Evening Republican, Volume 18, Number 22, Rensselaer, Jasper County, 26 January 1914 — ENGLAND’S MANY RICH MEN [ARTICLE]

ENGLAND’S MANY RICH MEN

Income* Largely Derived From Invest ments Abroad, Which Reach an Enormous Total. England’s assessed income from abroad, as set forth in the income tax statistics last year, reached the immense total of 1520,000,000, which represents capital of nearly 113,000,000. These incomes are derived from foreign mines, gas works, water works, tramways, breweries, tea and coffee plantations, nitrate grounds, oil fields, land, financial, telegraph, cable, shipping . and insurance companies, branches of banks and mercantile companies, mortgages on property, loans and deposits abroad and profits of all kinds arising from business done abroad by manufacturers, 'merchants and commission agents. When it is realized how great is the capital invested by Englishmen abroad in these varied interprises the immense aggregate income, outside that included in the income tax statistics, can be imagined. According to the sanie statistics, there are 214 persons in the United Kingdom with an income of $275,000, which means that there are that many persons possessing a capital of about $6,000,000 each. But these are not the richest Englishmen. There are 66 with an income of $600,000 and over, 65 with an income of from $375,000 to $500,000, 37 with incomes of $325,000 to $375,000, and 56 with incomes of from $275,000 to $325,000. Furthermore, there are 4,143 persons with incomes of $60,000 and over, _ which means the possession of a capital of $1,000,000 and more. Consequently the total of persons in the country who possess at least $1,000,000 does net fall short of 4,751.