The Concentration of Wealth
Some of the newspaper writers of France have made some rather caustic comments on Mr. Carnegie's associations with royalty. They claim that he is the first common citizen of this generation who has been received and feasted by kings, queens, and princes as if he belonged to the true nobility. They have given him the title of “King Billionaire I.” Mr. Carnegie may not be worth a billion, but he is certainly worth very close to that amount; and when we consider that he has accumulated that vast sum in his own lifetime, and when we consider further that there are at least two or three other men who have accumulated like sums in about the same time, we are shown in a very forcible manner the great concentration of wealth that is going on. As the world goes, these men have good reputations for morality; but such concentration of wealth is ominously significant.