The kind of anti-trust legislation that is needed
An angry Uncle Sam holds up a lantern labeled “Congressional Legislation” to illuminate a rotund man wearing a crown labeled “Trusts” and a robe decorated with dollar signs. The man has a ring with many keys hanging from a cord around his waist, and he is sitting on a stack of books that are labeled “Day Book, Ledger, Entry Book, Stock Book, [and] Cash Book.” He has his right hand on an open book. All the books are locked with padlocks. Caption: Uncle Sam — You’re a powerful big man, and you have your uses. But if you’re honest why do you hide in the dark? – Open up those books!
Comments and Context
Pughe’s cartoon is on a theme that often had been visited by cartoonists and editorial writers for decades in criticism of the trusts and monopolies: publicity. Reformers knew that the glare of public scrutiny would accelerate the demise, or at least the more onerous practices, of rapacious business combinations. The seeds planted by critics bore fruit in the century’s first decade from new unlikely sources — the presidency, under Theodore Roosevelt, and the “Muckrakers” (by coincidence, Roosevelt’s term) who, in print of both fiction and exposes, eviscerated the corruption and venality of monopolists.