National Economic League

The National Economic League was a US based corporate lobby group.

According to the account of novelist and activist Jack London in a speech in 1903:

For divers reasons, the capitalist class lacks this cohesion or solidarity, chief among which is the optimism bred of past success. And, again, the capitalist class is divided; it has within itself a class struggle of no mean proportions, which tends to irritate and harass it and to confuse the situation. The small capitalist and the large capitalist are grappled with each other, struggling over what Achille Loria calls the "bi-partition of the revenues." Such a struggle, though not precisely analogous, was waged between the landlords and manufacturers of England when the one brought about the passage of the Factory Acts and the other the abolition of the Corn Laws.

Here and there, however, certain members of the capitalist class see clearly the cleavage in society along which the struggle is beginning to show itself, while the press and magazines are beginning to raise an occasional and troubled voice. Two leagues of class-conscious capitalists have been formed for the purpose of carrying on their side of the struggle. Like the socialists, they do not mince matters, but state boldly and plainly that they are fighting to subjugate the opposing class. It is the barons against the commons. One of these leagues, the National Association of Manufacturers, is stopping short of nothing in what it conceives to be a life-and-death struggle...

The second class-conscious capitalist organization is called the National Economic League. It likewise manifests the frankness of men who do not dilly-dally with terms, but who say what they mean, and who mean to settle down to a long, hard fight. Their letter of invitation to prospective members opens boldly. "We beg to inform you that the National Economic League will render its services in an impartial educational movement TO OPPOSE SOCIALISM AND CLASS HATRED." Among its class-conscious members, men who recognize that the opening guns of the class struggle have been fired, may be instanced the following names: Hon. Lyman J. Gage, Ex-Secretary U. S. Treasury; Hon. Thomas Jefferson Coolidge, Ex-Minister to France; Rev. Henry C. Potter, Bishop New York Diocese; Hon. John D. Long, Ex-Secretary U. S. Navy; Hon. Levi P. Morton, Ex-Vice President United States; Henry Clews; John F. Dryden, President Prudential Life Insurance Co.; John A. McCall, President New York Life Insurance Co.; J. L. Greatsinger, President Brooklyn Rapid Transit Co.; the shipbuilding firm of William Cramp & Sons, the Southern Railway system, and the Atchison, Topeka, & Santa Fe Railway Company.^[1]

Linked to the Economic Club of New York

The Economic Club was founded in 1907 by J.W. Beatson, Secretary of the National Economic League in Boston, and four business leaders from New York City. Its founders sought to follow the successful example of the Economic Clubs of Boston, Providence, Worcester, Portland, Springfield, and New Haven with the aim of bringing business people and professionals together for serious discussions of economic, social and other public issues in a non-partisan forum.[2]

The Economic Club of New York exists to this day.

Resources

• National Economic League Purpose and Plan, undated (published during the Presidency of Woodrow Wilson, 1913-21, presumably 1915 as below).
• Membership of the National Economic League, 6 Beacon Street, Boston, Mass. 1915.
• I am in sympathy with the Purpose of the National Economic League Invitation to join the National Council, presumably 1915 as above.

Notes

1. ^ Jack London, The Class Struggle, Speech first given before a Ruskin Club banquet in the Hotel Metropole on Friday, October 9, 1903.