The Goodland republic., 1900-10-19


sit down and write a speech by giving
the time and care such efforts should
have, that would command the respect
OF his friend at home and his political
opponents, he might have found some
one TO do it for him
There are men in Washington who
make a business Of writing speeches
for congressman, and they write gram
matical and logical ones for 50. Our
friend from the Sixth district ought to
have employed one Of them if be felt
any misgiVinRs as to his own ability.
A congressman is a representative Of
the state, and a new member ought to
have sense enough to keep quiet if be
cannot make a speech that wiz do him
self and his state some credit
Concentration Of wealth ana Monopoly
The existence Of private mOnopOlies
has resulted in tremendous private
fortunes, and this causes more private
monopoly
Each year the profits Of Rockefeller,
Carnegie and a few others are 50 great
that the investment of them results in
their absorbing whole industries.
Unless checked very soon these mo-
nopolists will have control Of the few
industries wherein competition is yet
existent. Already the concentration
has gone TO such an extent that one
per cent Of the families in the United
States owns 90 per cent Of the wealth
Of the country.
This astounding fact is vouched for
by Dr. Charles B. Spahr, author Of a
work entitled distribution of
Wealth" and for some time a lecturer
in Columbia University.
To get a correct idea Of the immens-
ity Of the fortunes Of monopOlists in
this country a description of the in
comes of Carnegie, Rockefeller, ETC., is
instructive.
Last spring Mr.. Frick, of the Carne-
gle company, brought suit against Mr..
Carnegie. In the papers sworn to by
Mr.. Frick, and filed with the court, he
states that the annual earning of the
Carnegie Steel company was s425OO-
600.
OF this Mr.. Caregie's share was s12,-
285, 500. Compared with this income
that which is received by kings and
emperors is a mere pittance. The fol
lowing fgurers should be Of interest to
the American people, from whom the
monopolists extOrt their giant fortune:
Queen VictOria 1.92j0ol
The German Emperor. ...-.-...--- 3.S52, ,77O
The Emperor of fAustria----..--------. 3.SI5,0O0
The King Of Italy 2.S58OOO
Andrew Carnegie p -s5I 900
But Mr.. Rockefeller receives a much
larger income than does Andrew Car
negie. From January . to May 2 Of
this year Mr.. ROckefeller's dividends
from the Standard Oil monopoly agre-
gated s12,4OOOOO. This was stated in
the Chicago Tribune Of May 2, a
staunch republican paper, and it con
tinues:
This IS only a small portion Of the
amount to which Mr.. Rockefeller has
been entitled by reason Of the earnings
Of the Standard Oil company.
ssThe company owns only 81 per cent
of its many subsidiary companies. Mr..
Rockefeller owns the other 49 per cent.
His total income, therefore, from all
sources allied with the Standard Oil
company has been since January 1,
1900, s24,OOO,OOO.
'IncIuding the dividend declared
to-day, the Standard Oil company has
since 1882 distributed to its stockhold-
ers dividends aggregating s252. 10000.
1.-Two quarterly dividends will be
paid this year. These are variously
estimated at from 10 per cent each up
to 20 per cent each 1t is generally re-
garded as certain that the dividend
this year will not be less than so per
cent.
SIT is estimated that Mr.. Reckefel-
ler's dividends from all sources viii
this year amount to s75,OOOOOO"
The amount of capital which this
profit represents is one and one-half
billion dollars, reckoned at five per
cent, or two and one-half billion dol
lars at three per cent. Let US com
pare this with some Of the great for
tunes of the world:
Croesus .---......-- .--........... IS 100000
Duke OF " Westminster. ...... .-...---. 75.OO0O00
AstOF-- 100000
Baron de ROthchlld go --...-.--.--. 10000, 600
William Rockefeller ..---...-.-.- 20O-0OO0 90
CaTnsEis---- ..-. .---.-.-- 3JJ,Oo0O0J
John Belt diamond Eing) ..--....-. 1OO0. 600 COO
John D ROckefeller-- ---.----- 2000,0OO000
So long as the present monopoly
profits continue Mr.. Rockefeller and
the other trust magnstes viii continue
to reap annually the encrmOu sums
which We have shown they are taking
from the people. These annual profits
are so great that their investment re-
snlts IN the mOnOpOlization Of industry
sf5er industry.