| Show v 3 t I The Dangerous Growth of f Socialistic Dogmas Domas Domask k Pr Sumner No for Alarm in n the Prospect of Many Wealth and Restraint of o Phrases That Illustrate Mis Mi illi 1 Trend of Thought p lall for th New cv York Herald ond n 0 Sumner or iC cH nl YnO YAl vet tty ond In 0 I deVi N through our In the tho oC DC the that much E d to be 1 to U en tha do shUt I dun by leI that there III 11 dan daner danger or bOlIo that 18 I to 10 tot lid ger er trout from Crom and effortS t It III Ia worth while ot oC or it men year to 10 end a 1 I tt 11 the h review ot of the tho year In trying to rollE whelk fw r ot rr er these or ore ai just th r mcall In hI the It 1111 be betaken the term oC ae taken for Irue rue the state stale not be d In to put pitt In Its ti place it a atte ami I to lItlie the ot oC We Mo Ace nIl signa ot a deep general lo s f C confIdence In the tho re and orld on no In affection for Cor forIt It and thur con can b be little of oC toward a 11 I which Is not oven evon In n a Ringle end form to 10 the tho Imagination the present ot of re not excessive sint the dia position to In defene ot Of what on tOt JOR howl no sign ot of dimInution I 1 W We milet t elan believe that If there thero h ho un no attempt tO use UCO the tho torm of tha agaInst the tho J be bC changed back to one ot oC the old which with nil their i II ge e to tor r propertY lB the thO I tive and original tile the deepest and J broadest of mono m n It 11 i es 08 qi c ot it f It IH Ia to 10 the tho i We lye may idon 4 I but bitt where flY j III Ia to titter niter the tho rights of oC proper property or orto It C to t i the mn men will 1 all back lilt to 0 the tho old nd tiona Ft In France within II a century thoN thero have havo brett twO or three on whIch p title has hilS teen been I rove The rho revolution on pr while It II In nH and trying ro roI but IL pitt at ati i et k every thIng La 18 turned hack Into I the li grOoves Thia III Ia SQ Sl not I IL a tow few grandly HUndly rich mm men le teM feaL the revolution It Is Ia e the tho l army ot people wh ha have it Il few Cow h ll nit nil UC act to pr preserve preserveS servo S their frum ruin peril or Of Iosi It II IA worth while th to spend pend n on the of oC a aI tI or 1 if It t l h ot of I property rIghts guarantees alcor accord Ins Ing to somo IIO HOW of oC social Thu wIlt will vanish h hIn In Il a If they Y caine Into coil colli coilIo Io with interests E THE Ll 9 11 and vague ague notions III tl the tho minds of the tho and amI the tho of which will I are 1110 nut not Wi 1111 lithe All notices nod gocIa IIA lon They or allow bal hail legislation Which has tl consequences that vere verent nt or 01 desired bitt which have to be endUed endUrel It t Is danger ot of Und kInd wu we mil may fear H wIll he loOted that thoL road of are no ac moro und and hY by modern Thoy arc nearly alt Thur and 11 coats ro V a year the Iho hat won too rIch I k tJ become dangerouS 10 t appears to hl have won tar Inure general nt than limn Them TherA lEt 11 ft dl to use such Icha a no lIon Hon ns as the of to restrict 1 and control th tim old fashioned 1 lb liberty What Is 15 the settee of oe the It notion ot of wealth ot of au 1 Individual and what truth Is Ish IsI I there h ro In It There Ther I Is mora this un an I that It Il Is whEe and ami proper for Cor U og who ore arb not tOo rich to form about the Use usa ot Of to formulate titles rules about that use toi COI the tho guidance and control CI It hose tholo who own the tho to 10 nit an lII thaL those I Iwho who do tint own th the wealth ought to tile of oC It not thou o who own on It for those who the tho rules In 10 effect will spend Is a velY ory 1 notion 11 will swill to tol l mId to Ii oll of oC many mony I kIndi J j It may he be admItted 1 that the tho i 1 i 10 of w I Is all ethical matter ot of otI I the tho Importance It for Cor the tho principles or of honor and hIgh on tile the of at those who 1 t own every public and ot of education and trainIng I f Ought to ho strengthened so tnt far II its It Itt t Ii van can reach nail thom them After 1 thlu is IR rec ns as true wh rut tile the that the I en nt I nil i tunis ina tat III too toil toot i so that they may bo be danger t hUS Nothing lit at all The filion Is one onu of private morals and I there Is IN no III thing as 1111 too much wealth for COl one mOil