“My husband is a poor man,” said M. C. S.

Whereat the girl-friend laughed at her. “I know better,” said she.

“But it’s true,” said M. C. S. “He has no money at all; he never had any.”

“Well,” said the other, skeptically, “then what are the papers all the time talking about him for?”

A large part of what is called “conservatism” in our Journalism is this instinctive reverence for wealth, as deeply rooted in every American as respect for a duke in an English butler. So the average American newspaper editor is a horse 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.

Very well. Five years passed, and I was editing an anthology of revolutionary literature. I was quoting authors from Homer to H. G. Wells, several hundred in all, and as part of the routine of the job, I addressed a long list of authors and publishing-houses, requesting permission to quote brief extracts from copyrighted books, due credit of course to be given. Such quotations are a valuable advertisement for any book, the more valuable because they are permanent; the request is a matter of form, and its granting a matter of course. It proved to be such in the case of all publishing-houses both in America and in England—all save one, the house of the eight hundred thousand dollar mortgage! This house informed me that no book of mine might contain a line from any book published by them. My reputation was such that I would injure the value of any book which I quoted!

I am interested in this capitalistic world, and try to find out as much about it as I can. So I took the trouble to visit the dingy old building in Franklin Square, and to interview the up-to-date gentleman who had rendered this unexpected decision. He was perfectly polite, and I was the same. I pointed out to him that some of the authors—“his” authors—were personal friends of mine, and that they themselves desired to be quoted in my anthology. Mr. Charles Rann Kennedy, for example, was a Socialist. Mr. William Dean Howells was one of Harper’s own editors; he was in that very office, and I had in my hand a letter from him, giving cordial consent to the publication of two passages from “A Traveller from Altruria”! Also Mr. H. G. Wells, an English Socialist, who had honored me with his friendship, had published “When the Sleeper Wakes” through “Harper’s,” and now requested that I be permitted to quote from this book in my anthology. Also Mark Twain had honored me with his friendship; he had visited my home in Bermuda, and had expressed appreciation of my writings. He was no longer where I could consult him in the matter, but I offered evidence to Messrs. Harper & Bros. proving that he had not regarded me as a social outcast. But no matter; the decision stood.