Prejudices, fourth seriesMencken, H. L. (Henry Louis)
History
Prejudices, fourth series
Mencken, H. L. (Henry Louis)
American essays -- 20th century; American literature -- History and criticism; Literature -- History and criticism
The same demand is made almost annually by the wheat farmers of the
Middle West. It is the theory of the zanies who perform at Washington
that a grower of wheat devotes himself to that banal art in a
philanthropic and patriotic spirit--that he plants and harvests his
crop in order that the folks of the cities may not go without bread.
It is the plain fact that he raises wheat because it takes less labor
than any other crop--because it enables him, after working sixty days
a year, to loaf the rest of the twelve months. If wheat-raising could
be taken out of the hands of such lazy _fellahin_ and organized as the
production of iron or cement is organized, the price might be reduced
by a half, and still leave a large profit for _entrepreneurs_. It
vacillates dangerously today, not because speculators manipulate it,
but because the crop is irregular and undependable--that is to say,
because those who make it are incompetent. The worst speculators, as
everyone knows, are the farmers themselves. They hold their wheat
as long as they can, borrowing our money from the country banks and
hoping prayerfully for a rise. If it goes up, then we pay them an extra
and unearned profit. If it goes down, then they demand legislation
to prevent it going down next time. Sixty days a year they work; the
rest of the time they gamble with our bellies. It is probably the
safest gambling ever heard of. Now and then, true enough, a yokel who
plunges too heavily comes to grief, and is ingested by the county-town
mortgage-shark; now and then a whole county, or State or even larger
area goes bankrupt, and the financial dominoes begin falling down all
along the line from Saleratus Center to New York. But such catastrophes
are rare, and they leave no scars. When a speculator goes broke in Wall
Street it is a scandalous matter, and if he happens to have rooked
anybody of importance he is railroaded to jail. But when a speculator
goes broke in the great open spaces, there is a great rush of political
leucocytes to the scene, and presently it is made known that the sin
was not the speculator’s at all, but his projected victims’, and that
it is the prime duty of the latter, by lawful order upon the Treasurer
of the United States, to reimburse him his losses and set him up for a
new trial.
Public-domain text, read in full here on John Shaqi.
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