The great university stops at nothing, however small: “five and ten cent stores,” and the Park and Tilford Grocery Company, and the Liggett and Myers Tobacco Company. I have on my desk a letter from a woman, telling me how the Standard Oil Company has been dispossessing homesteaders from the oil lands of California; Columbia University is profiting by these robberies, because it owns $25,000 worth of the gold debenture bonds of the Standard Oil Company of California. Recently I met a pitiful human wreck who had given all but his life to the Bethlehem Steel Company; Columbia University took a part of this man’s health and happiness. Crossing the desert on my way home, in the baking heat of summer I saw far out in the barren mountains a huge copper smelter, vomiting clouds of yellow smoke into the air. We in the Pullman sat in our shirt-sleeves, with electric fans playing and white-clad waiters bringing us cool drinks, but even so, we suffered from the heat; yet, out there in those lonely wastes men toil in front of furnace fires, and when they drop they are turned to mummies in the baking sand and their names are not recorded. Not a thought of them came into the minds of the passengers in the transcontinental train; and, needless to say, no thought of them troubles the minds of the thirty thousand seekers of the higher learning who flock to Columbia University every year. With serene consciences these young people cultivate the graces of life, upon the income of $49,000 worth of stock in the American Smelters Securities Company. This University of the House of Morgan is run by a board of trustees. Under the law these trustees are the absolute sovereign, the administrators of the property, responsible to no one. They cannot be removed, no matter what they do, and they are self-perpetuating, they appoint their own successors. Their charter, be it noted, is a contract with the state, and can never be altered or revised. Such was the decision of the United States Supreme Court in the Dartmouth case, way back in 1819.