Story

The Honest Man

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Authors: Peter Lyon

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February 1959 | Volume 10, Issue 2

Around 1875, at the feverish height of the Gilded Age, when conventional citizens were in greedy pursuit of the dollar, when the executive branch was vying with the legislative and the judicial as to which would prove the most venal, when monstrous fortunes lay ripe for the hook or the crook, an elderly gentleman of benign aspect commenced to make some distressing remarks, right out loud and in public.

“The dealers in money,” said he, “have always, since the days of Moses, been the dangerous class.” And again:

“There is fast forming in this country an aristocracy of wealth, the worst form of aristocracy that can curse the prosperity of any country.” And again:

“There may at some future day be a whirlwind precipitated upon the moneyed men of this country.”

What manner of man was this, who launched such jeremiads against the rich and respectable? Was he socialist? Senile? Simple?

As it happens, he was a shrewd and exceedingly rich Republican; a leading citizen of New York and, indeed, of the whole country; inventor, industrialist, and ironmaster; troubled social thinker whose ideas came at least a half-century too soon. Above all, he was the conscience of his times.

This was Peter Cooper. During the last decade of his life, when the seven deadly sins—and especially Pride, Envy, Covetousness, Gluttony, and Lust—were in riotous command of the social scene, Peter Cooper, almost alone among the wealthy, insisted that worldly goods created a grave responsibility. “The production of wealth,” he declared, “is not the work of any one man, and the acquisition of great fortunes is not possible without the co-operation of multitudes of men; and … therefore the individuals to whose lot these fortunes fall … should never lose sight of the fact that as they hold them by the will of society expressed in statute law, so they should administer them as trustees for the benefit of society as inculcated by moral law.”

A singular sentiment, and one that surely appalled his contemporaries. Consider some of those contemporaries: William Marcy Tweed, whose political gang plundered New York City of at least $100,000,000; Cornelius Vanderbilt, who growled, “Law? What do I care about the law? Hain’t I got the power?”; Collis P. Huntington, the railroad titan, who bought entire Congresses for up to $500,000 a session; Jim Fisk and Jay Gould, who almost succeeded in beggaring the country by cornering all the gold in circulation; and sanctimonious old Uncle Dan Drew, who clawed his way to the top of the heap in Wall Street, swindling and gutting as he climbed, and who murmured, “It’s the still hog that eats the most.” All these were men who were out for number one. Money was what they wanted: money to get power to get more money, no matter how ruthless or cynical or swinish the means. And yet here was Peter Cooper saying, in his stubborn, disconcerting way, “Money is so