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Liiti czar or Russia are oaseu on me savings resultantseems a feeble make-believe in the presence of men who control three thousand millions of dollars, and can push the endless buttons which carry their signals into every sort of mercantile house, into every military camp, which cause every court official to stand alert, and can even producethe pro roundest movements in thechurch itself.Between the lines of this advertisement, headed “Office of J. p. Morgan Co.*,, was to be read a (proclamation. thus:“Commercial metropolis of the world. Notice to the people of all lands and nationalities: The old competitivesystem, with its ruinous methods, its countless duplications, its wastefulness of human effort and its relentless business warfares, is hereby abolished, the change to take effect in part immediately, and'in.whole as rapidly as* the details can hereafter be worked out.“The four , great Houses controlling the world's. visible supply of money, having this day agreed to act in unison under the scheme of organization outlined by Mr. J. P, Morgan, have invested themselves with the controlling interest in the 'three great sources by which the public can be taxed—the supply of ores, the working of the same into the raw products, and the transportation of the same.“The business public will perceive atglance that it .will not be properly safe for any individual or known eol-lectlon of Individuals to arrogate tofrom complete organization and the continuous labor obtainable only by the general consumption of their products by the public. This consumption can only accompany the prosperity resulting from financial stability.Should, however, any private interest or desire within this new organization seek to extend the borders of conquest by means of panic, and have the power to carry out its desires, the opportunity would be presented to cause untold misfortune and wretchedness to mankind at large.We now come to the most important question in this connection—the distribution of the immense increment resulting from the economies permitted by organized effort. Will the dividends be made commensurate with the power? Or will a wisdom superior to any hitherto exercised in the business or governmental world fix the earnings at such percentage as will seem reasonable to the public mind and prevent unrest?Undoubtedly the matter remains with Mr. Morgan to determine. Upon his decisions the welfare of the people of the United States—it is not too much to say, even of the world—depends. With all ores, metals and transportation- in his hands, the question is not. What can he tax the public? but, what will he? It would be interesting to penetrate the guiding motives of the mind of this man at this time. To what extent do Mr, Rockefeller andThe type of mind required to organize the world's system of distribution is of the keenest and highest. Will the men who have shown such incomparable skill in solving the problem of production find themselves equal to th*consideration of the more delicate problem of placing mankind on the basis of recognition of one’s neighbor in every labor, gradually removing the more or less real excuse of today that greed is necessary for self-protecticn. and substituting in the business world that intelligent appreciation of our own and our neighbor's wants—a willingness to concede to others—which wo see best exemplified in the guests brought together around a well-filledtablo vWe sit at the bountiful table ofMother earth and know that there is enough for all. Hitherto it has been a scramble. Are we soon to be assembled under an intelligence of a higher order, which, after requiring of each his proper portion of labor, shall give that reward which will be in degreesufficient? *March 3d marked the beginning o! the most wonderful revolution in the world's history. This will be a bloodless revolution and will eventually carry its blessings to the most remote parts of the earth. Governmental divisions will cease to exist except as means to carry out mandates decided upon in the executive ofilces of the world's metropolis. We are living in what, is without doubt the most interesting period of the world’s history.
Newspaper Details
Sunday Morning Telegraph
Dubuque, Iowa, US
Sun, Apr 14, 1901
Page 4
Full Page
Clipped by
Anonymous
WV, USA 01 Dec 2021
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