Fantasy could hardly devise a situation less auspicious for nationalization of industries than that of Russia in 1918.
"We Shouldn't Be Grateful to the Pilgrims," by Charles Beard
Omens these: In Paterson, the silk city, little third and fourth class shops are flooded with fine silks to be sold at any price; there has been a panic in silk. A year ago a butcher got $1.35 a pound for his raw calf hides and today he is lucky to get 25 cents; the bottom has fallen out of the leather market. The sign of the night rider appears in the South. The farming industry in convention at Washington demands unlimited federal credit to enable the South to sit on its cotton until the price is 40 cents again, and the West to hold its wheat for $3.00 a bushel; else all are ruined.
If an optimist is a man who makes lemonade out of all the lemons that are handed to him, men Senator Harding is the greatest of all optimists. He has been told by his friends and his critics that he is colorless and without sap, commonplace and dull, weak and servile. Right you are, says the Senator. You have described exactly the kind of man this country needs. It has tried Roosevelt and Wilson, and look. It can't stand the gaff. I am nothing that they were. I am no superman like Roosevelt and no superthinker like Wilson. Therefore, I am just the man you are looking for. How do I know that?