[104]. Yet, it should be remembered that we do not here deal with the debts of Railroad Companies, Street Railway, Telegraph, Telephone and other companies and corporations; nor do we deal with the U. S. debt of $891,960,104; States, $228,997,389; Counties, $145,048,045; Municipalities, $724,463,060; School districts, $36,701,948, which in 1890 made the grand total of $18,027,170,546 including the debt under our consideration. But we deal with family-debtors, for whom debt is equal to ruin. Whereas debt to the others is prosperity.
[105]. That is, if we divide them by the line of families worth $5,000 and over, and families worth $5,000 and under; and the latter will include the economic dependants.
[108]. Enc. of Soc. Reform, p. 904, Edition of 1897.
[109]. Enc. of Soc. Reform, p. 904.
[110]. Ib., p. 904.
[111]. Mr. Dunn could not have known at the time that some Eastern States were even worse than the Western ones, and that “New York,” for instance, “is” more “conspicuously prominent as having a real estate mortgage indebtedness of $1,607,874,301, which is 26.71 per cent of the total indebtedness on acres and lots in the United States.”
[112]. Here, pp. [91], [92], or Mayo Smith, Statistics and Sociology, p. 200.