And before I finished with the National Industrial Bank, I had shown that it and several similar institutions in the big cities throughout the country were, in fact, so many dens to which rich and poor were lured for spoliation. I then took up the Universal Life, as a type. I showed how insuring was, with the companies controlled by the bandits, simply the decoy; that the real object was the same as the real object of the big bandit banks. When I had finished my series on the Universal Life I had named and pilloried Roebuck, Langdon, Melville, Wainwright, Updegraff, Van Steen, Epstein—the seven men of enormous wealth, leaders of the seven cliques that had the political and industrial United States at their mercy, and were plucking the people through an ever-increasing army of agents. The agents kept some of the feathers—“The Seven” could afford to pay liberally. But the bulk of the feather crop was passed on to “The Seven.”
I shall answer in a paragraph the principal charges that were made against me. They say I bribed employees on the telegraph companies, and so got possession of incriminating telegrams that had been sent by “The Seven” in the course of their worst campaigns. I admit the charge. They say I bribed some of their confidential men to give me transcripts and photographs of secret ledgers and reports. I admit the charge. They say I bought translations of stenographic notes taken by eavesdroppers on certain important secret meetings. I admit the charge. But what was the chief element in my success in thus getting proofs of their crimes? Not the bribery, but the hatred that all the servants of such men have for them. I tempted no one to betray them. Every item, of information I got was offered to me. And I shall add these facts:
First, in not a single case did they suspect and discharge the “guilty” persons.
Second, I have to-day as good means of access to their secrets as I ever had—and, if they discharged all who now serve them, I should be able soon to reestablish my lines; men of their stripe can not hope to be served faithfully.
Third, I had offers from all but three of “The Seven” to “peach” on the others in return for immunity. There may be honor among some thieves, but not among “respectable” thieves. Hypocrisy and honor will be found in the same character when the sun shines at night—not before.
It was the sardonic humor of fate that Langdon, for all his desire to keep out of my way, should have compelled me to center my fire upon him; that I, who wished to spare him, if possible, should have been compelled to make of him my first “awful example.”
I had decided to concentrate upon Roebuck, because he was the richest and most powerful of “The Seven.” For, in my pictures of the three main phases of “finance”—the industrial, the life-insurance and the banking—he, as arch plotter in every kind of respectable skulduggery, was necessarily in the foreground. My original intention was to demolish the Power Trust—or, at least, to compel him to buy back all of its stock which he had worked off on the public. I had collected many interesting facts about it, facts typical of the conditions that “finance” has established in so many of our industries.
For instance, I was prepared to show that the actual earnings of the Power Trust were two and a half times what its reports to stock-holders alleged; that the concealed profits were diverted into the pockets of Roebuck, his sons, eleven other relatives and four of “The Seven,” the lion's share going, of course, to the lion. Like almost all the great industrial enterprises, too strong for the law and too remote for the supervision of their stock-holders, it gathered in enormous revenues to disburse them chiefly in salaries and commissions and rake-offs on contracts to favorites. I had proof that in one year it had “written off” twelve millions of profit and loss, ten millions of which had found its way to Roebuck's pocket. That pocket! That “treasury of the Lord”!
Dishonest? Roebuck and most of the other leaders of the various gangs, comprising, with all their ramifications, the principal figures in religious, philanthropic, fashionable society, did not for an instant think their doings dishonest. They had no sense of trusteeship for this money intrusted to them as captains of industry bankers, life-insurance directors. They felt that it was theirs to do with as they pleased.