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The small number of steam ships hitherto found sufficient for the commerce between San Francisco and these vicinities no longer suffices to convey a tithe of the eager applicants for passage. An opening for the enterprise of British capitalists such as was not anticipated has thus suddenly arisen, and the opportunity will, of course, be seized with alacrity.
In that letter I condemned both types. Certain representatives of the great capitalists in turn condemned me for including Mr. Harriman in my condemnation of Messrs. Moyer and Haywood. Certain of the representatives of labor in their turn condemned me because I included Messrs. Moyer and Haywood as undesirable citizens together with Mr. Harrison.
Our business will be to tell the truth about them, and fight manfully with our pens for them. But we shall never be able to get the ears of the respectabilities and the capitalists, if we appear at this stage of the business. What we must say is, 'If you are needy and enslaved, we will fight for you from pity, whether you be associated or competitive.
The recent attack of the Federation of Labor on the "Steel Trust" is an example. The presidents of the majority of the more important unions, who signed this document, became the partisans not only of small capitalists who buy from the trust, sell to it, or invest in its securities, but also of the unsuccessful competitors that these combinations are eliminating.
It was the plain American citizen who had made the greatness of America, not the millionaires who, forming a class by themselves of unscrupulous capitalists, had created an arrogant oligarchy which sought to rule the country by corrupting the legislature and the judiciary. The plutocrats these were the leeches, the sores in the body politic.
The new country was settled by working people of limited means, and if there is one belief common to this class it is that all capitalists are members of one great robber band, perfectly organized, firmly united and operating in perfect harmony against their helpless victim the public.
Neither was there any essential difference between Astor's methods and those of the manufacturing capitalists of the North who remorselessly robbed Charles Goodyear of the benefits of his discovery of vulcanized rubber and who drove him, after protracted litigation, into insolvency, and caused him to die loaded down with worries and debts, a broken-down man, at the age of 60.
They are viewed by him and an increasing number of Socialists not as concessions to Socialism forced from the capitalists, but as developments of capitalism desired by the more progressive capitalists and Socialists alike, but especially by the Socialists owing to their desire that State capitalism shall develop as rapidly as possible as a preliminary to Socialism, and to the fact that the working people suffer more than the capitalists at any delay in the establishment even of this transitional state.
But a portion of the paternal estate was left also to the children of the deceased. Lastly not a few of those, who in consequence of those rules were liable to banishment and confiscation of property, were at once pardoned entirely or got off with fines, like the African capitalists who were impressed as members of the senate of Utica.
The home market having been first, glutted with products and afterward the foreign market, the competition of the capitalists to find productive employment for their capital would lead them, after having reduced wages to the lowest possible point, to bid for what was left of the market by reducing their own profits to the minimum point at which it was worth while to risk capital.
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