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
So composite, however, is the human character, so crossed and seamed by
conflicting influences, that at no time is it easy to draw any absolute
line between motives. Merely because he exploited his employees
mercilessly, and cheated the public treasury out of millions of dollars,
it does not necessarily follow that Field was utterly deficient in
redeeming traits. As business is conducted, it is well known that many
successful men (financially), who practice the most cruel and oppressive
methods, are, outside the realm of strict business transactions,
expansively generous and kind. In business they are beasts of prey,
because under the private property system, competition, whether between
small or large concerns, is reduced to a cutthroat struggle, and those
who are in the contest must abide by its desperate rules. They must let
no sympathy or tenderness interpose in their business dealings, else
they are lost.
But without entering into a further philosophical disquisition, this
fact must be noted: The amounts that Field gave for "philanthropy" were
about identical with the sums out of which he defrauded Chicago in the
one item of taxes alone. Probed into, it is seen that a great part of
the sums that multimillionaires have given, represent but a tithe of the
sums cheated by them in taxes. William C. Schermerhorn donates $300,000
to Columbia University; the aggregate amount that he defrauded in taxes
was much more. Thus do our magnates supply themselves with present and
posthumous fame gratuitously. Not to consider the far greater and
incalculably more comprehensive question of their appropriating the
resources of the country and the labor of hundreds of millions of
people,[186] and centering attention upon this one concrete instance of
frauds in taxes, the situation presented is an incongruous one. Money
belonging to the public treasury they retain by fraud; this money,
apparently a part of their "honestly acquired" fortune, is given in
some form of philanthropy; and then by some curious oversetting of even
conventional standards, they reap blessings and glory for giving what
are really stolen funds.
"Those who enjoy his confidence," wrote an effervescent eulogist of
Field, "predict that the bulk of his vast fortune will be devoted to
purposes of public utility." But this prediction did not materialize.
$140,000,000 TO TWO BOYS.
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