Chapter 23 of 123
CHAPTER XLIII.
Fifty years in Wall Street · Henry Clews
CHAPTER XLIII.
RAILROAD INVESTMENTS.
Vastness of our Railroad System.—Its Cost.—Fall in the 475 Rate of Interest.—Tendency to a Four Per Cent. Rate on Railroad Bonds.—Effect of the Change on Stocks.—Prospective Speculation.—Some Social Inequities to be Adjusted through Cheaper Transportation
CHAPTER XLIV.
THE SILVER QUESTION.
Its Fundamental Importance.—Dangers of Neglecting 481 it.—Attempts at Evasion.—How it must be Finally met.—Silver Paper Currency Schemes, and their Futility
CHAPTER XLV.
THE LABOR QUESTION.
Harmony Between the Representatives of Capital and 491 Labor Necessary for Business Prosperity.—If Manufacturers should Combine to Regulate Wages the Arrangement could only be Temporary.—The Workingmen are Taken Care of by the Natural Laws of Trade.—Competition among the Capitalists Sustains the Rate of Wages.—Opinion of John Stuart Mill on this Subject.—Compelling a Uniform Rate of Pay is a Gross Injustice to the Most Skilful Workmen.—The Tendency of the Trades Unions to Debar the Workingman from Social Elevation.—The Power of the Unions Brought to a Test.—The Universal Failure of the Strikes.—Revolutionary Demands of the Knights of Labor.—Gould and the Strikes on the Missouri Pacific, &c., &c.