Dear Sir—It is not evidence of dissatisfaction with the common infirmities of the human lot that discussion of the characters of men in public office assumes the latitude of warning to society. Servility of understanding reduces the individual to prostitution of manhood. He can no longer be free, who is dependent in mind and thought. The duty of the American citizen is in the defence of his prerogative of “sovereign,” and upon this principle only may reputation in a public officer become a convertible term with character in public office. In the year 1769 “Junius” wrote fifty-four letters to the _Public Advertiser_, a daily journal of London. The publisher was indicted. “Junius” continued to write. He wrote to Sir William Draper; to the Duke of Grafton; to the Ministry; to King George himself. Who “Junius” was, none knew. The few declared his writing turbulent and revolutionary; worthless for the occasion. He held to the record. With indignant invectives he proved the government corruptions. With high disdain he declared he asked for no authority, when he had law and reason on his side, to speak the truth. With keen and pungent retort he exposed the lapse of society in the evidences of iniquity in social leaders. I would not offend by flattering him “who would not flatter Jove for his power to thunder.” But the beneficiary is ever a debtor to his benefactor. I may write with confidence where expression is due. The modest caption, “Editorials by Thomas E. Watson,” has already attained to a decisive expectancy in the public mind. In brief time the words that monthly come to us under it will shed a wider and widening light. Revived iniquities which inspired “Junius” are come for exposure. History repeats itself in facts and interpreters of facts. “Junius” in immortal energy told the people of the Gentlemen in the House of Commons, the Judges upon the Bench, the Lords, and the Dukes, and the Ministry and the King; of malfeasance in office and of decay in private virtue. The theme then is the theme now. Patrick Henry caught the spirit of “Junius”; the “Editorials by Thomas E. Watson” draw upon the glorious past to shed light upon the living day. Anxiously we await some words from you upon the most insidious consumer of free institutions—_the bonded debt of the United States_. Please answer these questions: 1. Is not the Government interest-bearing bond the true foundation of the “trust”? 2. Can the “trust” be eliminated from commerce before the government bonds are paid and extinguished? 3. As long as the bonds remain and money concentrates under their influence and protection in New York, can money so concentrated be redistributed from New York in the sources of industry and commerce by any other process than by “trust” industries process?