The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1911-03-03
Wall Street Ia'f Crit
iCiSms SubsidiZiEg the Press.
Crit

Alarmed at the growing independ
ence of certain magazines which hay'
built up large Calculations Il uring thu
last few years by their arraignmen
of its venalities, Wall street has uu
dersaken to control the various agen
cies through which criticism OF higl
fuancierS secures It's widest distribu
ton.
With q fluid Of many millions ap
propriated for the purpose, it essays
to carry out the ambitious suggestion
OF former Congressman Joseph r.
Sibley OF Pennsylvania, who, in a
letter to John d. Archbold, vice.
president OF the Standard Oil com.
pany, read by William Randolph
Hearst during the presidential cam
paign OF 1908, proposed that control
OF the principal news agencies of the
country be acquired so as to shut off
the dissemination of Intelligence in
lmlcal to those whose revenues are
contingent upon the unimpaired coz.
tidence of the American people. Wall
street already controls the paper
trust, and this week strengthened its
grip upon national publishers BY get
ting u pred0minating Influence in the
largest periodical distributing agency
in the United States, through which
200, 900, 900 copies of various publica-
tons are annually placed with 10000
different newsdealers between the AT.
lantic and Pacific seaboards. The
stragetic advantage to the money
trust of this last conquest will be of
tremendous value to it, enabling it,
when it so elects, to decline to dis
tribute hostile literature.
Pursuant to the elaborate "educa.
tlonal' campaign upon which it has
embarked, ''the interests" within the
last six weeks, have bought outright
Of the most widely circulated
Of the popular magazines. In place
Of the philippe on the abuse of cor.
privilege, we are in future
% have subtly written endorsements
II those practices of Wall street
which have proved the most vulner. {
lble objects of attack by its critics
nd have helped to discredit it the {
ountry oyer. A feature of each pub. t
lcation it controls will be a "tinan. |
ial department.. AS part of the @
arefully outlined plans of the trust. c
lanV of the magazines which are y
ponsored by 1.-THE Street" have 6
lready inaugurated this department. t
which investors are authoritative,y
dYised to place their money In en-. "
rprises that are approved mediums t,
II exploitation in Wall street and t,
armed against investments that do e
Ut lend themselves to its necessities. Il
In its cherished ambition to sup v
'ess honest criticism of its short.
innings and act as censor of what Is X
inted Wall street must ultimately 6
ii. However firmly it may fasten y,
grip on the sources of information h.
which the public look for enlight. kf
ment and the untrammeled expires. A
ID OF opinion, it will meyer succeed &c
blindfolding the discriminating r.,
ader with its sophistries and soft. Ar
aped metaphor. For every cham.
IN OF popular opinion it succeeds
substituting there will come forward ~
new one to voice the sentiment of
use who regard injustice, in what.
'r guise it may masquerade, as
riting public condemnation. There In
! be o forum for the discussion of F'r
oular grievances as long as the
rid lasts. Wall street might as
| try to check the ocean tides or He
smpt to arrest the revolution of Fee
solar bodies, as try to harness vii
opinion OF free people and make res
uppliant to its needs. To-
70 Bono Publico will have his saw Sta
il Gabriel blows his horn and the on
OF US is called home to roost. g
OR sALE:-One 7-foot John the