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Unidentified Speaker, -
TITANS. THE DISCUSSION FOCUSING ON CORNELIUS VANDERBILT, J. P. MORGAN, JOHN D. ROCKEFELLER AND JOSEPH PULITZER. >> GOOD AFTERNOON. WELCOME TO THE TEXAS
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| 00:00:49 |
Unidentified Speaker, -
BOOK FESTIVAL. IT IS. GOOD AFTERNOON AND WELCOME TO THE TEXAS BOOK FESTIVAL CELEBRATING ITS FIFTEENTH ANNIVERSARY THIS YEAR. COMMISSION IS TO BENEFIT...
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| 00:05:04 |
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IN THE AGE OF YELLOW JOURNALISM WAS AWARDED A WASHINGTON POST BEST BOOK OF 2004. FIVE YEARS OF RESEARCH OF A LIFE IN POLITICS, PRINT AND POWER YIELDED...
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| 00:06:17 |
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THAT HAVE ALTERED OUR LIVES AND CONTINUES TO ALTER OUR LIVES TODAY. MOST OF YOU I ASSUME ARRIVED HERE IN AN OIL POWERED CAR. WE NEED TO THINK ABOUT...
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| 00:08:09 |
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RIDING AND LECTURING ABOUT AMERICAN HISTORY FOR 25 YEARS NOW AND OVER THE COURSE OF THAT TIME I CONCLUDED THERE ARE TWO PRINCIPAL INSTITUTIONS BUT ...
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| 00:11:30 |
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SEE BIOGRAPHY AS A MEETING GROUND FOR LITERATURE AND AND SCHOLARSHIP. THE WAY I DESCRIBE WHAT I DO IS I TRY TO TELL GOOD STORIES AND ASKED BIG QUESTIONS....
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| 00:15:55 |
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DEMOCRACY AND THE ROLE OF THE CORPORATION IN THAT RELATIONSHIP. STARTING WITH YOU, WHAT IS THE MODERN CORPORATION AND WHO OR WHAT CREATED IT? >> THERE...
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| 00:16:13 |
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A TIME BY STATE LEGISLATURES. GENERAL CORP. IF YOU MEET THESE CRITERIA YOU CAN INCORPORATE A COMPANY DIDN'T COME UNTIL THE NINETEENTH CENTURY. AFTER...
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| 00:18:13 |
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TWENTY-FIRST CENTURY FROM STUDYING THEIR ORIGINS IN THE NINETEENTH? >> WHAT WE LEARN ABOUT CORPORATIONS TODAY FROM STUDYING CORPORATIONS BACK
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| 00:18:23 |
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THEN? ONE OF THE INTERESTING THINGS TO ME IS HOW WHATEVER RULES THE POLITICAL SYSTEM ESTABLISHES, THE PEOPLE INTERESTED IN MAKING MONEY QUITE UNDERSTANDABLY...
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| 00:20:13 |
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WE OFTEN CARRY IN CONCEPTIONS FROM THE MODERN DAY. CORP. IS A STANDARD FORM OF BUSINESS ORGANIZATION. THAT IS THE WAY WE THINK OF IT BUT IT GOT ITS ORIGINS...
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| 00:23:39 |
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RAILING AGAINST CORPORATE ABUSES, PARTICULARLY TRUSTS AND MONOPOLIES. WHEN THEY FOUND FAVOR NOT MAKING MONEY I DISCOVERED IN THEIR FILES MEMOS WHERE...
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| 00:24:24 |
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ARE MAKING THE RULES. IT TENDS TO ATTRACT BETTER TALENT. >> FERRY TRUE. >> MOVING ON A LITTLE
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| 00:24:40 |
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BIT, HOW WOULD YOU CHARACTERIZE THE PRESS BEFORE PULITZER'S ARRIVAL IN ST. LOUIS AND HOW DOES HE TRANSFORM IT? >>
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| 00:24:47 |
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BORING. ONE OTHER THING. PULITZER IS NOT ALONE IN THIS. I DESCRIBE HIM AND THE MIDWIFE OF THE MODERN
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| 00:24:53 |
Unidentified Speaker, -
MASS MEDIA. HE IS SORT OF LIKE THERE ARE PAINTERS -- THE LEADING ONE IS PICASSO. IN THAT SENSE PULITZER IS THE LEADING CHANGER OF JOURNALISM BACK THEN....
