“A Set of Mere Money-Getters”? (June 1963 | Volume: 14, Issue: 4)

“A Set of Mere Money-Getters”?

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Authors: Allan Nevins

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June 1963 | Volume 14, Issue 4

For many years critical essayists upon the American businessman, and especially the more implacable assailants of the robber barons, have purred over a verdict once delivered by Charles Francis Adams, Jr., as predatory wildcats might purr over the discovery of a bed of catnip. “As I approach the end,” this elder brother of Henry Adams declared, “I am more than a little puzuled to account for the instances f have seen of business success—money-getting. It conies from a rather low instinct. Certainly, as far as my observation goes, it is rarely met in combination with the finer or more interesting traits of character. 1 have known, and known tolerably well, a good many ‘successful’ men—‘big’ financially—men famous during the last half-century; and a less interesting crowd I do not care to encounter. Not one that I have ever known would I care to meet again, either in this world or in the next; nor is one of them associated in my mind with the idea of humor, thought, or refinement. A set of mere money-getters and traders, they were essentially unattractive and uninteresting.” They showed a special aptitude and great concentration, Adams added; nothing more.

From frequent use, this quotation is now worn smooth as a pebble in a stream bed. Every time a lecturer or essayist wishes to descant on the meanness of business tycoons, he lugs out Adams’ biting statement. It has a special appeal for two reasons. First, nobody can question the fact that its author was an authority upon taste, refinement, and intellectual elevation. All the Adamses were, and particularly the fourth-generation Adamses: Henry, Brooks, and Charles Francis, Jr. When they spoke, no dogs barked. In the second place, Charles Francis had been a businessman himself and really knew the breed. After giving up law, he was for six years head of the Union Pacific Railroad—before being ousted by another businessman. He thus had the honor, as he later ostensibly considered it, of having failed in business. He could speak of “mere money-getters and traders,” of their “low instincts,” their lack of “humor, thought, or refinement,” and their “essentially unattractive and uninteresting” personalities as a man who knew: he had been in the midst of this repellent herd.

It is true that some people might suggest that Charles Francis Adams, Jr., would really have been less mordant about the vulgarity, illiteracy, and dullness of businessmen if he had himself succeeded in their field. He was ejected from the presidency of the Union Pacific by Jay Gould, certainly not a high type of business leader. This must have been rather humiliating, especially as Tay Gould accompanied the ejection with some caustic remarks about Adams’ lack of talent and vision. Hut any such suggestion would be unfair. Adams had great ability—even high intellectual distinction; his books, ranging from his Three Episodes of Massachusettes History to his biography of Richard Henry Dana, amply prove that. Hc was, in fact, one of