Joel Chandler Harris' life of Henry W. Grady including his writings and speeches
History
Joel Chandler Harris' life of Henry W. Grady including his writings and speeches
Grady, Henry Woodfin, 1850-1889
Concurrent with this political drift is another movement, less formal
perhaps, but not less dangerous—the consolidation of capital. I hesitate
to discuss this phase of the subject, for of all men I despise most
cordially the demagogue who panders to the prejudice of the poor by
abuse of the rich. But no man can note the encroachment in this country
of what may be called “the money power” on the rights of the individual,
without feeling that the time is approaching when the issue between
plutocracy and the people will be forced to trial. The world has not
seen, nor has the mind of man conceived of such miraculous
wealth-gathering as are every-day tales to us. Aladdin’s lamp is dimmed,
and Monte Cristo becomes commonplace when compared to our magicians of
finance and trade. The seeds of a luxury that even now surpasses that of
Rome or Corinth, and has only yet put forth its first flowers, are sown
in this simple republic. What shall the full fruitage be? I do not
denounce the newly rich. For most part their money came under forms of
law. The irresponsibilities of sudden wealth is in many cases steadied
by that resolute good sense which seems to be an American heritage, and
under-run by careless prodigality or by constant charity. Our great
wealth has brought us profit and splendor. But the status itself is a
menace. A home that costs $3,000,000 and a breakfast that cost $5000 are
disquieting facts to the millions who live in a hut and dine on a crust.
The fact that a man ten years from poverty has an income of
$20,000,000—and his two associates nearly as much—from the control and
arbitrary pricing of an article of universal use, falls strangely on the
ears of those who hear it, as they sit empty-handed, while children cry
for bread. The tendency deepens the dangers suggested by the status.
What is to be the end of this swift piling up of wealth? Twenty years
ago but few cities had their millionaires. To-day almost every town has
its dozen. Twenty men can be named who can each buy a sovereign State at
its tax-book value. The youngest nation, America, is vastly the richest,
and in twenty years, in spite of war, has nearly trebled her wealth.
Millions are made on the turn of a trade, and the toppling mass grows
and grows, while in its shadow starvation and despair stalk among the
people, and swarm with increasing legions against the citadels of human
life.
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