Home Categories Essays Rockefeller's 38 letters to his son

Chapter 36 Thirty-sixth letter - wealth is a responsibility

Motto: Great wealth is also great responsibility. Only fools get pretentious because they are rich. Never benefit from anyone with selfish intentions. (With a good conscience our only sure reward, in hour of maximum danger, we do not shrink from this responsibility, we welcome it.) November 20, 1907 Dear John: I am very happy that a financial crisis that almost caused a national crisis has finally passed! Now, I think our President of the United States, Mr. Theodore Roosevelt, can go to Louisiana and continue hunting in peace, despite his astonishing incompetence in this crisis.Of course, Mr. President did not do nothing. He supported Wall Street with "worries".God!We taxpayers are blind to send such a New York bastard to the White House.

Frankly, the very mention of Theodore Roosevelt's name and what he did to Standard Oil infuriates me.He's the most narrow-minded, vengeful villain I've ever met.Yes, this villain succeeded. Using his great power, he became the winner of an unfair competition instigated by himself. The federal court issued a huge fine that was unprecedented in American history and ordered the dissolution our company.Look what this vile man has done to us! However, I believe that his so-called punishment will not succeed in the end, but will make him very frustrated, because I believe that all our companies are not rubbish. We have excellent management teams and sufficient funds. We can withstand any risk and Strike, our wealth will flow from their healthy bodies.Just wait and see!There will be moments when we secretly laugh.

However, we have been hurt and treated very unfairly.Theodore accuses us of being villains of great wealth, and that honor insults us as notorious thieves, as if our riches had been conspired to rob us.wrong!Those stupid guys didn't know how big business was built, and he didn't want to know.Every penny of ours permeates our wisdom, every step forward we pay a load of sweat, and the cornerstone of our career building is laid by our lives.But they don't want to hear it, but like paranoia, they only believe in their own incompetent judgment, insultingly belittle our business ability, and ignore the fact that we light up the United States with the cheapest and highest quality kerosene.

I know that Theodore's sword will be swung to its fullest, for he has rejected our offer of reconciliation.But I have nothing to fear, because I have a clear conscience, and the worst result is that he uses his power to break up our glorious and happy family, but the happiness will not stop, and the glory will not fall.A future built on reality will prove it all. There is no doubt that we are suffering unprecedented persecution, persecution from the Roosevelt administration.However, we cannot act emotionally, we cannot suppress our conscience with anger, we can never stand by when the crisis comes, it will make us feel shame and conscience, we should come forward.Because we are citizens of the United States, it is our duty to save our country and our fellow men from disaster.And as a rich man, I know that great wealth is also a great responsibility, and I shoulder the mission of benefiting mankind.

When the financial crisis swept through Wall Street, panicked depositors lined up to withdraw their deposits from banks, and there was a run on the crisis that would lead the US economy into the Great Depression again. Double crisis: the government lacks funds and the people lack confidence.At this moment, "Mr. Money Bag" must do something about it. I called Mr. Stone and asked the Associated Press to quote me and tell the American people: Our country has never lacked credit, and knowledgeable people in the financial sector Zhishi takes credit as its life. If necessary, I am willing to give half of the securities to help the country maintain its credit.Trust me, financial earthquakes will not happen.

Thank God, the crisis is over and Wall Street is out of the woods. And for this moment, I did what I should do, just like the "Wall Street Journal" commented, "Mr. Rockefeller helped Wall Street with his voice and huge funds."Only, never let them know that I was the one who took the most money out of my own pocket in getting through this panic, and that's something I'm very proud of. Of course, Mr. Morgan has made outstanding contributions to Wall Street's success in overcoming the credit crisis. He is the out-and-out commander of this war. And decisive personality saved Wall Street.So I said that the American people should thank him, people on Wall Street should thank him, and Theodore Roosevelt should thank him, because Morgan did for him what he should have done but failed to do because of his incompetence.

Many people these days, and of course newspapers, give credit to people who give generously, but it's worth nothing to me.Peace of conscience is the only reliable reward. When the country is facing a crisis, we should have done our part and had the courage to bear it.I think those who sincerely reach out to help are like me, we just want to shine on our country with our strength, faith and loyalty. But I'm not without a shameful record.Forty-six years ago, when many young Americans obeyed the call of the motherland and went to the front line loyally to fight for the emancipation of black slaves and the maintenance of federal unity. Relying on it to live, it did not go to war.

It seemed like a reassuring reason, but then the country needed my blood and our blood was needed.This matter has always disturbed my conscience, and it was not until the economic crisis more than ten years ago that I had a chance of redemption.At that time, the federal government was unable to guarantee the gold reserves, and Washington turned to Mr. Morgan for help, but Morgan was helpless, and it was I who gave the government a huge amount of money to quell the financial panic.It makes me so happy, more than how much money I make. But I don't see myself as a savior, let alone a pretentious person, only a fool would be pretentious because he is rich, because I am a citizen.I know that I have great wealth and that I also have great public responsibilities because of it, and that what is more noble than having great wealth is to serve my country in accordance with its needs.

John, we are rich, but at any time, we should not spend money recklessly. Our money is only used to create value for human beings, and must not give any selfish people a little benefit.Of course, we will never donate to Republicans again. That Theodore Roosevelt has killed us. Fame and virtue are the decorations of the soul. Without her, no matter how beautiful the body is, it should not be considered beautiful. love your father
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