The Passing of the Idle RichMartin, Frederick Townsend
History
The Passing of the Idle Rich
Martin, Frederick Townsend
Rich people -- United States; United States -- Social conditions -- 1865-1918; Wealth -- United States
To gain its ends, wealth crept stealthily into every seat of power.
The law stood in its way; therefore, in legislative halls and in
political caucuses, wealth had to have its representatives. The
legislatures, the courts, the press--these were made pawns in the game
of exploitation. Where-ever possible, the army of exploiters laid
profane hands even upon the trusteed funds that guard the poverty of
the spoiled and broken, the funds of the savings-banks, and of the
insurance companies. Nothing was sacred; nothing was secure.
The raw material of wealth, as I have stated in a previous chapter,
is the labour of men. In the days of individual effort, exploitation
of labour was not possible, for men shied off from the chains of the
exploiter, took to the boundless free fields of the West, and declared
over again that they would dwell and labour in freedom, or they would
die.
But, in the census of 1900, it is shown clearly that the average
employé in this country produces every year $1,280 of wealth, after
full allowance for the cost of the material he works with and all
possible running expenses that are paid by his employer. Out of this
amount of wealth he gets $437. The remainder, $843, goes into the hands
of other men--the capitalist or the exploiter of labour.
That money, nearly two thirds of the wealth produced by the men who
labour with their hands and heads, goes to pay interest and dividends
on the securities that represent the increment gathered by those who
sold out in other days, or who capitalized their plants and settled
down to draw their sustenance from the labour of other men.
Hence the idle rich. I do not mean to say that by any means all of the
dividends and interest are gathered by the idle rich. Such a condition
as that can exist but once in the history of a nation. It came about
in Rome--and it led to the fall. It came about in France--and it led
to the terror. Here, in America, it has gone far to be sure, and the
tendency is still onward; but it has not yet quite reached a point
where one may say: “To-morrow the harvest is ripe!”
“_As well might the oligarchy attempt to stay the flux and reflux
of the tides as to attempt to stay the progress of freedom in
the South. Approved of God, the edict of the genius of Universal
Emancipation has been proclaimed to the world, and nothing,
save Deity himself, can possibly reverse it. To connive at the
perpetuation of slavery is to disobey the commands of Heaven. Not
to be an abolitionist is to be a wilful and diabolical instrument
of the devil. The South needs to be free, the South wants to be
free, the South SHALL be free!_”
--HINTON ROWAN HELPER.
_Chapter Four_
WHO ARE THE SLAVES?
Public-domain text, read in full here on John Shaqi.
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