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
Were the bribers ever punished, their illicitly gotten charters declared
forfeited, and themselves placed under the ban of virtuous society?
Far, very far, from it! The men who did the bribing were of the very
pinnacle of social power, elegance and position, or quickly leaped to
that height by reason of their wealth. They were among the foremost
landholders and traders of the day. By these and a wide radius of
similar means, they amassed wealth or greatly increased wealth already
accumulated. The ancestors of some of the most conspicuous
multimillionaire families of the present were deeply involved in the
perpetration of all of those continuous frauds and crimes--Peter Goelet
and his sons, Peter P. and Robert, for instance, and Jacob Lorillard,
who, for many years, was president of the Mechanics' Bank. No stigma
attached to these wealth-graspers. Their success as possessors of riches
at once, by the automatic processes of a society which enthroned wealth,
elevated them to be commanding personages in trade, politics, orthodoxy
and the highest social spheres. The cropped convict, released from
prison, was followed everywhere by the jeers and branding of a society
which gloated over his downfall and which forever reminded him of his
infamy. But the men who waded on to wealth through the muck of base
practices and by means of crimes a millionfold more insidious and
dangerous than the offense of the convict, were not only honored as
leading citizens, but they became the extolled and unquestioned
dictators of that supreme trading society which made modes, customs and
laws.
It was a society essentially built upon money; consequently he who was
dexterous enough to get possession of the spoils, experienced no
difficulty in establishing his place among the elect and anointed. His
frauds were forgotten or ignored; only the fact that he was a rich man
was remembered. And yet, what is more natural than to seek, and accept,
the obeisance lavished upon property, in a scheme of society where
property is crowned as the ruling power? In the rude centuries
previously mankind exalted physical prowess; he who had the greatest
strength and wielded the deftest strokes became victor of the judicial
combat and gathered in laurels and property. But now we have arrived at
the time when the cunning of mind supplants the cunning of muscle;
bribery takes the place of brawn; the contestants fight with statutes
instead of swords. And this newer plan, which some have decried as
degenerate, is a great advance over the old, for thereby has brute force
been legally abandoned in personal quarrels at least, and that cunning
of mind which has held sway, is the first evidence of the reign of mind,
which from a low order, will universally develop noble and supereminent
qualities charged with the good, and that alone, of the human race.
ASTOR'S BANKING ACTIVITIES.
Public-domain text, read in full here on John Shaqi.
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