
    ,,*APT] ,,IX

    ,,! ,,MA!MATICS ,,( ,A ,,DR1M
  ,9 ! MID/ (! 3/]N,N 8 REVEL,N _H
PRODUC$1 ,]NE/ 2GAN AG 6SP1K4
  8,Y H SD1 A DOZ5 ( Y TN1 T SOCIALISM
IS IMPOSSI#4 ,Y H ASS]T$ ! IMPOSSI#1 N[
LET ME DEMON/RATE ! 9EVITA#4 ,N ONLY IS
X 9EVITA# T Y SMALL CAPITALI/S % PASS
AWAY1 B X IS 9EVITA# T ! L>GE
CAPITALI/S1 &! TRU/S AL1 % PASS AWAY4
,REMEMB]1 ! TIDE ( EVOLU;N N"E FL[S
BACKW>D4 ,X FL[S ON & ON1 & X FL[S F
-PETI;N 6-B9,N1 & F LL -B9,N 6L>GE
-B9,N1 & F L>GE -B9,N 6COLOSSAL -B9,N1 &
X FL[S ON 6SOCIALISM1 : IS ! MO/
COLOSSAL -B9,N ( ALL4
  8,Y TELL ME T ,I DR1M4 ,V GD4 ,I'LL
GIVE Y ! MA!MATICS ( MY DR1M2 & "H1 9
ADV.E1 ,I *ALL5GE Y 6%[ T MY MA!MATICS
>E WR;G4 ,I % DEVELOP ! 9EVITABIL;Y (!
BR1KD[N (! CAPITALI/ SY/EM1 & ,I %
DEMON/RATE MA!MATIC,Y :Y X M/ BR1K D[N4
,"H GOES1 & BE> ) ME IF AT F/ ,I SEEM
IRRELEVANT4
  8,LET U1 F/ ( ALL1 9VE/IGATE A "PICUL>
9DU/RIAL PROCESS1 & :5"E ,I /ATE "S?+ )
: Y 4AGREE1 PL1SE 9T]RUPT ME4 ,"H IS A
%OE FACTORY4 ,? FACTORY TAKES L1!R &
MAKES X 96%OES4 ,"H IS "O HUNDR$ DOLL>S'
WOR? ( L1!R4 ,X GOES "? ! FACTORY & -ES
\ 9 ! =M ( %OES1 WOR?1 LET U SAY1 TWO
HUNDR$ DOLL>S4 ,:AT HAS HAPP5$8 ,"O
HUNDR$ DOLL>S HAS BE5 A4$ 6! VALUE (!
L1!R4 ,H[ 0 X A4$8 ,LET U SEE4
  8,CAPITAL & LABOR A4$ ? VALUE ( "O
HUNDR$ DOLL>S4 ,CAPITAL FURNI%$ !
FACTORY1 ! MA*9ES1 & PD ALL ! EXP5SES4
,LABOR FURNI%$ LABOR4 ,0! JO9T EF=T (
CAPITAL & LABOR "O HUNDR$ DOLL>S ( VALUE
0 A4$4 ,>E Y ALL AGRE$ S F>80
  ,H1DS NO4$ >.D ! TA# 9 A6IRM,N4
  8,LABOR & CAPITAL HAV+ PRODUC$ ? "O
HUNDR$ DOLL>S1 N[ PROCE$ 6DIVIDE X4 ,!
/ATI/ICS ( ? DIVI.N >E FRAC;NAL2 S LET
U1 =! SAKE ( 3V5I;E1 MAKE !M R\<LY
APPROXIMATE4 ,CAPITAL TAKES FIFTY DOLL>S
Z XS %>E1 & LABOR GETS 9 WAGES FIFTY
DOLL>S Z XS %>E4 ,WE W N 5T] 96! SQUA2L+
OV] ! DIVI.N499 ,NO MATT] H[ M* SQUA2L+
TAKES PLACE1 9 "O P]C5TAGE OR ANO!R !
DIVI.N IS >RANG$4 ,& TAKE NOTICE "H1 T
:AT IS TRUE ( ? "PICUL> 9DU/RIAL PROCESS
IS TRUE ( ALL 9DU/RIAL PROCESSES4 ,AM ,I
"R80
  99 ,"EH>D "H CLE>LY DEVELOPS ! CAUSE (
ALL ! LABOR TR\#S ( T "T4 ,9 ! DIVI.N (!
JO9T-PRODUCT1 CAPITAL WANT$ ALL X CD
GET1 & LABOR WANT$ ALL X CD GET4 ,?
QU>REL OV] ! DIVI.N 0 IRRECONCILA#4 ,S
L;G Z ! SY/EM ( CAPITALI/IC PRODUC;N
EXI/$1 LABOR & CAPITAL 3T9U$ 6QU>REL OV]
! DIVI.N (! JO9T-PRODUCT4 ,X IS A
LUDICR\S SPECTACLE 6U1 B WE M/ N =GET T
WE H SEV5 C5TURIES' ADVANTAGE OV] ^? T
LIV$ 9 T "T4
  ,AG ! :OLE TA# AGRE$ ) ,]NE/4
  8,N[1 SUPPOSE LABOR1 HAV+ RCVD XS
FIFTY DOLL>S1 WANT$ 6BUY BACK %OES4 ,X
CD ONLY BUY BACK FIFTY DOLL>S' WOR?4
,T'S CLE>1 ISN'T X8
  8,& N[ WE %IFT F ? "PICUL> PROCESS 6!
SUM TOTAL ( ALL 9DU/RIAL PROCESSES 9 !
,UNIT$ ,/ATES1 : 9CLUDES ! L1!R XF1 RAW
MAT]IAL1 TRANSPORT,N1 SELL+1 "EY?+4 ,WE
W SAY1 =! SAKE ( R.D FIGURES1 T ! TOTAL
PRODUC;N ( W1L? 9 ! ,UNIT$ ,/ATES IS "O
YE> IS F\R BILLION DOLL>S4 ,!N LABOR HAS
RCVD 9 WAGES1 DUR+ ! SAME P]IOD1 TWO
BILLION DOLL>S4 ,F\R BILLION DOLL>S HAS
BE5 PRODUC$4 ,H[ M* ( ? C LABOR BUY
BACK8 ,TWO BILLIONS4 ,"! IS NO 4CUS.N (
?1 ,I AM SURE4 ,= T MATT]1 MY P]C5TAGES
>E MILD4 ,2C (A ?\S& CAPITALI/IC
DEVICES1 LABOR _C BUY BACK EV5 HALF (!
