"Doctor," I said, "I have nothing to offer against all that. We who inherited our wealth had no moral title to it, and that we knew as well as everybody else did, although it was not considered polite to refer to the fact in our presence. But if I am going to stand up here in the pillory as a representative of the inheriting class, there are others who ought to stand beside me. We were not the only ones who had no right to our money. Are you not going to say anything about the money makers, the rascals who raked together great fortunes in a few years by wholesale fraud and extortion?"
"Pardon me, I was just coming to them," said the doctor. "You ladies must remember," he continued, "that the rich, who in Julian's day possessed nearly everything of value in every country, leaving the masses mere scraps and crumbs, were of two sorts: those who had inherited their wealth, and those who, as the saying was, had made it. We have seen how far the inheriting class were justified in their holdings by the principle which the nineteenth century asserted to be the excuse for wealth--namely, that individuals were entitled to the fruit of their labors. Let us next inquire how far the same principle justified the possessions of these others whom Julian refers to, who claimed that they had made their money themselves, and showed in proof lives absolutely devoted from childhood to age without rest or respite to the piling up of gains. Now, of course, labor in itself, however arduous, does not imply moral desert. It may be a criminal activity. Let us see if these men who claimed that they made their money had any better title to it than Julian's class by the rule put forward as the excuse for unequal wealth, that every one has a right to the product of his labor. The most complete statement of the principle of the right of property, as based on economic effort, which has come down to us, is this maxim: 'Every man is entitled to his own product, his whole product, and nothing but his product.' Now, this maxim had a double edge, a negative as well as a positive, and the negative edge is very sharp. If everybody was entitled to his own product, nobody else was entitled to any part of it, and if any one's accumulation was found to contain any product not strictly his own, he stood condemned as a thief by the law he had invoked. If in the great fortunes of the stockjobbers, the railroad kings, the bankers, the great landlords, and the other moneyed lords who boasted that they had begun life with a shilling--if in these great fortunes of mushroom rapidity of growth there was anything that was properly the product of the efforts of any one but the owner, it was not his, and his possession of it condemned him as a thief. If he would be justified, he must not be more careful to obtain all that was his own product than to avoid taking anything that was not his product. If he insisted upon the pound of flesh awarded him by the letter of the law, he must stick to the letter, observing the warning of Portia to Shylock:
Nor cut thou less nor more
But just a pound of flesh; if thou tak'st more
Or less than a just pound, be it so much
As makes light or heavy in the substance,
Or the division of the twentieth part
Of one poor scruple; nay, if the scale do turn
But in the estimation of a hair,
Thou diest, and thy goods are confiscate.
How many of the great fortunes heaped up by the self-made men of your day, Julian, would have stood that test?"
"It is safe to say," I replied, "that there was not one of the lot whose lawyer would not have advised him to do as Shylock did, and resign his claim rather than try to push it at the risk of the penalty. Why, dear me, there never would have been any possibility of making a great fortune in a lifetime if the maker had confined himself to his own product. The whole acknowledged art of wealth-making on a large scale consisted in devices for getting possession of other people's product without too open breach of the law. It was a current and a true saying of the times that nobody could honestly acquire a million dollars. Everybody knew that it was only by extortion, speculation, stock gambling, or some other form of plunder under pretext of law that such a feat could be accomplished. You yourselves can not condemn the human cormorants who piled up these heaps of ill-gotten gains more bitterly than did the public opinion of their own time. The execration and contempt of the community followed the great money-getters to their graves, and with the best of reason. I have had nothing to say in defense of my own class, who inherited our wealth, but actually the people seemed to have more respect for us than for these others who claimed to have made their money. For if we inheritors had confessedly no moral right to the wealth we had done nothing to produce or acquire, yet we had committed no positive wrong to obtain it."
"You see," said the doctor, "what a pity it would have been if we had forgotten to compare the excuse offered by the nineteenth century for the unequal distribution of wealth with the actual facts of that distribution. Ethical standards advance from age to age, and it is not always fair to judge the systems of one age by the moral standards of a later one. But we have seen that the property system of the nineteenth century would have gained nothing by way of a milder verdict by appealing from the moral standards of the twentieth to those of the nineteenth century. It was not necessary, in order to justify its condemnation, to invoke the modern ethics of wealth which deduce the rights of property from the rights of man. It was only necessary to apply to the actual realities of the system the ethical plea put forth in its defense--namely, that everybody was entitled to the fruit of his own labor, and was not entitled to the fruit of anybody's else--to leave not one stone upon another of the whole fabric."
"But was there, then, absolutely no class under your system," said Edith's mother, "which even by the standards of your time could claim an ethical as well as a legal title to their possessions?"
"Oh, yes," I replied, "we have been speaking of the rich. You may set it down as a rule that the rich, the possessors of great wealth, had no moral right to it as based upon desert, for either their fortunes belonged to the class of inherited wealth, or else, when accumulated in a lifetime, necessarily represented chiefly the product of others, more or less forcibly or fraudulently obtained. There were, however, a great number of modest competencies, which were recognized by public opinion as being no more than a fair measure of the service rendered by their possessors to the community. Below these there was the vast mass of well-nigh wholly penniless toilers, the real people. Here there was indeed abundance of ethical title to property, for these were the producers of all; but beyond the shabby clothing they wore, they had little or no property."
"It would seem," said Edith, "that, speaking generally, the class which chiefly had the property had little or no right to it, even according to the ideas of your day, while the masses which had the right had little or no property."
"Substantially that was the case," I replied. "That is to say, if you took the aggregate of property held by the merely legal title of inheritance, and added to it all that had been obtained by means which public opinion held to be speculative, extortionate, fraudulent, or representing results in excess of services rendered, there would be little property left, and certainly none at all in considerable amounts."