Art, Wealth, and Riches - The Relations of Art to Labour

I think the following question is an important one: Which shall art belong to, wealth or riches? Whose servant shall she be? or rather, Shall she be the slave of riches, or the friend and helpmate of wealth? Indeed, if I put the question in another form, and ask: Is art to be limited to a narrow class who only care for it in a very languid way, or is it to be the solace and pleasure of the whole people? the question finally comes to this: Are we to have art or the pretence of art? It is like enough that to many or even most of you the question will seem of no practical importance.
To most people the present condition of art does seem in the main to be the only condition it could exist in among cultivated people, and they are content with its present aims and tendencies. For myself, I am so discontented with the present conditions of art, and the matter seems to me so serious, that I am forced to try to make other people share my discontent, and am this evening risking the committal of a breach of good manners by standing before you, grievance in hand, on an occasion like this, when everybody present, I feel sure, is full of goodwill both towards the arts and towards the public.
My only excuse is my belief in the sincerity of your wish to know any serious views that can be taken of a matter so important. So I will say that the question I have asked, whether art is to be the helpmate of wealth or the slave of riches, is of great practical import, if indeed art is important to the human race, which I suppose no one here will gainsay...