ten times more good than if owned by one man. One million dollars owned
by one man is like one million acres owned by one man. He will certainly
make some kind of use of his acres, but the very best he can do will be
as nothing compared to the use a thousand men or more can make of them.
It is the same with a million of money. And an enterprise calling for
one million dollars of capital can be carried on just as well if that
capital is owned by fifty men, as it could if it is owned by one man. We
will have more to say on this point before we are done.

The American millionaire has also the power to squander outside of our
own territory that which is much needed in his country. And the
thousands in money which he sends to Europe for something to hang on his
walls would pay for a much needed improvement in some city or town in
the country where the money was made.

The American millionaire is a detriment to his own country any way you
take him, although a great many people are thoughtless enough to say
that we cannot get along without the millionaire. The capital which he
controls will be still here after he is legislated out of office, just
as it is when Father Time gathers him in.

He not only injures our country by taking its capital away, but he
checks development by tying up the resources which he has got title to.
He incloses thousands of acres for a few deer or some such to browse in
when the whole should be thrown open, and those in need of homes allowed
to settle it. There can be no doubt but what this is a great waste of
land when we remember how rapidly those reservations were settled when
they were thrown open within the last few years. Those large inclosures
may or may not contain land suitable for those in need of homes, but a
look through the foothills and mountains of California will show that