"It was a rather dramatic incident at the close of the great Revolution. When the long struggle was ended and economic equality, guaranteed by the public administration of capital, had been established, the people got together from all parts of the land enormous collections of what you used to call the evidences of value, which, while purporting to be certificates of property in things, had been really certificates of the ownership of men, deriving, as we have seen, their whole value from the serfs attached to the things by the constraint of bodily necessities. These it pleased the people--exalted, as you may well imagine, by the afflatus of liberty--to collect in a vast mass on the site of the New York Stock Exchange, the great altar of Plutus, whereon millions of human beings had been sacrificed to him, and there to make a bonfire of them. A great pillar stands on the spot to-day, and from its summit a mighty torch of electric flame is always streaming, in commemoration of that event and as a testimony forever to the ending of the parchment bondage that was heavier than the scepters of kings. It is estimated that certificates of ownership in human beings, or, as you called them, titles to property, to the value of forty billion dollars, together with hundreds of millions of paper money, went up in that great blaze, which we devoutly consider must have been, of all the innumerable burnt sacrifices which have been offered up to God from the beginning, the one that pleased him best.
"Now, if I had been there, I can easily imagine that I should have rejoiced over that conflagration as much as did the most exultant of those who danced about it; but from the calmer point of view of the present I regret the destruction of a mass of historic material. So you see that your bonds and deeds and mortgages and shares of stock are really valuable still."
[CHAPTER] XV.
What We Were Coming To But For The Revolution.
"We read in the histories," said Edith's mother, "much about the amazing extent to which particular individuals and families succeeded in concentrating in their own hands the natural resources, industrial machinery, and products of the several countries. Julian had only a million dollars, but many individuals or families had, we are told, wealth amounting to fifty, a hundred, and even two or three hundred millions. We read of infants who in the cradle were heirs of hundreds of millions. Now, something I never saw mentioned in the books was the limit, for there must have been some limit fixed, to which one individual might appropriate the earth's surface and resources, the means of production, and the products of labor."
"There was no limit," I replied.
"Do you mean," exclaimed Edith, "that if a man were only clever and unscrupulous enough he might appropriate, say, the entire territory of a country and leave the people actually nothing to stand on unless by his consent?"
"Certainly," I replied. "In fact, in many countries of the Old World individuals owned whole provinces, and in the United States even vaster tracts had passed and were passing into private and corporate hands. There was no limit whatever to the extent of land which one person might own, and of course this ownership implied the right to evict every human being from the territory unless the owner chose to let individuals remain on payment of tribute."
"And how about other things besides land?" asked Edith.
"It was the same," I said. "There was no limit to the extent to which an individual might acquire the exclusive ownership of all the factories, shops, mines, and means of industry, and commerce of every sort, so that no person could find an opportunity to earn a living except as the servant of the owner and on his terms."