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You couldn’t get a Communist newspaper to publish this story for all the money in the county. Communists still lake good care to paint a “stockholder” as an overstuffed playboy with twenty servants and a double chin who loves to squeeze “The common people.” Now and then some of the rest of us, too, are apt to forget the facts of what America is really like . . . not in 1890 or 1920 . . . but today.
In 1950 America's business is largely owned by millions of small shareholders and investors. Big business like Telephone, Steel, Pennsylvania Railroad, General Electric, Santa Fe. Middle size and little business, too . . . down to the small store or the filling station. It’s only logical that this should be so. The few really huge fortunes are being swiftly taxed away into trusts, charities and foundations. But ordinary folks are earning more money than ever before—enough to give them a surplus for investment which adds up to many thousands of millions of dollars.
It is to these ordinary people, these millions of ‘‘little capitalists”—farmers, salesmen, teachers, electricians, welders, storekeepers, doctors, mechanics, white collar folks, and housewives —that business turns today for its needed new capital—not to the vanished plutocrat of an earlier day. And every man and woman who bwns any stock, bonds or life insurance policies has a share in American business and the right to expect a share in - its earnings. ; . '
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