recognize the necessity of an
accumulated fund of capital, and on the other hand the employer must be
as anxious to have about him a contented, prosperous community, as to
heap up money beyond any reasonable use for it. The demand seems to be
reasonable that the employer in a prosperous year ought to share with the
workmen the profits beyond a limit that capital, risk, enterprise, and
superior skill can legitimately claim; and that on the other hand the
workmen should stand by the employer in hard times.

Discontent, then, arises from absurd notions of equality, from natural
conditions of inequality, from false notions of education, and from the
very patent fact, in this age, that men have been educated into wants
much more rapidly than social conditions have been adjusted, or perhaps
ever can be adjusted, to satisfy those wants. Beyond all the actual
hardship and suffering, there is an immense mental discontent which has
to be reckoned with.

This leads me to what I chiefly wanted to say in this paper, to the cause
of discontent which seems to me altogether the most serious, altogether
the most difficult to deal with. We may arrive at some conception of it,
if we consider what it is that the well-to-do, the prosperous, the rich,
the educated and cultivated portions of society, most value just now.

If, to take an illustration which is sufficiently remote to give us the
necessary perspective, if the political economists, the manufacturers,
the traders and aristocracy of England had had chiefly in mind the
development of the laboring people of England into a fine type of men and
women, full of health and physical vigor, with minds capable of expansion
and enjoyment, the creation of decent, happy, and contented homes, would
they have reared the industrial fabric we now see there? If they had not
put the accumulation of wealth above the good of individual humanity,
would they have turned England into a grimy and smoky workshop,
commanding the markets of the world by cheap labor, condemning the mass
of the people to unrelieved toil and the most squalid and degraded
conditions of life in towns, while the land is more and more set apart
for the parks and pleasure grounds of the rich? The policy pursued has
made England the richest of countries, a land of the highest refinement
and luxury for the upper classes, and of the most misery for the great
mass of common people. On this point we have but to read the testimony of
Engl