December 04, 2014
History Doesn’t Just Rhyme…

…it actually does repeat itself. This is from Henry George, Jr.’s The Menace of Privilege, subtitled “A Study of the Dangers to the Republic from the Existence of a Favored Class.” It was published in 1905.

There would, perhaps, be little need for the creating of corporations were it not for the granting of privileges. But artificial persons, which have more powers than natural persons and life-everlasting, are far better suited than natural persons to take care of privileges — to fight for their continuation and extension. As a consequence, it has now become almost an invariable rule either to form artificial persons under the general corporation laws to receive from Government the special grants of power; or else such privileges, being granted to natural persons, are at once turned over to corporations or artificial persons. And these artificial persons possessing Government grants, are the most active and most potent of all persons in politics.

The very significant aspect of the Presidential contest of 1904 was the charge by the opponents against the managers of each of the two great parties of receiving campaign contributions from the large privilege-possessing corporations. More significant still was the common belief that the charge was true, the partisan view being that, while the opposing candidate would of necessity be contaminated by such money, their own candidate was too upright and too strong to be swerved in the least from principle, affected in the least for evil. Yet Presidents are but men, subject to men’s strengths and weaknesses. And just as Mr. Buchanan was most complacent in the face of the growing aggressiveness of the slave power which seated him and supported him in the Presidency, so monopoly powers might reasonably expect at least protection from a Chief Executive which their money and their efforts materially contributed toward seating in the White House…

In April, 1904, Mr. William Bourke Cockran of New York, on the floor of the House of Representatives, repeated in an insinuating way a newspaper story that the election of 1896 — the campaign that was won for “honest money” — was bought. Mr. Cockran named $16,000,000 as the sum which was said to be paid…

If it should mean protection and profit, what would $16,000,000 mean to a syndicate such as, under Mr. Morgan’s guidance, cleared $100,000,000 within the space of a few months in underwriting and manipulating steel stock? The sum of $16,000,000 would be only one item in the expense account of railroad combinations whose annual gross revenue is $2,000,000,000. Have not the tariff-engendered monopolies first and last put many times $16,000,000 into Presidential, Senatorial and Congressional elections, to the end of shutting out competition and thereby conducting a systematic robbery of the people at large?


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Posted by Jerome Doolittle at December 04, 2014 02:06 PM
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But it only repeats to those paying attention.

All would be well advised to brush up on Mr Morgan's association with the Warburgs, Rothschilds, the international bankers and all else in contravention of the Founders' intent.

Not to mention The Constitution.

Posted by: Ten Bears on December 4, 2014 3:19 PM

Problem is, the average attention span has become very

Posted by: Peter on December 9, 2014 7:25 AM
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