Page images
PDF
EPUB
[graphic][merged small]

From a photograph taken in 1898 at his home at Oyster Bay Copyright, 1898, by Pach Bros., N. Y.

[merged small][ocr errors][merged small][merged small][merged small][merged small]

Corporations

and

tions

Under present-day conditions it is as necessary to have corporations in the business world as it is to have organizations, unions, Organizaamong wage-workers. We have a right to ask in each case only this: that good and not harm shall follow. Exactly as labor organizations, when managed intelligently and in a spirit of justice and fair play, are of very great service not only to the wage-workers but to the whole community, as has been shown again and again in the history of many such organizations; so wealth, not merely individual, but corporate, when used aright, is not merely beneficial to the community as a whole, but is absolutely essential to the upbuilding of such a series of communities as those whose citizens I am now addressing. This is so obvious that it ought to be too trite to mention, and yet it is necessary to mention it when we see some of the attacks made upon wealth, as such.-Ibid.

by the Captains

of Industry

The captains of industry who have driven Good Done the railway systems across this continent, who have built up our commerce, who have developed our manufactures, have on the whole done great good to our people. Without them the material development of which we are so justly proud could never have taken

by the

Captains

of

Industry

Good Done place. Moreover, we should recognize the immense importance to this material development of leaving as unhampered as is compatible with the public good the strong and forceful men upon whom the success of business operations inevitably rests. The slightest study of business conditions will satisfy any one capable of forming a judgment that the personal equation is the most important factor in a business operation; that the business ability of the man at the head of any business concern, big or little, is usually the factor which fixes the gulf between striking success and hopeless failure.

Ibid.

Mob

Violence

Earners'
Enemy

There is no worse enemy of the wage

the Wage- worker than the man who condones mob violence in any shape or who preaches class hatred; and surely the slightest acquaintance with our industrial history should teach even the most shortsighted that the times of most suffering for our people as a whole, the times when business is stagnant, and capital suffers from shrinkage and gets no return from its investments, are exactly the times of hardship, and want, and grim disaster among the poor. If all the existing instrumentalities of wealth could be abolished,

the first and severest suffering would come among those of us who are least well off at present. The wage-worker is well off only when the rest of the country is well off; and he can best contribute to this general wellbeing by showing sanity and a firm purpose to do justice to others.-Ibid.

Mob

Violence the WageEarners

Enemy

Capitalist

Protection

The man who by the use of his capital The develops a great mine, the man who by the Entitled to use of his capital builds a great railroad, the man who by the use of his capital either individually or joined with others like him does any great legitimate business enterprise, confers a benefit, not a harm, upon the community, and is entitled to be so regarded. He is entitled to the protection of the law, and in return he is to be required himself to obey the law. The law is no respecter of persons.

The law is not to be administered in the interest of the poor man as such, nor yet in the interest of the rich man as such, but in the interest of the law-abiding man, rich or poor. We are no more against organizations of capital than against organizations of labor. We welcome both, demanding only

Fair Play for Rich as Well as

Poor

« PreviousContinue »