Social problems; United States -- Social conditions -- 1865-1918
In the future of America there are mystic events which time only can
disclose. "Onward" is the watchword of the living present. Every
American believes there is "a tide in the affairs of men which, taken at
the flood, leads on to fortune." The "almighty dollar" is his leading
star. Hoards of gold and silver glitter in the distance. In acquiring
wealth he acquires power. He knows that wealth is power; and hence the
acquisition of wealth has become the ruling passion of the age. In other
words, money supersedes merit, while moral honesty is held at a
discount. Lamentable as the fact may be, it is evident that an
unscrupulous desire to obtain wealth and political honors pervades all
classes of American society, from the highest to the lowest.
In order to facilitate the accumulation of wealth, and achieve their
ambitious aims, individuals consolidate their capital in corporations,
and corporations consolidate themselves into overgrown monopolies. In
this way almost every leading branch of trade and of manufactures, as
well as railroad interests, shipping interests, and telegraph lines, are
merged in corporations,--in fact, nearly all that remains of
individuality is lost in corporationality. Of course the mere
individual, however meritorious, becomes literally powerless unless
recognized by a corporation. Though a trite saying, it is nevertheless
true that corporations are "soulless," and therefore devoid of human
feeling and of human sympathies. Among the most formidable of these
monopolies are the railroad corporations, ever busy in weaving their
spider-like webs over the entire continent. In discharging their duties
to the public they seldom subordinate their own interests.
Almost every man of wealth in America is a stockholder in one or more
incorporated companies, and will of course act politically, as well as
individually, in accordance with his interests. Both the commercial and
financial operations of the country are essentially in the hands of
corporations. They in fact monopolize the banking institutions; and if
they do not control, they evidently desire to control, the legislation
and government of the entire country. Indeed, the time has already
come, when in quite too many instances the popular voice yields to the
corporative voice, while personal merit and qualification for office
become questions of secondary importance. It is easy to be seen that
corporative interests have become not only gigantic, but are engaged,
with pick and spade, in undermining the very foundations of the
Republic. If the people would preserve their equal rights, and enjoy the
blessings of a free government, they must not only remember, but act on
the principle, that "eternal vigilance is the price of liberty."
Public-domain text, read in full here on John Shaqi.
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