Taxation has its limitations as a method of achieving better economic distribution since for this purpose it is essentially remedial. We must also take a positive approach by finding new ways to spread ownership of future capital growth more broadly in our society. [ The Second American Revolution , 1976.]
I have ways of making money that you know nothing of.
"A friendship founded on business is better than a business founded on friendship."
[M]any of the deficiencies of our economic system could be alleviated if ways were found to broaden the ownership of the means of production.…This has happened in some companies [through ESOPs]. Successful approaches of this sort would pay dividends in terms of employee commitment and morale. And they would not deprive anyone of his present holdings since they are based on future growth. [ The Second American Revolution , 1976.]
For the mass of men the idea of artistic creation can only be expressed by an idea unpopular in present discussions — the idea of property…. Property is merely the art of the democracy. . . .One would think, to hear people talk, that the Rothschilds and the Rockefellers were on the side of property. But obviously they are the enemies of property; because they are enemies of their own limitations. They do not want their own land; but other people’s…. It is the negation of property that the Duke of Sutherland should have all the farms in one estate; just as it would be the negation of marriage if he had all our wives in one harem. [“The Enemies of Property” What’s Wrong With the World . G. K. Chesterton, Collected Works, Volume IV. San Francisco: Ignatius Press, 1987, p. 65-6.]
I'm always looking for a new idea that will be more productive than its cost.
Riches: A gift from Heaven signifying, "This is my beloved son, in whom I am well pleased." -- John D. Rockefeller, (slander by Ambrose Bierce)
Have you seen the well-to-do, up and down Park Avenue? On that famous thoroughfare, with their noses in the air, High hats and Arrow collars, white spats and lots of dollars, Spending every dime, for a wonderful time... If you're blue and you don't know where to go to, Why don't you go where fashion sits, ... Dressed up like a million dollar trooper, Trying hard to look like Gary Cooper, (super dooper) Come, let's mix where Rockefeller's walk with sticks, Or umberellas, in their mitts, Puttin' on the Ritz. ... If you're blue and you don't know where to go to, Why don't you go where fashion sits, Puttin' on the Ritz. Puttin' on the Ritz. Puttin' on the Ritz. Puttin' on the Ritz.
I'm always looking for a new idea that will be more productive than its cost. -- David Rockefeller</p>
I have ways of making money that you know nothing of. -- John D. Rockefeller</p>
On October 15th I had a conversation with a great Russian capitalist, Stepan Georgevitch Lianozov, known as the “Russian Rockefeller”--a Cadet by political faith.
His eldest son, GEORGE JAY GOULD (b. 1864), was prominent also as an owner and manager of railways, and became president of the Little Rock & Fort Smith railway (1888), the St Louis, Iron Mountain & Southern railway (1893), the International & Great Northern railway (1893), the Missouri Pacific railway (1893), the Texas & Pacific railway (1893), and the Manhattan Railway Company (1892); he was also vice-president and director of the Western Union Telegraph Company. It was under his control that the Wabash system became transcontinental and secured an Atlantic port at Baltimore; and it was he who brought about a friendly alliance between the Gould and the Rockefeller interests. Entry: GOULD
The value of the property of the university in 1908 was about $25,578,000. Up to the 30th of June 1908 it had received from gifts actually paid $29,651,849, of which $22,712,631 were given by John D. Rockefeller.[4] The value of buildings in 1908 was $4,508,202, of grounds $4,406,191, and of productive funds $14,186,235. Upon the death of President Harper, Harry Pratt Judson (b. 1849), then head professor of political science and dean of the faculties of arts, became acting president, and on the 20th of January 1907 he was elected president. Entry: CHICAGO
The parks contain altogether more than 1500 acres. A chain of parks connected by driveways follows the picturesque valley of Doan Brook on the E. border of the city. At the mouth of the brook and on the lake front is the beautiful Gordon Park of 122 acres, formerly the private estate of William J. Gordon but given by him to the city in 1893; from this extends up the Doan Valley the large Rockefeller Park, which was given to the city in 1896 by John D. Rockefeller and others, and which extends to and adjoins Wade Park (85 acres; given by J. H. Wade) in which are a zoological garden and a lake. Lake View Park along the lake shore contains only 10½ acres, but is a much frequented resting-place near the business centre of the city, and affords pleasant views of the lake and its commerce. Monumental Park is divided into four sections (containing about 1 acre each) by Superior Avenue and Ontario Street. Of the several cemeteries, Lake View (about 300 acres), on an elevated site on the E. border, is by far the largest and most beautiful, its natural beauty having been enhanced by the landscape gardener. Besides Garfield, John Hay and Marcus A. Hanna are buried here. Entry: CLEVELAND
