Dakota farmers' leader. (Canton, S.D.) 1890-19??, 1893-02-10
The I19ader.

The I-,@ad@r.
PLAIN HARD FACTS FOR YOUR STUDY
Southern Mercury. The census reports
of 1890 show that there are on record IN
the United States nine million mortgages.
which average s45O each. making total
Of about S., ,OOO, 600. 600 The census re-
ports also show that the average value OF
each farm in the United States has de-
preciated S1, $50; the average per acre OF
depreciation since 1864 has been $28.
That in 1910 the farmers owned 80 per
cent. OF the wealth of the country aud
that they owned less than 2l per cent.
1890. Total number Of farms in the
United States, 4,245, 955; OF these ], ,O24,
9O1 are renters.
OF these renters 7O2,224 are compelled
to divide equally their crops with their
landlord, while the greatest share asked
OF the British farmers is one-forth.
Over one million American renters.
whlie the homes OF our people, the heri-
tage Of our children, are owned and con-
trolled by foreigners. Think Of it! Fore.
igners own "a, 900, 600 acres Of oul land
enough for farm Of 100 acres for 500,
600 Of our renters. Two hundred and
eighty-one million acres Of our land
owned by railroad corporations and syndi.
Gates enough to make nine states the
size CT Ohio.
Who owns the railroads? The money
power. composed principally OF English
lords and dukes. And yet we have over
million American farmers without
farms. .
New York with its 1900, 900 inhabi-
tants, only 49, 900 own their homes. In
Chicago with population Of 200, 600
less than 24 per cent. own all the real
estate. From 1880 to 1890 the producers
increased the wealth of the county SO per
cent-they increased it from AZ, 100000
600 to 500, 0O0, 900, 900. Who got the
increase? 1890, Of the SOC, 600, 900, 900 of
wealth in the United States, 10000 lead
ing capitalists possessed s3s, 25O, 900, 900,
leaving s29, 275 600, 900, for the remaining
64, 600, 600 inhabitants.
It will be seen from these figures that
although our farmers, artisans and other
toilers produced the increase Of S22, 600,
600, 900 few capitalists absorbed most
Of It,. @
The wealth Of the Vanderbilt family is
estimated to be $500. 900, 600. Their an
nual incomt at per cent is S2l 600. 900.
The average annual income Of our far
mers is $500. To pay the income Of the
Vanderbilts requires all that 70, 900 farm
ers can produce. II this thing is TO 60
on for few years, few thousand pluto.
Gratis will practically own the whole
country.
Think Of it; two-thirds Of the wealth
of the money changers IS no! assessed
one farthing for the purpose Of taxation,
while the farmer who has mortgage on
his farm pays taxes on the mortgage he
owes as well as on his equity in the fand.
The farmers own less than 2l per cent,
of the wealth, but pay 80 per cent OF the
taxes.
The government has the power to force
every taxpayer in the land to offer his
life in defense of this untaxed wealth.
A dollar will pay no more on your tax
or debt than it would in 1865. A bushel
of grain will pay only one-forth as much
on your tax or debt.
The national debt Aug. 81, 1865, was
$2, ,844, 749, 626,56, on which there has
been paid,
Gu principal. \. !. 81, ,7s9, ,s74, 117,56
On interest. ...... 2. $50. 257, ,O47, SO
Total. .s4, 41O, ,231, ,172, IS
Tho total f1aht Tu1y 31 1909 was S00r