The Marlboro democrat. [volume] (Bennettsville, S.C.) 1882-1908, 1906-07-27
40 Trust Centrcl One, fifth Of
country's Wealth.
WE ARE H 8ICHEST
Our MllIionaires are Kings Indeed. Id
1855 There We're Only Twenty, eight
MiIll0nalres Ia New York While
To-day 1t Boast Over
Two Hundred.

paragraphs from an article by Oleve
land M0ffett entitled "The Shameful
Misuse Of Wealth." and published in
Success Magazine. Ii will grove ia.
teresting to many as q comparison Of
figures In the growth Of the country's
wealth.
1t Ia admitted that We are the rich,
est people in the world tOd0y,-the
richest people the world al over seeu.
The Wanted wealth OF CrCCsus Is es.
minated at only eight million dollars
u there arc seventy American eH
tates that average thirty five mlllionu
each. New York is beyond compari.
son n richest city In existence; the
New York Herald estimates It's wealth
at thirteen thousand million dollars.
And to the country at large the last
annual report OF the controller Of the
currency SHOWS that the stock Of gold
In the United States, (Sl, 800, 400, OOO),
ID greater Than that or any other land,
while u banking power aggregates
nearly fourteen billions as against less
than twenty billions for all foreign
countries. We ploduce enc third Of
the worlds coal, one.tnird OF It's grain,
one hfoh CT It's wheat and three.
fourth Of Its cotton. We produces
more steel and iron titan Enelend and
Germany together Il our manufac.
lures arc nearly double those Of Great
Britain and ireland combined. Our
railroads carry TWICE as nucil nler
onaEdlSe every year as il carried by
all b railroads Of all Tie otL.er ma.
tiOns.
James Bryce in Tho American
commonwealth" observes that UP to
1880 or lS40 there were no great for.
tunes 10 An erica, lew large fortunes
and no poverty. But, Hrioiug Uf the
later eighties, lie says: NV there is
some poverty, many large fortunes,
a q greater numGsr OF gigantic fer.
THAN Ia any other Country III
The world" That was twenty Year,.
agol WHAT would Mr. Bfyoe say TO-
DAY II be could read statistics hhoulnx
that there are three million eli
recognized p&upCrs III the Unitou
States? That q nilli0n and a halt
children between the ages OF ten and
fifteen are employed IN our mines and
factories? Tn&t d person in every
twelve who dies In New York city Is
buried In the poGter'a iieid?
AS showing Cne rapid growth Of ill.,
dtVldual fortunes in unis country JOelo
is Intel est i'll q list ui lien men prlnt.
cd by the New York Sun IN 1855 &C.
cording to which New York clJy a.
That time boasted only twenty eight
mathematics. And y pamphlet pub.
l1shed some years earllar says GilaU In
Io46 PhlladelpnjH could show MY
len estates valued at q million or more,
the richest b9ing that OF Stephen
GirSrd which reached seven millions.
In contrast to winch ia 1892. accord
lug to the New YORK InDu.e, there
we've Ghcn over TWO hundred million
aires In Philadelphia.
AS to NaW YORK city the number
OF us m~liiion&ifCs, accorCiu. 10 tie
BEST authorizations, is over tMo tuuua
a while tho number OF m%iijionaire,
In the United states 10 az /, asst tive
thousand or hIlI LIE Lutul D Der ia
the world. We shall prc.llnY see
what s luge part OF lnu u..!cnal
wealth Is possessed aud uLJGIiad by
these five Thousand individuals. Taere
Is II family alone, at t.4e LesU tf
which stands the riC&isEt sd IL 1T
powerful man In TIE world, Joan u.
Rocke %feller, and Tie wealth Of uiit
f8nily is estimated al Is uhouaanU nil.
hon dollars, d sum 90 Eukc ttaL toe
human m1nd Qulte fails IL gasp IL, K
sum 30 huge tt,%t IL az IDS plfLn II
ChrlsG MIR. RCckt felltr hGQ bppuu
making a collar a miDulc aC0 had 10
all these dollars accumulate d3y ano
night for all these ceu. urics lie woulo
not yet, IN 1906, have au.as.cd 3
Thousand million dollars. AND If Mi,
Rockefeller should TO-DAY urn this
wealth into golG Gin ard take it cul
OF u country, say into Cauuda, lie
would carry across tie border three
GlmeS aB much g0ld aB would then re.
main IN tie United SCateD. Nor
would he carry 1t biu.Solf for tic
weight or II would be one thousand
seven hundred and lifJy IONS. And If
he q IL on the backs OF porLera.
each nan bearing bis own wti4ht Ia
SOLID gold, Gay $50 pCuLds,) it would
require tWenIy-tlIree thousand men O
move III. And II they Walhld ten f0cC
apart tho line OF them MLud reach
forty our miles ard would cccuo,
hfteen hours III passing q given Uoin6.
None or which takes any account o.
the daily interest Tn this fortune
which Interest II paid IN gold would
require the strength OF seven men 10
carry 1t.
Continuing our list Of multi min
lopaiIcs Ii taking the nine riChest
Americans AFTER Mr.. Rockefeller, it IL
Easy 10 see that these nine must have
o billion betW cen them, since Andraw
Carnegie alone ba8 more than = thirG
or q billion, and the other EIGHT In
ciude Marshall Field, w. X. Wander
Dill, John Jacob Astor, j. =. Moran.
Russell sage, j. j. Hin, Senator Wm
a. Clark and Wiliam Rockefeller.
rms gives uS two thousand million
dollars for len mani
AND, without mentioning further
names, L tfor the following estimate
or The live thousand leading fortunes
IN b United States; it is only all an.
pfoximaticn but 1t haa been spptoytd
az reasonable by the statistical cxperI
ol IL. Il. Dunn ~ Co., and by Byyon
W. Holt, editor OF ''Moody's Maya.
%lne," b. monthly review for inycscura,
banker and men Of affairs. Also by
several financial authorities in New
YORK City to whom | have aubmittod
IL. l nave Seen higher estimates, but.
aiCcr careful consideration, ! believe
bla6 Jht8 me may bU acCepLcd al vol
WiGhin i've trUtb.