nmtDT * A 0: ! 0! 8\ 2 = 3 i 4 1 I 8 I The Masses and. the 13 ionaires By vr illiam Jackson Armstrong T HE Masses AND THE millionaires. ♦♦ [(•))♦♦ LECTURE William Jackson Armstrong, Delivered before the Oakland Nationalist Club, -in Hamilton Hall, Oakland, California, on Monday Evening, May 26, 1890. PRICE, TEN CENTS. Copyrighted 1890, by William Jackson Armstrong I The Masses ^Millionaires, Fellow-citizens: The. highest attribute of man is not intelligence. Intelligence is common to the brutes. The noblest characteristic of our race is the capacity for the sense ■<>f justice. That sentiment the brutes do not possess. But among civilized or savage men there is none beyond its claim. Whether in marble palaces or African jungles, there is no human heart that does not throb faster at its appeal. £g By this fact the civilization of man is possible. Justice is *~l the music of history by which man marches to his destiny. »= The measure of any civilization is the measure of its justice. a Men and women are civilized according as they hate injus- ~ J tice. The man who does not feel the wrong: of his fellow- j* men is a savage. §2 To-day the more enlightened nations of the world are face to face with the greatest problem of justice that has been met in history. With the work of civilization so far ac- complished that there is enough accumulated wealth to make comfortable all the people of civilized countries, there remains before the world the spectacle of almost infinite suf- fering and want. Behind this spectacle of suffering is the spectacle of inequality without corresponding merit. Be- hind this spectacle of inequality is the specter of fear iu the lives of innocent millions, 370590 EX LIBRIS SAX CARLOS 1769 ROBERT ERNEST COWAN 473 The Masses * Millionaires. Fell-OW-CITKENS : The highest attribute of man is not intelligence. Intelligence is common to the brutes. The noblest characteristic of our race is the capacity for the sense of justice. That sentiment the brutes do not possess. But among civilized or savage men there is none beyond its ■claim. Whether in marble palaces or African jungles, there is no human heart that does not throb faster at its appeal. |j£ By this fact the civilization of man is possible. Justice is ^ the music of history by which man marches to his destiny. cc The measure of any civilization is the measure of its justice. §| Men and women are civilized according as they hate injus- "" J tice. The man who does not feel the wrong of his fellow- ^ men is a savage. f-. To-day the more enlightened nations of the world are face to face with the greatest problem of justice that has been met in history. With the work of civilization so far ac- complished that there is enough accumulated wealth to make comfortable all the people of civilized countries, there remains before the world the spectacle of almost infinite suf- fering and want. Behind this spectacle of suffering is the spectacle of inequality without corresponding merit. Be- hind this spectacle of inequality is the specter of fear in the Jives of innocent millions, .'570590 4 THE MASSES \M> THE MILLIONAIRES. A few centuries ago these grim facts would have troub- led nobody. Those were ages of force and. brutality. Men were indifferent to the sufferiug of their fellows. The sense of human rights had not quickened. To-day it is different. General Grant tells us in his memoirs that, knocked about in his boyhood in many log school-houses, lie was told so often that a noun was the name of a thing that he began to. believe it. A similar fatality has overtaken modern Chris* tianity. It has been preached so long from the pulpits of the world, that there are people even outside of the churches wh o begin to suspect its doctrines of truth. To the minds of millions of men and women, the equality and brother- hood of man are no longer rhetorical phrases. Miraculous religion has fared as.it could; but, side by side with the growth of hideous wrongs, the growth of the moral instinct and the sharpening sense of the solidarity of our race, have been the great features of our time. The presence of pov- erty and suffering in the midst of plenty is felt as a moral di>- cord. The conscience of civilization is troubled. The last decade of the nineteenth century begins with an interroga- tion point for justice, Millions of intelligent men and women are asking what is the matter, and, whatever is the matter, whether it cannot be cured. Other millions of intelligent men and women have begun to make answers to this question. There are five millions of Socialists in Germany. There are ten mill- ions of incipient Socialists in the United States. The opin- ion of these people, whether guided or misguided, will some November morning make a mighty force at the ballot-box. These thinking and intelligent people assert that injustice is the matter with our modern society. They assert that the civilization of Christendom is trying to live a lie, — with its I'lli: MASSES AND THE MILLIONAIRES. profession and its practice at swords' points. They point to the suggestive fact that for nineteen centuries it has preached from its pulpits the Sermon on the Mount, and lived in its marts by the gospel of Mammon; that its teach- ing and its example have never heen introduced to each other; that they do not speak as they pass by. They .suggest that a possible inhabitant of Saturn, looking on this globe, observes the grotesque contradiction of the doctrine of universal love and human brotherhood taught on .Sundays, and the cut-throat doctrine of the survival of the fittest and the devil for the hindmost, practiced during the remainder of the week — the spectacle of