TOTAL PRODUCT4
  8,B 6RETURN4 ,WE W SAY LABOR BUYS BACK
TWO BILLIONS4 ,!N X /&S 6R1SON T LABOR C
3SUME ONLY TWO BILLIONS4 ,"! >E / TWO
BILLIONS 6BE A3.T$ =1 : LABOR _C BUY
BACK & 3SUME40
  8,LABOR DOES N 3SUME XS TWO BILLIONS1
EV510 ,MR4 ,K[ALT SPOKE UP4 8,IF X DID1
X WD N H ANY DEPOSITS 9 ! SAV+S BANKS40
  8,LABOR'S DEPOSITS 9 ! SAV+S BANKS >E
ONLY A SORT ( RES]VE FUND T IS 3SUM$ Z
FA/ Z X A3UMULATES4 ,^! DEPOSITS >E SAV$
= OLD AGE1 = SICK;S & A3ID5T1 &= FUN]AL
EXP5SES4 ,! SAV+S BANK DEPOSIT IS SIMPLY
A PIECE (! LOAF PUT BACK ON ! %ELF 6BE
EAT5 NEXT "D4 ,NO1 LABOR 3SUMES ALL (!
TOTAL PRODUCT T XS WAGES W BUY BACK4
  8,TWO BILLIONS >E LEFT 6CAPITAL4 ,AF X
HAS PD XS EXP5SES1
DOES X 3SUME ! REMA9D]8 ,DOES CAPITAL
3SUME ALL ( XS TWO BILLIONS80
  ,]NE/ /OPP$ & PUT ! "Q PO9T BLANK 6A
NUMB] (! M54 ,!Y %OOK _! H1DS4
  8,I DON'T "K10 "O ( !M FRANKLY SD4
  8,( C\RSE Y D10 ,]NE/ W5T ON4 8,/OP &
?9K A MO;T4 ,IF CAPITAL 3SUM$ XS %>E1 !
SUM TOTAL ( CAPITAL CD N 9CR1SE4 ,X WD
REMA9 3/ANT4 ,IF Y W LOOK AT ! ECONOMIC
HI/ORY (! ,UNIT$ ,/ATES1 Y W SEE T ! SUM
TOTAL ( CAPITAL HAS 3T9U,Y 9CR1S$4 ,"!=E
CAPITAL DOES N 3SUME XS %>E4 ,D Y
REMEMB] :5 ,5GL& [N$ S M* ( \R RAILROAD
BONDS8 ,Z ! YE>S W5T BY1 WE B"\ BACK ^?
BONDS4 ,:AT DOES T M1N8 ,T "P (
CAPITAL'S UNCONSUM$ %>E B"\ BACK !
BONDS4 ,:AT IS ! M1N+ (! FACT T TD !
CAPITALI/S (! ,UNIT$ ,/ATES [N HUNDR$S &
HUNDR$S ( MILLIONS ( DOLL>S ( ,MEXICAN
BONDS1 ,RUSSIAN BONDS1 ,ITALIAN BONDS1
,GRECIAN BONDS8 ,! M1N+ IS T ^? HUNDR$S
& HUNDR$S ( MILLIONS 7 "P ( CAPITAL'S
%>E : CAPITAL DID N 3SUME4 ,FUR!RMORE1 F
! V 2G9N+ (! CAPITALI/ SY/EM1 CAPITAL
HAS N"E 3SUM$ ALL ( XS %>E4
  8,& N[ WE -E 6! PO9T4 ,F\R BILLION
DOLL>S ( W1L? IS PRODUC$ 9 "O YE> 9 !
,UNIT$ ,/ATES4 ,LABOR BUYS BACK & 3SUMES
TWO BILLIONS4 ,CAPITAL DOES N 3SUME !
REMA9+ TWO BILLIONS4 ,"! IS A L>GE BAL.E
LEFT OV] UNCONSUM$4 ,:AT IS D"O ) ?
BAL.E8 ,:AT C 2 D"O ) X8 ,LABOR _C 3SUME
ANY ( X1 = LABOR HAS ALR SP5T ALL XS
WAGES4 ,CAPITAL W N 3SUME ? BAL.E1 2C1
ALR1 AC 6XS NATURE1 X HAS 3SUM$ ALL X C4
,& / REMA9S ! BAL.E4 ,:AT C 2 D"O ) X8
,:AT IS D"O ) X80
  8,X IS SOLD ABROAD10 ,MR4 ,K[ALT
VOLUNTE]$4
  8,! V ?+10 ,]NE/ AGRE$4 8,2C ( ? BAL.E
>ISES \R NE$ =A =EIGN M>KET4 ,? IS SOLD
ABROAD4 ,X HAS 6BE SOLD ABROAD4 ,"! IS
NO O!R WAY ( GETT+ RID ( X4 ,& T
UNCONSUM$ SURPLUS1 SOLD ABROAD1 2COMES
:AT WE CALL \R FAVORA# BAL.E ( TRADE4
,>E WE ALL AGRE$ S F>80
  8,SURELY X IS A WA/E ( "T 6ELABORATE
^! ,A ;,B ,C'S ( -M]CE10 ,MR4 ,CALV9 SD
T>TLY4 8,WE ALL "U/& !M40
  8,& X IS 0^! ,A ;,B ,C'S ,I H S
C>E;LLY ELABORAT$ T ,I % 3F.D Y10 ,]NE/
RETORT$4 8,"!'S ! B1UTY ( X4 ,& ,I'M GO+
63F.D Y ) !M "R N[4 ,"H GOES4
  8,! ,UNIT$ ,/ATES IS A CAPITALI/ C.TRY
T HAS DEVELOP$ XS RES\RCES4 ,AC 6XS
CAPITALI/ SY/EM ( 9DU/RY1 X HAS AN
UNCONSUM$ SURPLUS T M/ 2 GOT RID (1 & T
M/ 2 GOT RID ( ABROAD499 ,:AT IS TRUE (!
,UNIT$ ,/ATES IS TRUE ( E O!R CAPITALI/
C.TRY ) DEVELOP$ RES\RCES4 ,E "O ( S*
C.TRIES HAS AN UNCONSUM$ SURPLUS4 ,DON'T
=GET T !Y H ALR TRAD$ ) "O ANO!R1 & T ^!
SURPLUSES YET REMA94 ,LABOR 9 ALL ^!
C.TRIES HAS SP5T X WAGES1 & _C BUY ANY
(! SURPLUSES4 ,CAPITAL 9 ALL ^! C.TRIES
HAS ALR 3SUM$ ALL X IS A# AC 6XS NATURE4
,& / REMA9 ! SURPLUSES4 ,!Y _C 4POSE (
^! SURPLUSES 6"O ANO!R4 ,H[ >E !Y GO+
6GET RID ( !M80
  99 ,!ODORE ,ROOSEVELT1 ,PRESID5T (!
,UNIT$ ,/ATES A FEW YE>S PRIOR 6? "T1
MADE ! FOLL[+ PUBLIC DECL>,N3 8,A M
LIB]AL & EXT5SIVE RECIPROC;Y 9 ! PUR*ASE
& SALE ( -MODITIES IS NEC1 S T !
OV]PRODUC;N (! ,UNIT$ ,/ATES C 2
SATISFACTORILY 4POS$ ( 6=EIGN C.TRIES40
,( C\RSE1 ? OV]PRODUC;N HE M5;NS 0 !
PR(ITS (! CAPITALI/ SY/EM OV] & 2Y !
