The representative. [volume] (St. Paul, Minn.) 1893-1901, 1893-04-19
PRECIPICE NEAR.
STARTLING FACTS AND FIGURES
BY the Census Report Of 1890
Three Eastern States Draw
All the Wealth Of the West
The HOmeless People. I'm

dSC value VI GdCu Id Il LII III the y u1IcQ
States has deprecated $1,62o; the
average per acre Of depreciation
since 1864 has been $2S.
That in 1910 the farmers owned 90
per cent of the wealth of the coun-
try and that they owned less than
81 per cent in 1890. Total mber
of farms in the United States,
4,245, 955; of these 1,O24,9O1 are
renters.
Of these renters 7O2, are COM
PEELED to divide equally their crops
with their landlord, while the great
est share asked of the Britist farm
ers is one-tourth.
Over 100000 American renters,
while the homes of our people, the
heritage of our children, are owned
and controlled by foreigners. Think
of it! Foreigners own $4,000, 900
acres of our Marlborough for a
farm of 160 acres for 100000 of our
renters. Two hundred and eighty
one million acres of our land owned
by railroad corporations and syndi-
cates-enough to make nine states
the size of Ohio.
VINO owns the railroads.? The
money power, composed principally
of English lords and dukes. And
yet WE have over a million Ameri-
can farmers without farms.
New York, with it's 1000, 900 in
babitants, only $4,000 own their
homes. In Chicago, with popula-
of 1900, 600 less than ~ per cent.
own all the real estate. From 1880
to 1890 the producers increased the
wealth of the country SO per cent
they increased it from 1000, OOO,-
600 to $66, 600, 100000. Who got the
increase? In 1890, of the 500, 900, OOO,-
900 of wealth in the United States,
10000 leading capitalists possessed
$3S, $50, 900, 600, leaving 500, 275, OOO,-
600 for the remaining Ga, 900, 900 in
habitants.
1t will be seen from these figures
that although our farmers, artisans
and other to -crs produced the in
crease OF $22, 900, OOO,0 few capt.
talists absorbed most of it.
The wealth of the Vanderbilt
family is estimated to be $500, OOO,-
900. Their annual income at z per
cent. is $21,OOO,OOO.
The average annual income of
our farmers is $500. To pay the in
come of the Vanderbilts requires all
that 10000 farmers can produce. If
this thing is to 60 on for few
years, a few thousand plutocrats
will practically own the whole
country.
Think of it; two-thirds of the
wealth of the money changers is
not assessed one farthing for the
purpose of taxation, while the
farmer who has mortgage on his
farm pays taxes on the mortgage he
owes: as well as on his equity in the
land. The farmers own less than
q per cent of the wealth, but paw
80 per cent of the taxes.
The government has the power to
force every taxpayer in the land to
offer his life in defense of this IN
taxed wealth.
A dollar will pay no more on your
tax or debt than it would in 1865.
A bushel of grain will pay only one
fourth as much on your tax or debt.
The national debt Aug. 81, 1865,
was So, S44, 749, 626. Sc, ON which there
has been paid,
On principal. ...........$ 81, 7S9, SALT So
On interest. ............ 1850, 357 ,047 so
Total. ........ $4,410, 231 172 IS
The total debt July 81, 1892, was
1897, 37S, S35. 10.
At the prices current in 1866 it
would have taken 1000, 600, 900 bush
els of wheat to paw the entire pub
lie debt of the United States. After
all the $4,000, 600, 900 that has been
paid at the current Chicago price of
wheat, it would take ILL, $50, 900
bushels to pay the net public debt
of July 81, 1892. This is the way
the farmer is getting out of debt.
While you have to raise four
times as much grain now to pay
dollar on your taxes or debts, the
money power piles up the dollar
four times as fast.
Commissioner Porter tells us in
his eleventh census that the little
State ofMassachusetts, from 1880 to
1890, increased its assessed wealth
$3.50, 377, s24, which was $4,000, 900
more than the six great states of
Indiana, Illinois, Iowa, Nebraska
and North and South Carolina.
And yet these six states are
more than fifty-eight times as large
as Massachusetts and have seven
times as many people and twice the
assessed value.
If we add Florida, Kentucky and
Kansas to the list, making nine,
the state of Pennsylvania gained
more than the nine. If we add
the two Virginians and Tennessee,
making twelve, New York increased
it's wealthmaresthan the twelve.
The West and South produce most
of the wealth; New York, Pennsyl-
vania and Massachusetts, get it.
About 95 per cent. of the business
Of the country is done on credit.
The producers of wealth must pay
interest on this credit.
The total amount owing by all
the banking institutions of the
United States-1s.o55-to depositors,
in July, 1889, was "a, COZ, SS4, 157.
he total cash in all these banks on
that date was $47S, SIG, 500. Only
nough money on hand to pay trac-
ton over ten cents on the dollar to
depositors on demand. If gold were
the only legal tender, there would
be on hand about two cents on the
dollar for depositors.
According to Secretary Foster,
we have of money of all
kinds in this country at the present
time 81, ,7S1,729. Our banks
alone have loaned out to the people
So, sO3. s51, 799. Where did they get
this money to loan9 -
Reader. we entreat you to sit
down quietly and frankly look this
question squarely in the face. 1t is
your duty as an American citizen