Books: Vanishing Assets

THE ENDING OF HEREDITARY AMERICAN FORTUNES—Gustavus Myers — Messner ($3.50).

In 1909 a one-horse, Socialist-minded Chicago publisher printed a small edition of Gustavus Myers' History of the Great American Fortunes. Its author was a fact-worshipping reporter of Philadelphia and Manhattan who had spent eight years digging out his facts. No other publisher would touch it—they feared it was "of such a nature ... as to get us into a great deal of trouble." Declared a typical nose-holding review (New York Times): "It leaves such a bad taste in the mouth that readers may...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!