3SUM+ P[] (! CAPITALI/S4 ,X 0 AT ? "T T
,S5ATOR ,M>K ,HANNA SD3 8,! PRODUC;N (
W1L? 9 ! ,UNIT$ ,/ATES IS "O-?IRD L>G]
ANNU,Y ?AN XS 3SUMP;N40 ,AL A FELL[-
,S5ATOR1 ,*AUNCEY ,DEPEW1 SD3 8,!
,AM]ICAN P PRODUCE ANNU,Y TWO BILLIONS M
W1L? ?AN !Y 3SUME40
  8,SELL !M 6C.TRIES ) UNDEVELOP$
RES\RCES10 ,MR4 ,K[ALT SU7E/$4
  8,! V ?+4 ,Y SEE1 MY >GU;T IS S CLE> &
SIMPLE T 9 YR [N M9DS Y C>RY X ON = ME4
,& N[ =! NEXT /EP4 ,SUPPOSE ! ,UNIT$
,/ATES 4POSES ( XS SURPLUS 6A C.TRY )
UNDEVELOP$ RES\RCES L1 SAY1 ,BRAZIL4
,REMEMB] ? SURPLUS IS OV] & ABV TRADE1 :
>TICLES ( TRADE H BE5 3SUM$4 ,:AT1 !N1
DOES ! ,UNIT$ ,/ATES GET 9 RETURN F
,BRAZIL80
  8,GOLD10 SD ,MR4 ,K[ALT4
  8,B "! IS ONLY S M* GOLD1 & N M* ( X1
9 ! _W10 ,]NE/ OBJECT$4
  8,GOLD 9 ! =M ( SECURITIES & BONDS & S
=?10 ,MR4 ,K[ALT AM5D$4
  8,N[ Y'VE /RUCK X10 ,]NE/ SD4 8,F
,BRAZIL ! ,UNIT$ ,/ATES1 9 RETURN = H]
SURPLUS1 GETS BONDS & SECURITIES4 ,& :AT
DOES T M1N8 ,X M1NS T ! ,UNIT$ ,/ATES IS
-+ 6[N RAILROADS 9 ,BRAZIL1 FACTORIES1
M9ES1 & L&S 9 ,BRAZIL4
,& :AT IS ! M1N+ ( T 9 TURN80
  ,MR4 ,K[ALT POND]$ & %OOK 8 H1D4
  8,I'LL TELL Y10 ,]NE/ 3T9U$4 8,X M1NS
T ! RES\RCES ( ,BRAZIL >E 2+ DEVELOP$4
,& N[1 ! NEXT PO9T4 ,:5 ,BRAZIL1 "U !
CAPITALI/ SY/EM1 HAS DEVELOP$ H]
RES\RCES1 %E W H]F H AN UNCONSUM$
SURPLUS4 ,C %E GET RID ( ? SURPLUS 6!
,UNIT$ ,/ATES8 ,NO1 2C ! ,UNIT$ ,/ATES
HAS H]F A SURPLUS4 ,C ! ,UNIT$ ,/ATES D
:AT %E PREVI\SLY DID--GET RID ( H]
SURPLUS 6,BRAZIL8 ,NO1 = ,BRAZIL N[ HAS
A SURPLUS1 TOO4
  8,:AT HAPP5S8 ,! ,UNIT$ ,/ATES &
,BRAZIL M/ BO? SEEK \ O!R C.TRIES )
UNDEVELOP$ RES\RCES1 9 ORD] 6UNLOAD !
SURPLUSES ON !M4 ,B 0! V PROCESS (
UNLOAD+ ! SURPLUSES1 ! RES\RCES ( ^?
C.TRIES >E 9 TURN DEVELOP$4 ,SOON !Y H
SURPLUSES1 & >E SEEK+ O!R C.TRIES ON :
6UNLOAD4 ,N[1 G5TLEM51 FOLL[ ME4 ,!
PLANET IS ONLY S L>GE4 ,"! >E ONLY S _M
C.TRIES 9 ! _W4 ,:AT W HAPP5 :5 E C.TRY
9 ! _W1 D[N 6! SMALLE/ & LA/1 )A SURPLUS
9 XS H&S1 /&S 3FRONT+ E O!R C.TRY )
SURPLUSES 9 _! H&S80
  ,HE PAUS$ & REG>D$ 8 LI/5]S4 ,!
BEPUZZLE;T 9 _! FACES 0 DELICI\S4 ,AL1
"! 0 AWE 9 _! FACES4 ,\ ( AB/RAC;NS
,]NE/ _H 3JUR$ A VI.N & MADE !M SEE X4
,!Y 7 SEE+ X !N1 Z !Y SAT "!1 & !Y 7
F"R5$ 0X4
  8,WE />T$ ) ,A ;,B ;,C1 ,MR4 ,CALV910
,]NE/ SD SLYLY4 8,I H N[ GIV5 Y ! RE/ (!
ALPHABET4 ,X IS V SIMPLE4 ,T IS ! B1UTY
( X4 ,Y SURELY H ! ANSW] =?COM+4 ,:AT1
!N1 :5 E C.TRY 9 ! _W HAS AN UNCONSUM$
SURPLUS8 ,": W YR CAPITALI/ SY/EM 2 !N80
  ,B ,MR4 ,CALV9 %OOK A TR\#D H1D4 ,HE 0
OBVI\SLY QUE/+ BACK "? ,]NE/'S R1SON+ 9
SE>* ( AN ]ROR4
  8,LET ME BRIEFLY G OV] ! GR.D ) Y AG10
,]NE/ SD4 8,WE 2GAN )A "PICUL> 9DU/RIAL
PROCESS1 ! %OE FACTORY4 ,WE F.D T !
DIVI.N (! JO9T PRODUCT T TOOK PLACE "! 0
SIMIL> 6! DIVI.N T TOOK PLACE 9 ! SUM
TOTAL ( ALL 9DU/RIAL PROCESSES4 ,WE F.D
T LABOR CD BUY BACK ) XS WAGES ONLY S M*
(! PRODUCT1 & T CAPITAL DID N 3SUME ALL
(! REMA9D] (! PRODUCT4 ,WE F.D T :5
LABOR _H 3SUM$ 6! FULL EXT5T ( XS WAGES1
& :5 CAPITAL _H 3SUM$ ALL X WANT$1 "! 0
/ LEFT AN UNCONSUM$ SURPLUS4 ,WE AGRE$ T
? SURPLUS CD ONLY 2 4POS$ ( ABROAD4 ,WE
AGRE$1 AL1 T ! E6ECT ( UNLOAD+ ? SURPLUS
ON ANO!R C.TRY WD 2 6DEVELOP ! RES\RCES
( T C.TRY1 & T 9 A %ORT "T T C.TRY WD H
AN UNCONSUM$ SURPLUS4 ,WE EXT5D$ ?
