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Updated: July 25, 2025
This was certainly the rule during the first half of the nineteenth century in New England, when there was no such thing as a distinctly moneyed class, and when the millionaire was a creature only of romance.
The army and the moneyed interests, represented by Pompey and Crassus, were already with him; and he used his endeavors, as has been seen, to gain Cicero, who might bring with him such part of the landed aristocracy as were not hopelessly incorrigible. With Cicero he but partially succeeded.
Building operations go on at Berlin; pushed more than ever, in these years, by the rigorous Derschau, who has got that in charge. No man of money or rank in Berlin but Derschau is upon him, with heavier and heavier compulsion to build: which is felt to be tyrannous; and occasions an ever-deepening grumble among the moneyed classes. Nor is the Army less an object, perhaps almost more.
Hence it is that extravagance leads not only to impoverishment but also to crime; and crime amongst the moneyed classes is almost always the result of extravagance. It is accordingly with justice that the Koran declares all spendthrifts to be "brothers of Satan." But it is superfluity that Avarice brings in its train, and when was superfluity ever unwelcome?
After all, I had to remember that he had taken over The World when its circulation was less than 15,000 copies a day; that he had been for thirty years and still was its dominating spirit and the final authority on every matter concerning its policy, its style, and its contents; that he had seen its morning circulation go up to well over 350,000 copies a day; that at times he had taken his stand boldly against popular clamor, as when he kept up for months a bitter attack against the American action in the Venezuelan boundary dispute, and at times had incurred the hostility of powerful moneyed interests, as when he forced the Cleveland administration to sell to the public on competitive bids a fifty- million-dollar bond issue which it had arranged to sell privately to a great banking house at much less than its market value.
The whole machinery of alarm and pressure every engine of political and moneyed power was put in motion, and worked for many months, to excite the people against the President; and to stir up meetings, memorials, petitions, travelling committees, and distress deputations against him; and each symptom of popular discontent was hailed as an evidence of public will, and quoted here as proof that the people demanded the condemnation of the President.
That traitorous Boots had done it, no doubt without malice prepense; but he had done it; and now that the Greenes were once more known as moneyed people, he turned upon me, and told me to my face, that I had desired that box to be taken to my own room as part of my own luggage! "My dear," said Mr. Greene, turning to his wife, "you should never mention the contents of your luggage to any one."
The moneyed woman is not quite so handsome as her rival, a decisive reason for declaring for her and backing her up without danger. What will be the upshot of all this quarreling among these women? How many revolutions, Good Heavens! in so short a time! Your happiness seems to be the only thing that has escaped. You discover new reasons every day for loving and esteeming this amiable Countess.
That is dolorous, is it not, reader? and strikes you to the heart. It is not fancy. December, 1864, saw that, and more, in Virginia. In the streets of Richmond, crowded with uniforms, in spite of the patrols, marching to and fro, and examining "papers," I met a number of old acquaintances, and saw numerous familiar faces. The "Spottswood" was the resort of the militaires, and the moneyed people.
The whole machinery of alarm and pressure every engine of political and moneyed power was put in motion, and worked for many months, to excite the people against the President; and to stir up meetings, memorials, petitions, travelling committees, and distress deputations against him; and each symptom of popular discontent was hailed as an evidence of public will, and quoted here as proof that the people demanded the condemnation of the President.
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