a civilization on whose lips are the ethics of humanity and whose working- scheme is a struggle for existence between man and man deadlier than the feuds of savagery — a scheme of society in which morality and the market have agreed not to interfere with each other. They answer that this state of things has a cure, and that this cure is for each man to give his labor to his fellow-men, and to take from the common product of labor the means for his own life. The people who make, this charge against the existing order of things and suggest this remedy are mostly poor. They have not this world's goods. It has been urged against them that their philosophy is born not of their brains but of their pockets — where there is plenty of room. It has been said that the best cure for the socialist would be to give him a house and lot. That might cure the dishonest socialist, but it would not meet his doctrine. To cure social- ism you must answer its argument. There are wise and re- spectable men who make answer. They assert that the present order of things is the best possible for this world. They assert that the philosophy of socialism — all men for b THE MASSES AND THE MILLIONAIRES. one man and one man for all — is a beautiful dream ; that if it became a reality it would bring greater oppression than is now endured. They affirm that the world is growing daily better and happier; that its existing order will in the end throw off its own evils. They say that the scheme of enlightened self-interest, every man for himself, is the only scheme by which the progress of man and the evolution of his faculties are possible. They say that this scheme is scien- tific. This is their argument. Scientific enlightened self- interest is a splendid phrase; it is a part of scientific knowl- edge that can be understood by those innocent of all other science. It can be understood even by a millionaire. The wise and respectable people who are in love with the present order of the world — who make this answer to the socialist, are mostly comfortable in this world's possessions. They have farms, counting-houses, professorships, libraries, and cool bedrooms in the summer. Their philosophy, also, might be accused of having origin in pockets — where there is not so much room. But there is a more serious difficulty about it. There is a steadily-increasing number of people who do not believe in it, and there are steadily-increasing reasons for their disbelief. While these respectable and comfortable people are engaged in their libraries and banks in demonstrating that the present industrial arrangement, among men is the only scientific possible arrangement, and that it will finally eliminate inequality and injustice from society, the facts in the world outside do not seem to pro- ceed in harmony with this view of the case. Cunning con- tinues to grasp the wealth of the world. Fraud piles up. colossal fortunes in the hands of the few. Corporations corrupt the sources of public power. The larger industries steadily absoib the smaller, driving increasing numbers of THE MASSES AND THE MILLIONAIRES. / independent men and women into the dependent ranks of wage earners, the profits of their labor running to the hands of the fortunate. Monopolies and trusts swallow for the ben- efit of individuals the legitimate opportunities and gains of millions of men. A million of honest women in our great cities slave for beggarly crusts that would not feetl the cat of the millionaire. The world is filled with discontented labor. By every sun that rises we read reports from some part of this republic of the strikes or lock-outs of thousands of workmen, significant of mighty personal suffering and mighty public loss. The order of society is riotous and rotten with industrial war. In the midst of abundance, a million of willing Americans are tramping for bread. These are open facts ; nobody denies them. They are bad for the theory of the existing order of things in this world. They are bad for the assurances of the comfortable gentlemen of the libraries and parlors, who answer the complaint of the socialist. Their arguments would seem to have nothing to do with the case. These facts apply in greater or less degree to the condi- tion of every civilized country of the world. They are the facts which to-day are rocking the nations as they have not been rocked for a thousand years in the lap of war. They are the facts by the side of which all other facts — of learn- ing, of art, of discovery, or commerce, or law — are as noth- ing. They are the facts which have met civilization in its pathway as the old Theban Sphinx met the traveler, who must solve its riddle or die. They make the problem of our time. But for this occasion let us confine them to our own country. That they should exist here in their most fla- grant and threatening form in the land dedicated to the 8 TITi: MASSES AND THE MILLIONAIRES, equal rights and the equal chances of men, is the most ex- traordinary event in history. What is it that lias happened ? For a thousand years, covering the Dark Ages, the world was ruled by force. Might was the law of right. Hu- manity was* a foot-ball tossed by conquerors. It believed in the divine right of kings and lords. Tt made no in- sertion of its dignity, 'flic gentleman wore a sword ;is his badge of power. The peasant slept on husks in the valley, and worked for the prince on the hill-top. There were no peoples; there were only lords and serfs. This was believed to he the natural order of things. At length there came a change. The human soul quickened. It ln- gan to be felt that there were rights of men. The people sought power. They dethroned autocrats. Bv