The NU or of socIal from wealth Jut III chIldish nod title 1 MANY IN 1 FIFTY ns t J in III the 1 first It Is IN that t E tUr of oC excessIve nr those t or of today and uru on facts y or nr today Tn olry century fo eo the theIn In t COO t thu maxImum ot wealth for has Il In IS 7 thu number ot of 1 In OW ew York ell t ht who lied II IIII 5 I II II Il uis very vory anuell 1 I J here worn Il ii had IIno million lIeh One nIllIon 1111 not thou Io or Ol q I 1 U J in Ill lulls hen thell hll thought th limit bl be bei i Itt lax 1 xI If Ie IeH it H had then been heon tho fashion to on tortilla fIlCh aCt a lIon ic thInk It millions sIo and a 1111 billIon II on I a terror JO In JOso so 50 years mol more thoro will lip be Il a number r lit If thero ate arf harmut they ilo do if H CUe onn OWns 10 end it I hundred horses and a half dozen yachts wIth corros amounts uC of th the other oilier at amid hOw cnn can lIe ho hurt any one ol o itch can have on only I one wIfe VICo anul one 01 nn and no nel one C can gt goods r or which ho does dONI not for or Each one will vIlI get board and anel clothes In great end and ot of quail quality kim but what rocial langl is there In fit that t It hI be admItted that each cuch rich mOn wilt will gut a attention and all Ion don from those around hIm aunt 1 that thIs conces concession lon will not benefit tle hn h ef who render It but this deference ro ce islo Is Seen flOW all through society to nn nail most of at Js pt IL I little If Ie it IL without much nueh of oC guIlt Guill Tt 11 mar ma he feared that Ike too rich will buy ole an and 1 get gel undue undU political control po possible if IC there thore roto for tor simie In that case elee the rich It UH they Want to buy huy CaP got thorn them Two must c and nOli they must mut violate morals and law joIntlY Each will hear hi hIs own share pharo of oC guilt and re It Is once niece more a 0 quos ques LIon of ethics and personal duty it 11 I is probably truo that the rIch and their wives and children will bl be flattered and that IhaL flattery will corrupt them That I is nong the perilS ot of their case call and the will have hoo tO meet It as boat bost they can There arc aro other lImItatIons limitation ou on their f felIcIty If w We ob observe erve that t In case COF tho they bu buy or terrorize or wheedle their floor Poorer r neighbors they will meL meet such uch a storm torm or beggIng offering and that I they It II 11 nee flee human to tse pe I I PERILS THE SELES litmus III general the tho ethical perils I ot of great wealth limit them themselves The case Is like lIko another one which has made many people uneasY They feared fared that landlords by rent for tor land could drive all but themselves nit itt the thc earth But Dut as fast as the landlords lid did that rent w wOuld uld decline In like the tho rich It they tire liFe their wealth against time general good would foil find that they hadd do Iti power ot of RivIng givIng pleasure and comfort to themselves Tit faCt is II that thal capital is IH a part of the tho IndustrIal machinery and ond to take talco It out amid turn It II to per por tuse Is always to tl make It That Is why excess must cure cur It If tIme tho owner do does not s see o the tho fact anti accept the capItal will urns Into other han hands go 10 Op On per por tI function Th The too rich never noor can get in III modern the power Of the tho barons to In feU Ceu the victims mako the case coel ant anel themselves to exploitation lion tion ThIs thc they dId In time United Btu Stute tell In the tho half of the tho nineteenth century hy by bank ot of Issue and thy they ore arc doing It now h by a tarIff T ThIs ls pull the tho whole machInery In tho ot of tL I clIque who ho control aU all affairs tl m the tho ot of Q a interest Even then thon however It to call for tor roaM cases ot of who ha have 0 mused their gaIns gain to oppress their poorer neIghbors Any Is III lIfted Into promInence by merIt or orpo po r or Is aura to feel teel th the eyes which test rest upon him and to dread easy eaRY Tho la is trying und and lilt there ore very fv can It Princes lira are horn born mind to It t even en the they shrink from fromOn It On the other othe humid hnud the utIlities ot of capital when It Is In large quantities Ip Imand nd ate aro so obvious nl as to need ho enumeration Corporations are liTO