Evening Republican, Volume 23, Number 164, Rensselaer, Jasper County, 9 July 1920 — Concentration of Wealth. [ARTICLE]

Concentration of Wealth.

In substantiation of the contention that very much of the national wealth is finding its way into a few private hands, Congressman Henry T. Rainey, In the house of congress, made the following statements, based on statistics of the federal income tax bureau : “There.are two men in the United States whose income last year was over $16,000,000. There are five men in the United States whose income last year was over $5,000,000 apiece. In 1914, before the war started, there were 60 men whose annual Incomes were over $1,000,000 apiece. Last year there were 248 whose Incomes were over $1,000,000 apiece. In 1914 there were 114 men whose incomes were between $500,000 and $1,000,000 apiece. Last year there were 405 men whose incomes reached this Immense sum. In 1914 there were 147 men whose incomes were between $300,000 and 400.000 apiece. “Today there are 400 men who enjoy- that In 1914 there were 130 comes exceeded $250,000, $300,000. Now there are that income. In 1914 233 men with an income between $200,000 and $250,000. Now there are 750 men who are enjoying that income. In 1914 there were 406 men whose incomes exceeded $150,000 and was under $200,000. Now there are 1,300 men who enjoy that income.’*'