“And here,” Max added, “is the great work of Prof. Scheligan, in which he quotes from The Forum, of December, 1889, p. 464, a terrible story of the robberies practiced on the farmers by railroad companies and money-lenders. The railroads in 1882 took, he tells us, one-half of the entire wheat crop of Kansas to carry the other half to market! In the thirty-eight years following 1850 the railroad interest of the United States increased 1580 per cent.; the banking interest 918 per cent., and the farming interest only 252 per cent. A man named Thomas G. Shearman showed, in 1889, that 100,000 persons in the United States would, in thirty years, at the rate at which wealth was being concentrated in the hands of the few, own three-fifths of all the property of the entire country. The American Economist asserted, in 1889, that in twenty-five years the number of people in the United States who owned their own homes had fallen from five-eighths to three-eighths. A paper called The Progress, of Boston, in 1889, gave the following significant and prophetic figures:
The eloquent Patrick
Henry said: “We can only judge the
future by the past.”
Look at the past:
When Egypt went down
2 per cent. of her population owned 97
per cent. of her wealth.
The people were starved to death.
When Babylon went down
2 per cent. of her population owned
all the wealth.
The people were starved to death.
When Persia went down
1 per cent. of her population owned
the land.
When Rome went down 1,800 men owned all the known world.
There are about 40,000,000
people in England, Ireland and
Wales, and 100,000 people
own all the land in the United
Kingdom.
For the past twenty
years the United States has rapidly
followed in the steps
of these old nations. Here are the
figures:
In 1850 capitalists
owned 371/2 per cent. of the nation’s
wealth.
In 1870 they owned 63 percent.
“In 1889, out of 1,500,000 people living in New York City, 1,100,000 dwelt in tenement-houses.
“At the same time farm-lands, east and west, had fallen, in twenty-five years, to one-third or one-half their cost. State Assessor Wood, of New York, declared, in 1889, that, in his opinion, ’in a few decades there will be none but tenant farmers in this State.’
“In 1889 the farm mortgages in the Western States amounted to three billion four hundred and twenty-two million dollars.”
“Did these wonderful utterances and most significant statistics,” I asked, “produce no effect on that age?”