Echoes of the Past

December, 1935. Not so long ago, actually…

According to the tables which we have assembled it is our estimate that 4% of the American people own 85% of the wealth of America and that over 70% of the people of America don’t own enough to pay the debts that they owe. How many men ever went to a barbecue and would let one man take off the table what’s intended for 9/10 of the people to eat? The only way you’ll ever be able to feed the balance of the people is to make that man come back and bring back some of that grub he ain’t got no business with.

Now how you going to feed the balance of the people? What’s Morgan and Baruch and Rockefeller and Mellon gonna do with all that grub? They can’t eat it. They can’t wear the clothes, they can’t live in the house. Give ‘em a yacht! Give ‘em a palace! Send them to Reno and give them a new wife, if that’s what they want. But when they have everything on God’s living earth that they can eat and they can wear and they can live in, … Then we got to call Mr. Morgan and Mr. Mellon and Mr. Rockefeller back and say come back here. Put that stuff back on this table here, some of that that you took away from here that you don’t need. Leave something else for the American people to consume. …

We’re not going to destroy the Gulf Refining Company! We’re not going to destroy the Standard Oil Company! But we’re going to say that the limit of any one man’s stock ownership in the Standard Oil Company is from $3-$5 million for that individual, and that the balance of the people of America own the balance of what the Standard Oil Company is worth.

Alright. (Applause.) Then we start from the bottom, that the 25 or more million American families shall have a homestead, a home and the comforts of a home, including an automobile, and a radio, the things it takes in that house to live on. We say to America, 125 million: none shall be too big, none shall be too poor. None shall work too much, none shall be idle. No luxurious mansions empty, none walking the streets. None impoverished, none in pestilence. None in want. But in the land blessed by the smile of the Creator, with everything to be consumed, to be eaten, to be worn, that America will become a land, sharing the fruits of the land, not for the favored few, not to satisfy greed, but that all may live in the land in which the Lord has provided an abundance sufficient for the luxury and convenience of the people in general.

What, no cell phones?

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One Response to Echoes of the Past

  1. Gerrymaine says:

    Ahh…the more things change, the more they stay the same!

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