Antitrust law -- United States -- Fiction; Capitalists and financiers -- Fiction; Railroad stories
You may define a mass delusion; you cannot explain it really. It is a
malady of the imagination, incurable by reason, that apparently must
run its course. If it does not lead people to self-destruction in a
wild dilemma between two symbols of faith it will yield at last to the
facts of experience.
Once the peace of the world was shattered by this absurd question: Was
the male or the female faculty the first cause of the universe? There
was no answer, for man himself had invented the riddle; nevertheless
what one believed about it was more important than life, happiness or
civilization. Proponents of the male principle adopted the color white.
Worshippers of the female principle took for their sign and symbol
the color red, inclining to yellow. Under these two banners there
took place a religious warfare which involved all mankind, dispersed,
submerged and destroyed whole races of people and covered Asia, Africa
and Europe with tragic ruins. Then someone accidentally thought of
a third principle which reconciled those two and human sanity was
restored on earth. All this is now forgotten.
Since then people have been mad together about a number of
things,--God, tulips, witches, definitions, alchemy and vanities
of precept. In 1894 they were mad about money,--not about the use,
possession and distribution of it, but as to the color of it, whether
it should be silver,--that is to say, white like the symbol of those
old worshippers of the masculine faculty, or gold,--that is, red
inclining to yellow, as was the symbol of those who in the dimness of
human history adored the feminine faculty.
And as people divided on this question of silver or gold they became
utterly delirious. Either side was willing to see the government’s
credit ruined, as it very nearly was, for the vindication of a fetich.
They did not know it. They had not the remotest notion why or how they
were mad because they were unable to realize that they were mad at all.
I have recently turned over the pages of the newspapers and periodicals
of that time to verify the recollection that events as they occurred
were treated with no awareness of their significance. And it was so.
Intelligence was in suspense. The faculty of judgment slept as in a
dream; the imagination ran loose, inventing fears and phantasies. That
the government stood on the verge of bankruptcy or that the United
States Treasury was about to shut up under a run of panic-stricken gold
hoarders was regarded not as a national emergency in which all were
concerned alike, but as proof that one theory was right and another
wrong, so that one side viewed the imminent disaster gloatingly and was
disappointed at its temporary postponement, while the other resorted to
sophistries and denied self-evident things.
Public-domain text, read in full here on John Shaqi.
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