Capital journal. (Salem, Or.) 1919-1980, 1921-11-17
ON. "DyzlnStieS

In the golf and tennis be that John
II James Smith III and others with similar strange ap
peaons are participants which the impression to
the novice that the players are named in numerical sequence
like pleasure yachts and that it is all part of the game How
ever will be noted that the numerals always Roman
instead Of Arabic and that John Jones James Smith
II never appears.
We auhoratively informed, however that the nu-
meras have nothing to do with the games of golf and
tennis but individual appendages of the idec parcp
ants whose families without opportunity buy fueda titles
and rank for their they do for their daughters have
created tocratc dynases Of their own bestowed upon
their offspring the srous distinction of being the second
Or third or subsequent generation of old moneybags Plain
John Jones r is thus magcy transformed into John Jones
Il and his son or nephew becomes John Jones III.
The original John jones' Of course, too common to
think Of anneng title and too busy png up the shekes
to indulge in tennis go and the forgotten the
betterso hear of John Jones And rarely
John Jones Nv for generally is only three generations
from shirtseeves to shirseeves and the family in the
fourth generation has to seed and been submerged in
the mediocrity enveopng those who work. died
out from lack of vitality
The American dynasty" is thing recent that it may
be said to rank creation of the 10th centuryabout the
only creation Of its benefciares The first generation of
puocras into their in the latter part of the 10Th
radiance our otherwise benghted land. crop
offspring of profiteers-w repenish their ranks n
another generation
The word dynasty from dyna meaning to be able
TO be strong and the word dynasty Continued
ordshp Of of rulers Our putocratc dynaste are
not particularly able and not remarkably strong either phys
icay mentally Their inherited wealth may rule but they
40 not and their ordshp consists in apeng the ders of
fuedal nobility They constitute leisure class copying
the form but lacking the substance of real arstocracy
The American dynasty is not dominated by the radi-
tona ideals and responsibilities that have characterized the
of Great Britain The law of entail whereby
the eldest inherited the estate kept the family ve as
the younger forced to hustle living and make
good their account and the lord Of the ha9
to live up to the political and social responsibilities of hiy
position But putocracy has ideals worthy of the nas
and of responsibility society In few years is
progressive decadence would dsspate the family fortune
IS In the past not for modern mechanism whereby
estates are transformed into trust companies the bene
car1es part consists in spending the income without
The work and responsibility of plan designed
preserve the heritage but destroy the nherors deprv
ng them of incentive ambition and the spur necessity
The putocratc dynasty" is interesting only calls
attention to an economic system that only creates
leisure class but perpeuaes it without effort its part
Money does not create ITSELF some one must toll to
produce it. Every cent Of income derived from rental or
interest production represents labor on the part of some
ong to pay for it. The unearned incomes there are
oil producers must pay.
The puocratc dynasty can not be defended either on
ocal or economic grounds 1t useful purpose 1t
enefciarie while creating social injustice It's elimination
inheritance taxation would equaze economic opportunity
nd help establish social justice