Watson's Magazine, Vol. IV, No. 1, March, 1906Various
General
Watson's Magazine, Vol. IV, No. 1, March, 1906
Various
United States -- Politics and government -- Periodicals
* * * * *
SAVANNAH, GA., December 18, 1905.
_Hon. Thomas E. Watson._
DEAR SIR: I have been a constant reader of your eminent
Magazine from the first issue and have become converted to your
Populist principles of which I will stand by as long as I have
the liberty of voting.
Tonight we have organized a club in the city of Savannah, Ga.,
principally of working men, so that we might study politics,
and thoroughly understand how to cast our ballot intelligently,
and for the best of our interest; we think the day is fast
approaching when if the workingman doesn’t wake up and take
hold of the reins of government, he will find in the near
future that his liberties have flown never to be regained. My
object in writing to you is for information in your Educational
Department. How would you advise as to the most intelligent way
to do this?
They don’t seem to understand how to get together, and I
believe you can give us the desired information.
Respectfully,
⸺ ⸺.
ANSWER
I would advise the reading, by the members of the club, of such books as
the following: “Politics in New Zealand,” “Poverty,” by Robert Hunter;
“The Menace of Privilege,” by Henry George; “Letters and Addresses of
Thomas Jefferson,” recently published by The Unit Book Publishing Co.,
New York, “Bossism and Monopoly,” by Spelling.
These books will not cost a great deal, and they will give you a very
complete survey of our political and economic condition.
* * * * *
WASHINGTON, D. C., January 17, 1906.
_Hon. Thomas E. Watson, New York._
DEAR SIR: As you will notice in the wording of the question
printed above, which we shall debate with the University of
Cincinnati, the entire discussion will probably hinge on the
term “Capitalistic combinations called trusts.”
In order to get the consensus of authoritative opinion as to
what capitalistic combinations are called trusts by those
who are most competent to use the term intelligently, we are
taking the liberty of asking the editors of a dozen of the most
prominent monthlies, weeklies and dailies in the United States
to give us their definition of this term.
Will you, therefore, be kind enough to sacrifice enough of your
time to state briefly what capitalistic combinations, in your
opinion, should be called trusts.
Very respectfully,
⸺ ⸺.
ANSWER
My conception of a Trust is: A combination of individual or corporate
capital which practically establishes such a monopoly that it can control
the output, dictate the price, and crush competition.
* * * * *
Public-domain text, read in full here on John Shaqi.
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