A new compromise was made between the government and the thieves who were too big to be prosecuted, and the stealing went on. Now, as I work over this book, the President takes the railroads for war use, and reads to Congress a message proposing that the securities based upon the New Haven swindles, together with all the mass of other railroad swindles, shall be sanctified and secured by dividends paid out of the Public purse. New Haven securities take a big jump; and the "Outlook", needless to say, is enthusiastic for the President's policy. Here is a chance for the big thieves to baptize themselves--or shall we say to have the water in their stocks made "holy"? Says our pious editor, for the government to take property without full compensation "would be contrary to the whole spirit of America." The Outlook for Graft Anyone familiar with the magazine world will understand that such crooked work as this, continued over a long period, is not done for nothing. Any magazine writer would know, the instant he saw the Baxter article, that Baxter was paid by the New Haven, and that the "Outlook" also was paid by the New Haven. Generally he has no way of proving such facts, and has to sit in silence; but when his board bill falls due and his landlady is persistent, he experiences a direct and earnest hatred of the crooks of journalism who thrive at his expense. If he is a Socialist, he looks forward to the day when he may sit on a Publications' Graft Commission, with access to all magazine books which have not yet been burned! In the case of the New Haven, we know a part of the price--thanks to the labors of the Interstate Commerce Commission. Needless to say, you will not find the facts recorded in the columns of the Outlook; you might have read it line by line from the palmy days of Mellen to our own, and you would have got no hint of what the Commission revealed about magazine and newspaper graft. Nor would you have got much more from the great metropolitan dailies, which systematically "played down" the expose, omitting all the really damaging details. You would have to go to the reports of the Commission--or to the files of "Pearson's Magazine", which is out of print and not found in libraries!