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Page 2
III
The existence of categories of property interests resting under a growing
weight of social disapprobation, is giving rise to a series of problems in
private ethics that seem almost to demand a rehabilitation of the art of
casuistry. A very intelligent and conscientious lady of the writer's
acquaintance became possessed, by inheritance, of a one-fourth interest in
a Minneapolis building the ground floor of which is occupied by a saloon.
Her first endeavor was to persuade her partners to secure a cancellation
of the liquor dealer's lease. This they refused to do, on the ground that
the building in question is, by location, eminently suited to its present
use, but very ill suited to any other; and that, moreover, the lessee
would immediately reopen his business on the opposite corner. To yield to
their partner's desire would therefore result in a reduction of their own
profits, but would advance the public welfare not one whit. Disheartened
by her partners' obstinacy, my friend is seeking to dispose of her
interest in the building. As she is willing to incur a heavy sacrifice in
order to get rid of her complicity in what she considers an unholy
business, the transfer will doubtless soon be made. Her soul will be
lightened of the profits from property put to an anti-social use. But the
property will still continue in such use, and profits from it will still
accrue to someone with a soul to lose or to save.
In her fascinating book, _Twenty Years at Hull House_, Miss Jane Addams
tells of a visit to a western state where she had invested a sum of money
in farm mortgages. "I was horrified," she says, "by the wretched
conditions among the farmers, which had resulted from a long period of
drought, and one forlorn picture was fairly burned into my mind.... The
farmer's wife [was] a picture of despair, as she stood in the door of the
bare, crude house, and the two children behind her, whom she vainly tried
to keep out of sight, continually thrust forward their faces, almost
covered by masses of coarse, sunburned hair, and their little bare feet so
black, so hard, the great cracks so filled with dust, that they looked
like flattened hoofs. The children could not be compared to anything so
joyous as satyrs, although they appeared but half-human. It seemed to me
quite impossible to receive interest from mortgages upon farms which might
at any season be reduced to such conditions, and with great inconvenience
to my agent and doubtless with hardship to the farmers, as speedily as
possible I withdrew all my investment." And thereby made the supply of
money for such farmers that much less and consequently that much dearer.
This is quite a fair example of much current philanthropy.
We may safely assume that, however much this action may have lightened
Miss Addams's conscience, it did not lighten the burden of debt upon the
farmer, or make the periodic interest payments less painful, and it
certainly did put them to the trouble and contingent expenses of a new
mortgage. The moral burden was shifted, to the ease of the philanthropist,
and this seems to exhaust the sum of the good results of one well
intentioned deed. Do they outweigh the bad ones?
So, doubtless, there are among our friends persons who, upon proof that
factories in which they have been interested pay starvation wages, have
withdrawn their investments. And others who, stumbling upon a state
legislature among the productive assets of a railway corporation, have
sold their bonds and invested the proceeds elsewhere. It is a modern way
of obeying the injunction, "Sell all thou hast and follow me." And not a
very painful way, since the irreproachable investments pay almost, if not
quite, as well as those that are suspect.
It is not, however, impossible to conceive of a property owner driven from
one position to another, in order to satisfy this new requirement of the
social conscience, without ever finding peace. Miss Addams put the money
withdrawn from those hideous farm mortgages into a flock of "innocent
looking sheep." Alas, they were not so innocent as they seemed. "The sight
of two hundred sheep with four rotting hoofs each was not reassuring to
one whose conscience craved economic peace. A fortunate series of sales of
mutton, wool and farm enabled the partners to end the enterprise without
loss." Sales of mutton? Let us hope those eight hundred infected hoofs are
well printed on the butcher's conscience.
And the net result of all these moral strivings? The evil investments
still continue to be evil, and still yield profits. Doubtless they rest,
in the end, upon less sensitive consciences. Marvellous moral gain!
IV
We are bound to the wheel, say the sociological fatalists. All our efforts
are of no avail; the Wheel revolves as it was destined. Not so. Our
strivings for purity in investments, puny as may be their results in the
individual instance, may compose a sum that is imposing in its
effectiveness. How their influence may be exerted will best appear from an
analogy.
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