Montana labor news., 1949-11-10
BEAUTY OF FREE ENTERPRISE

Outdoor America the organ of the Izaak Walton League,
runs an interesting editorial in its October issue. entitled Food
for Thought. 1t starts off this way:
In 1882. a very important meeting was held at the Edge
water Beach Hotel in Chicago. Attending this meeting were
ten Of the worlds most successful fnanciers. those present
were
The president Of the largest independent steel company.
The president of the National City Bank.
The president Of the largest utility company.
The president of the largest gas company.
The greatest wheat Speculation.
The president Of the New York Stock Exchange.
A member Of the presidents cabinet.
The greatest bear in Wall Street.
Head of the worlds greatest monopoly.
President of The Bank of International Settlements.
Certainly we must admit that here were gathered a group
of the worlds most successful men: At least men who found
the secret of making money. lwenty tive years later =
see where these men are
The president of the largest independent steel company,
Charles S~chwab-died a bankrupt and lived on borrowed
money for five years before his death.
The president of the greatest utility company--oamuel IN
.ull-ded a fugitive from justice and penniless in a foreign
land.
The president of the largest gas company-Howard Hopson
The greatest wheat speculator-Arthur Cutten-died abroad.
insolvent. !,
The president of the New York Stock Ex~change-Rchard
Whitney-was recently released from Sing Sing Pententiary
The member Of the presidents cabinet-Albert fall-was
pardoned from prison 50 he could die at home
The greatest bear" in Wall street-Jesse Lvermore-died
a suicide.
The head Of the greatest monopoly-lvar Krueger-died a
suicide.
The president of the Bank Of International Settlements
Leon Fraser-died a suicide.
Since the Izaak Walton League glories in outdoor sport and
especially fishing, W RI not surprised to find it go on from
there to draw the moral these successful people should go IN
for outdoor living. We are highly in favor OF outdoor living
in fact that's one reason why " e want a SIX hour Day IS so
that there will be more outdoor living; but as we remember
il. some of these fellows were quite outdoor enthusiasts too, and
all the healthful surrounding evidently were more than oftse'
bv other environmental factors hat so with financial success.
Out of capitalism. we don't expect the workingman to ge
much except a living, and such warmth Of love and friendship
such wisdom and perception of beauty, as he manages te
make a part of working class life. He iolks listed above are
supposed to be the beneficiaries OF he system.
To eet there. in the sense that these folks got there
seems to be the great objective OF those OF our class who &c
not ion with IS in trying to end this system of the exploitation
Of man by man. 1t makes us ask again, even on their own basis
of judgement, is it worthwhile going alter? Is It any bette
than drinking poison because it comes served IN Tine u glass
Some folks believe that accommodating money or getting !
bv hook or crook and spending it lavishly IS the thing TO-
sensible folks to do; that radicals who want to change thr
system to one where all have plenty. ae a bit nuuy or screwey
and besides queer their chance to get as much or this wonder
full stuff called called money as they could 1t they dldn
fight the game. If you have acquaintance 50 misguided, W.
suggest YOU call their attention to this decord and ask then
Who nuts now.
What is there in capitalism to make anyone want it?