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| 00:28:08 |
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IS A BIOGRAPHY ESSENTIALLY BEGINS NOT WITH A PORTRAIT IN YOUR BOOK BUT WITH A MASK. WHAT I AM WONDERING IS WHAT DOES CORNELIUS VANDERBILT'S LIFE TELL...
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| 00:28:31 |
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TRANSPORTATION. WAS BECAUSE TRANSPORTATION WAS THE GREAT CHALLENGE OF THE NINETEENTH CENTURY UNITED STATES. THE UNITED STATES WAS A VAST LANDSCAPE....
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| 00:33:39 |
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LARGE CORPORATIONS IN AMERICAN
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| 00:33:41 |
Unidentified Speaker, -
HISTORY AND IT IS RAILROADS THAT FORCE THE MODERN NOTIONS OF MANAGEMENT. CORPORATION OR BUSINESSES BEFORE THE RAILROADS CAME ALONG, EVEN LARGE BUSINESSES...
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| 00:36:56 |
Unidentified Speaker, -
OF WHAT CAPITALISM IS DOING IN THE NINETEENTH CENTURY. YOU HAVE
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| 00:36:59 |
Unidentified Speaker, -
PEOPLE MAKING UNDER OF AMOUNTS OF MONEY AND RISING LIVING STANDARDS. CAPITALISM WAS DELIVERING THE GOODS IN AN INCREASINGLY CHEAPER MANNER. THE NEWSPAPER...
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| 00:38:39 |
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A SUDDEN THEY HAD TO COMPETE WITH SHIPPING AND RAILROADS WITH ALL THE GRAIN OF THE WEST. THOSE NEW ENGLANDERS GOT UP AND LEFT. GLOBALIZATION IS SOMETHING...
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| 00:39:11 |
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VANDERBILT IN MY BOOK, I REALLY SET OUT TO OF LLOYD
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| 00:39:15 |
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TEACHING YOU A LESSON ABOUT TODAY'S ECONOMY OR VALUES. I AM VERY INTERESTED IN CURRENT EVENTS AND THAT FORMED MY INTEREST BUT I REALLY TRY TO TALK...
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| 00:42:30 |
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QUESTION? >> I AGREE WITH YOU. I NEVER LOVED JOSEPH PULITZER. BUT AN ESSENTIAL INGREDIENT TO
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| 00:42:39 |
Unidentified Speaker, -
WRITING A BIOGRAPHY PARTICULARLY WHEN YOU LIVE WITH SOMEBODY, MY WIFE DESCRIBES LIVING WITH ME AS ALWAYS THIS OTHER PERSON. MY NEXT SUBJECT INVOLVED...
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| 00:44:15 |
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UP TO THE MICROPHONE HERE. >> WHEN I THINK OF ROBBER BARONS I THINK OF NEW YORK CITY. WHY NEW YORK? WHY NOT PHILADELPHIA? WHY NOT
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| 00:44:28 |
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BOSTON? WHY DOES THIS HAPPEN IN NEW YORK CITY? >> WHO ARE YOU ASKING? >> ALL OF YOU. >> I WILL START.
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| 00:44:39 |
Unidentified Speaker, -
NEW YORK CITY WAS ACTUALLY THE SECOND
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| 00:44:43 |
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LARGEST CITY IN THE
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| 00:44:44 |
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COUNTRY UNTIL 1800. PHILADELPHIA STARTED AS A LARGEST CITY IN THE COUNTRY. NEW YORK HAD A NUMBER OF ADVANTAGES THAT WERE STRUCTURAL AND SOME OF WHICH...
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| 00:46:59 |
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NEW YORK CITY. AND SO ESPECIALLY ONCE CORPORATION, LARGE CORPORATIONS CAME TO BE DEVELOPED AND AFTER THEIR SHARES WERE BOUGHT AND SOLD THE LOCUSTS,...
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| 00:47:44 |
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QUESTION. [INAUDIBLE QUESTION] >> TO YOU SEE A WAY TO RECONCILE THE TWO SO THAT WE COULD BE FULLY REPUBLICAN AND FULLY CAPITAL IS THAT THE SAME
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| 00:48:00 |
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TIME? IS THAT DESIRABLE, AND HOW COULD THAT HAPPEN TO MACK. >> I WILL ANSWER THE QUESTION IN TWO PARTS. THIS TREE THAT THE UNITED STATES HAS NEVER BEEN...
