Puck offers a large axe labeled “Repeal of Beef Tariff” to Philander C. Knox who is holding a tiny sling-shot labeled “Sherman Anti-Trust Law.” Standing in the background is a large bull labeled “Beef Trust.” Caption: Puck (to Attorney-General Knox) — You’ll never hurt that animal until they give you this ax!
comments and context
Comments and Context
Evidently the bombshell that was the anti-trust suit against the Northern Securities was not enough for Puck. It was a bombshell because the action of President Theodore Roosevelt’s Attorney General, Philander C. Knox, not only took other cabinet members by surprise, but the Wall Street titans — sometime rivals but collaborators to form this railroad monopoly — J. P. Morgan, E. H. Harriman, and James J. Hill, likewise had no inkling of the government’s suit. Morgan transmitted to Roosevelt his accustomed method of dealing with federal scrutiny: “If we have done anything wrong, send your man to my man and they can fix it up.” But Roosevelt wanted the backroom methods, and not the mere combination of the Northern Pacific; Great Northern; and Chicago, Burlington, and Quincy railroads, “fixed.” The suit to dissolve the trust was settled in the government’s favor in 1904, but this cartoon by Joseph Keppler, Jr., appeared only two months after Knox filed the Great Northern suit. Puck wanted the government to continue its serious trust-busting with hardly a delay.