PROCESS 6ALL ! C.TRIES ON ! PLANET1 TILL
E C.TRY 0 PRODUC+ E YE>1 & E "D1 AN
UNCONSUM$ SURPLUS1 : X CD 4POSE ( 6NO
O!R C.TRY4 ,& N[ ,I ASK Y AG1 :AT >E WE
GO+ 6D ) ^? SURPLUSES80
  ,/ NO "O ANSW]$4
  8,MR4 ,CALV980 ,]NE/ QU]I$4
  8,X B1TS ME10 ,MR4 ,CALV9 3FESS$4
  8,I N"E DR1M$ ( S* A ?+10 ,MR4
,ASMUNS5 SD4 8,& YET X DOES SEEM CLE> Z
PR9T40
  ,X 0 ! F/ "T ,I _H "E HE>D ,K>L
,M>X'S99 DOCTR9E ( SURPLUS VALUE
ELABORAT$1 & ,]NE/ _H D"O X S SIMPLY T
,I1 TOO1 SAT PUZZL$ & DUMBF.D$4
  99 ,K>L ,M>X--! GRT 9TELLECTUAL H]O (
,SOCIALISM4 ,A ,G]MAN ,JEW (! N9ETE5?
C5TURY4 ,A 3TEMPOR>Y ( ,JOHN ,/U>T
,MILL4 ,X SEEMS 9CR$I# 6U T :OLE G5],NS
%D H ELAPS$ AF ! ENUNCI,N ( ,M>X'S
ECONOMIC 4COV]IES1 9 : "T HE 0 SNE]$ AT
0! _W'S A3EPT$ ?9K]S & S*OL>S4 ,2C ( 8
4COV]IES HE 0 BANI%$ F 8 NATIVE C.TRY1 &
HE DI$ AN EXILE 9 ,5GL&4
  8,I'LL TELL Y A WAY 6GET RID (!
SURPLUS10 ,]NE/ SD4 8,?R[ X 96! SEA4
,?R[ E YE> HUNDR$S ( MILLIONS ( DOLL>S'
WOR? ( %OES & :1T & CLO?+ & ALL !
-MODITIES ( -M]CE 96! SEA4 ,WON'T T FIX
X80
  8,X W C]TA9LY FIX X10 ,MR4 ,CALV9
ANSW]$4 8,B X IS ABSURD = Y 6TALK T
WAY40
  ,]NE/ 0 ^U HM L A FLA%4
  8,IS X A BIT M ABSURD ?AN :AT Y
ADVOCATE1 Y MA*9E-BR1K]1 RETURN+ 6!
ANTEDILUVIAN WAYS ( YR =E"FS8 ,:AT D Y
PROPOSE 9 ORD] 6GET RID (! SURPLUS8 ,Y
WD ESCAPE ! PRO#M (! SURPLUS 0N PRODUC+
ANY SURPLUS4 ,& H[ D Y PROPOSE 6AVOID
PRODUC+ A SURPLUS8 ,0RETURN+ 6A
PRIMITIVE ME?OD ( PRODUC;N1 S 3FUS$ &
4ORD]LY & IRR,NAL1 S WA/E;L & CO/LY1 T X
W 2 IMPOSSI# 6PRODUCE A SURPLUS40
  ,MR4 ,CALV9 SWALL[$4 ,! PO9T _H BE5
DRIV5 HOME4 ,HE SWALL[$ AG & CLE>$ 8
?ROAT4
  8,Y >E "R10 HE SD4 8,I /& 3VICT$4 ,X
IS ABSURD4 ,B WE'VE GOT 6D "S?+4 ,X IS A
CASE ( LIFE & D1? = U (! MI4LE CLASS4
,WE REFUSE 6P]I%4 ,WE ELECT 6BE ABSURD &
6RETURN 6! TRULY CRUDE & WA/E;L ME?ODS (
\R =E"FS4 ,WE W PUT BACK 9DU/RY 6XS PRE-
TRU/ /AGE4 ,WE W BR1K ! MA*9ES4 ,& :AT
>E Y GO+ 6D AB X80
  8,B Y C'T BR1K ! MA*9ES10 ,]NE/
REPLI$4 8,Y _C MAKE ! TIDE ( EVOLU;N FL[
BACKW>D4 ,OPPOS$ 6Y >E TWO GRT =CES1 EA*
( : IS M P[];L ?AN Y (! MI4LE CLASS4 ,!
L>GE CAPITALI/S1 ! TRU/S1 9 %ORT1 W N
LET Y TURN BACK4 ,!Y DON'T WANT ! MA*9ES
DE/ROY$4 ,& GRT] ?AN ! TRU/S1 & M P[];L1
IS LABOR4 ,X W N LET Y DE/ROY ! MA*9ES4
,! [N]%IP (! _W1 AL;G )! MA*9ES1 LIES 2T
! TRU/S & LABOR4 ,T IS ! BATTLE ALIGN;T4
,NEI SIDE WANTS ! DE/RUC;N (! MA*9ES4 ,B
EA* SIDE WANTS 6POSSESS ! MA*9ES4 ,9 ?
BATTLE ! MI4LE CLASS HAS NO PLACE4 ,!
MI4LE CLASS IS A PYGMY 2T TWO GIANTS4
,DON'T Y SEE1 Y POOR P]I%+ MI4LE CLASS1
Y >E CAU<T 2T ! UPP] & NE!R MILL/"OS1 &
EV5 N[ HAS ! GR9D+ 2GUN4
  8,I H DEMON/RAT$ 6Y MA!MATIC,Y !
9EVITA# BR1KD[N (! CAPITALI/ SY/EM4 ,:5
E C.TRY /&S ) AN UNCONSUM$ & UNSALA#
SURPLUS ON XS H&S1 ! CAPITALI/ SY/EM W
BR1K D[N "U ! T]RIFIC /RUCTURE ( PR(ITS
T X XF HAS RE>$4 ,& 9 T "D "! WON'T 2
ANY DE/RUC;N (! MA*9ES4 ,! /RU7LE !N W 2
=! [N]%IP (! MA*9ES4 ,IF LABOR W9S1 YR
WAY W 2 EASY4 ,! ,UNIT$ ,/ATES1 &! :OLE
_W = T MATT]1 W 5T] ^U A NEW & TREM5D\S
]A4 ,9/1D ( 2+ CRU%$ 0! MA*9ES1 LIFE W 2
MADE FAIR]1 & HAPPI]1 & NO#R 0!M4 ,Y (!
DE/ROY$ MI4LE CLASS1 AL;G ) LABOR--"! W
2 NO?+ B LABOR !N2 S Y1 & ALL ! RE/ (
LABOR1 W "PICIPATE 9 ! EQUITA# 4TRIBU;N
(! PRODUCTS (! WOND];L MA*9ES4 ,& WE1
ALL ( U1 W MAKE NEW & M WOND];L MA*9ES4
,& "! WON'T 2 ANY UNCONSUM$ SURPLUS1 2C
"! WON'T 2 ANY PR(ITS40
  8,B SUPPOSE ! TRU/S W9 9 ? BATTLE OV]
! [N]%IP (! MA*9ES &! _W80 ,MR4 ,K[ALT
ASK$4
  8,!N10 ,]NE/ ANSW]$1 8Y1 & LABOR1 &
ALL ( U1 W 2 CRU%$ "U ! IRON HEEL (A
DESPOTISM Z REL5T.S & T]RI# Z ANY
DESPOTISM T HAS BLACK5$ ! PAGES (!
