Hey Rub-a-dub-dub: A Book of the Mystery and Wonder and Terror of LifeDreiser, Theodore
General
Hey Rub-a-dub-dub: A Book of the Mystery and Wonder and Terror of Life
Dreiser, Theodore
American essays -- 20th century
England has had its full share of the type in the officers and directors
of its famous East India Company (Warren Hastings, for one) and their
efforts to monopolize and exploit the Indian Empire, as well as in the
very excellent Rothschild, who flourished at the time of the Battle of
Waterloo and who stood behind a tree to view the battle in order that he
might decide for himself which side was going to win and so get to
London and the stock-market first. There he spread the report that
England had lost so that the already trembling stocks of the nation
might tumble and he be able to buy them for a song. When he had gathered
in all the shares he could carry he gave out the correct news of the
victory and reaped his harvest. Dishonest? As you choose to look at such
things. But when has high finance been honest, or let us say,
considerate of the interests of others? The financial history of this
particular individual is so selfishly single-minded as to be almost
ridiculous, suggesting a power which invents man for one purpose and no
other, as generals, saints and the like are invented.
In America, the history of our financiers is so full of thievery and
selfishness as to appear comic were it not for the mass misery which so
many of their deeds involved. Stephen Girard, for instance, stole his
employers’ ship at the outbreak of the American Revolution (pretending
it had been sunk, of course), and with the proceeds opened a wine and
cider business in Philadelphia. John Jacob Astor drugged the Indians
with fire-water and bought their furs for a song, as well as bribed
Government agents to permit him so to do. J. P. Morgan senior at the
outbreak of the Civil War sold the Government five hundred of its own
condemned rifles for twenty-two dollars each, after having but the
moment before bought them _from_ the Government for three dollars and
fifty cents each, and that with money borrowed on the strength of the
proposed contract. (History of the Great American Fortunes, Myers, Vol.
II., page 172.) Cornelius Vanderbilt blackmailed the United States
Steamship Company, plying between New York and California, in the amount
of nearly $500,000 a year by threatening to operate a rival line. (Ibid.
Vol. II., pp. 120-121.) Jay Gould robbed the various States through
which his railroad ran and drove some of his rivals to suicide. Russell
Sage robbed the city of Troy of a railroad and bribed the Minnesota and
other State Legislatures. (Ibid. Vol II., pp. 12-16.) The record is too
long to be more than mentioned here; those interested should read Myers’
remarkable work, in which the crimes as well as genius of our long line
of money kings are described in full.
Public-domain text, read in full here on John Shaqi.
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