History of the Great American Fortunes, Vol. I: Conditions in Settlement and Colonial TimesMyers, Gustavus
History
History of the Great American Fortunes, Vol. I: Conditions in Settlement and Colonial Times
Myers, Gustavus
United States -- Economic conditions; Wealth -- United States
Omitting the records of other States, a few salient facts as to what
took place in New York State will suffice to give a clear idea of some
of the methods of the trading class in pressing forward their conquests,
in hurling aside every impediment, whether public opinion or law, and in
creating new laws which satisfied their extending plans for a
ramification of profit-producing interests. If forethought, an
unswerving aim and singleness of execution mean anything, then there
was something sternly impressive in the way in which this rising
capitalist class went forward to snatch what it sought, and what it
believed to be indispensable to its plans. There was no hesitation, nor
were there any scruples as to niceties of methods; the end in view was
all that counted; so long as that was attained, the means used were
considered paltry side-issues. And, indeed, herein lies the great
distinction of action between the world-old propertied classes and the
contending proletariat; for whereas the one have always campaigned
irrespective of law and particularly by bribery, intimidation,
repression and force, the working class has had to confine its movement
strictly to the narrow range of laws which were expressly prepared
against it and the slightest violation of which has called forth the
summary vengeance of a society ruled actually, if not theoretically, by
the very propertied classes which set at defiance all law.
THE BANKING FRAUDS BEGIN.
The chartered monopoly held by the traders who controlled the United
States Bank was not accepted passively by others of the commercial
class, who themselves wanted financial engines of the same character.
The doctrine of State's rights served the purpose of these excluded
capitalists as well as it did that of the slaveholders.
Public-domain text, read in full here on John Shaqi.
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