"Nothing so generally strikes the imagination and engages the affections
of mankind," says Sir William Blackstone, "as the right of property."
Sure it is, that society palpitates whenever a great estate passes to a
new owner, disclosing its vastness in the act of transit. Perhaps for
this fact we may find another reason in Blackstone, where he says:
"There is no foundation in nature why the son should have the right to
exclude his fellow creatures from a determinate spot of ground because
his father had done so before him, or why the occupier of a particular
field or of a jewel, when lying on his death-bed, and no longer able to
maintain possession, should be entitled to tell the rest of the world
which of them should enjoy it after him." But since the law, to reward
thrift and avoid strife, has established this artificial right of
disposal, the disparities of fortune, on these signal occasions of
transfer, always set us to pondering.
Vanderbilt, last of the three monstrously rich men of New York who have
died within three years, furnishes in his will the now tripled evidence
of a new ambition in American Croesuses--an aim to keep their fortunes
rolling and greatening for several generations in the exact paths where
they were started. Supposing that Mr. Stewart's bequest to Judge Hilton
was designed to purchase his entrance into the dry goods firm, we should
have a common aim of the triumvirate, since each has put a chosen man
into his shoes, as if with the hope to live on in this successor, like
Mordecai in "Deronda." The master passion of acquisition is thus
striving to outwit death. Astor and Vanderbilt found their second selves
in favorite sons; childless Stewart could only take his confidential
agent. Each conceivably died in the hope that a successor so carefully
selected and endowed would in turn hand over the bulk of his gigantic
wealth, in its original channel, to some steward chosen with equal care;
so that ages hence the Astor fortune still in houses, the Stewart
fortune still in trade, the Vanderbilt fortune still in railways, might
flourish under successive guardians, faithful to their tradition and
training. The John Jacob, the Cornelius, the Alexander of the past has
been blessed with the vision of his millions multiplying as he would
have them multiply, and haply has dreamed of accomplishing by his own
foresight an entail which he could not create under the laws.
If this be the new tendency that American life is called upon to face,
it is at least not hard to account for. The thirst for posthumous fame
which inflamed old heroes and poets rages still in days when greatness
collects rents, sells dry goods, and corners stocks. And after all, what
is there stranger in struggling to prolong after death one's imperious
railroad sway, his landlord laws, his massive trade monopolies, than in
slaving out one's childless old age in the hard rut of traffic, in order
to turn five surplus millions into ten?
Public-domain text, read in full here on John Shaqi.
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