 600 In |
land he may Now T ps wUTIn bs xaItS Ia an n AL al
and the Duke of Westminster perhaps $50, 0oo,-
900.
Mr.. shearman's conclusion is that 5000 per-
sons own one-half the wealth Of the United |
States; and that the whole wealth OF the coun-
try is practically owned by 10000 persons, or
one In sixty Of the adult male population; and |
he predicts, from the rapid recent concentra-
2 ofr wealth that uud9r present cOnditIOna