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
But, such was the destructive, intestinal character of competitive
warfare, that even this class was continually in the throes of
convulsive struggles. Each had to fight, not merely to get the wealth of
others, but to keep what he already possessed. If he could but frustrate
the attempts of competitors to take what he had, he was fortunate. As he
preyed upon the laborer, so did the rest of his class seek to prey upon
him. If he were less able, less cunning, or more scrupulous than they,
his ruination was certain. It was a system in which all methods were
gauged not by the best but by the worst. Thus it was that many
capitalists, at heart good men, kindly disposed and innately opposed to
duplicity and fraud, were compelled to adopt the methods of their more
successful but thoroughly unprincipled competitors. And, indeed,
realizing the impregnating nature of example and environment, one cannot
but conclude that the tragedies of the capitalist class represented so
many victims of the competitive system, the same as those among the
wageworkers, although in a very different way. Yet in this bewildering
jumble of fortune-snatching, an extraordinary circumstance failed to
impress itself upon the class which took over to itself the claim to
superior intelligence and virtue. The workers, for the most part,
instinctively, morally and intellectually, knew that this system was
wrong, a horror and a nightmare. But even the capitalist victims of the
competitive struggle, which awarded supremacy to the knave and the
trickster, went to their doom praising it as the only civilized,
rational system and as unchangeable and even divinely ordained.
THE PREVAILING CORRUPTION.
If corruption was flagrant in the early decades of the nineteenth
century, it was triply so in the middle decades. This was the period of
all periods when common councils all over the country were being bribed
to give franchises for various public utility systems, and legislatures
and Congress for charters, land, money, and laws for a great number of
railroad and other projects. The numerous specific instances cannot be
adverted to here; they will be described more appropriately in
subsequent parts of this work. For the present, let this general and
sweeping observation suffice.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account