The times and democrat. [volume] (Orangeburg, S.C.) 1881-current, 1911-02-23
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Grabbing*the Magazines.

Grabbing the Magazines. e
8 There seems to be no doubt but
that Wall street interests are maxi
ing an effort to gobble up the mag
azines of the country and thus con-
troll the character OF the matter adj
mitted to their columns. It is said
that ]. p. Morgan is the active mem-
Der Of the trust that is trying to
bring this about. Thomas w. La
mont, newest partner Of the Morgan
arm, says. that-concern can now. die
tate the, policy Of periodicals with q
Of 5000, 900.
Lamont controls the, Crowesl Pub
fishing company, which markets the
Woman's Home Companion, the
Farm and Fireslde and which recent
" secured possession of the Amerl
can Magazine. Lamont's two most
Important asst stants in the Crowell
concern. says the New York Press,
are George r.. Hazen. president, and
Joseph P. Knapp of the Americas
Iiithographic company, who is a di-
rector of the Associated Sunday Mag
azines. This periodical has a circu-
lation OF more than 100000.
The Press states that the Curtis
OF Philadelphia, the Nc
CIure publications, Hamptons, John
periodicals, Robert J.
Collier and Condenat's magazine will
not enter the combination. Thomas
F. Ryan also Is to be a potent factor
In the periodical literature field mo-
nopo1y, If rumors In the financial
world are to be given credence.
These people control many OF the
largest newspapers in the country,
and they now want to control the
z Benjamin B. Hampton, maga-
zine publisher, says that there are
only three magazines that are not
controlled by Wall Street. He says
his publication Is one Of them and
has been subject to constant pressure
to force him to change his policy.
First, he says. this took the form OF
q withdrawal Of advertising. Then
we were notified that If we printed
an article relative to certain great
the president Of that cor
poratfon would make trouble with
our stockholders. Within a month
various magazines: and newspapers
and news bureaus began to attack
our story.
Hampton then makes this specific
charge: "W1, were advised that no
bank with Wall Street connections
would have anything to do with this
so long as 1t remained
under its present management Also
stockholders advised us they had
been approached, apparently by
agents of Wall Street brokerage
houses, who endeavored to secure
their proxies to vote at the meeting.
The current issue Of Hampton's Nag
azine Is being held up because 1t con-
tdins an article that ! offended the
Oil. The Union News COM
pany has ordered its agents not to
sell it and on February 20 the copies
will be returned unsold.
The Commoner says 1t Is beginning
10 dawn upon a great many people
that the proposed increase In mag
azine postage does not relate entirely
TO desire to wipe out the postoflce
deficit. Many newspaper men and
others who are in a position to place
proper value upon organized mo7e-
nents believe that the real motive
behind this effort may be found In
he Systems purpose to crush. every
element that proves to be an OBJ
;truction in the SYSTEMS" pathway.
t is believed by many that the threat
If higher postage IS being agitated
o make the magazines sell out to
he Morgan trust. G
The magazines have done much to.
awaken the American people to the.
great danger confronting them. Some.
If the magazines are. to be sure;
lnder the SYSTEMS control, but tbs
made by others Of these
periodicals showing the methods
the trust system has plum
lered and abused the American peo-
Die have educated thoughtless men
and women, and have impressed
upon the public generally the neces-
,ity on the citizens part for serious
thought and effective action. That 10
why the system wants them silenced
IN that score. The surprising part Is
hat the postofflce department would
end hand in helping the trust TO
carry out their designs on tho inde-
mapazinaS