In the W. central part of the campus is the university library building, which, with an endowment (1891) of $300,000 for the purchase of books and periodicals, was the gift of Henry Williams Sage (1814-1897), second president of the board of trustees; in 1906 it received an additional endowment fund of about $500,000 by the bequest of Prof. Willard Fiske. The building, of light grey Ohio sandstone, houses the general library (300,050 volumes in 1909), the seminary and department libraries (7284 volumes), and the forestry library (1007 volumes). Among the special collections of the general library are the classical library of Charles Anthon, the philological library of Franz Bopp, the Goldwin Smith library (1869), the White architectural and historical libraries, the Spinoza collection presented by Andrew D. White (1894), the library of Jared Sparks, the Samuel J. May collection of works on the history of slavery, the Zarncke library, especially rich in Germanic philology and literature, the Eugene Schuyler collection of Slavic folk-lore, literature and history, the Willard Fiske Rhaeto-Romanic, Icelandic, Dante and Petrarch collections, and the Herbert H. Smith collection of works on Latin America (in addition there are college and department libraries--that of the college of law numbers 38,735 volumes--bringing the total to 353,638 bound volumes in 1909). Among the other buildings are: Morse Hall, Franklin Hall, Sibley College, Lincoln Hall (housing the college of civil engineering), Goldwin Smith Hall (for language and history), Stimson Hall (given by Dean Sage to the medical college), Boardman Hall (housing the college of law), Morrill Hall (containing the psychological laboratory), McGraw Hall and White Hall--these, with the library, forming the quadrangle; S. of the quadrangle, Sage chapel (with beautiful interior decorations), Barnes Hall (the home of the Cornell University Christian Association), Sage College (a dormitory for women), and the armoury and gymnasium; E. of the quadrangle, the Rockefeller Hall of Physics (1906) and the New York State College of Agriculture (completed in 1907); and S.E. of the quadrangle the New York State Veterinary College and the Fuertes Observatory. The university is well-equipped with laboratories, the psychological laboratory, the laboratories of Sibley college and the hydraulic laboratory of the college of civil engineering being especially noteworthy; the last is on Fall Creek, where a curved concrete masonry dam has been built, forming Beebe Lake. East of the campus is the university playground and athletic field (55 acres), built with funds raised from the alumni. Cayuga Lake furnishes opportunity for rowing, and the Cornell crews are famous. During their first two years all undergraduates, unless properly excused, must take a prescribed amount of physical exercise. Normally the first year's exercise for male students is military drill under the direction of a U.S. army officer detailed as commandant. Entry: CORNELL
Atlanta is an important educational centre. Its public-school system was organized in 1871. Here are the Georgia School of Technology, founded in 1885 (opened 1888) as a branch of the university of Georgia; the Atlanta College of Physicians and Surgeons (established in 1898 by the union of the Atlanta Medical College, organized in 1855, and the Southern Medical College, organized in 1878); the Atlanta School of Medicine (1905); the Georgia College of Eclectic Medicine; the Atlanta Theological Seminary (1901, Congregational), the only theological school of the denomination in the South in 1908; the Atlanta Dental College; the Southern College of Pharmacy (1903); Washington Seminary (1877) for girls; and the following institutions for negroes--Atlanta University, founded in 1869, which is one of the best institutions in the country for the higher education of negroes, standing particularly for "culture" education (as opposed to industrial training), which has done particularly good work in the department of sociology, under the direction of Prof. W.E.B. du Bois (b. 1868), one of the most prominent teachers of negro descent in the country, and which had in 1908 339 students; Clark University, founded in 1870 by the Freedman's Aid and Southern Educational Society of the Methodist Episcopal Church; the Atlanta Baptist College, founded in 1867; Morris Brown College (African Methodist Episcopal, founded in 1882, and opened in 1885), which has college preparatory, scientific, academic, normal and missionary courses, correspondence courses in English and theology, an industrial department, and departments of law, theology (Turner Theological Seminary), nurse-training, music and art; the Gammon Theological Seminary (Methodist Episcopal, chartered in 1888), which has its buildings just outside the city limits; and the Spelman Seminary for women and girls (Baptist) opened in 1881 as the Atlanta Baptist Female Seminary--the present name being adopted in 1883 in honour of the parents of Mrs John D. Rockefeller--and incorporated in 1888. At Decatur (pop. 1418 in 1900), a residential suburb, 6 m. east-north-east of Atlanta, is the Agnes Scott College (1890) for white girls; connected with the college is a school of music, art and expression, and an academy. Entry: ATLANTA
