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Putnam's, 1904, vol. 7, p. 503. [42] Ibid., p. 503. [43] "Speeches," E. P. Whipple, ed. Little, Brown & Co., 1910, pp. 59-60. [44] "The Constitutional Position of Property in America," Arthur T. Hadley, _Independent_, April 16, 1908. X. INDUSTRIAL EMPIRES 1. _They Cannot Pause!_ The foundations of Empire have been laid in the United States. Territory has been conquered; peoples have been subjugated or annihilated; an imperial class has established itself. Here are all of the essential characteristics of empire. The American people have been busy laying the political foundations of Empire for three centuries. A great domain, taken by force of arms from the people who were in possession of it has been either incorporated into the Union, or else held as dependent territory. The aborigines have disappeared as a race. The Negroes, kidnaped from their native land, enslaved and later liberated, are still treated as an inferior people who should be the hewers of wood and the drawers of water. A vast territory was taken from Mexico as a result of one war. A quarter million square miles were secured from Spain in another; on the Continent three and a half millions of square miles; in territorial possessions nearly a quarter of a million more--this is the result of little more than two hundred years of struggle; this is the geographic basis for the American Empire. The structure of owning class power is practically complete in the United States. Through long years the business interests have evolved a form of organization that concentrates the essential power over the industrial and financial processes in a very few hands,--the hands of the investment bankers. During this contest for power the plutocracy learned the value of the control of public opinion, and brought the whole machinery for the direction of public affairs under its domination. Thus political and social institutions as well as the processes of economic life were made subject to plutocratic authority. A hundred years has sufficed to promulgate ideas of the sacredness of private property that place its preservation and protection among the chief duties of man. Economic organization; the control of all important branches of public affairs, and the elevation of property rights to a place among the beatitudes--by these three means was the authority of the plutocracy established and safeguarded. Since economic political and social power cover
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