So in this American community, whose distinctive conception is its emphatic assertion of the freedom of individual property, whose very symbol is that spike-crowned Liberty gripping a torch in New York Harbor, there has been and is going on a successive repudiation of that freedom in almost every department of ownable things by considerable masses of thinking people, a denial of the soundness of individual property in land, an organized attempt against the accumulation of gold and credit, by a systematic watering of the currency, a revolt against the aggregatory outcome of untrammelled business competition, a systematic interference with the freedom of railways and carriers to do business as they please, and a protest from the most representative of Americans against hereditary wealth....
That, in general terms, is the economic and social process as one sees it in America now, a process of systematically concentrating wealth on the part of an energetic minority, and of a great insurgence of alarm, of waves of indignation and protest and threat on the part of that vague indefinite public that Mr. Roosevelt calls the "nation."
And this goes on side by side with a process of material progress that partly masks its quality, that keeps the standard of life from falling and prevents any sense of impoverishment among the mass of the losers in the economic struggle. Through this material progress there is a constant substitution of larger, cleaner, more efficient possibilities, and more and more wholesale and far-sighted methods of organization for the dark, confused, untidy individualistic expedients of the Victorian time. An epoch which was coaly and mechanical, commercial and adventurous after the earlier fashion is giving place, almost automatically, to one that will be electrical and scientific, artistic and creative. The material progress due to a secular increase in knowledge, and the economic progress interfere and combine with and complicate one another, the former constantly changes the forms and appliances of the latter, changes the weapons and conditions, and may ultimately change the spirit and conceptions of the struggle. The latter now clogs and arrests the former. So in its broad features, as a conflict between the birth strength of a splendid civilization and a hampering commercialism, I see America.
SOME ASPECTS OF AMERICAN WEALTH
I
The Spenders
It is obvious that in a community that has disavowed aristocracy or rule and subordination or service, which has granted unparalleled freedoms to property and despised and distrusted the state, the chief business of life will consist in getting or attempting to get. But the chief aspect of American life that impinges first upon the European is not this, but the behavior of a certain overflow at the top, of people who have largely and triumphantly got, and with hand, pockets, safe-deposit vaults full of dollars, are proceeding to realize victory. Before I came to America it was in his capacity of spender that I chiefly knew the American; as a person who had demoralized Regent Street and the Rue de Rivoli, who had taught the London cabman to demand "arf a dollar" for a shilling fare, who bought old books and old castles, and had driven the prices of old furniture to incredible altitudes, and was slowly transferring our incubus of artistic achievement to American soil. One of my friends in London is Mr. X, who owns those two houses full of fine "pieces" near the British Museum and keeps his honor unsullied in the most deleterious of trades. "They come to me," he said, "and ask me to buy for them. It's just buying. One of them wants to beat the silver of another, doesn't care what he pays. Another clamors for tapestry. They trust me as they trust a doctor. There's no understanding—no feeling. It's hard to treat them well."