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The Reign of Gilt

The Reign of Gilt


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About the Book

Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: CHAPTER II THE MANIA FOR GILT You stand in front of a huge dam. Its wall rises bare and sheer. You say to yourself: There can be little water behind it. But even as you think this, the dam becomes a waterfall, and the waterfall swells into a Niagara. You go round where you see the other side; you find a lake fathoms deep and extending miles up the valley. Precisely such a phenomenon occurred in this country a few years ago. Behind a dam of long- established customs of simplicity and frugality, concentrated private wealth had been rising for a generation with amazing rapidity. Suddenly it overflowed in a waterfall of luxurious living; and to-day the waterfall has become a Niagara. The dam that has pent and narrowed the streams of national wealth is the concentration of property that has come about through the imperfect working of the law of combination which steam and electricity established. That imperfection has produced the multi-millionaire, the plutocrat, as the crowning inequality in a succession of inequalities. First, the man with a million or so; then the man with ten millions or so; then the man with fifty millions or so; now, the man with a hundred, with five hundred, with nearly a thousand millions. Every city has its plutocrats. In New York is the capital of plutocracy. As businesses combine, as wealth concentrates, the directors of business, the masters of wealth, segregate. Thus, New York is denuding the rest of the country of its plutocrats. Most of them live in New York now; the rest must soon come. The mighty cataract of extravagant ostentation is continent-wide?from Boston to San Francisco. In New York, the high-curving centre of the down- pouring, glittering stream, the spectacle almost passes belief. There is not the least danger of exaggeratio...


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Product Details
  • ISBN-13: 9780217606899
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 56
  • Spine Width: 3 mm
  • Width: 189 mm
  • ISBN-10: 021760689X
  • Publisher Date: 09 Jan 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 118 gr


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