Page:Popular Science Monthly Volume 48.djvu/915

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THE SOCIAL FUNCTION OF WEALTH.
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they will not have rendered good service in the meantime. It only proves that nothing is lasting, and that types and methods will have to be modified, every half century, for example. These establishments foster a taste for neatness and hygienic conditions in the house, and provide models which private builders may imitate. What has thus been done in reference to the house may also be done with relation to food. In this, Lyons again has given an instructive example, in the provision that has been made there of popular restaurants with low-priced dishes, which yet pay a very convenient interest of from three to four per cent. In association with enterprises of this kind wealth performs its social function without suffering depreciation.

A third social function of wealth lies in the gratuitous patronage of unremunerative works, a sympathetic way of giving help where it will be worthily bestowed and thankfully received.

Next are great foundations of general interest, such as a few millionaires, whose names are honored and perpetuated by their deeds, have taken pleasure in making. The finest examples of this kind of benevolence have been found among the Americans and in the little states of ancient Greece; museums, schools, observatories, public parks, churches, orphanages, hospitals—institutions with which every man possessing a fortune of the first class might deem it a privilege to have his name associated. No considerable curtailment of the amount to be transmitted to heirs or gradual transformation after death of private fortunes into collective fortunes need be contemplated in these foundations. Such transformation would be of mischievous economical effect; for money, except in a few rare exceptions, is better administered by individuals who possess it than by collective organizations of any kind. Many fortunes, however, are large enough to afford considerable sums for these foundations. There are many other beneficent works that might tempt millionaires. Among objects worthy of attention are African and Asian exploration, experiments in acclimatization of animals and plants, subventions of scientific and medical investigation, and others. Under the triple form we have pointed out, the social function of wealth, as distinguished from its economical function, is to be initiative and auxiliary. This function can not be imposed by law, but must be promoted by tradition, conscience, and a taste for useful and sympathetic activity. It would be well if it were supported by a compliant public opinion, but the absence of that condition affords no reason for ignoring it.—Translated for the Popular Science Monthly from the Revue des Deux Mondes.