The Concentration of Wealth
The following quotation from the Courier-Herald, Saginaw, Mich., shows how minds are becoming apprehensive over the outlook afforded by present conditions in this country. After enumerating a list of twenty millionaires possessing each from $50,000,000 up, the Herald says:— The tendency is for these great fortunes, and others not yet so large, to go on increasing in a greater relative ratio than the general increase of the wealth of the country. Now these twenty men own a fiftieth of the wealth of the land. Next year their holdings will be even greater actually and relatively. If this condition continues, why may we not expect these few men or their heirs and representatives to eventually own practically the whole country? When such a time comes, as it will unless these gigantic combinations of capital are checked, there no doubt will result a period of anarchy of which the world has never seen the like, and to which the present conditions in Russia will appear like the beginning of the millennium.