But Mr. Brandeis stops his story too soon; he ought to show us some of the wider ramifications of these directorates. He ought to picture Mr. Morgan (or a partner) falling ill, and being treated in St. Luke’s Hospital, in which Mr. Morgan (or a partner) is a trustee, and by a physician who is also a trustee, and who was educated in the College of Physicians and Surgeons, of which Mr. Morgan (or a partner) is a trustee. He ought to picture Mr. Morgan dying, and being buried from Trinity Church, in which several of his partners are vestrymen, and having his funeral oration preached by a bishop who is a stockholder in his bank, and reported in newspapers whose bonds repose in his vaults. Mr. Brandeis might say about all these persons and institutions just what he says about the Steel Corporation and the General Electric Company and the Western Union Telegraph Company and the Baldwin Locomotive Works—they all patronize one another and they all deposit their funds with J. P. Morgan and Company. Men die, but the plutocracy is immortal; and it is necessary that fresh generations should be trained to its service. Therefore the interlocking directorate has need of an educational system, and has provided it complete. There is a great university, of which Mr. Morgan was all his active life a trustee, also his son-in-law and one or two of his attorneys and several of his bankers. The president of this university is a director in one of Mr. Morgan’s life insurance companies, and is interlocked with Mr. Morgan’s bishop, and Mr. Morgan’s physician, and Mr. Morgan’s newspaper. If the president of the university writes a book, telling the American people to be good and humble servants of the plutocracy, this book may be published by a concern in which Mr. Morgan (or a partner) is a director, and the paper may be bought from the International Paper Company, in which Mr. Morgan has a director through the Guaranty Trust Company. If you visit the town where the paper is made, you will find that the president of the school board is a director in the local bank, which deposits its funds with the Guaranty Trust Company at a low rate of interest, to be reloaned by Mr. Morgan at a high rate of interest. The superintendent of the schools will be a graduate of Mr. Morgan’s university, and will have been recommended to the school board president by Mr. Morgan’s dean of education. Both the board and president and the school superintendent will insure their lives in the company of which Mr. Morgan’s university president is a director; and the school books selected in that town will be published by a concern in which Mr. Morgan (or a partner) is a director, and they will be written by Mr. Morgan’s university’s dean of education, and they will be praised in the journal of education founded by Mr. Morgan’s university president; also they will be praised by Mr. Morgan’s newspaper and magazine editors. The superintendent of schools will give