Democratic Sentinel, Volume 15, Number 41, Rensselaer, Jasper County, 30 October 1891 — One Result of Protection. [ARTICLE]

One Result of Protection.

“I have the authority of the American Economist (the organ of the Protective Tariff League) that in 1889 the number of people in the United States who owned their own homes had In twentyfive years fallen from five-eighths to three eighths How long will it take them to fall to one eighth or one-thou-sandth? History is not without lessons in thi3 regard, and I quote from the Progress, published in Boston: “ ‘When Egypt went down 2 per cent, of her people owned 97 per cent of her wealth. The people were starved to death. When Babylon went down 2 per cent, of her people owned all of her wealth The people were starved to death. When Persia went down 1 per cent of her population owned all the land. When Rome went down 1,800 men owned all the known world.’ “In 1850 in this country the capitalists owned 37>4 per cent of our wealth. To-day they own more than twice that Amount of oar wealth. Hat* they been

more honest, more industrious, more enterprising? Have they lived closer? Have they deserved better at the bands of Providence or of their countrymen than the farmers and wage-workers, or oven bf the lawyers, doctors and preachers. ” —Gov. Campbell, at Ada.