New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-05-01

lions of the papers included, which by Car
roll D. Wright, Charles r. Flint, Russell Sage
Noney w. Foster j. II. SELF, James ]. Hill, Will
lam G. Sumner, John r. Commons Charles G.
Grosvenor J. De Witt Warner. Harry T. Peck,
Ernest II. Crosby, Paul f. More. Mrs. Reginald de
koven, John b. Clark Henry D. Lloyd and VIII
lam J. Bryan.
Carroll d. Wright discusses THE Distribution of
Wealth in the United States" In his paper he says:
The estimate of the wealth of this country IN
lsvg ~S4'VVVWsV) is most conservative staItnhehI;
and one which has been reached by individual
writer's and statisticians The increase in 1850 over
cent S5 49, @ pr cent WS in 1880
lSG i54 per cent; in 1890 over 1880 I902 per cent
and in 1900 estimated, the increase over the pre-
, W0uS decade was a per cent This estimate for
or elements constituting wealth BY wealth" is
meant all the tangible property of the country at
The total money in the United states. consisting
TInitd c ae imCieG6 LA oI bLr ~ ' tatsS nv,
the Treasury officials to he So S3. AZ 292. which is
Sl "a per capita. as against $l4 o. in 1860
Another indication of the financial efficiency Of
hg PGGpe b HsoWP very ceary by sn
10 the returns of the Controller of the Currency,
pnstnr hpnt x$ IL rbutin'r fhis great deposit
over the population of the country in 1850 it is
found that The average per capita was 81 %. At
1907 the number of depositors being 635s 723 their
deposits amounting to S259Go9i 80 and the aver
age due each depositor being sos 30 Distributing
the amount Of deposits over the whole population
aS per SANTA Is S 10 as b TOTAL % d
posits in the savings banks in the United States
the total money, including coin bullion and notes,
in the country that being as stated iS 81 as s %
Thus the amount in the savings banks Of the
federal government.
Charles r. Flint discusses in the General Sur
vcy of the Problem" Capitalization and Natural
Law" He says in part:
The Capitalization Of wealth is at once a cause
ties II Is Also an n5ispensabe factor in their
gated capital relieved the iaborrr of his most
1t has by establishing extensive systems OF com
mun;cation by telegraph and telephone; Increased
efficiency and rapidty of operations Of the highest
the great systems of production and distribu-
ton. As result there was never time in the
hum9es worker to the highest directive genius, en-
oGo5 ana what IN ages past ToVd nave
The great fortunes OF to-day. at which hears
natural law for the public good since they in
variahly held shares in corporations subject TO
guided in the WAYS Of Industrial wisdom by leaders
such fortunes pass by inheritance into the hands
of Degenerate descendants their influence for good
should not be forgotten too that In thus passing
from the hands OF those who built them these
fortunes usually tai 9baGt IN such way o as 10
institutions that qualify and emoe1sh the com m
ultimate form concentrated wealth is but the
Earnered efforts Of the past II IS the accumu,
=
product Of muscle and BRAIN which. like the re
serves ~ water In irrigation system. are ready
achievement and enterprise to stimulate fresh
growth and enrich mankind with further blessings.
Russell sage's topic is "WeaIth-A Decree Of
Justice" lie says:
rail against the DEGREES OF justice. The whole
Is go'fTGed 1y 5ne PTnG a %[
wealth and those who possess such qualities are
that persons who unable to acquire money are
necessarily not capable Of its proper use or care
SO long as some men have more sense and more
self-coutrol than others, just so long will such men
has risht TO Wealth Who has not sense Of the
responsibility that goes with it, There are persons
who ought never 10 have money, not only because
bur on gtognt 81 he ver much Greater harm IL
they can be an extent restrained by the com
The CHIEF responsibility of the man Of wealth
is In the using Of his money for purposes that will
do the greatest good TO the greatest number. in
IN" creating OF opportunities for tho masses. The
rounding or great Industries serves sucH purpose.
II Is observable that the very rich men Of to-day
history Of the world EDUCATION Of the common
t,'lt mas N'VuAllt tII' 'Ill.-' AI4r $3.50
rights OF his workmen as fellow producers. Capit2l
labor is present energy and skill They are equally
. important
The theme Of James Hin is Consolidation OF
Wealth Makes Prosperity" He says:
I know Of no theory so fallacous the popular
soIdation Of wealth
Consoliation Of wealth docs not mean the hoard
ing Of money in bag that its single possessor may
effective orranizaton of effort-the Intelligent use
"f money which represents eNerted physical or
No man grows wealthy along broad and leetl-
mate lines without turning the resources OF nature
into remuneratlve channels Of usefulness Tor the
tbnk that when a consolidation of properties is ef-
fectcd all the small shareholders will by some Tys-
ferrous and awful process Ice frozen OUT and that
their property viii without due process Of law, =
safeguard guaranteed them 10y the constitution or
the United States. be gobhled up by few men
promoters Of nc scheme" This is obviously faIse
advantage to each of the properties involved
Under the general head Economic Aspects Pro-
fessor William G. Sumner writes of Its Justhca-
ton" lie says
! The concentration Of wealth understand to in
and its concentration under tn. control of a few
In this sense the concentration Of wealth Is in
dispensabe TO the successful execution OF the tasks
which devolve upon society in our time Every
task of society requires the application OF capital
ana involves an economIe problem IN inc FORM OF
the most cXpedicnt application of material means
guish the present age from all which have preceded
It: those are, first, the great scale which all So
the transccndeut Importance of competent manage
ment-that is. OF the personal element In direction
some may admit that the concentration of wealth
tween joint stock aggregatons on the one side
and individual fortunes on the other This dstinc-
and is not valid. The predominance OF the ind-
under the control of very few persons.
never he anything hut a relative term. Between
1870 and 1880 stephen Girard was a prGverh for
day be noticed in New-York for his wealth. In
1915 John Jacob Aston stood alone in point Of
wealth. To-day a great number surpass him. A
fortune OF 100000 was then regarded const-
WbG nS men Mere "k certain pha befor
long some man will have billion. II is impossible
to crticse such moving notion The Goncentra,
ton of capital is also necessarily relative to the