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Some day, he prays, we all shall have pensions.
And suppose a man isn't religious, what had he better trust? His money, or his own native mettle?
I should like to trust both.
But they tell me that that is impracticable. Won't work at all. I can _have_ some of both, of course. Certainly. But I cannot _trust_ both.
Like all other men I have my own inner fountain of strength, and it's been a faithful old thing; it has done a lot for me. It has vigor in it yet--but it isn't big and fiery, or strong. I could only have made it work abundantly if I had relied wholly on it. If I had done that, it would have probably called out my full powers. But instead I have relied partly on money, for fear my strength might desert me; and that fear has naturally had an effect on my strength. I work hard, but with less fire. Less eagerness. Progressively less. Any man who doesn't trust his spirit will find it will ebb.
And the same's true of money. Unless you are in love with your wealth, it will slip through your fingers. If you want to get a whole lot of money, worship gold all your days.
This isn't a sure recipe, I must add, to get a whole lot of money. I should be sorry to have my readers spring out of their chairs at these words, and rush happily off to make money their G.o.d, so as to be millionaires. It doesn't work so quickly or surely as that, I admit. But this much is true, anyhow: if you do not care enough about money you will hardly grow rich. You must be pretty devoted to win a jealous mistress like gold.
They are both jealous mistresses, that's the worst of it.
It is an awkward predicament.
I don't like to face this problem squarely. I don't get it settled. I keep on, like a hopeful old bigamist, in love with both mistresses: my money and my spirit or mettle.
I try to soothe each. I say to my mettle, "I care much more for you than for money: it's true that I keep money, too; but it's you that I love. You and I are one, aren't we? Very well, then. Come on. Let's be happy."
And I say to my money, "Now be faithful: for G.o.d's sake be faithful: don't slip off and desert me and leave me alone in the world." She looks jealously at me. "Alone?" she says; "how about that mettle of yours, you're so fond of?" "Ah, my dear," I say sadly, giving her an affectionate squeeze, "my mettle is no better than she should be. I don't like to talk of it. You are the one that I expect to comfort me in my dark moments; and I hope you and I will be here together long after my mettle has gone."
There you have my menage. It's been difficult. But I cannot complain. As a bigamist I suppose on the whole I've been fairly successful. Yet I know I'd have more money to-day--I think a great deal more money--if I had been more faithful to Mammon, as they call the poor creature. And similarly I might have led an heroic, ardent life with my mettle, if I had ever trusted it fully.
That's the trouble with bigamy.
The Revolt of Capital
Once upon a time all the large corporations were controlled by labor.
The whole system was exactly the opposite of what it is now. It was labor that elected the directors, and the officers too. Capital had no representatives at all in the management.
It was a curious period. Think of capital having no say, even about its own rates! When a concern like the United Great Steel Co., was in need of more capital, the labor man who was at the head of it, President Albert H. Hairy, went out and hired what he wanted on the best terms he could. Sometimes these terms seemed cruelly low to the capitalists, but whenever one of them grumbled he was paid off at once, and his place was soon taken by another who wasn't so uppish. This made for discipline and improved the service.
Under this regime--as under most others--there was often mismanagement.
Those in control paid themselves too well--as those in control sometimes do. Failures and reorganizations resulted from this, which reduced the usual return to the workers and made them feel gloomy; but as these depressions threw capitalists out of employment, and thus made capital cheaper, they had their bright side.
The capitalists, however, grumbled more and more. Even when they were well paid and well treated they grumbled. No matter how much they got, they felt they weren't getting their dues. They knew that labor elected the management; and they knew human nature. Putting these two premises together, they drew the conclusion that labor was probably getting more than its share, and capital less. President Hairy, of the Steel Co., explained to them this couldn't be true, because the market for capital was a free and open market. He quoted a great many economic laws that proved it, and all the professors of economy said he was right. But the capitalists wouldn't believe in these laws, because they weren't on their side, nor would they read any of the volumes the professors composed. They would read only a book that an old German capitalist wrote--a radical book which turned economics all upside-down and said that capital ought to start a cla.s.s war and govern the world.
Discontent breeds agitation. Agitation breeds professional agitators. A few unruly loud-voiced capitalists climbed up on soap-boxes and began to harangue their quiet comrades, just to stir up needless trouble. When arrested, they invoked (as they put it) the right of free speech. The labor men replied by invoking things like law and order. Everybody became morally indignant at something. The press invoked the Fathers of the Republic, Magna Charta, and Justice. Excited and bewildered by this crossfire, the police one evening raided a Fifth avenue club, where a capitalist named M. R. Goldman was talking in an incendiary way to his friends. "All honest law-abiding capitalists will applaud this raid,"
said the papers. But they didn't. They began to feel persecuted. And presently some capitalists formed what they called a union.
