The Iron Heel Jack London (free children's ebooks online .TXT) 📖

market on Wall Street and the stock market. But it is not alone; it is the head of the Rockefeller chain of banks, which includes fourteen banks and trust companies in New York City, and banks of great strength and influence in every large money center in the country.

“John D. Rockefeller owns Standard Oil stock worth between four and five hundred millions at the market quotations. He has a hundred millions in the steel trust, almost as much in a single western railway system, half as much in a second, and so on and on and on until the mind wearies of the cataloguing. His income last year was about $100,000,000⁠—it is doubtful if the incomes of all the Rothschilds together make a greater sum. And it is going up by leaps and bounds.”

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The Black Hundreds were reactionary mobs organized by the perishing Autocracy in the Russian Revolution. These reactionary groups attacked the revolutionary groups, and also, at needed moments, rioted and destroyed property so as to afford the Autocracy the pretext of calling out the Cossacks. ↩

Under the capitalist regime these periods of hard times were as inevitable as they were absurd. Prosperity always brought calamity. This, of course, was due to the excess of unconsumed profits that was piled up. ↩

“Strikebreakers”⁠—these were, in purpose and practice and everything except name, the private soldiers of the capitalists. They were thoroughly organized and well armed, and they were held in readiness to be hurled in special trains to any part of the country where labor went on strike or was locked out by the employers. Only those curious times could have given rise to the amazing spectacle of one, Farley, a notorious commander of strikebreakers, who, in 1906, swept across the United States in special trains from New York to San Francisco with an army of twenty-five hundred men, fully armed and equipped, to break a strike of the San Francisco streetcar men. Such an act was in direct violation of the laws of the land. The fact that this act, and thousands of similar acts, went unpunished, goes to show how completely the judiciary was the creature of the Plutocracy. ↩

“Bullpen”⁠—in a miners’ strike in Idaho, in the latter part of the nineteenth century, it happened that many of the strikers were confined in a bullpen by the troops. The practice and the name continued in the twentieth century. ↩

The name only, and not the idea, was imported from Russia. The Black Hundreds were a development out of the secret agents of the capitalists, and their use arose in the labor struggles of the nineteenth century. There is no discussion of this. No less an authority of the times than Carroll D. Wright, United States Commissioner of Labor, is responsible for the statement. From his book, entitled The Battles of Labor, is quoted the declaration that “in some of the great historic strikes the employers themselves have instigated acts of violence;” that manufacturers have deliberately provoked strikes in order to get rid of surplus stock; and that freight cars have been burned by employers’ agents during railroad strikes in order to increase disorder. It was out of these secret agents of the employers that the Black Hundreds arose; and it was they, in turn, that later became that terrible weapon of the Oligarchy, the agents-provocateurs. ↩

Wall Street⁠—so named from a street in ancient New York, where was situated the stock exchange, and where the irrational organization of society permitted underhanded manipulation of all the industries of the country. ↩

One of the first ships that carried colonies to America, after the discovery of the New World. Descendants of these original colonists were for a while inordinately proud of their genealogy; but in time the blood became so widely diffused that it ran in the veins practically of all Americans. ↩

A Mexican dish, referred to occasionally in the literature of the times. It is supposed that it was warmly seasoned. No recipe of it has come down to us. ↩

William Randolph Hearst⁠—a young California millionaire who became the most powerful newspaper owner in the country. His newspapers were published in all the large cities, and they appealed to the perishing middle class and to the proletariat. So large was his following that he managed to take possession of the empty shell of the old Democratic Party. He occupied an anomalous position, preaching an emasculated socialism combined with a nondescript sort of petty bourgeois capitalism. It was oil and water, and there was no hope for him, though for a short period he was a source of serious apprehension to the Plutocrats. ↩

The cost of advertising was amazing in those helter-skelter times. Only the small capitalists competed, and therefore they did the advertising. There being no competition where there was a trust, there was no need for the trusts to advertise. ↩

The destruction of the Roman yeomanry proceeded far less rapidly than the destruction of the American farmers and small capitalists. There was momentum in the twentieth century, while there was practically none in ancient Rome.

Numbers of the farmers, impelled by an insane lust for the soil, and willing to show what beasts they could become, tried to escape expropriation by withdrawing from any and all market-dealing. They sold nothing. They bought nothing. Among themselves a primitive barter began to spring up. Their privation and hardships were terrible, but they persisted. It became quite a movement, in fact. The manner in which they were beaten was unique and logical and simple. The Plutocracy, by virtue of its possession of the government, raised their taxes. It was the weak joint in their armor. Neither buying nor selling, they had no money, and in the end their