"On the contrary," I replied, "I should think you had been reading aloud from a collection of newspapers of the period. All the political, social, and business facts and symptoms to which the writer has referred were matters of public discussion and common notoriety. If they did not impress me as they do now, it is simply because I imagine I never heard them grouped and marshaled with the purpose of bringing out their significance."
Once more the doctor asked Edith to bring him a book from the library. Turning the pages until he had found the desired place, he said:
"Lest you should fancy that the force of Storiot's statement of the economic situation in the United States during the last third of the nineteenth century owes anything to the rhetorical arrangement, I want to give you just a few hard, cold statistics as to the actual distribution of property during that period, showing the extent to which its ownership had been concentrated. Here is a volume made up of information on this subject based upon analyses of census reports, tax assessments, the files of probate courts, and other official documents. I will give you three sets of calculations, each prepared by a separate authority and based upon a distinct line of investigation, and all agreeing with a closeness which, considering the magnitude of the calculation, is astounding, and leaves no room to doubt the substantial accuracy of the conclusions.
"From the first set of tables, which was prepared in 1893 by a census official from the returns of the United States census, we find it estimated that out of sixty-two billions of wealth in the country a group of millionaires and multimillionaires, representing three one-hundredths of one per cent of the population, owned twelve billions, or one fifth. Thirty-three billions of the rest was owned by a little less than nine per cent of the American people, being the rich and well-to-do class less than millionaires. That is, the millionaires, rich, and well-to-do, making altogether but nine per cent of the whole nation, owned forty-five billions of the total national valuation of sixty-two billions. The remaining ninety-one per cent of the whole nation, constituting the bulk of the people, were classed as the poor, and divided among themselves the remaining seventeen million dollars.
"A second table, published in 1894 and based upon the surrogates' records of estates in the great State of New York, estimates that one per cent of the people, one one-hundredth of the nation, possessed over half, or fifty-five per cent, of its total wealth. It finds that a further fraction of the population, including the well-to-do, and amounting to eleven per cent, owned over thirty-two per cent of the total wealth, so that twelve per cent of the whole nation, including the very rich and the well-to-do, monopolized eighty-seven per cent of the total wealth of the country, leaving but thirteen per cent of that wealth to be shared among the remaining eighty-eight per cent of the nation. This eighty-eight per cent of the nation was subdivided into the poor and the very poor. The last, constituting fifty per cent out of the eighty-eight, or half the entire nation, had too little wealth to be estimated at all, apparently living a hand-to-mouth existence.
"The estimates of a third computator whom I shall quote, although taken from quite different data, agree remarkably with the others, representing as they do about the same period. These last estimates, which were published in 1889 and 1891, and like the others produced a strong impression, divide the nation into three classes--the rich, the middle, and the working class. The rich, being one and four tenths per cent of the population, are credited with seventy per cent of the total wealth. The middle class, representing nine and two tenths per cent of the population, is credited with twelve per cent of the total wealth, the rich and middle classes, together, representing ten and six tenths per cent of the population, having therefore eighty-two per cent of the total wealth, leaving to the working class, which constituted eighty-nine and four tenths of the nation, but eighteen per cent of the wealth, to share among them."
"Doctor," I exclaimed, "I knew things were pretty unequally divided in my day, but figures like these are overwhelming. You need not take the trouble to tell me anything further by way of explaining why the people revolted against private capitalism. These figures were enough to turn the very stones into revolutionists."
"I thought you would say so," replied the doctor. "And please remember also that these tremendous figures represent only the progress made toward the concentration of wealth mainly within the period of a single generation. Well might Americans say to themselves 'If such things are done in the green tree, what shall be done in the dry?' If private capitalism, dealing with a community in which had previously existed a degree of economic equality never before known, could within a period of some thirty years make such a prodigious stride toward the complete expropriation of the rest of the nation for the enrichment of a class, what was likely to be left to the people at the end of a century? What was to be left even to the next generation?"
[CHAPTER] XXXV.
Why The Revolution Went Slow At First But Fast At Last.