the end of the eighteenth century nearly every nation in Christendom had achieved something of political privilege. Then on the western shores of the Atlantic, a young nation arose in its might, bade ultimate farewell to kings, threw out the flag of equal rights, and humanity rose to its full stature, clothed with dignity and power. That was America! That was the achievement of Americans a century ago. It was the jubilee of humanity. The creed of Christ had touched t he creed of the State. The eye of the world was strained toward the new continent With equal political rights it was believed that here would be equal chances for all men — that the race for life would be fair; that the cards would not be marked — that the dice in the game would not be loaded. The citizens of the early republic were fellow-laborers under this inspiring faith. Every man had his farm, his shop, or his trade. All were independent workers. There THE MASSES AX I) THE MILLIONAIRES, 9 were no autocrats of industry. There was not a tramp on the continent. In the hardest stress of life men stretched forth their hands and reached those of their fellows, and felt the quick touch of human brotherhood. That bright picture of equality was brief. Unexpected elements entered civilization. Steam, electricity, and ma- chinery — -the genii of fire and force and speed — came to destroy the simple order of the past. Industry was warped into colossal lines. The handicrafts went to the wall. Ag- gregated capital purchased the gigantic implements of the new time. Human labor was bound to the machine. Iron and steel became despots harder than any political tyrants. The wisdom of the fathers did not anticipate the problem Political freedom did not comprehend it. Parading its liberties, American humanity, like its handicrafts, went to the wall. Augustus Caesar boasted that he could rule the Romans as he pleased as long as he assured them that they were free. Lord Chesterfield, at the age of seventy, w 7 as in the habit of saying to his old servant Tyrawley : " Ty, you and I have been dead for many years if we only knew it- Let us walk down town and rehearse our funeral;" When railroad corporations elect Legislatures in fifteen American States, American liberty is rehearsing its funeral. For this state of things whose is the fault? That is not the question. The facts are here. Their cause is human stupidity colossal as a planet. An age of science should have sounded warning a half a century ago. Neglecting the "proper study of mankind," it has afflicted us with re- dundant learning on bugs. Edmund Burke said that the respectable fabric of polit- ical society was the result of the blundering of one part of mankind operating with the villainy of the other. That 1(> Till: MASSES \Ni> THE MILLIONAIRES. has been the industrial history of the Dnited States. Play- ing with forces so strange and mighty that they have changed the face (if the world, we have drifted into a new epoch of civilization, and continued to apply to its problems the wisdom of the ancients. Attempting to carry the com- merce of the Atlantic in the galley-boats of the Romans, would he idiocy less stupendous. Two hundred years ago, the common sense and the stat- utes of England made it a crime to make monopolies in the food of the people. To-day a committee of the American Congress finds on investigation that four butchers in the settlement of Chicago have " cornered " the meat of two- thirds of the continent. The man who corners the "meat of the masses" should hang — by the side of his dressed meat. "Combine or die!" has become the motto of modern trade. Not less than seventy American industries have been forced into monster trusts, to hold up prices and keep profits in the purses of the few. A half a dozen pools threaten to presently control the bread, butter, and boot- of the United States. Even the solemn gentlemen who make our shrouds anil coffins have formed a pool under the name of the ''Na- tional Burial-Case Association." At the sound of this soothing and respectable title, we do not feel quite sure that we are not making a mistake in lingering above-ground. We have a sense that we may not he in quite the right company. We feel that we may owe it to ourselves to patronize these decorous gentlemen and get buried — and join the respectable majority. Not long ago these lugubrious gentlemen met in melan- choly conclave in Philadelphia, and, imagining themselves in a cemetery, proceeded to lay a tax on death. Their THE MASSES AND THE MILLIONAIRES. 11 action to keep up the prices and down the number of coffin? was kept secret, for fear the doctors might become dis- couraged and mortality lessened. Then the dealers in old rags and paper formed a trust in Cleveland, to deal with the old-rag problem — of how to cut down the enormous profits of the women of our country out of the contents of their rag-bags. The decree of the old rag-barons, issued in solemn council, ran: "No reduction in prices for old rags without consulting the syndicate." Half a dozen gigantic monopolies, headed by their king, have well-nigh appropriated the government of the United States. Their king is the railroads — the monopoly of transportation. These monopolies have assumed functions of power and privileges of taxation unfamiliar to a Persian shah or the Russian czar. Actual statistics upon this sub- ject prove that the taxes in excess of fair profits levied by these monopolies upon the American people are sufficient to carry on three perpetual foreign wars. By the force of combination, every ton of coal burned in the United States costs the consumer one-third more than its actual price, with fair profits to the monopoly handling it. The coal pirates of Pennsylvania and adjacent States thus mulct from a patient people a yearly tribute of forty millions of dollars. That "octopus of American trusts," the Standard Oil Monopoly, has piled up its two hundred millions of capital by the same conspiracy — a tax upon the people's heat and light, "whipped from the nation's pocket," equal to the cost of a continual war with Spain or Mexico. Exemplary among these tender-hearted monopolies is 12 THE MASSES AM> THE M I l.l.K >NA u; KS. the gigantic Western Union Telegraph Combination, which, with the confident digestion of :i Dodo, swallowed, a quar- ter of a century ago, sixty different companies al a :_r 1 1 1 1 > . With thirty-live millions of dollars of actual assets, this monopoly collects interest off the public on a nominal .