The industrial republic: a study of the America of ten years henceSinclair, Upton
History
The industrial republic: a study of the America of ten years hence
Sinclair, Upton
Socialism -- United States; United States -- Economic conditions -- 1865-1918; United States -- Social conditions -- 1865-1918
I have noticed the very curious fact about your views, that all your
hope of betterment is in the future—it is always how we can prevent new
stealing, never how we can punish the past. And so those thirty million
dollars of Magee and Quay, the forty-six millions of the Amalgamated
deal—they are safe and beyond recall forever? Mr. Lawson talks about
“restitution”; do you think he will ever bring it about—do you see any
signs of it so far? And yet those forty-six million dollars, assuming
that they grow at ten per cent., a small earning for such a sum—year
after year they will be, roughly speaking, as follows: 46, 51, 56, 63,
69, 76, 84, 92, 101, 111, 122, 134, 147, 162, 178, 196, 216, 238, 262,
288, 318, and so on. In other words, the heirs of the “Amalgamated”
financiers will twenty years from now have multiplied that sum nearly
seven times, and be receiving nearly seven times as much tribute from
the sewing-girl in the Chicago slums and the children in the Georgia
cotton mill. I, Mr. Steffens, am one of those who look upon all profits,
rent, interest, and dividends as a survival of barbarism, the last but
not the least of the devices whereby the strong enslave the weak and
profit by their toil; but I assume that you are not one of these—that
you are one of the class I heard described by a speaker the other night,
“who think that the first dollar is a male dollar and the second a
female, and that when you put them in the bank together they bring forth
dimes and nickels, which in the course of the years grow up to be
dollars as big as their parents.” Yet even so, you can not but recognise
the distinction between legitimate and illegitimate children. You can
not—to drop an inconvenient metaphor—claim that society can by any
possibility whatever be required to go on paying tribute to that stolen
forty-six millions—the three hundred and eighteen millions of twenty
years from now. It is a maxim of law, Mr. Steffens, that there is no
wrong without its redress.
Public-domain text, read in full here on John Shaqi.
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