Capital; Capitalists and financiers -- United States
And he should never forget that the advantages and powers which he
enjoys are his on suffrance, so to speak, during good behavior, the
basis of their conferment being the consideration that the community
wants his talents and his work, and grants him generous
compensation--including the privilege of passing it on to his
children--in order to stimulate him to the effort of using his
capacities, since it is in the public interest that they should be used
to their fullest extent.
He should never forget that the social edifice in which he occupies so
desirable quarters, has been erected by human hands, the result of
infinite effort, of sacrifice and compromise, the aim being the greatest
good of society; and that if that aim is clearly shown to be no longer
served by the present structure, if the successful man arrogates to
himself too large or too choice a part, if, selfishly, he crowds out
others, then, what human hands have built up by the patient work of many
centuries, human hands can pull down in one hour of passion.
The undisturbed possession of the material rewards now given to success,
because success presupposes service, can be perpetuated only if its
beneficiaries exercise moderation, self-restraint, and consideration for
others in the use of their opportunities, and if their ability is
exerted, not merely for their own advantage, but also for the public
good and the weal of their fellow men.
4. Stand up for Convictions and Organize
In the political field, the ways not only of finance but of business in
general have been often unfortunate and still more often ineffective.
It is in conformity with the nature of things that the average man of
business, responsible not only for his own affairs, but often trustee
for the welfare of others, should lean towards that which has withstood
the acid test of experience and should be somewhat diffident towards
experiment and novel theory.
But, making full allowance for this natural and proper disposition, it
must, I believe, be admitted that business, and especially the
representatives of large business, including high finance, have too
often failed to recognize in time the need and to heed the call for
changes from methods and conceptions which had become unsuitable to the
time and out of keeping with rationally, progressive development; that
they have too often permitted themselves to be guided by a tendency
toward unyielding or at any rate apparently unyielding Bourbonism
instead of giving timely aid in a constructive way toward realizing just
and wise modifications of the existing order of things.
Apart from these considerations and leaving aside practices formerly not
uncommon, but which modern laws and modern standards of morality have
made impossible, it may be said generally that business is doing too
much kicking and not enough fighting.
Public-domain text, read in full here on John Shaqi.
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