-lock capital of one hundred millions of dollars, the slight difference between substance and shadow being fifty-five millions of pure water; thus levying upon the people of the United State.-, by reason of this fictitious stock, a tax equal to that on a permanent debt of $150,000,000 of three per cent government bonds — the American and civ- ilized way of doing it. Add to the extortion of this mo- nopoly that of the Chicago butchers on the meat of the Great West, and yon can fight England and Canada with the spoils every day in the year. The profits of the American railway barons] are Levied, in all, on a fictitious debt of four thousand million* of dol- lars! That would support a perpetual war against the Russian czar to aid the cause of the Nihilists. The robberies of the other American trusts and corpora fcions would maintain another war against the remaining nations of Europe; or, in the year 1890, the people of the United States can wage a standing fight against the civil- ized world, with more money in their pockets, than in suffering tin exactions of their own industrial tyrants. And yet that stupid generation of the American father- plunged, like school-hoys, into revolution for a three-cent tax on tea! They were young and callow. They had not learned the patient ox-eyed philosophy which come- of high civilization in the golden age of trusts. A hundred and fifty American industries are shuffled in the hand- of pool-mongers like a deck of cards. An American billion- THE MASSES AND THE MILLIONAIRES. 13 aire buys up, at a stroke, seventy coal mines, within as many miles of St. Louis, to steal the cheapness of warmth from his fellow-men. Think again of these sweet-mannered modern buccaneers — the great American railroads! The National Rich Man's Club — the caucus of millionaires — sitting as the United States Senate, reports, in a swift spasm of confidence, after a careful investigation, that these railways, the com- mon carriers of the land, which have received their fran- chises and privileges from the people, levy a tax on their benefactors which the National Congress would not dare assume. A committee of the New York Legislature, making similar investigation, confirms this report by stating that the tribute laid by these corporations upon the nation is one which "no government would dare levy upon any people." Approach the gentlemen who sit in the gilded palaces of these corporations, and ask their terms for the shipment of any new product of labor, and you are submitted to an inquisition as to the profits of your private business in the manufacture of that commodity which the most despotic State would blush to impose on its subjects. The rule of robbery with these Robin Hoods of the modern highway is "all that the traffic will bear." Their motto of prudence is not to kill the goose. But sometimes the goose expires under the plucking. A Nebraska farmer read in his weekly paper the market price for corn. Be- lieving that there was a fair profit for his labor, he shipped his entire harvest by the neighboring railway to the great city, and awaited his financial ^returns. They promptly came. They were a lull against the farmer for fifteen State, said: "If the extortion of our railways is not speedily corrected, agriculture in the western half of this Suite will have to be abandoned. Only the marvelous wealth and productive energy of the State have thus tar enabled the people to pay such sums annually." Under the exactions of this Caesarian brigandage, the farming lands of that imperial State are passing rapidly into the dead hand of Eastern pawn-brokers. A recent memorial to its representatives in Congress from citizens of that State, recites that a -ingle lawfirm in an inconsiderable Kansas town holds eighteen hundred mortgages on as many Kansas farms. An eloquent California!! asserts that the railroad monopoly of his State has gone into partnership with every farmer in California, "with the corporation on top." Computing generously for every cost, including running expenses, interest on invested capital, and replacement of worn-out tracks and cars, a United Stat>- citizen can be transported from San Francisco to Boston in a twenty- thousand-dollar Pullman coach for a cost of less than two dollars. A United States hog can be carried over the same ground for the same price. The railroad companies charge the citizen for this ride one hundred and thirty dollars. THE MASSES AND THE' MILLIONAIRES. 