Democratic Sentinel, Volume 16, Number 28, Rensselaer, Jasper County, 29 July 1892 — Great Authorities Differ. [ARTICLE]

Great Authorities Differ.

The American Economist, the “protectionists’ Bible,” said on April 15, 1892, “99 per cent, of the great fortunes that do exist here have been amassed in pursuits that are not touched by the tariff.” The New York Tribune used to talk in-this way, and to prove that it really ! believed what it said it some time ago set about preparing a list of the millionaires in this country, classified as to the manner in which they had made the bulk of their fortunes. The list as completed recently shows that out of 4,095 millionaires 1,170 owe their wealth

mainly to protected Industries. WIIJ the Economist note these figures and revise its estimates, or will it continue its glaring false assertions irrespective of protectionist statistics?