COPYRIGHT, 1909, BY THE REGENTS OF THE UNIVERSITY OF CALIFORNIA
ALL RIGHTS RESERVED
Published December 1909
BARBARA WEINSTOCK
LECTURES ON THE MORALS OF TRADE
This series will contain essays by representative scholars and men of affairs dealing with the various phases of the moral law in its bearing on business life under the new economic order, first delivered at the University of California on the Weinstock foundation.
COMMERCIALISM AND JOURNALISM
In the United States of America, public opinion prevails. It is an axiom of the old political economy, as well as of the new sociology, that no man, or set of men, may with impunity defy public opinion; no law can be enforced contrary to its behests; and even life itself is scarcely worth living without its approbation. Public opinion is the ultimate force that controls the destiny of our democracy.
By common consent we editors are called the "moulders of public opinion." Writing in our easy chairs or making suave speeches over the walnuts and wine, we take scrupulous care to expatiate on this phase of our function. But the real question is: who "moulds" us? for assuredly the hand that moulds the editor moulds the world.