There was a printer's error on p. 658 of D. M. P. McCarthy's article, “Media as Ends: Money and the Underdevelopment of Tanganyika to 1940,” in the September 1976 issue of the Journal. The last sentence in the second paragraph should read: “There were, however, local appreciations of copper over silver caused by a shortage of cents which, in turn, aggravated undersupply as copper became sensitive to the speculative demand.”

Although they had recourse to both the perfectly partible and the perfectly impartible systems of inheritance, nineteenth-century Ontarion farmers commonly employed a unique English-Canadian variation on the perfectly impartible pattern. They devised their estates upon one, or occasionally two of their children, binding them to pay out of their inheritance or other resources the provisions for remaining survivors made in the will. The purpose of this system was to allow land rich and money poor agrarians to pass on their principal asset intact, and it reflects their belief that favorable man/land ratios were the essence of security and prosperity. At the same time, the system made the principal heir the instrument of the deceased parent's desire to treat all of his surviving dependents more or less equally in terms of the value of their inheritances. The system guaranteed that those who inherited land would acquire sufficient land to pursue time tested agricultural methods, but it promoted severe demographic and social dislocations.

When tested against U.S. evidence back to the nineteenth century a straight-forward model of wealth accumulation contradicts the belief that “the rich are getting richer.” If the wealth owned by the top 1 percent of American families in 1922 had earned only a modest 8 percent yearly until 1953 then they (or their heirs) would have owned 98 percent of personal wealth—instead of an actual share of 28 percent. The erosion of top wealth groups also appears for 1953–1969, and for 1892 and the years following. The reasons for such erosion, inherent in the structure of U.S. families and of U.S. institutions, are discussed.