William J. Ghent

Summary

William J. Ghent Our Benevolent Feudalism

The praise of labor is the antiphony to the praise of “business,” and the lyres of all the magnates are strung tensely when chanting tributes to toil.
“Round swings the hammer of industry, quickly the sharp chisel rings,
And the heart of the toiler has throbbings that stir not the bosom of kings,”
warbles Mr. Flint in his article on “Combinations and Critics,” in “The Trust: Its Book.” Toil is the foundation of wealth, they all aver, though the rhapsodical nature of the tributes prevents a clear and definite utterance on the question, Of whose wealth is it the foundation?
Source: Gutenberg

William J. Ghent Our Benevolent Feudalism

Upon all the heterogeneous but coalescing units of the social mass the group of magnates imposes its collective will. There are still disputes and rivalries among the rulers, and may ever be; but these are for the most part minor differences, to be settled among themselves and their mutual arbitrators, the judges, and qualify in no way the facts of a recognized community of interests and of collective purposes and plans. Whatever the individual rivalries, they result in no deliberate betrayal of class interest; practically every magnate maintains, at all hazards, his fidelity to the group.
Source: Gutenberg

William J. Ghent Our Benevolent Feudalism

It is an elastic limit, of a truth; for the mass of mankind are more ready to endure known ills than to fly to others that they know not. It is a limit which, to be heeded, needs only to be carefully studied. Macaulay’s famous dictum, that the privileged classes, when their rule is threatened, always bring about their own ruin by making further [183] exactions, is likely, in this case, to prove untrue. A wiser forethought begins to prevail among the autocrats of to-day—a forethought destined to grow and expand and to prove of inestimable value when bequeathed to their successors.
Source: Gutenberg

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