Business; Capitalists and financiers -- United States; Speculation; Wall Street (New York, N.Y.)
The illegitimate methods by which the wealth of this class has
been accumulated cannot always remain a mystery to the masses.
The time will come when every citizen will clearly perceive how
his interests have been sacrificed for the creation of this
abnormal class; and, when that time comes, a series of public
questions will arise that will strain our political institutions
to their very foundations. Already the working masses begin to
see the dim outline of the gigantic wrong that has been
inflicted upon them in common with all other classes. If they do
not understand the exact method by which a portion of the
rewards of labor has thus been diverted from them, they clearly
comprehend which is the class responsible. The labor troubles
that have so seriously shaken confidence during the spring of
this year have been largely stimulated by an idea that a serious
wrong has been done to the workman in the creation of these
abnormal fortunes. It is not surprising—although it may lead to
disappointing results—if workingmen should reason that, if
railroads can afford to make a few men so wonderfully rich, they
can afford to pay their employees higher wages and for shorter
hours. Nor can we wonder if, when capitalists are on every hand
piling up their wealth by the tens of millions, the laborer
should conclude that he ought to be able to get a few dollars a
week more, or deduct an hour or two off his day’s work, without
very seriously hurting the employing class. This may be and is
very fallacious reasoning; but it is what might very naturally
be expected under these circumstances, from a class who are not
trained to think beyond surface depth. It will be of no avail to
tell the workmen that this unjust distribution of wealth is
final and irrevocable; that there is no power of redress by
which a wrong of this nature can be righted; or that, as voting
citizens, they are as much responsible as anybody else for
permitting the neglects and defects of legislation that have
made these inequalities possible. This class never reason either
calmly or logically, and it will take a great deal of fruitless
agitation to satisfy them of the hopelessness of their methods
of seeking reparation.
Public-domain text, read in full here on John Shaqi.
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