HI/ORY ( MAN4 ,T W 2 A GD "N = T
DESPOTISM1 ! ,IRON ,HEEL4099
  99 ,! E>LIE/ "KN USE ( T "N 6DESIGNATE
! ,OLIG>*Y4
  ,"! 0 A L;G PAUSE1 & E MAN AT ! TA#
M$ITAT$ 9 WAYS UNWONT$ & PROF.D4
  8,B ? SOCIALISM ( YRS IS A DR1M10 ,MR4
,CALV9 SD2 & REP1T$1 8A DR1M40
  8,I'LL %[ Y "S?+ T ISN'T A DR1M1 !N10
,]NE/ ANSW]$4 8,& T "S?+ ,I % CALL !
,OLIG>*Y4 ,Y CALL X ! ,PLUTOCRACY4 ,WE
BO? M1N ! SAME ?+1 ! L>GE CAPITALI/S OR
! TRU/S4 ,LET U SEE ": ! P[] LIES TD4 ,&
9 ORD] 6D S1 LET U APPOR;N SOCIETY 96XS
CLASS DIVI.NS4
  8,"! >E ?REE BIG CLASSES 9 SOCIETY4
,F/ -ES ! ,PLUTOCRACY1 : IS -POS$ (
W1L?Y BANK]S1 RAILWAY MAGNATES1 CORPOR,N
DIRECTORS1 & TRU/ MAGNATES4 ,SECOND1 IS
! MI4LE CLASS1 YR CLASS1 G5TLEM51 : IS
-POS$ ( F>M]S1 M]*ANTS1 SMALL
MANUFACTUR]S1 & PROFES.NAL M54 ,& ?IRD &
LA/ -ES MY CLASS1 ! PROLET>IAT1 : IS
-POS$ (! WAGE-"W]S499
  99 ,? DIVI.N ( SOCIETY MADE 0,"EH>D IS
9 A3ORD.E ) T MADE 0,LUCI5 ,SANIAL1 "O
(! /ATI/ICAL AU?ORITIES ( T "T4 ,8
CALCUL,N (! MEMB]%IP ( ^! DIVI.NS
0O3UP,N1 F ! ,UNIT$ ,/ATES ,C5SUS (
#AIJJ1 IS Z FOLL[S3 ,PLUTOCRATIC CLASS1
#BEJ1BEA2 ,MI4LE CLASS1 #H1DBI1HDE2 &
,PROLET>IAT CLASS1 #BJ1CIC1ACG4
  8,Y _C B GRANT T ! [N]%IP ( W1L?
3/ITUTES ESS5TIAL P[] 9 ! ,UNIT$ ,/ATES
TD4 ,H[ IS ? W1L? [N$ 0^! ?REE CLASSES8
,"H >E ! FIGURES4 ,! ,PLUTOCRACY [NS
SIXTY-SEV5 BILLIONS ( W1L?4 ,(! TOTAL
NUMB] ( P]SONS 5GAG$ 9 O3UP,NS 9 !
,UNIT$ ,/ATES1 ONLY N9E-T5?S ( "O P] C5T
>E F ! ,PLUTOCRACY1 YET ! ,PLUTOCRACY
[NS SEV5TY P] C5T (! TOTAL W1L?4 ,!
MI4LE CLASS [NS TW5TY-F\R BILLIONS4
,TW5TY-N9E P] C5T ( ^? 9 O3UP,NS >E F !
MI4LE CLASS1 & !Y [N TW5TY-FIVE P] C5T
(! TOTAL W1L?4 ,REMA9S ! PROLET>IAT4 ,X
[NS F\R BILLIONS4 ,( ALL P]SONS 9
O3UP,NS1 SEV5TY P] C5T -E F !
PROLET>IAT2 &! PROLET>IAT [NS F\R P] C5T
(! TOTAL W1L?4 ,": DOES ! P[] LIE1
G5TLEM580
  8,F YR [N FIGURES1 WE (! MI4LE CLASS
>E M P[];L
?AN LABOR10 ,MR4 ,ASMUNS5 REM>K$4
  8,CALL+ U W1K DOES N MAKE Y /R;G] 9 !
FACE (! /R5G? (! ,PLUTOCRACY10 ,]NE/
RETORT$4 8,& FUR!RMORE1 ,I'M N D"O ) Y4
,"! IS A GRT] /R5G? ?AN W1L?1 & X IS
GRT] 2C X _C 2 TAK5 AWAY4 ,\R /R5G?1 !
/R5G? (! PROLET>IAT1 IS 9 \R MUSCLES1 9
\R H&S 6CA/ BALLOTS1 9 \R F+]S 6PULL
TRI7]S4 ,? /R5G? WE _C 2 /RIPP$ (4 ,X IS
! PRIMITIVE /R5G?1 X IS ! /R5G? T IS
6LIFE G]MANE1 X IS ! /R5G? T IS /R;G]
?AN W1L?1 & T W1L? _C TAKE AWAY4
  8,B YR /R5G? IS DETA*A#4 ,X C 2 TAK5
AWAY F Y4 ,EV5 N[ ! ,PLUTOCRACY IS TAK+
X AWAY F Y4 ,9 ! 5D X W TAKE X ALL AWAY
F Y4 ,& !N Y W C1SE 6BE ! MI4LE CLASS4
,Y W DESC5D 6U4 ,Y W 2COME PROLET>IANS4
,&! B1UTY ( X IS T Y W !N ADD 6\R /R5G?4
,WE W HAIL Y BRO!RS1 & WE W FI<T %\LD]
6%\LD] 9 ! CAUSE ( HUMAN;Y4
  8,Y SEE1 LABOR HAS NO?+ 3CRETE ( : 6BE
DESPOIL$4 ,XS %>E (! W1L? (! C.TRY 3SI/S
( CLO!S & H\SEHOLD FURNITURE1 ) "H & "!1
9 V R>E CASES1 AN UN5CUMB]$ HOME4 ,B Y H
! 3CRETE W1L?1 TW5TY-F\R BILLIONS ( X1
&! ,PLUTOCRACY W TAKE X AWAY F Y4 ,(
C\RSE1 "! IS ! L>GE LIKELIHOOD T !
PROLET>IAT W TAKE X AWAY F/4 ,DON'T Y
SEE YR POSI;N1 G5TLEM58 ,! MI4LE CLASS
IS A WO2LY LL LAMB 2T A LION &A TIG]4
,IF "O DOESN'T GET Y1 ! O!R W4 ,& IF !
,PLUTOCRACY GETS Y F/1 :Y X'S ONLY A
MATT] ( "T :5 ! ,PROLET>IAT GETS !
,PLUTOCRACY4
  8,EV5 YR PRES5T W1L? IS N A TRUE
M1SURE ( YR P[]4 ,! /R5G? ( YR W1L? AT ?
