Jeniffer electronic book

Men like Mr. J. Pierpont Morgan, Mr. Andrew
Carnegie, Mr. James J. Hill, and Mr. Edward Harriman have in the course
of their business careers contributed enormously to American economic
efficiency. They have been overpaid for their services, but that is
irrelevant to the question immediately under consideration. It is
sufficient that their economic power has been just as much earned by
substantial service as was the political power of a man like Andrew
Jackson; and if our country is to continue its prosperous economic
career, it must retain an economic organization which will offer to men
of this stamp the opportunity and the inducement to earn distinction.
The rule which has already been applied to the case of political power
applies, also, to economic power. Individuals should enjoy as much
freedom from restraint, as much opportunity, and as much responsibility
as is necessary for the efficient performance of their work. Opinions
will differ as to the extent of this desirable independence and its
associated responsibility.


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