Postal service -- United States -- Second-class matter
Under the provisions of the International Postal Convention,
newspapers and periodicals are mailed by all the signatory
parties at the uniform rate of 1 cent for each 2 ounces or
fraction thereof--practically, 8 cents per pound.
Postmaster General Hitchcock in his letter, submitted under date of
February 14, 1911, quotes some publisher (name not mentioned), as saying
that “magazine publishers receive _gross_ incomes as high as $6,000,000
in a single year” … “that one of them, according to his own statement,
realizes a net profit of $1,000,000 annually” … another, “the principal
owner of two great magazines, says that his _gross_ income is more than
$6,000,000 a year;” of another “that his magazine yields more than 10%
profit on a capitalization of $10,000,000,” etc., etc.
Beyond stating that the foregoing declarations were made by the
“President of one of the leading magazine publishing companies of New
York city,” Mr. Hitchcock sayeth not, save as he quotes (see seventh
paragraph of the Hitchcock letter), this President as saying what Mr.
Hitchcock says he said. The Postmaster General does not name this
“President.”
Regretting this oversight of our Postmaster General very much, I would
like to know whether or not this “President” is the real, genuine
article of president, or is merely one of these “phoney” presidents who
laboriously support the honors of the corporate title and vote three
shares of stock, usually _given_ by the promoters of an organization for
the “influence” of an honored name in starting the wheels to revolve.
I mean by this that it would be _information_ to thousands of Mr.
Hitchcock’s readers, as well as to thousands of publishers and printers,
_and numerous millions of American citizens_, had he, Mr. Hitchcock,
told them whether this “President” he quotes so liberally, likewise
confidently and confidingly, is a real, live-wire president, active in
the management of his periodical, and, therefore, fully informed as to
its business, expenditures, profits, etc., etc., or, on the other hand,
whether or not he is merely a corporation stool-bird for the promotion of
a publication enterprise through selling the stock of the concern to the
E. Z.-Mark investing public.
The quotations which our Postmaster General makes from this publisher
“President” sound to me with quite a familiar _tang_. They read a
good bit like a promotion circular, like an “annual statement” which
corporations and companies as well as individuals print and distribute
to call attention to the prosperous _future_ they have in sight,
incidentally inviting _investment_ from savings banks accounts, stocking
hoardings, etc.
Public-domain text, read in full here on John Shaqi.
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