MO;T IS ONLY AN EMPTY %ELL4 ,T IS :Y Y
>E CRY+ \ YR FEE# LL BATTLE-CRY1
8,RETURN 6! WAYS ( \R "FS40 ,Y >E AW>E (
YR IMPOT5CY4 ,Y "K T YR /R5G? IS AN
EMPTY %ELL4 ,& ,I'LL %[ Y ! EMPTI;S ( X4
  8,:AT P[] H ! F>M]S8 ,OV] FIFTY P] C5T
>E ?RALLS 0VIRTUE (! FACT T !Y >E M]ELY
T5ANTS OR >E MORTGAG$4 ,& ALL ( !M >E
?RALLS 0VIRTUE (! FACT T ! TRU/S ALR [N
OR 3TROL 7: IS ! SAME ?+ ONLY BETT]7--[N
& 3TROL ALL ! M1NS ( M>KET+ ! CROPS1 S*
Z COLD /ORAGE1 RAILROADS1 ELEVATORS1 &
/1M%IP L9ES4 ,&1 FUR!RMORE1 ! TRU/S
3TROL ! M>KETS4 ,9 ALL ? ! F>M]S >E )\T
P[]4 ,Z REG>DS _! POLITICAL & GOV]N;TAL
P[]1 ,I'LL TAKE T UP LAT]1 AL;G )!
POLITICAL & GOV]N;TAL P[] (! :OLE MI4LE
CLASS4
  8,"D 0"D ! TRU/S SQUEEZE \ ! F>M]S Z
!Y SQUEEZ$ \ ,MR4 ,CALV9 &! RE/ (!
DAIRYM54 ,& "D 0"D >E ! M]*ANTS SQUEEZ$
\ 9 ! SAME WAY4 ,D Y REMEMB] H[1 9 SIX
MON?S1 ! ,TOBA3O ,TRU/ SQUEEZ$ \ OV] F\R
HUNDR$ CIG> /ORES 9 ,NEW ,YORK ,C;Y
AL"O8 ,": >E ! OLD-"T [N]S (! COAL
FIELDS8 ,Y "K TD1 )\T MY TELL+ Y1 T !
,RAILROAD ,TRU/ [NS OR 3TROLS ! 5TIRE
AN?RACITE & BITUM9\S COAL FIELDS4
,DOESN'T ! ,/&>D ,OIL ,TRU/99 [N A SCORE
(! OC1N L9ES8 ,& DOES X N AL 3TROL
COPP]1 6SAY NO?+ ( RUNN+ A SMELT] TRU/ Z
A LL SIDE 5T]PRISE8 ,"! >E T5 ?\S&
CITIES 9 ! ,UNIT$ ,/ATES TN LI<T$ 0!
-PANIES [N$ OR 3TROLL$ 0,/&>D ,OIL1 & 9
Z _M CITIES ALL ! ELECTRIC TRANSPORT,N1
--URBAN1 SUBURBAN1 & 9T]URBAN1--IS 9 !
H&S ( ,/&>D ,OIL4 ,! SMALL CAPITALI/S :O
7 9 ^! ?\S&S ( 5T]PRISES >E G"O4 ,Y "K
T4 ,X'S ! SAME WAY T Y >E GO+4
  99 ,/&>D ,OIL & ,ROCKEFELL]--SEE
UPCOM+ FOOTNOTE3 8,ROCKEFELL] 2GAN Z A
MEMB] 4 4 40
  8,! SMALL MANUFACTUR] IS L ! F>M]2 &
SMALL MANUFACTUR]S & F>M]S TD >E REDUC$1
6ALL 9T5TS & PURPOSES1 6FEUDAL T5URE4 ,=
T MATT]1 ! PROFES.NAL M5 &! >TI/S >E AT
? PRES5T MO;T VILLE9S 9 "EY?+ B "N1 :ILE
! POLITICIANS >E H5*M54 ,:Y D Y1 ,MR4
,CALV91 "W ALL YR NI<TS & "DS 6ORGANIZE
! F>M]S1 AL;G )! RE/ (! MI4LE CLASS1 96A
NEW POLITICAL "PY8 ,2C ! POLITICIANS (!
OLD "PIES W H NO?+ 6D ) YR ATAVI/IC
ID1S2 &) YR ATAVI/IC ID1S1 !Y W H NO?+
6D 2C !Y >E :AT ,I SD !Y >E1 H5*M51
RETA9]S (! ,PLUTOCRACY4
  8,I SPOKE (! PROFES.NAL M5 &! >TI/S Z
VILLE9S4 ,:AT ELSE >E !Y8 ,"O & ALL1 !
PROFESSORS1 ! PR1*]S1 &! $ITORS1 HOLD _!
JOBS 0S]V+ ! ,PLUTOCRACY1 & _! S]VICE
3SI/S ( PROPAGAT+ ONLY S* ID1S Z >E EI
H>M.S 6OR -M5DATORY (! ,PLUTOCRACY4
,:5"E !Y PROPAGATE ID1S T M5ACE !
,PLUTOCRACY1 !Y LOSE _! JOBS1 9 : CASE1
IF !Y H N PROVID$ =! RA9Y "D1 !Y DESC5D
96! PROLET>IAT & EI P]I% OR 2COME "W+-
CLASS AGITATORS4 ,& DON'T =GET T X IS !
PRESS1 ! PULPIT1 &! UNIV]S;Y T M\LD
PUBLIC OP9ION1 SET ! ?"\-PACE (! N,N4 ,Z
=! >TI/S1 !Y M]ELY P&] 6! LL LESS ?AN
IGNO# TA/ES (! ,PLUTOCRACY4
  8,B AF ALL1 W1L? 9 XF IS N ! R1L P[]2
X IS ! M1NS 6P[]1 & P[] IS GOV]N;TAL4
,:O 3TROLS ! GOV]N;T TD8 ,! PROLET>IAT )
XS TW5TY MILLIONS
5GAG$ 9 O3UP,NS8 ,EV5 Y LAU< AT ! IDEA4
,DOES ! MI4LE CLASS1 ) XS EI<T MILLION
O3UPI$ MEMB]S8 ,NO M ?AN ! PROLET>IAT4
,:O1 !N1 3TROLS ! GOV]N;T8 ,!
,PLUTOCRACY1 ) XS PALTRY QU>T] (A
MILLION ( O3UPI$ MEMB]S4 ,B ? QU>T] (A
MILLION DOES N 3TROL ! GOV]N;T1 ?\< X
R5D]S YEOMAN S]VICE4 ,X IS ! BRA9 (!
,PLUTOCRACY T 3TROLS ! GOV]N;T1 & ? BRA9
3SI/S ( SEV599 SMALL & P[];L GR\PS ( M54
,& D N =GET T ^! GR\PS >E "W+ TD
PRACTIC,Y 9 UNISON4
  99 ,EV5 Z LATE Z #AIJG1 X 0 3SID]$ T
ELEV5 GR\PS DOM9AT$ ! C.TRY1 B ? NUMB] 0
REDUC$ 0! AMALGAM,N (! FIVE RAILROAD
GR\PS 96A SUPREME -B9,N ( ALL !
RAILROADS4 ,^! FIVE GR\PS S AMALGAMAT$1
AL;G ) _! F9ANCIAL & POLITICAL ALLIES1 7
7#A7 ,JAMES ,J4 ,HILL ) 8 3TROL (!
