Page:Walter Renton Ingalls - Current Economic Affairs (1924).pdf/175

Rh not classed among the rich at all, is vast, as has been shown by Dr. Gray. Among the farmers, there are inequalities just as among other people; there are well-to-do farmers and there are tenant farmers who possess but little.

Such concentration of wealth as exists in the United States is nothing that either requires any apology or justifies any attack upon it. In general the people in the United States who possess wealth have earned it and have saved it out of their thrift. There is an enormous difference in the intelligence and earning capacity of people. The biologists tell us that only about one person out of 6,000 in the United States is in the “Who’s Who” class. That would imply less than 20,000 of that class in the United States. The number of people who are capable of earning and saving money is much greater than that, but nevertheless it is small in comparison with the total population.