In his Radical days (to quote from one who corresponded in some ways to this type) he was a much better man, because he was a much less enlightened one. The hard impudence of his first Manchester Individualism was softened by two relatively humane qualities; the first was a much greater manliness in his pride; the second was a much greater sincerity in his optimism. For the first point, the modern capitalist is merely industrial; but this man was also industrious. He was proud of hard work; nay, he was even proud of low work--if he could speak of it in the past and not the present. In fact, he invented a new kind of Victorian snobbishness, an inverted snobbishness. While the snobs of Thackeray turned Muggins into De Mogyns, while the snobs of Dickens wrote letters describing themselves as officers' daughters "accustomed to every luxury--except spelling," the Individualist spent his life in hiding his prosperous parents. He was more like an American plutocrat when he began; but he has since lost the American simplicity. The Frenchman works until he can play. The American works until he can't play; and then thanks the devil, his master, that he is donkey enough to die in harness. But the Englishman, as he has since become, works until he can pretend that he never worked at all. He becomes as far as possible another person--a country gentleman who has never heard of his shop; one whose left hand holding a gun knows not what his right hand doeth in a ledger. He uses a peerage as an alias, and a large estate as a sort of alibi. A stern Scotch minister remarked concerning the game of golf, with a terrible solemnity of manner, "the man who plays golf--he neglects his business, he forsakes his wife, he forgets his God." He did not seem to realise that it is the chief aim of many a modern capitalist's life to forget all three.
This abandonment of a boyish vanity in work, this substitution of a senile vanity in indolence, this is the first respect in which the rich Englishman has fallen. He was more of a man when he was at least a master-workman and not merely a master. And the second important respect in which he was better at the beginning is this: that he did then, in some hazy way, half believe that he was enriching other people as well as himself. The optimism of the early Victorian Individualists was not wholly hypocritical. Some of the clearest-headed and blackest-hearted of them, such as Malthus, saw where things were going, and boldly based their Manchester city on pessimism instead of optimism. But this was not the general case; most of the decent rich of the Bright and Cobden sort did have a kind of confused faith that the economic conflict would work well in the long run for everybody. They thought the troubles of the poor were incurable by State action (they thought that of all troubles), but they did not cold-bloodedly contemplate the prospect of those troubles growing worse and worse. By one of those tricks or illusions of the brain to which the luxurious are subject in all ages, they sometimes seemed to feel as if the populace had triumphed symbolically in their own persons. They blasphemously thought about their thrones of gold what can only be said about a cross--that they, being lifted up, would draw all men after them. They were so full of the romance that anybody could be Lord Mayor, that they seemed to have slipped into thinking that everybody could. It seemed as if a hundred Dick Whittingtons, accompanied by a hundred cats, could all be accommodated at the Mansion House. It was all nonsense; but it was not (until later) all humbug.