Reply #6: Lincoln Steffens, famous for exposing the corruptions of government [View All]

[bleever]

and corporations, wrote of an encounter with James B. Dill, who was architect of a series of laws in New Jersey that allowed and promoted the system of corporate trusts later busted by legislation in Theodore Roosevelt's administration. Dill described the necessity of putting low-level clerks in the position of being "dummy" directors in the 1890's this way:

"Wall Street is young. England has her nobility and old families and decaying rich houses to choose her 'guinea pigs' from; we have to wait for the sons of our rich old families to grow up and be college bred to take orders, punishment, and ask no questions."

This president represents the maturation of the farm system for such 'guinea pigs'. His 'leadership' is brilliantly displayed for what it truly is by this superbly well-thought and -written post.