It was only a small union, that first one, but it had courage. One afternoon President Hairy looked up from his desk to find four stout, red-faced capitalists pushing each other nervously into his office. He asked them their business. They huskily demanded that every capitalist on that company's books be paid at least a half per cent more for his money. The president refused to treat with them except as individuals.
They then called a strike.
The results of this first strike were profoundly discouraging. The leaders were tried for conspiracy, those who walked out at their call were blacklisted, and the victorious labor men soon secured other capitalists in plenty, a private car-load being brought over from Philadelphia at night. The labor leaders became so domineering in their triumph they refused to engage capitalists who drank or who talked of their wrongs. They began importing cheap foreign capital to supply all new needs. But these measures of oppression only increased the cla.s.s feeling of capitalists and taught them to stand shoulder to shoulder in the fight for their rights.
The years of warfare that followed were as obstinate as any in history.
Little by little, in spite of the labor men's sneers, the enormous power of capital made itself felt. An army of unemployed capitalists marched upon Washington. The Brotherhood of Railway Bondholders, being indicted for not buying enough new bonds to move the mails, locked up every dollar they possessed and defied the Government. The Industrial Shareholders of the World, a still more rabid body, insisted on having an eight per cent law for their money. All great cities were the scenes of wild capitalist riots. Formerly indifferent citizens were alarmed and angered by seeing their quiet streets turned into Bedlam at night, with reckless old capitalists roaring through them in taxis, singing Yankee Boodle or shouting "Down with labor!" For that finally became the cry: labor must go. They still meant to use labor, somehow, they confusedly admitted, but capital and not labor must have absolute control of all industries.
As the irrepressible conflict forced its way into politics, Congress made statesmanlike efforts to settle the problem. After earnest and thoughtful debate they enacted a measure which made the first Monday in September a holiday, called Capital Day. As this hoped-for cure did not accomplish much they attempted another, by adding a Secretary of Capital to the President's cabinet. Conservative people were horrified. But Congress was pushed even further. It was persuaded to prohibit employing the capital of women and children, and it ordered all j.a.panese capital out of the country. On one point, however, Congress was obstinate and would not budge an inch. They wouldn't give capital full control of the railroads and mills.
The capitalists themselves were obliged to realize, gradually, that this could be at best but a beautiful dream. It seemed there was one great argument against it: labor men were a unit in believing the scheme wouldn't work. How could scattered investors, who had not worked at an industry, elect--with any intelligence--the managers of it? Even liberal labor men said that the idea was preposterous.
At this moment a citizen of East Braintree, Ma.s.s., stepped forward, and advocated a compromise. He said in effect:
"The cause of our present industrial turmoil is this: The rulers that govern our industries are not rightly elected. Our boards of directors may be called our industrial legislatures; they manage a most important part of our national life; but they are chosen by only one group of persons. No others can vote. If Congress were elected by a cla.s.s, as our boards of directors are, this country would be constantly in a state of revolution politically, just as it is now industrially." That was his argument.
"Both those who do the work and those who put in the money should rightfully be represented in these governing bodies." That was his cure.
If corporations would adopt this democratic organization, he said, two-sided discussions would take place at their meetings. "These discussions would tend to prevent the adoption of policies that now create endless antagonism between labor and capital." And he went on to point out the many other natural advantages.
This compromise was tried. At first it naturally made labor angry, labor having been in exclusive control for so long. Many laborers declined to have anything to do with concerns that were run by "low ignorant speculators," as they called them, "men who knew nothing of any concern's real needs." Ultimately, however, they yielded to the trend of the times. Democratic instead of autocratic control brought about team-play. Men learned to work together for their common good.
Of course capitalists and laborers did not get on any too well together.
Self-respecting men on each side hated the other side's ways--even their ways of dressing and talking, and amusing themselves. The workers talked of the dignity of labor and called capital selfish. On the other hand, ardent young capitalists who loved lofty ideals, complained that the dignity of capital was not respected by labor. These young men despised all non-capitalists on high moral grounds. They argued that every such man who went through life without laying aside any wealth for those to come, must be selfish by nature and utterly unsocial at heart. There always are plenty of high moral grounds for both sides.
But this mere surface friction was hardly heard of, except in the pages of the radical capitalist press. There were no more strikes,--that was the main thing. The public was happy.
At least, they were happy until the next problem came along to be solved.
Still Reading Away?
[Ill.u.s.tration]
Still reading away at your paper?
Still sitting at editors' feet?
(Clay feet!) Oh, why do you muse on their views of the news, When breezes are sweet in the street?
There's a bit of cloud flying by in the sky.
Tomorrow 'twill be far away.
There's a slip of a girl, see her dance to my song!
Tomorrow she'll be old and gray.
Come along!
There's music and sunshine and life in the street, But ah, you must take them today.