spend vast sums in buying congressmen, in financing electoral campaigns, and the like. Myers, an American writer, reports that in the year 1904 the great life insurance companies spent the following sums in bribes: the Mutual, $364,254; the Equitable, $172,698; the New York, $204,019. The minister for finance, McAdoo, Wilson’s son-in-law, is one of the leading bank and trust magnates. Senators, ministers of State, congressmen, are merely the henchmen of the great trusts, unless they themselves hold large interests in these bodies. The State authority, the governmental machinery of the “free republic,” is nothing more than a workshop for the fleecing of the public.
We can therefore say that A CAPITALIST COUNTRY UNDER THE DOMINION OF FINANCIAL CAPITAL IS AS A WHOLE TRANSFORMED INTO AN IMMENSE COMBINED TRUST. AT THE HEAD OF THIS TRUST ARE THE BANKS. THE BOURGEOIS GOVERNMENT FORMS ITS EXECUTIVE COMMITTEE. The United States, Great Britain, France, Germany, etc., are nothing but State capitalist trusts, powerful organisations of trust magnates and bankers, exploiting and