The city commands pleasant views from its position on a plateau, which, at places on bluffs along the shore, has elevations of about 75 ft. above the water below, and rises gradually toward the S.E. to 115 ft. and on the extreme E. border to more than 200 ft. above the lake, or about 800 ft. above sea-level; the surface has, however, been cut deeply by the Cuyahoga, which here pursues a meandering course through a valley about ½ m. wide, and is also broken by several smaller streams. The city's shore-line is more than 12 m. long. The city varies considerably in width, and occupies a total area of about 41 sq. m., much the greater part of which is E. of the river. The streets are of unusual width (varying from 60 ft. to 132 ft.); are paved chiefly with Medina dressed stone, brick and asphalt; and, like the parks, are so well shaded by maples, elms and other trees, that Cleveland has become known as the "Forest City." The municipality maintains an efficient forestry department. About ½ m. from the lake and the same distance E. of the river is the Public Square, or Monumental Park, in the business centre of the city. Thence the principal thoroughfares radiate. The river is spanned with bridges, and its valley by two viaducts, the larger of which (completed in 1878 at a cost of more than $2,000,000), 3211 ft. long, 64 ft. wide, and 68 ft. above water, connects Superior Avenue on the E. with Detroit Avenue on the W. The Central Viaduct, finished in 1888, extends from Central Avenue to W. 14th Street, and there connects with a smaller viaduct across Walworth Run, the combined length of the two being about 4000 ft. Another viaduct (about 830 ft. long) crosses Kingsbury Run a short distance above its mouth. Lower Euclid Avenue (the old country road to Euclid, O., and Erie, Pa.) is given up to commercial uses; the eastern part of the avenue has handsome houses with spacious and beautifully ornamented grounds, and is famous as one of the finest residence streets in the country. Sections of Prospect Avenue, E. 40th, E. 93rd, E. 75th, E. 55th, W. 44th and E. 79th streets also have many fine residences. The principal business thoroughfares are Superior Avenue (132 ft. wide), the W. part of Euclid Avenue, and Ontario St. The manufacturing quarters are chiefly in the valley of the Cuyahoga, and along the railway tracks entering the city, chiefly on the E. side. In 1902 the city arranged for grouping its public buildings--in the so-called "Group Plan"--at a cost of $25,000,000. The court-house and city hall are on the bluff overlooking Lake Erie; 1000 ft. south are the Federal post-office and the public library. The Mall connecting the court-house and city hall with the post-office and library is 600 ft. wide; on one side of it is the grand music-hall, on the other a fine art gallery. The six granite buildings forming this quadrangle were built under the supervision of Arnold Brunner, a government architect, and of John M. Carrere and D. H. Burnham, who planned the buildings at the Pan-American Exposition and the Chicago World's Fair respectively. The city has, besides, numerous fine office buildings, including that of the Society for Savings (an institution in which each depositor is virtually a stockholder), the Citizens', Rose, Williamson, Rockefeller, New England and Garfield buildings; and several beautiful churches, notably the Roman Catholic and Trinity cathedrals, the First Presbyterian ("Old Stone"), the Second Presbyterian, the First Methodist and Plymouth (Congregational) churches. The Arcade, between Euclid and Superior avenues, and the Colonial Arcade, between Euclid and Prospect avenues, are office and retail store buildings worthy of mention. The former, finished in 1889, is 400 ft. long, 180 ft. wide, and 140 ft. high, with a large interior court, overlooked by five balconies. The Colonial Arcade contains a hotel as well; it was finished in 1898. In the Public Square is a soldiers' and sailors' monument consisting of a granite shaft rising from a memorial room to a height of 125 ft., and surmounted with a figure of Liberty; in the same park, also, is a bronze statue of Moses Cleaveland, the founder of the city. On a commanding site in Lake View Cemetery is the Garfield Memorial (finished in 1890) in the form of a tower (165 ft. high), designed by George Keller and built mostly of Ohio sandstone; in the base is a chapel containing a statue of Garfield and several panels on which are portrayed various scenes in his life; his remains are in the crypt below the statue. A marble statue of Commodore Oliver H. Perry, erected in commemoration of his victory on Lake Erie in 1813, is in Wade Park, where there is also a statue of Harvey Rice (1800-1891), who reformed the Ohio public school system and wrote _Pioneers of the Western Reserve_ (1882) and _Sketches of Western Life_ (1888). Entry: CLEVELAND