Page:Walter Renton Ingalls - Wealth and Income of the American People (1924).pdf/217

Rh The farmers own the following:

The farmers participate in the property previously enumerated as general. Their ownership of automobiles constitutes a rather large percentage of the total. However, the wealth of the farmers, as of Jan. 1, 1920, according to the census, was mortgaged to other people to the amount of about four billion dollars.

Owned especially by the corporations and business interests are the following:

The stocks of goods are owned partly by the producers, including the farmers, partly by the manufacturers who fabricate raw materials, and partly by the merchants, wholesale and retail, who distribute the finished products. While the titular ownership is thus mainly with those classes, to a large extent liens