15 They charge the hog only six dollars and a half. That is the advantage in the United States of being a hog! The advantage of being a hog is the same as that of being a railway. But we can't all be hogs. An Irish car driver in the city of San Francisco points to the central building of the great railway corporation, and with the graphic rheotric of his race informs the tender- foot stranger that "Inside of them walls is the whole State of California!" The information is superfluous to the native sons of the Golden West, They know their master. How long will Americans endure these masters? These hideous facts are only pimples on the body of the chartered corruptions of our time. The railroads simply accept the business morals of the age — save that they run them by steam. Into the hands of these giant monopolies a confiding nation has surrendered rights and powers over- shadowing and corrupting its own authority. If you would touch tor wholesome legislation the hem of the garments of power, go no longer to Washington. American sovereignty has retreated into the offices of corporations. Against the gold which was a conquered people's ransom, the Spartan tyrant threw the weight of his sword. Against the liberties of a robbed nation the gigantic corporations of this repub- lic throw the weight of their ill-gotton gold. Mr. Jay Gould informs an investigating committee of the New York Legislature that the railroads have gone out of politics, hav- ing found it cheaper to buy legislators than to elect them! Lord Eldon said: "Corporations have neither souls to be saved nor bodies to be kicked." One would believe that this noble lord had been making American studies of the entities he described. We are in the midst of an epoch facing despots mure Ill Till: MASSES \M> mi; Mll.I.U »>AH;i.-. grim than all the autocrats of history. The barbarous feu- dal lord — tht baron of the hill-top — allowed bis serfs their crust and ale, and to sleep without tear in their hut- at the foot of hi> castled crag. The despot of our modern indus- try drives enlightened freemen t<> starvation and despair. By recent statistics of the Onited States Labor Department, one million of willing Americans are tramping the streets of our cities and the highways of the land huuting lor wprk and bread. Think of that for the '• best government the sQu ever shone upon!" With grain in our fields to feed the hunger of a planet, that is a spectacle to discredit the in- telligence of any epoch of history. If this is civilization, what is barbarism ? In my judgment that human society only is a success which i'vt-A^ and shelters all its honest mem! Political privilege has failed to solve the problem. Equal rights have_not saved the equal chances of men. American liberty has not proved itself the last wisdom of time. The magic exhilaration of pinching a ballot is lost on an empty stomach. Equal rights pall on the fancy of the citizen uncertain of a square meal. The vote i.- no longer the symbol of American equality. The moneyless man and the millionaire do not make an equation on election-day-. By a hundred indirections the owner of a million dollars may multiply his vote to a hun- dred or a thousand. The sense of American equality has be< -ii lost. The eagle has become a little less proud. His countenance is sickly. His win-- droop. The Fourth of July orator no longer steps nimbly to the front. Something has happened. Something is the matter. He hardly knows what. But it has dawned even upon his exuberant optimism that thing- are no longer as they were. He has THE MASSES AND THE MILLIONAIRES. 17 heard of an election in Ohio — a million of dollars eloping with a thimbleful of brains and becoming United State- Senator. He has heard of a syndicate lock-out in the coal fields of Pennsylvania to raise the price of coal, and which has written despair over the doorways of a hundred thou- sand laborers. He has heard of the corner on meat by the four butchers of Chicago. He is saddened. He goes home; his occupation is gone. The sawdust is out of the great American doll-baby — the Fourth of July. What has happened? Civilization promised the toiling masses of the world the lifting of its weary burdens. It promised liberty, equality, prosperity. It has not kept it> promise. American civilization promised most of all. It- lips were roses. It promised to all men. There is disap- pointment. A country whose products will nourish a bill- ion of men- whose machinery will supply the planet — scarce sixty millions on its soil, a million of men begging for the privilege to earn their bread. That is civilization with a vengeance! Why has the doctrine of equal rights in the State failed to soften the inequality of conditions between men? With, the creed of human brotherhood on its lips, why does our civilization deepen the gulf between classes? The money- less workingman and the cunning millionaire side by side in the gates of the twentieth century! How came they here together? Has the race between these two been hon- est ? Three-quarters of a century ago, in the beginning of the epoch of steam, wise men said: " We have arrived at the golden age; the giants have come to bear the burdens of men. The gods of fire and force will enrich this fair world; there will be enough for all. Poverty will vanish like a 18 THE MASSES AND THE MILLIONAIRES. dream. The music of wheels, the laughter of steam and steel, will take the place of the groans of men. There will be leisure for the heart and brain of our race" What a mockery that golden vision appeals to-day! Three-quarters of a century have passed. The gods have done their part. The wealth of the world has multiplied a hundred-fold. Civilization has grown rich — rich beyond prophecy. The gold of the Caesars and the treasures of the old East — of the nations by the " Oxus and the Ind " — are as a pallid dream beside the imperial wealth of modern States. That old opulence compared with ours was as their crude galley-boats to the queenly ships that cleave our modern seas. The machinery of the