,NOR?WE/2 7#B7 ! ,P5NSYLVANIA RAILWAY
GR\P1 ,S*IFF F9ANCIAL MANAG]1 ) BIG
BANK+ FIRMS ( ,PHILADELPHIA & ,NEW
,YORK2 7#C7 ,H>RIMAN1 ) ,FRICK = C\NSEL
& ,ODELL Z POLITICAL LIEUT5ANT1 3TROLL+
! C5TRAL 3T95TAL1 ,S\?WE/]N & ,S\!RN
,PACIFIC ,COA/ L9ES ( TRANSPORT,N2 7#D7
! ,G\LD FAMILY RAILWAY 9T]E/S2 & 7#E7
,MOORE1 ,REID1 & ,LE$S1 "KN Z ! 8,ROCK
,ISL& CR[D40 ,^! /R;G OLIG>*S >OSE \ (!
3FLICT ( -PETI;N & TRAVELL$ ! 9EVITA#
ROAD T[>D -B9,N4
  8,LET ME PO9T \ ! P[] ( B "O ( !M1 !
RAILROAD GR\P4 ,X EMPLOYS =TY ?\S&
LAWY]S 6DEF1T ! P 9 ! C\RTS4 ,X ISSUES
C.T.S ?\S&S ( FREE PASSES 6JUDGES1
BANK]S1 $ITORS1 M9I/]S1 UNIV]S;Y M51
MEMB]S ( /ATE LEGISLATURES1 &( ,3GRESS4
,X MA9TA9S LUXURI\S LO2IES99 AT E /ATE
CAPITAL1 & AT ! N,NAL CAPITAL2 & 9 ALL !
CITIES & T[NS (! L& X EMPLOYS AN IMM5SE
>MY ( PETTIFO7]S & SMALL POLITICIANS ^:
BUSI;S IS 6ATT5D PRIM>IES1 PACK 3V5;NS1
GET ON JURIES1 BRIBE JUDGES1 & 9 E WAY
6"W = XS 9T]E/S49999
  99 ,LO2Y--A PECULI> 9/ITU;N = BRIB+1
BULLDOZ+1 & CORRUPT+ ! LEGISLATORS :O 7
SUPPOS$ 6REPRES5T ! P'S 9T]E/S4
  9999 ,A DECADE 2F ? SPEE* ( ,"EH>D'S1
! ,NEW ,YORK ,BO>D ( ,TRADE ISSU$ A
REPORT F : ! FOLL[+ IS QUOT$3 8,!
RAILROADS 3TROL ABSOLUTELY !
LEGISLATURES (A MAJOR;Y (! /ATES (!
,UNION2 !Y MAKE & UNMAKE ,UNIT$ ,/ATES
,S5ATORS1 3GRESSM51 & GOV]NORS1 & >E
PRACTIC,Y DICTATORS (! GOV]N;TAL POLICY
(! ,UNIT$ ,/ATES40
  8,G5TLEM51 ,I H M]ELY SKET*$ ! P[] (
"O (! SEV5 GR\PS T 3/ITUTE ! BRA9 (!
,PLUTOCRACY499 ,YR TW5TY-F\R BILLIONS (
W1L? DOES N GIVE Y TW5TY-FIVE C5TS' WOR?
( GOV]N;TAL P[]4 ,X IS AN EMPTY %ELL1 &
SOON EV5 ! EMPTY %ELL W 2 TAK5 AWAY F Y4
,! ,PLUTOCRACY HAS ALL P[] 9 XS H&S TD4
,X TD MAKES ! LAWS1 = X [NS ! ,S5ATE1
,3GRESS1 ! C\RTS1 &! /ATE LEGISLATURES4
,& N ONLY T4 ,2H LAW M/ 2 =CE 6EXECUTE !
LAW4 ,TD ! ,PLUTOCRACY MAKES ! LAW1 &
65=CE ! LAW X HAS AT XS BECK & CALL !1
POLICE1 ! >MY1 ! NAVY1 &1 LA/LY1 !
MILITIA1 : IS Y1 & ME1 & ALL ( U40
  99 ,ROCKEFELL] 2GAN Z A MEMB] (!
PROLET>IAT1 & "? ?RIFT & CUNN+ SU3E$$ 9
DEVELOP+ ! F/ P]FECT TRU/1 "NLY T "KN Z
,/&>D ,OIL4 ,WE _C =BE> GIV+ ! FOLL[+
REM>KA# PAGE F ! HI/ORY (! "TS1 6%[ H[ !
NE$ = RE9VE/;T (! ,/&>D ,OIL SURPLUS
CRU%$ \ SMALL CAPITALI/S & HA/5$ !
BR1KD[N (! CAPITALI/ SY/EM4 ,DAVID
,GRAHAM ,PHILLIPS 0 A RADICAL WRIT] (!
P]IOD1 &! QUOT,N1 0HM1 IS TAK5 F A COPY
(! ,SATUR"D ,EV5+ ,PO/1 DAT$ ,OCTOB] #D1
#AIJB ,A4,D4 ,? IS ! ONLY COPY ( ?
PUBLIC,N T HAS -E D[N 6U1 & YET1 F XS
APPE>.E & 3T5T1 WE _C B 3CLUDE T X 0 "O
(! POPUL> P]IODICALS )A L>GE CIRCUL,N4
,! QUOT,N "H FOLL[S3
  8,AB T5 YE>S AGO ,ROCKEFELL]'S 9COME 0
GIV5 Z ?IRTY MILLIONS 0AN EXCELL5T
AU?OR;Y4 ,HE _H R1*$ ! LIMIT ( PR(ITA#
9VE/;T ( PR(ITS 9 ! OIL 9DU/RY4 ,"H1 !N1
7 ^! ENORM\S SUMS 9 CA% P\R+ IN--M ?AN
4#B1JJJ1JJJ A MON? = ,JOHN ,DAVISON
,ROCKEFELL] AL"O4 ,! PRO#M ( RE9VE/;T
2CAME M S]I\S4 ,X 2CAME A NI<TM>E4 ,!
OIL 9COME 0 SWELL+1 SWELL+1 &! NUMB] (
S.D 9VE/;TS LIMIT$1 EV5 M LIMIT$ ?AN X
IS N[4 ,X 0 "? NO SPECIAL EAG];S = M
GA9S T ! ,ROCKEFELL]S 2GAN 6BRAN* \ F
OIL 96O!R ?+S4 ,!Y 7 =C$1 SWEPT ON 0?
9ROLL+ TIDE ( W1L? : _! MONOPOLY MAGNET
IRRESI/IBLY ATTRACT$4 ,!Y DEVELOP$ A
/AFF ( 9VE/;T SEEK]S & 9VE/IGATORS4 ,X
IS SD T ! *IEF ( ? /AFF HAS A SAL>Y (
4#ABE1JJJ A YE>4
  8,! F/ 3SPICU\S EXCUR.N & 9CUR.N (!
,ROCKEFELL]S 0 96! RAILWAY FIELD4
,0#AHIE !Y 3TROLL$ "O-FIF? (! RAILWAY
MILEAGE (! C.TRY4 ,:AT D !Y [N OR1 "?
