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Updated: June 23, 2025
With the spread of these conveniences there is no corresponding spread of Christianity. These people will not always remain in the ring fence of their present regions; their superseded princes, and rulers, and public masters, and managers, will presently come to swell the shareholding mass of the appropriating Empire.
And beside them, an absolute stranger to them, a stranger even in habits of speech and thought, and at any rate to be shot with them fairly and squarely, marches the subaltern the son of the school-burking, shareholding class a slightly taller sort of boy, as ill-taught as they are in all that concerns the realities of life, ignorant of how to get food, how to get water, how to keep fever down and strength up, ignorant of his practical equality with the men beside him, carefully trained under a clerical headmaster to use a crib, play cricket rather nicely, look all right whatever happens, believe in his gentility, and avoid talking "shop."... The major you see is a man of the world, and very pleasantly meets the grey general's eye.
It was the development of mechanism that created the great bulk of modern shareholding, it took its present shape distinctively only with the appearance of the railways. The hitherto necessary but subordinate craftsman and merchant classes were to have new weapons, new powers, they were to develop to a new importance, to a preponderance even in the social body.
This is the typical aspect of the modern community. It will serve as a general description of either the United States or any western European State, and the day is not far distant when the extension of means of communication, and of the shareholding method of conducting affairs, will make it applicable to the whole world.
Just how far the influence and contagion of the shareholding mass will reach into this imaginary household of non-shareholding efficients, and just how far the influence of science and mechanism will penetrate the minds and methods of the rich, becomes really one of the most important questions with which these speculations will deal.
All these forces, making for moral relaxation in the coming time, will probably be greatly enhanced by the line of development certain sections of the irresponsible wealthy will almost certainly follow. Let me repeat that the shareholding rich man of the new time is in a position of freedom almost unparalleled in the history of men.
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