Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-07-27

number OF milAonaires Is greatly
sWelled-more than doubled.
BY I. HAsK1N.

number o. milionaires is greatly
swelled--more than doubled.
OF the $4,000 income class s
per cent yield on 81, 900, 000-there
were 5,16,1 in .1914. These added to
the 2,s4s of the higher classes. would
figures for tho other years for these
millionaires are:L- 6,847 for 1915 or a
total when added to the upper classes
of 1851 all told: 1O,452 for 1915 or
q total Of 1905; 12,43s for 1917 or
a total Of 1s,l0s: 1895 for 1918 or a
total OF 14,4s5; 1920 for 1919 or a
total Of 1886: 1908 for 1920; or
total of 1912.
lesser millionaires, that 10 those hav-
ing estates ransing from $1,o6o,!ooo
to $~10,000.000 have held their for
tunes through the war better than
the super-millionairek with fortunes
above l 100000.
When Poor Millionaires F1ouriShed.
: In fact the high point for single
millionaires, that Ia possessors Of ST.
00O.0 600 yielding incomes of 100000
a year was not reached until 1913
which was three years after the high
point for the super millionaires had
been passed. In fact every class of
lesser mfllionaires from the inpover-
ished possessors of a mere million up
to those with $1,000, 900 or $4,000, 900
was more numerous In 1920 than in
1914 when the war started: whereas
there are but half a many super
millionaires shown for 1920 as for
1914.
The 100000 fortune seems to be
about the most steady. OF these,
there were 2as in 1914; sss in 1872;
b22 In ISIS. and so7 in 1890.
A steady. healthy growth is shown
up to the, peak in 1915 and then a
falling off: but a result at the close
Of the period, sl,o wing 4 substantial
gain in this class over 1914. The
other net gains over 1914 are notable
also.
There were in 1914. 147 possessor.
Of 100000 and in 1890. 16s. Those
with 1000, 900 estates in 1s14/num.
bored 50 while in 1890 there were 70.
Those with S5,00o,o0o numbered III
in 1914 ana 1913 in 1880. The highest
single class OF all for the period was
that composed of persons with H..
000, 600 in 1917. There were 1902 in
that class alone in 1917. the year thu
United States entered the q =
The possessors of these great for
tunes are the persons who pay the
O1AA W 6ONS4 I11lCAt O0A0X... w llkxS
the average tax paid by the man with
z $4,000 In come In 1920 was but
$3.50, the average tar paid by the
Mngle-millonaire was 339,519.7i and
the average tar. paid by the super
millionaire was S1.4s0,457.12.
In the Aggregate the large number
OF small sAlAried persons received
more income than the super million.
aires. IN 1920 the net income Of per
anna 9th VI iAAAnAAA 49, - AA-S>
1900 to $4,000 a year reached the
while the group Of sHper-fnilionairef
had to content themselves with IA
agsregAte income Of only 377,07S.13S,
Y the income Of t405o;oe6,6lS re-.
EcAtved by the relatively poor people
had to be divided among 2,Sf1,950
while the super millionaires had thar
s~77.o7s.1ss, 70 divide among only ss
which received an aggregate income
OF $4,060,06S,s1S paid 4 total TAI al
only 936,Sbs.Q32. the super -mIiiioh.
tire class With an aSgreSate income
OF only xI71.07S,1 1S paid the kreatAI
sum OF .3~43s1S5,o86. THAT the rfcf
people. Of the>country bear by far ,thl
greAter part OF the tax burden Ii
shown BY the. fact that all the In.
70 so1 sf,. COOS = y as0r'' 81. saio St,t .aN1 st6 6o y
900 In 1920. while the lclasses ranE1ns
above $4,000 9 yeAr all the wAylut
to the super milIiohAires paid q totaj
Of lSos, 100000. Tnese figures Gre fol
1920 which was q year Of high wages
IN the lower classes. but a poor -,
for rn~illiofAires. The EXPLANATION 1,
found In the fact that the average
rate Of ter IN the $1,000 clAA6 ~
but .1.11 Per cent In 1880 compared q
e4:sS per cent for the super-mliiion
ANss1EHs TO QUESTIONS.
q. what city ii the Tinted stats,
has ths SsAatsSt commisSdoYl Row
r.. 81 4.
a. while al eitiSA have such dis.
Itricte. none compares with, chicaeoi
South Water Street III SiSe and a
volume Of business transacted.
g. When n boy too oid "a b
eiisfble for West, Pointss 4. M.
A. The maximum are TOR entrance
TO the United States Military A61A!
FeHty Il year,.
How dDss I'M opst4ta1A s6r u
4leetytc fan compare In Ax6oA6A III
the 6S1fUdNe AZ AfANfSaA 1tkNTS fESSlN