“There are three big classes in society. First comes the Plutocracy, which is composed of wealthy bankers, railway magnates, corporation directors, and trust magnates. Second, is the middle class, your class, gentlemen, which is composed of farmers, merchants, small manufacturers, and professional men. And third and last comes my class, the proletariat, which is composed of the wage-workers.63
“You cannot but grant that the ownership of wealth constitutes essential power in the United States to-day. How is this wealth owned by these three classes? Here are the figures. The Plutocracy owns sixty-seven billions of wealth. Of the total number of persons engaged in occupations in the United States, only nine-tenths of one per cent are from the Plutocracy, yet the Plutocracy owns seventy per cent of the total wealth. The middle class owns twenty-four billions. Twenty-nine per cent of those in occupations are from the middle class, and they own twenty-five per cent of the total wealth. Remains the proletariat. It owns four billions. Of all persons in occupations, seventy per cent come from the proletariat; and the proletariat owns four per cent of the total wealth. Where does the power lie, gentlemen?”
“From your own figures, we of the middle class are more powerful than labor,” Mr. Asmunsen remarked.
“Calling us weak does not make you stronger in the face of the strength of the Plutocracy,” Ernest retorted. “And furthermore, I’m not done with you. There is a greater strength than wealth, and it is greater because it cannot be taken away. Our strength, the strength of the proletariat, is in our muscles, in our hands to cast ballots, in our fingers to pull triggers. This strength we cannot be stripped of. It is the primitive strength, it is the strength that is to life germane, it is the strength that is stronger than wealth, and that wealth cannot take away.