two Anglo-Saxon nations — Amer- ica and England — are equal in producing power to one billion of men. Its products would gladden the great hu- man heart of this world. It would soften the poverty of the planet. It would feed the hunger of savage and civ- ilized men — and honest civilized men still ask for bread ! In 1860 the wealth of the United States was $16,000,- 000,000. To-day it is $55,000,000,000— forty billions in thirty years! Where is that wealth? where is that money? Let us see! It was Daniel Webster who said, " The freest govern- ment cannot long endure where the tendency of the law is to create a rapid accumulation of property in the hands of the few." It has been wisely asserted that the constitutions of free States are made to prevent the encroachments of capital — that the diffusion of wealth is the secret of a na- tion's power. " That nation is the most prosperous which contains the greatest number of happy homes," eloquently declares the chief of our national labor department. THE MASSES AND THE MILLIONAIRES. 19 Thirty years ago you counted the men of this country who owned a million dollars on your finger tips. To-day there are seventy fortunes in the United States of more than twenty millions each. Poor hut respectable people worth only a million or two of dollars each are numbered by the thousands. No country town sets up pretensions to re- spectability without having at least one of these represent- atives of genteel poverty as an inhabitant. The town of Chicago has over two hundred persons with fortunes of from one to fifty millions each. A local newspaper of that region points with pride to the fact that every dollar of the wealth of these gentlemen has been made within the past fifteen years! "We would have ex- pected better of Chicago, where conscience is notably act- ive — and where they have all the meat; but this is com- mendable rapidity. They do it better in the city by the Golden Gate, where an impoverished citizen worth only a few hundred thousand dollars has made two millions in a day. They do it better in some other American localities. Six months before his death, it was known in the commer- cial world that, by the shrinkage of values, the great Van- derbilt had lost nearly fifty millions of his wealth. But almost in the face of that dread hour which swung behind him the gates of all earthly fortune, the great billionaire, by a single gigantic stroke, regained the lost stake. Hang- ing to life by the eyelids, he quietly manipulated a few railroads — a game he understood. He secretly depressed the value of their stocks. Then he sent agents into the market to buy them up wholesale. The stocks, being in demand, rose to unprecedented worth. Then Croesus unloaded, as- tonished the world, and died with the greatest private fort- une known to history intact. 20 THE MASSES ANT) THE MILLIONAIRES. That is what a dying man can do in New York, under the laws of American industry ! But the fifty millions in the purse of the billionaire represented the wreck of the little fortunes of a thousand innocent men and women, while a hundred gamblers of Wall Street fattened on the spoils. Three Americans of our generation severally beginning life with a bundle of firs, the deck of a ferry-boat, and a mouse-trap, have amassed fortunes of one and two hundred millions each. That demonstrates the capacity of the American mouse-trap. These are our modern Caliphs of Bagdad. There are one hundred private fortunes in the United States, aggregating 03,000,000,000 — one-twentieth of the en- tire wealth of the American people ! There are one hundred thousand Americans whose combined possessions constitute more than one-half of the property of the United States. One-half of the wealth of the nation in one hundred thou- sand purses ! That is what has become of the wealth of the American people! That is the answer to the question of what has been done with the riches of the nation produced by the genii of modern science and invention. That is what has been accomplished in thirty years under the best govern- ment the sun ever shone upon ! This is the answer of the land of the Declaration and equal rights! These thrifty gentlemen have" simply frozen out more than one-half of their sixty millions of fellow- citizens. The money made by the common forces and the common toil of the nation is in those private heaps. The till of civil- ization has been tapped. TIIK MASSES AND THE MILLIONAIRES. 21 la thirty years more the properly of the country, unless prevented, will he in half as many hands as now. Com- pared with the wealth which has been produced, the Amer- ican people have remained poor. Millions of honest toilers have remained only less than beggars. The English phi- losopher, Mr. Frederic Harrison, tells us that ninety per cent of the producers of England have no homes. An eloquent pen has written: "It was hoped in the dawning era of modern invention that all servile and ex- hausting toil would be lifted from man ; that all the neces- saries of life would be so multiplied that the pool- would cease to want." It was John Stuart Mill who affirmed that it was questionable whether all the mechanical inven- tions had ever lightened the evil of any human being. But there are those mountains of wealth ! Here are these valleys of poverty! Between them is significance. There is a connecting link. What is that link ? Shrewd men in the streets tell us that it is "sagacity," "energy," "enterprise," "brains." " Smart" men in the colleges say that it is the " wages of superintendence." American common sense and morality begin to call it by other names not so sweet. These names are "injustice," "fraud," "cunning," " robbery" — "humanity pillaged by buccaneers." But let us not go too fast. American intelligence and morality may be wrong. They may need enlightenment. There is a curious thing called POLITICAL ECONOMY. They have it in the colleges. It is in preservation there. It should be approached with care and reverence. It has sometimes been handled by kings ; but modern legis- 22 THE MASSES AND THE MILLIONAIRES. lators have always been afraid of it. They have been afraid that if they got too near it something might happen — that it might explode. It is two or three thousand years old. Something has been known of it for that time. The Pharaohs had a sample of it. But it has been called a science for not much more than a hundred years. A very wise man stated its laws in the latter part of the last century. His name was Smith. He believed devoutly in the prin- ciples of his science, but he never dreamed what a wild African terror his aristocratic name would inspire among the wise men of this world who should come after him. This science assumes that there is enough work in this world for every man and woman ; that they can always find this work near at hand; that there will always be enough products of human labor — food, shelter, and cloth- ing — to go round — and never too few or too many; for a mysterious thing called "Supply and Demand" attends to all that. This science assumes that there will never be too few or too many laborers in one kind of work; because if there are too few, the products of that work will become scarce and dear, the wages high, and other laborers will come in ; if there are too many, the products of the work will be plentiful and cheap, the wages low, and laborers will go into some other occupation where there is greater demand — that another ni3 T sterious thing, called " Freedom of Con- tract," will take care of all that. That science tells us that competition in each industry, and between the various industries, will keep the price of products reasonable and the profits of the various industries uniform and equitable, giving each man a fair chance in the struggle for life. The scheme of this beautiful science, when they had THE MASSES AND THE MILLIONAIRES. 23 worked out all its mysterious details, — capital, wages, profit, rent, interest, etc., — they called by an elegant French name, laissez /aire — the "let-alone," or " let-go " scheme. Then they let it go. They asserted that it had been going for two or three thousand years, and that it was the only scheme that would go in this world and leave human beings the chance for liberty and happiness. There is a great deal of wisdom in this splendid and elab- orate science. There is a great deal of truth that has not been entirely escaped by its mysterious doctrines. The study of these doctrines has brought a great deal of knowledge as well as a great deal of insanity into this world. There must always be some insanity in anything which is respect- able. This science is respectable, but it is not fascinating. Mark Twain assured his wife concerning their first baby that he respected it, though he did not love it. This scheme called political economy is believed in im- plicitly by a great many English and American college professors. That settles its social status. It is a pet in nearly all the colleges of the United States, except Johns Hopkins, where they are studying it, along with other curios- ities, to see what it is made of. Inside of some of these institu- tions called universities, where they teach theology, astron- omy and the dead languages, it is perfectly satisfactory. The professors get five thousand dollars a year; the students are the sons and daughters of comfortable families, where supply and demand are always equal, and laissez /aire works like a charm. It is so satisfactory to these institutions that occasionally when it does not work so well outside, and leaves working- people very needy and poor, there are friends of humanity among these scholarly gentlemen who are willing to devote ■_' I Tin; MASSES AM) THE MILLIONAIRES. their time to composing recipes of shin-bone .soup, on which they assert that the American laborer can live on .six and a fourth cents a day. This soup is not recommended to mill- ionaires ami professors. It is merely the soup of political economy. It is the soup of science. It is the soup of the- ory — it is shadow soup. Independently of these facts, Mr. Smith's theory of polit- ical economy, invented bofore the discovery of steam-power and electricity, is fit to he the monument of the genius of any man. It was a great thing to do in his time. I speak of it reverently. Hut this splendid and august theory, this wonderful and mysterious entity, called laissez-faire, placed in practice on American soil consecrated a century ago to equal rights, has created in that century as vast a result of human ine- quality — of contrasted want and wealth, of poverty and |iower — as was known to the rotten reign of the Caesars. It has distorted the just conditions of social life. It has es- tranged classes of citizens. It has placed the wages of toil in the hands of idleness. It has made Cunning a prince and Honesty a pauper. It has made Industry a slave to feed Indolence as a parasite. It has written despair over the doorways of millions of homes. It has dwarfed Child- hood with premature toil. It has filled the breast of Labor with discontent, and the streets of cities with the tramp of soldiers in times of peace. It has placed manufacture un- der the surveillance and protection of hired detectives — the Phikertofls and the police. It has laid the dead hand of debt on the ploughman, and pawned the lands of the \\ esf to the princes of the East. It has given to millionaire gam- blers and railroad monarchs the power to lay an embargo on the wheat fields of the prairies, and " with a stroke THE MASSES AM) THE MILLIONAIRES. 