The Evening dispatch. [volume] (Provo, City, Utah) 1891-1895, 1894-09-28
PUBLIC OPINION.
EDITED by Sam. a hing.

years tHe wealth. Oh our country nHs
been lby the aid of republican elias;
legislation centered in the hands of &
fsw. President Lincoln, even in his
day. saw the tendency in this doctrine
and he exclaimed:
Labor is above capital and deserves
much higher consideration. The money
power will endeavor to prolong his
reign by working upon the prejudicei
of the people until all the wealth il
aggregated into few hands and the
republic destroyed"
We have seen his words fulfilled and
today see the condition of our country
as shown by the figures taken from the
New York Recorder leading republic
can organ.
According to figures from reliable
sources, there we're in the United
States in 1891, II, OO2 900 families, wi h
al assessed wealth of $62,OS2, 600, 900
OF which there were:
20 families worth S2,625, COO, 900
80 families worth 1,025, GOO, GOO
100 families worth LAO, 900 600
l32 families worth 96s,OOO, 900
$50 families worth 1850, 900, 600
1,775 families worth 4,036, COO, 600
5000 families worth $500, ZOO, 600
1000 families worth 1850, 00O, GOO
1l,000 families worth 4,125, 0O0, 900
IA 900 families worth 100000, 600
49, 800 families worth 2,722, 000, 600
10000 families worth 100000, 900
$4,000 families worth 4,500.00O,000
100000 families worth 1900, OOO, 900
l 900, 900 families worth $500, 900 600
1000, 900 families worth 4000.000,0 600
$500 ,090 families worth 7,215, 900, 600
"Thes" figures show that 40 900 per-
SONS own over one-half of the wealth
of the United States, while one-slxtieth
cart Of our people own over two-thirds
of the entire wealth of the country;
and that 25O 900 persons own rs per
cent. of the United Sta es, These
tables also Z h that three-tourths of
our families are not worth over $500
10 the family, while one-fourth are not
worth over $14 600 to the family. 1t
will also appear by small calculation
that one half of these families are
worth less than 5000 to the family"
Prior to 1860, there were very few
millionairCs in The United States, and
the above table showing the present
"Wealth aggregated into few hands"
within thirty-four years, is extremely
alarming and means that unless a
change in the Industrial and CONNER
cial laws Of the United States from the
centralizing tendencies that have
chera cteriz ID the legislation of the past
three decades, the republic will soon be
destroyed"
Even President Garfield was opposed
to the policies of his party on the
tariff question on account of its favor
to one class and took an intermediate
ground; and today ii he were alive he
would favor the tariff reform policy of
the democratic party. This is what he
said IN congress onAp rll LIST, 1870 in one
of his speeches.
1--WE have seen that one extreme
school of economists would place the
price OF all manufactured articles in the
bands of foreign producers, by render
ing 1t impossible for our manufacturers
10 compete with them; while the other
extreme school, By making it impossi-
BILE for the foreigner to sell his compel.
ing wares in our m arket, would give to
people no Immediate check upon the
prices which our manufacturers might
fix for the products. l disagree with
both these extremes.
Il hold that properly adjusted
competition between home and foreign
products is the guage BIZ which to reg
ulate international trade. Duties
should De SO nigh that our manufac-
turers can fairly compete with the for
eign product, bat not so high as to en-
able them to drive out the foreign arti-
Gle, enjoy a m rnopoly of the trade, and
regulate the prices as they please. This
is my doctrine Of protection. If con-
Rress pursues this line of policy steadily
we shall year by year approach more
nearly tn the basis of free trade because
We shall be mo re nearly able to COM
pete with other nations on equal terms.
| am for protection which leads to
ultimate Tree trade.'
Another republican gives evidence
OF the condition of our country at the
present time, and when you reflect
pom his statement can you wonder at
the people turning his party out of
power in 1892? Can you wonder at
panics and their terrible results to the
masses OF the peOple2 This is what
Caauncey Nj Depew recently said:
Fifty men in these United States
have it in their power by reason of the
wealth which they control, to come to-
gether within twenty four hours and
arrive at an understanding bv which
every wheel of trade and commerce
may be stopped from revo wing, every
avenue OF trade blocked, and every
electric key struck dumb. Those fifty
men can paralyze the whole country,
for they can control the circulation of
the currency, and create panic when
ever they will"
If Nav IN AS Nuch for Won