Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-04-13
SOCIALISTS Of
ATLANTA HAIL
MORGAN AS AID
Declare Financier, by Forming
Trusts, Proved Public Owner
ship Theory Practicable.

Atlanta Socialists declare J. Pier
pont Morgan was the greatest of all
Socialists because
His idea Of trust-the putting
of an industry under one man
sgenent-was Identical with the
idea of Socialism.
He demonstrated the superiori-
ty of combination over competi-
ton.
He built up and centralized the
country's industries to such an
extent that it would be easy for
the people to take them over.
j. Pierpont Morgan, late financial
king of America, will be honored to-
day as the worlds greatest Socialist.
Atlanta disciples of Karl Marx at
a meeting to open at $3.50 this after
noon in the Labor Temple. win pay
tribute to the dead master of mil
lions as the man who paved the way
for the people to take over the great
industries of the United States.
Those who take part in the unique
memorial will witness the astonish-
ing spectacle of Socialists-whom he
despised and fought-actually prais-
ing the former head Of the Money
Trust.
His success in stamping out com
petition and perfecting his gigantic
financial organizations will be hailed
as proof that Socialism-ideal mo-
nopoly-is practicable. not theoretical
Two addresses, dealing with the life
and work of the dead money king, will
be delivered by H. c. Henderson, So
cialist candidate for Mayor Of Atlanta
last fall, and Al Schwartz. These
addresses win be eulogies Of Morgan
in the sense that he will be praised
for his work in bringing financial ana
commercial combinations to that
stage where the people can take them
over without any trouble.
Henderson Sings His Praise.
Morgan was one OF the greatest
| friends Socialism has ever had" de-
clared Henderson last night. though
he didn't know it. He was bitterly
opposed to our ideas and fought US
in every possible way. but he die
more for the principles Of Socialism
| than can be estimated BY the or.
ganization Of his trusts and the form.
ing of his combines, he has proven
that combination is essential to com,
mercial and financial success.
The other great apitalists-Johr
ID. Rockefeller. An rev Carnegie ant
the rest-are also helping Socialism
every time they form a trust They
will add to the power and influenc,
Of their combinations until they hav,
| gained control Of all the sources %
| production and distribution. Then 4
will become necessary for the Gov.
eminent to take them over. and tina
win mean Socialism. for Socialism
means nothing more nor less than
/ public ownership. "
Socialism is not reform move
ment, but a class struggle. and what
ever intensiiies the class struggle vii
help Socialism. Morgan intensine,
the struggle every time he formed
new financial or commercial combina
| ton.
Says Socialists Are Grateful.
The more trusts there are an,
the more concentrated business be
comes. the quicker will Socialism b.
adopted. As Bernard Shaw says. so
cialism viii come in spite of the So
cialists, and it is the great nnan
ciers and trust builders who vii
bring it, and Socialists therefore ar
grateful to them"
V. W. Grant. prominent Socialis,
said:
Morgan was the greatest Socialis
in the world and didn't know it. HI
idea of "A trust. or monopolv-the put
ting of an industry under one man
agement. eliminating waste and util
izing every resource was identiea
| with the idea of Socialism. His wa
a une-man monopoly mouOpul.
! win lee owned by the whole people
Morgan has assisted Socialism 3!
demonstrating the superiority of com
I binatiOu over OmretitiOu. IN TACT
he has built up the great indurrieI
10 such an extent that s. would 3,
comparative y easy for the people, oI
the Government ass it really woun
be. to take them over.
Socialism owes him great deb
He has given IL q s-rOug impetus tina
viii eventually mean the Government
I Isl. Z 10.