25 of a pen to make famine crouch in the streets of our cities." It lias made tender women toil for the pittance of beggars, or flee to prostitution for bread. It has made the anarchist ami the tramp. It has handed over to mer- ciless co-operations the gigantic industries of the nation, to unseat the will and debauch the conscience of the nation itself. It has enfeebled the sense of national honor. It has made pillage for private greed of the resources of a nrigtity and generous people. It has kidnapped for monop- oly the government of the United States. Under this shooting Niagara they tell us that water does not flow downhill ! So much for the immaculate scheme of lalssez /aire in unrestricted play on American soil for a century! This precious professorial doctrine should gladden American van- ity in the stupendous. Its achievements have been miracles. It has shorn this nation, which began in liberty a century ago, of the power of volition — the Delilah to the American giant. In the streets of our cities, on election-days, the vote of an American sovereign is bought for a barrel of flour, because bread has become more precious than the ballot. In twenty States of this Union we innocently ask which is the railroad's candidate for Congress. That settles the question. We are sure that he is the most honest man. Every American industry passes rapidly into the hands of monopoly. The millions that are made pass to the pock- ets of the few, the Jack Sheppards and Dick Turpins of American Society. These are the gentlemen who emigrate to the United States Senate, sit like kings at the head of syndicates, give feasts like Lucullus, purchase the admira- tion of a grateful people by flinging back to them in charities a fragment of the spoils of which they have robbed them, and 26 THE MASSES AND Till! MILLIONAIRES. lie in marble mausoleums costing a hundred and fifty thou- sand dollars, when they are dead. Wedonot envy them living or dead. They, too, are the victims of the industrial morals of their time. They sell "futures;" they would sell eternity if they could. But while they feast or lie in costly and useless marbles, a million of their honest countrymen are tramping for a crust. No dead American has a right to lie under a grave-stone worth a hundred and fifty thousand dollars while a live American woman is starving in a garret. The wealth of this world belongs to the quick and not to the dead. Civilization is not rich enough to furnish mauso- leums for dead capitalists — or yachts for live ones. Its in- dustries should be devoted to producing the necessities of life as long as one needy human being exists. So much for eighteenth-century political economy in nineteenth-century civilization ! So much for the science of an age of dreams in an age of steam! So much for the re- sults of the philosophy of Adam Smith in the New Repub- lic! How much for its intelligence? It has not been a suc- cess in practice; it may be wise in theory. It may have failed by accident. The professors assure us that it is wise. They affirm that it is a science. They assert that it is the only scheme by which human beings can live side by side in this world with the assurance of peace and prosperity. They assert that it is the only, scheme by which the indus- trial order of the world can be maintained. We should not be too hasty in disputing their verdict. If there is any- thing in this world approaching omniscience, it is the brain of a college professor of political economy. But let us see ! This science is the alleged science of THE MASSES AND THE MILLIONAIRES. 27 supply and demand. This principle, they say, will regulate and adjust the conditions of human labor. This is the principle under which the order of society now exists. But for two-quarters of a century the most remarkable and per- sistent feature of our modern industrial order has been the war between capital and labor — between employer and em- ployed. Ugly things called strikes and lock-outs cover every civilized land. Not a week, not a day passes, but shops and mills close, industries cease, and thousands and hun- dreds of thousands of workingmen turn to idleness in the streets. The sensitive ear of humanity is assailed with the clangor of human rage and suffering. The man with the purse is testing the supply of labor to purchase it at the 7nost beggarly price. The man with a tin bucket is testing capital to get a larger share of profit. The conflict is mer- ciless, endless, deadly. The splendid theory of the profess- ors — Supply and Demand — works perfectly in the air, over their heads. Like the flow T ers that bloom in the spring it has nothing to do with the case. The United States Government, through its department of labor, has looked into this matter. It finds that ten mill- ions of n the brotherhood of Toil, Over the redoubts of the Past, over the bastions of Wrong, over the dreams of the Old, bearing aloft the flag of the Declaration and the doctrines of the Nazarette, Americans will be the first to scale the heights and enter the citadel of the New Time. UNF LI I LIBRARY UNIVERSITY OF CALIFORNIA, LOS ANGELES THE UNIVERSITY LIBRARY This book is DUE on the last date stamped below lY 1 2 1950 MAR 1 5 Mat* I*- °* MAY? 1962 •Sflfrd 9 URL SECO LO-UR 1198 apIY; - Form L-9 25m -2, "13 (5205) HN64 A73m 1 1 II mill mi mi ii mm ii" Jin »i «"« '" "UTO" 3 1158 00424 2326 AA 000 823 408 DEMCO LIBRARY SUPPLIES Madison New Haven w.e Tnnn