only devices for tor wInning this nd ad 11 n Modern Industry requires Purge capital under manage ment It the tho ethical reasons should Inconceivably be great we could not make maleo thorn them our rule rulo ot of action Wo We must moot the economic demand domand anti master the tho Incidental evIls It la is on only ly Iy It a calming and reassuring tact fact that I time the IncIdental evils elIs are aro either elthE Imaginary ury ary or trivIal Tito Tho groat capitalists are needed both for Invest ot of capital and for Cor the endow I mont ment ot of useful but TIley lire are It a class from which may Inny b be selected or may select them competent men for tor work and for publIc functions They rhoy will show faults and failIngs like other groups but not more mom aile and they arc not moro more liable to corruption and lucas tItan other OF THADE TIme restraInt ot of trade trad Is It a phrase which tas ammo during the tho last year ear and nd seems seema to be belIeved to cm body 1 a keen and correct ot of tho evil princIple In It wIde class of oC of Is a 11 which had Its orIgin In tIme thu Eng ing tutu courts in hi the Iho eIghteenth century In 10 connection with cases of oC interference or In time market markol The ex ax usages ot of cd ad with old habits anti interests just juat as 85 now the tho expansIon of It world cum corn marco merco comes comos In with local loca In of trade hindrance mur II prevention ot at of t products product which are ara ready to mako It would hardly b Ut to express in III three wOlds woi ds any other project tr r pulley policy whIch would bo be so IO and ond surely harmful ns as restraint of oC trade A tariff tarlet ta Is It a device to trudo II is its III specific It holds hack back world corn com AlI and I local otherwise c would have to moot conditions 0 have lIved lIed under this for ii century We Q nrc told 1 It Is III It a Jn ot polle for Cur forUS us mill 1111 Most of us hel believe ove It Wo c be the tho tariff saves us from ruin Is 18 the tho great cause uC of omir compall five prosperity It that Is till 1111 so wh why do we think that restraInt of trade III he IL a bad bod thIns thing serves to characterize the tho ovIl cIa mont III nil amu group of oC pro pIO Jude We ti u It liS 15 nil mm of It universal acceptance timid Pit tenth III muse so restrain trade All monopolies do Slime monopolies ore It WI we could them litem converted Into tree enter trade would lit at once have new conditions and great extension l III do nut purpose to chango un any ot of these facts Which ate conditions ot of Wh hy Is III restraint of at trade 1 a 11 tie of oC harm Cui action and evIl 01 1 purpose It 11 Is II not so and there Is III nut IL l WI v use th the whore wo we not nee l to 10 Ilby IL by a I more amore description ot of harm It is 18 mischievous to limb current use phrases of af wide wId l OIO mind nr especially rights and are III at stake 1 lie ot of trails is II not worse thump other of Il ii hAlt half do dosen en which mire currAnt but It la is Just now the mOil IIII TO I In time the last year we have hare en nil outbursts of with Indus IndustrIal trIal facts Those rhese out breaks ks III butte heen irrational and pus PUI have given shon motIves to R a to break Jut just for tor lime fun or 01 deviltry ot of It Burh mo mime lIves accord well with time he notion that sonic lInt molt inca are aro getting too rich anti with the mime reckless mo lit of time tho restraInt ot of lo It 11 iii hi nn atm evil phenomenon lit i iii II democracy that rn vote just jUll to break thIngs The tr t is evil find and out of oC place It I Is t immured from ho blue proper r ot of t the h Hober and conscientIous y yI 0 t I r Jt Is a 11 which al serious study tudy and amid hen It comes comeR In a perIod ot of when muse I ii I is pio it po posed cd to r freight rates gIve to hip mind restrICt c 0 to Hay tt If spending p On n a anti buildIng bigger nn any anybody bod body eisa and so on fl Indefinitely Th The oat nil all Ihl these e things Into with each ellch ember Is the tho U power to Illk end Private That I is the tite of oC oCt t hI abuse e must answer the with whIch We tee started In time So SocialIsm Is n It Jp t the old 8 sense which mused to our nn anti which told when to stop we VI becom becomIng tnt Ing victims ot of social and cur current current rent phrases |
