Social problems; United States -- Social conditions -- 1865-1918
As a matter of fact, his income has begun to increase. In a few years,
the practice of honesty and justice on a scale that makes it impossible
for the dishonest and the unjust to crush him, results in his having a
vaster fortune than ever. Everything he touches turns to gold. In his
main enterprise, the policy of low prices, honest wares and high wages
causes business to flow in and to more than make up for the old profits
lost by the abolition of the short-sighted tyrannies and monopolistic,
pound-foolish, penny-wise policies. His tenements pay; his department
stores can’t take care of the business offered; his street-car lines
are crowded. The old business principle, time-honored, was: “Raise
prices as the demand increases.” He acts on the new, the scientific
business principle: “Lower prices as demand increases. Don’t kill that
which you have been striving to create. Foster demand.”
At first he was called a “well-meaning but wildly mistaken
philanthropist.” Now he is called a shrewder business man than
his father. Like his father, he is hated and envied by all the
rich-but-not-so-rich. And, sad yet amusing to relate, he is profoundly
suspected by those whom he is striving to benefit. Such few friends as
he has left bring this to his attention. “What’s the use?” they say.
“Look at the ingrates. If you had stolen ten millions from them and
given back a hundred thousand in charity they would have cheered you to
the echo. You pamper them, and they turn on you. If there was to be a
revolution to-morrow your head would be the first to go off.”
What does the young man reply? He might invite them to note the fact
that he is making more money than his father did and is at least
escaping the odium of being regarded as a hypocrite. But he does not.
He is a peculiar young man. He simply smiles. “I am in business to
please one customer first of all,” says he. “That customer is myself.
What does it matter to me what other people think of me? I don’t have
to live with them. But I do have to live with myself.”
And he orders further reductions of prices, and further increases of
wages, buys more street-car lines, builds more tenements, opens a
half dozen other big stores. To supply these stores with meat, eggs,
butter, vegetables, et cetera, he starts in the neighborhood of each
of his cities and towns huge farms, to which he sends boys and girls
as apprentices to learn the farming business. And he engages to set
up in the farming business each boy or girl who works well. Those who
cannot be got in love with farming are to have first call on the lower
positions in his various manufacturing and distributing enterprises.
Public-domain text, read in full here on John Shaqi.
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