Spencer Heath Archive

Item 1116

Penciling by Heath on notepad paper. Slightly edited by MacCallum and evidentally related to Item 1117

No date

Fortune /Magazine/, in these fortune-wasting days, is dedicated to the making of fortunes. There is no higher mission. Fortunes are the cause, more than the fruit, of high civilization.

     Culture is the bloom of freedom fruiting into richer life. Freedom from want and toil comes of the services performed, each for all. Fortunes are not money, nor are they the papers called “securities.” They are the physical facilities, instruments and materials of producing goods and services and particularly the services of transferring ownership by sales and exchange.

     All the fortunes, all those accumulations of wealth that is administered, not being neglected, wasted or consumed, are capital. They are social-ized wealth owned and used for the service of others. Thus alone do they have income, for without income they cease to be fortunes. The part of income not consumed enhances the fortune to which it flows, puts more production facilities into use. This makes all labor more productive and all more free from toil and want.