DOM9ANT [N]%IP1 3TROL TD8 ,!Y >E P[];L 9
ALL ! GRT RAILWAYS ( ,NEW ,YORK1 NOR?1
EA/1 & WE/1 EXCEPT "O1 ": _! %>E IS ONLY
A FEW MILLIONS4 ,!Y >E 9 MO/ (! GRT
RAILWAYS RADIAT+ F ,*ICAGO4 ,!Y DOM9ATE
9 S"EAL (
! SY/EMS T EXT5D 6! ,PACIFIC4 ,X IS _!
VOTES T MAKE ,MR4 ,MORGAN S POT5T1 ?\<1
X MAY 2 A4$1 !Y NE$ 8 BRA9S M ?AN HE
NE$S _! VOTES--AT PRES5T1 &! -B9,N (!
TWO 3/ITUTES 9 L>GE M1SURE ! ,8-MUN;Y (
9T]E/40'
  8,B RAILWAYS CD N AL"O ABSORB RAPIDLY
5 ^? MI<TY FLOODS ( GOLD4 ,PRES5TLY
,JOHN ,D4 ,ROCKEFELL]'S 4#B1EJJ1JJJ A
MON? _H 9CR1S$ 6F\R1 6FIVE1 6SIX
MILLIONS A MON?1 64#GE1JJJ1JJJ A YE>4
,ILLUM9AT+ OIL 0 2COM+ ALL PR(IT4 ,!
RE9VE/;TS ( 9COME 7 A4+ _! MITE ( _M
ANNUAL MILLIONS4
  8,! ,ROCKEFELL]S W5T 96GAS &
ELECTRIC;Y :5 ^? 9DU/RIES _H DEVELOP$ 6!
SAFE 9VE/;T /AGE4 ,& N[ A L>GE "P (!
,AM]ICAN P M/ 2G9 65RI* ! ,ROCKEFELL]S Z
SOON Z ! SUN GOES D[N1 NO MATT] :AT =M (
ILLUM9ANT !Y USE4 ,!Y W5T 96F>M
MORTGAGES4 ,X IS SD T :5 PROSP];Y A FEW
YE>S AGO 5A#D ! F>M]S 6RID !MVS ( _!
MORTGAGES1 ,JOHN ,D4 ,ROCKEFELL] 0 MOV$
ALM 6TE>S2 EI<T MILLIONS : HE _H ?"\
TAK5 C>E (= YE>S 6-E AT A GD 9T]E/ 7
SU45LY DUMP$ ^U 8 DOOR/EP & "! SET UP
A-SQUAWK+ =A NEW HOME4 ,? UNEXPECT$
A4I;N 6HIS WORRI;TS 9 F9D+ PLACES =!
PROG5Y ( 8 PETROLEUM & _! PROG5Y & _!
PROG5Y'S PROG5Y 0 TOO M* =! EQUANIM;Y (A
MAN )\T A DIGES;N4 4 4 4
  8,! ,ROCKEFELL]S W5T 96M9ES--IRON &
COAL & COPP] & L1D2 96O!R 9DU/RIAL
-PANIES2 96/REET RAILWAYS1 96N,NAL1
/ATE1 & MUNICIPAL BONDS2 96/1M%IPS &
/1MBOATS & TELEGRAPHY2 96R1L E/ATE1
96SKYSCRAP]S & RESID;ES & HOTELS &
BUSI;S BLOCKS2 96LIFE 9SUR.E1 96BANK+4
,"! 0 SOON LIT],Y NO FIELD ( 9DU/RY ":
_! MILLIONS 7 N AT "W4 4 4 4
  8,! ,ROCKEFELL] BANK--! ,N,NAL ,C;Y
,BANK--IS 0XF F> & AWAY ! BI7E/ BANK 9 !
,UNIT$ ,/ATES4 ,X IS EXCE$$ 9 ! _W ONLY
0! ,BANK ( ,5GL& &! ,BANK ( ,FR.E4 ,!
DEPOSITS AV]AGE M ?AN "O HUNDR$ MILLIONS
A "D2 & X DOM9ATES ! CALL LOAN M>KET ON
,WALL ,/REET &! /OCK M>KET4 ,B X IS N
AL"O2 X IS ! H1D (! ,ROCKEFELL] *A9 (
BANKS1 : 9CLUDES F\RTE5 BANKS & TRU/
-PANIES 9 ,NEW ,YORK ,C;Y1 & BANKS ( GRT
/R5G? & 9FLU;E 9 E L>GE M"OY C5T] 9 !
C.TRY4
  8,JOHN ,D4 ,ROCKEFELL] [NS ,/&>D ,OIL
/OCK WOR? 2T F\R & FIVE HUNDR$ MILLIONS
AT ! M>KET QUOT,NS4 ,HE HAS A HUNDR$
MILLIONS 9 ! /EEL TRU/1 ALM Z M* 9 A
S+LE WE/]N RAILWAY SY/EM1 HALF Z M* 9 A
SECOND1 & S ON & ON & ON UNTIL ! M9D
WE>IES (! CATALOGU+4 ,8 9COME LA/ YE> 0
AB 4#AJJ1JJJ1JJJ--X IS D\BT;L IF !
9COMES ( ALL ! ,RO?S*ILDS TGR MAKE A
GRT] SUM4 ,& X IS GO+ UP 0L1PS & B.DS40
  ,LL 4CUS.N TOOK PLACE AF ?1 &! D9N]
SOON BROKE UP4 ,ALL 7 QUIET & SUBDU$1 &
L1VE-TAK+ 0 D"O ) L[ VOICES4 ,X SEEM$
ALM T !Y 7 SC>$ 0! VI.N (! "TS !Y _H
SE54

8,! SITU,N IS1 9DE$1 S]I\S10 ,MR4 ,CALV9
SD 6,]NE/4                           8,I
H LL QU>REL )! WAY Y H DEPICT$ X4 ,ONLY
,I                                    --
4AGREE ) Y AB ! DOOM (! MI4LE CLASS4 ,WE
%                                     --
SURVIVE1 & WE % OV]?R[ ! TRU/S40      --

  8,& RETURN 6! WAYS ( YR "FS10 ,]NE/
F9I%$ = HM4
  8,EV5 S10 ,MR4 ,CALV9 ANSW]$ GRAVELY4
8,I "K X'S A SORT ( MA*9E-BR1K+1 & T X
IS ABSURD4 ,B !N LIFE SEEMS ABSURD TD1
:AT (! MA*9,NS (! ,PLUTOCRACY4 ,& AT ANY
RATE1 \R SORT ( MA*9E-BR1K+ IS AT L1/
PRACTICAL & POSSI#1 : YR DR1M IS N4 ,YR
SOCIALI/IC DR1M IS 4 4 WELL1 A DR1M4 ,WE
_C FOLL[ Y40
  8,I ONLY WI% Y FELL[S KNEW A LL "S?+
AB EVOLU;N & SOCIOLOGY10 ,]NE/ SD
WI/;LLY1 Z !Y %OOK H&S4 8,WE WD 2 SAV$ S
M* TR\# IF Y DID40
















