The Impending Crisis; Conditions Resulting From the Concentration of Wealth in the United States
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In our eReader you can find the full English version of the book. Read The Impending Crisis; Conditions Resulting From the Concentration of Wealth in the United States Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Impending Crisis; Conditions Resulting From the Concentration of Wealth in the United States
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But the Extra Bulletin No. 98 shows that the indebtedness on owned farms was equal to $1,085,- 995,060,* and the same on owned ^•yo^-y , ^ ^ ^ . INTEREST CHARGE homes was equal to $1,046,953,603;! on farms and so that, added together, these two "°""^^- classes of debt amount to $2,132,949,563, as was stated in this Bulletin. And the average rate of interest on this debt is shown at the end of the second Bulletin to have been 6.65 per cent per annum. And "the annual interest charge is $141,- 910...,106"$ that has been a burden on 1,696,670 fam- ihes represented here in the table, p. 1 16. Of course, thousands of these families have now lost their properties forever, as there were Hens on their farms and homes representing the above total of more than 2-bilHon dollars.
♦Here, p. 112.
tib., p. 113.
tEnc. of Soc. Reform, p. go2. This interest charge is at the end of the Extra Bulletin No. 71.
136 THE IMPENDING CRISIS.
If we now unite the annual interest charge on the acres and lots mortgage debt, and the annual interest on farms and homes mort- iNTEREST CHARGE, g^ge debt, wc find that these charges amount to $539,352,898 in every year, which must be paid in any way.
What to read after The Impending Crisis; Conditions Resulting From the Concentration of Wealth in the United States?
You can find similar books in the "Read Also" column, or choose other free books by Bouroff, Basil a to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
But the Extra Bulletin No. 98 shows that the indebtedness on owned farms was equal to $1,085,- 995,060,* and the same on owned ^•yo^-y , ^ ^ ^ . INTEREST CHARGE homes was equal to $1,046,953,603;! on farms and so that, added together, these two "°""^^- classes of debt amount to $2,132,949,563, as was stated in this Bulletin. And the average rate of interest on this debt is shown at the end of the second Bulletin to have been 6.65 per cent per annum. And "the annual interest charge is $141,- 910...,106"$ that has been a burden on 1,696,670 fam- ihes represented here in the table, p. 1 16. Of course, thousands of these families have now lost their properties forever, as there were Hens on their farms and homes representing the above total of more than 2-bilHon dollars.
♦Here, p. 112.
tib., p. 113.
tEnc. of Soc. Reform, p. go2. This interest charge is at the end of the Extra Bulletin No. 71.
136 THE IMPENDING CRISIS.
If we now unite the annual interest charge on the acres and lots mortgage debt, and the annual interest on farms and homes mort- iNTEREST CHARGE, g^ge debt, wc find that these charges amount to $539,352,898 in every year, which must be paid in any way.
What to read after The Impending Crisis; Conditions Resulting From the Concentration of Wealth in the United States?
You can find similar books in the "Read Also" column, or choose other free books by Bouroff, Basil a to read onlineMoreLess
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