that stands without hitching, and travels without a whip. But emergencies arise, a fork in the road, a sudden turn, a race with another vehicle; and then a driver is needed—and perhaps also a whip! I showed you Mr. Ochs pulling the "Metropolis" story off the front page of the "New York Times" at one o'clock in the morning. Every Hearst editor has stories to tell of one-o'clock-in-the-morning visits from the owner, resulting in the whole policy of the paper being shifted. And where the owner is owned, maybe somebody will call him up and lay down the law; maybe an agent will be set to keep watch over his doings, and to become the real master of his paper. I could name more than one famous editor and publisher who has been thus turned out of his job, and remains nothing but a name.
For great "interests" have a way of being wide-awake even at the late hour when the forms of newspapers close; they have a way of knowing what they want, and of getting it. "I am a great clamorer for dividends," testified old Rockefeller; and imagine, if you can, a publishing enterprise controlled by old Rockefeller—how closely the policy of that enterprise would be attended to! Imagine, if you can, one controlled by Pierpont Morgan!
It happens that I can tell you about one of these latter. The story has to do with one of the most famous publishing-houses in America, a house which is a national institution, known to every literate person—the ancient house of "Harper's," which now has the misfortune to have an eight hundred thousand dollar mortgage reposing in the vaults of J. P. Morgan & Company. Would you think me absurd if I should state that the publishing-business of Harper & Bros. is managed to the minutest detail by this mortgage?
First, recall to mind "The Money-changers," a novel dealing with the causes of the 1907 panic. The "villain" of this novel is a certain "Dan Waterman," a great financier who dominates the life of Wall Street, and who in his relations to women is an old wild boar. The veil of fiction was thin, and was meant to be. Every one who knew the great Metropolis of Mammon would recognize Pierpont Morgan, the elder, and would know that the picture was true both in detail and in spirit. Naturally old "J. P." himself would be furious, and his hired partisans would be looking for a chance to punish his assailant.
