Note 50 — Chapter III · PROPERTIED AND PROPERTYLESS PEOPLE.

Even the uncultivated land is a great source of income to its owner. And if it were not so, the great landowners of England and Scotland would not have owned fully 20,000,000 acres of the U. S. land. But now five of them own it, and draw large incomes from it, while remaining at home beyond the Atlantic. And the Holland syndicate and the German syndicate could not have owned 7,000,000 acres of the U. S. land, if it were not a source of income, even without special application of any labor energy to it. But now the former syndicate owns 5,000,000 acres of grazing land in Western States; and the latter owns 2,000,000 acres of it in various States, as the “Up to Date, Coin’s Financial School,” has indicated, pp. 108-118.