commerce and civilization if they choose, and that it is wrong to
override their prejudices or expropriate their land. The truth is, that
the notion that the race own the earth has practical meaning only for
the latter class of cases.

The great gains of a great capitalist in a modern state must be put
under the head of wages of superintendence. Anyone who believes that
any great enterprise of an industrial character can be started without
labor must have little experience of life. Let anyone try to get a
railroad built, or to start a factory and win reputation for its
products, or to start a school and win a reputation for it, or to found
a newspaper and make it a success, or to start any other enterprise,
and he will find what obstacles must be overcome, what risks must be
taken, what perseverance and courage are required, what foresight and
sagacity are necessary. Especially in a new country, where many tasks
are waiting, where resources are strained to the utmost all the time,
the judgment, courage, and perseverance required to organize new
enterprizes and carry them to success are sometimes heroic. Persons who
possess the necessary qualifications obtain great rewards. They ought
to do so. It is foolish to rail at them. Then, again, the ability to
organize and conduct industrial, commercial, or financial enterprises
is rare; the great captains of industry are as rare as great generals.
The great weakness of all co-operative enterprises is in the matter of
supervision. Men of routine or men who can do what they are told are
not hard to find; but men who can think and plan and tell the routine
men what to do are very rare. They are paid in proportion to the supply
and demand of them.

If Mr. A.T. Stewart made a great fortune by collecting and bringing
dry-goods to the people of the United States, he did so because he