Note 1 — Chapter XIV

According to estimates based on studies of estates probated in Massachusetts and Wisconsin, it appears that 2 per cent. of the population owned almost 60 per cent. of the wealth while the poorest 65 per cent. of the population died in possession of only about 5 per cent. of the wealth. See King (W. I.), "The Wealth and Income of the People of the United States," New York, 1915; also cited sources.