It is inevitable that this headquarters of our plutocratic empire should be also the headquarters of our plutocratic education. The interlocking directors could not discommode themselves by taking long journeys; therefore they selected themselves a spacious site on Morningside Heights, and there stands the palatial University of the House of Morgan, which sets the standard for the higher education of America. Other universities, we shall find, vary from the ideal; there are some which have old traditions, there are others which permit modern eccentricities; but in Columbia you have plutocracy, perfect, complete and final, and as I shall presently show, the rest of America’s educational system comes more and more to be modeled upon it. Columbia’s educational experts take charge of the school and college systems of the country, and the production of plutocratic ideas becomes an industry as thoroughly established, as completely systematized and standardized as the production of automobiles or sausages. Needless to say, the University of the House of Morgan is completely provided with funds; its resources are estimated at over seventy-five million dollars and its annual income is over seven million. A considerable part of its endowment is invested in stocks and bonds, under the supervision of the interlocking directors. I have a typewritten list of these holdings, which occupies more than twenty pages, and includes practically all the important railroads and industrial corporations in the United States. Whoever you are, and wherever you live in America, you cannot spend a day, you can hardly spend an hour of your life, without paying tribute to Columbia University. In order to collect the material for this book I took a journey of seven thousand miles, and traveled on fourteen railroads. I observe that every one of these railroads is included in the lists, so on every mile of my journey I was helping to build up the Columbia machine. I helped to build it up when I lit the gas in my lodging-house room in New York; for Columbia University owns $58,000 worth of New York Gas and Electric Light, Heat and Power Company’s 4 per cent bonds; I helped to build it up when I telephoned my friends to make engagements, for Columbia University owns $50,000 worth of the New York Telephone Company’s 4½ per cent bonds; I helped to build it up when I took a spoonful of sugar with my breakfast, for Columbia University owns some shares in the American Sugar Refining Company, and also in the Cuba Cane Sugar Corporation.