The impending crisis : $b conditions resulting from the concentration of wealth in the United StatesBouroff, Basil A.
History
The impending crisis : $b conditions resulting from the concentration of wealth in the United States
Bouroff, Basil A.
Trusts, Industrial; United States -- Economic conditions; Wealth
Or show me that article, a heavy stone in a structure, a lump of iron or
coal, a coin of silver or gold, or show me anything in the world, which
should prove to have been only stained with the sweat of the brow of a
mere speculator in motions of values, in rentable farms and homes, or in
products of the workers in need? I am sure you cannot.
While as facts I can show that the crystallized energy of the homeless,
the poor and the landless, in possession of others, floats on the
rivers, the seas and the oceans; it [SN: IT HAS NOT BEEN JUSTLY PAID
FOR.] fills up the land, builds up the towns and cities, heats them in
winter, lights them at night. In possession of others, their energy is
sold on the markets, and is laid in the stores and the banks of others.
Further, their energy stands in the forms of the plants and the
factories working in speed throughout the country; and it burns in the
stoves, in the furnace of the various works; it steams in the boilers
and moves the machines of its own making; and it pulls on the cables and
the cars upon the roads made by its muscle and bone. It crystallizes in
goods and all objects of use; it then moves on in masses upon the lines
of rails, and runs on from cities to cities, obeying speculators’
commands. So, having been shaped into millions of different forms, and
having escaped from the working hands of its genuine owners, the energy
quickly changes into more and more durable forms; and after several
motions, it finally rests in the clean hands of the speculators, as if
it were their righteous net profit and wealth.
Even this picture indicates the true basis where one should look for
justice and rights, for losses and profits.
“The profits of the Wall street kings the past year were enormous,” says
Dr. Josiah Strong,[77] about January, 1880. “It is estimated that one of
them made $30,000,000; another, $15,000,000; two, $10,000,000 each; one,
$8,000,000; and four, from $1,000,000 to $2,000,000 each; making a grand
total for 10 or 12 estates of about $80,000,000”[77] in one year.
While “Mr. F. C. Waite, special agent of the Eleventh Census, in charge
of True Wealth, makes the following statement as to the gross and net
earnings of important natural monopolies for the census year 1890.”[78]
Public-domain text, read in full here on John Shaqi.
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