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The Impending Crisis

Basil A. Bouroff

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Book Excerpt: 
. . .ade conclusions of different statistical authorities, which, by the way of |RESULTS OF THE FIRST CHAPTER.| analysis, revealed to us, that 32,563,644 persons[22] of the population had on an average $99 worth of wealth, according to Mr. G. Holmes; that 55,984,298 persons[23] had on an average $209 worth of wealth, according to Mr. Thos. Shearman; and that 54,794,468 persons[24] out of 62,622,250 inhabitants, with $65,037,091,197 worth of wealth, had on an average $148 worth of wealth apiece, according to Dr. Spahr.

These differences in conclusions indicate that the national wealth is very strongly concentrated with a few persons, and that in order |WEALTH IN THE HANDS OF FEW.| to obtain the nominal average of $148 worth of wealth to every poor person, one has to move the line of division of wealth so far up toward the wealthy few as to include nearly all the people among the masses of the poor. While, without this unfair moving of the line, mor. . . Read More

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