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| 00:48:11 |
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THAT THE ORDINARY PEOPLE SHOULD EXERCISE POWER BECAME WELL ESTABLISHED BY THE END OF THE FIRST THIRD OF THE 19th CENTURY. AND IT IS TRUE THAT AT A FEDERAL...
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| 00:50:38 |
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THE WORD SOCIALISM AND REDISTRIBUTION OF INCOME. I AM CURIOUS FROM A HISTORICAL PERSPECTIVE IF YOU BELIEVE THAT WE ARE AT A CROSSROADS IS STARKLY...
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| 00:51:11 |
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FATHERS PUT FORTH THE PRINCIPLE THAT INDIVIDUALS HAVE A RIGHT, RIGHT TO USE AS MUCH OF THEIR INCOME AS THEY REQUIRE FOR THEIR MAINTENANCE AT A MODEST...
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| 00:53:04 |
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CENTURY, SPECIFICALLY VANDERBILT AND PRODUCER? AND WHY. >> THE ONLY ONE THAT IS COMPARABLE TO PULITZER, NAME RECOGNITION. A LOT
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| 00:53:18 |
Unidentified Speaker, -
OF AMERICANS KNOW THE NAME MURDOCH. IN THE SAME WAY THAT IF YOU LOOK IN THE 19th CENTURY PEOPLE PERSONALIZE THE MEDIA. THEY WOULD REFER TO PULITZER'S...
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| 00:54:28 |
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A MINOR POLITICAL AGENDA. >> OF JUST ADD ONE THING. IN THE 19th CENTURY THE ECONOMY WAS
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| 00:54:35 |
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MUCH
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| 00:54:36 |
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NARROWER. FOR EXAMPLE, VANDERBILT, WHEN VANDERBILT TOOK OVER THE NEW YORK CENTRAL RAILROAD PART OF CAPITALIZATION, A LITTLE OVER $10 MILLION. HE EVENTUALLY...
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| 00:56:29 |
Unidentified Speaker, -
GUYS DIED WITH THEIR LIVES AND FORTUNES PRETTY MUCH INTACT. EVERY ONCE IN AWHILE YOU HAVE ONE WHO GOT CAUGHT IN THE GEARS. I KNOW YOU HAVE ALL LOOKED...
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| 00:56:55 |
Unidentified Speaker, -
THE MONEY? >> THEY GET CAUGHT IN A POLITICAL MESS THAT THEY HAVE CREATED. >> MANY OF THEM GET CAUGHT IN THE POLITICAL
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| 00:57:03 |
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MESS AT SOMETIME OR OTHER IN THEIR LIVES. I THINK IT HAS AS MUCH TO DO WITH TIMING IS A
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| 00:57:08 |
Unidentified Speaker, -
THING. WHERE DID THEY HAPPEN TO DIE IN THE BUSINESS CYCLE? IF THEY DIE WHEN THINGS ARE GOING WELL THAT THE AVERAGE. IF THEY DIE WHEN THERE HAS BEEN...
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| 00:57:55 |
Unidentified Speaker, -
TO INVEST IN EACH OTHER'S BUSINESSES. EVENTUALLY THEY BEGAN TO COMPETE AND TURNED AGAINST EACH OTHER. BUT VERY MUCH A SPECULATOR. HE WAS ADDICTED TO...
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| 00:59:08 |
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I STARTED OFF LIFE AND RADIO. I KNOW THE MEANING OF TWO MINUTES. CAPITALISM IS A
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| 00:59:13 |
Unidentified Speaker, -
HIGH WIRE ACT. IT IS NOT JUST DYING WHEN YOUR FORTUNE IS I. IN MY WORLD IN THE MASS MEDIA IT IS DYING ON THE RIGHT NEWS CYCLE, TOO. >> OKAY. THANK...
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| 00:59:33 |
Unidentified Speaker, -
JUST A REMINDER. THE AUTHORS WILL BE IN THE BOOK SIGNINGS AND AND ABOUT 15 MINUTES. I DO HOPE TO SEE YOU DOWN AT THE MUSEUM AS WELL. [INAUDIBLE CONVERSATIONS]...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.