The Camel and the Needle's EyePonsonby, Arthur Ponsonby, Baron
Philosophy
The Camel and the Needle's Eye
Ponsonby, Arthur Ponsonby, Baron
Wealth; Wealth -- Moral and ethical aspects
A man by his energy and industry creates a successful business. As
his fortune grows he makes no difference in his private life beyond
that which his increasing obligations absolutely necessitate. He
judiciously sinks the greater part of his profits in his business in
order to improve it continually in all its branches. He makes his son
or successor go through the mill, educating him himself technically
in every process connected with the work so that in his turn he will
be thoroughly fitted to conduct the concern in the same progressive
spirit. This case, where a man has resisted the temptation of taking
full personal advantage of his riches to, what is called, “lift”
himself into another sphere of society and consort with a different
and, of course, we must say “higher” class, is not common. He has, so
to speak, identified himself with his work, absorbed himself in its
continuous efficiency, and, in fact, very properly treats his wealth as
a trust created by those who are working for him and also by those who
are consuming his produce, and he therefore returns it to them in the
shape of more favourable conditions for his workers and improvements
in machinery and methods of production, which permit a better and
cheaper article to be delivered to the consumer. The danger in this is
not connected with the conduct of the man himself, but it lies in the
fact that this admirable manner of conducting the business and dealing
with the profits depends solely on the one individual will. There is no
security or guarantee that his successor will see fit to behave in the
same way. The money, being in individual hands, will sooner or later
fall into the less worthy grasp of a man whose interest in the business
is insignificant compared with his desire to cut a figure of importance
by means of his riches. Our ideal manufacturer is not treating the
money or spending it as if it were his own. But nevertheless it is his
own to dispose of, and he will leave his large profits to a successor
on whose whim and fancy the responsibility of their administration
again rests.
There is no reason why he should not raise himself into another plane
and, after resigning the management of his business to other hands,
extend his activities in another direction and achieve further success.
For the few, however, who by force of character and exceptional ability
are able to rise to the level of their new circumstances, there are
many more who, simply taking advantage of their riches, abandon one
form of activity, which was useful and in which they excelled, for
the sake of associating themselves with a leisured, ease-loving, arid
society to which they do not naturally belong and which they had been
wiser to avoid. There are many men who can stand up against adversity,
but it requires a character of great depth and force to keep its
balance against success.
Public-domain text, read in full here on John Shaqi.
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