Judge — October 13, 1923 — page 20: what you’re looking at

What you’re looking at

This political cartoon uses the metaphor "keeping the wolf from the door"—a common phrase meaning to ward off poverty or financial hardship. The illustration shows a fortified tower labeled "TAX EXEMPT SECURITIES" defended by a figure at the top. Below, a man labeled "SAVINGS" flees from a wolf-like creature labeled "HARD TIMES." The tower represents tax-exempt bonds as financial protection during economic difficulty. The satire critiques how wealthy individuals or institutions use tax-exempt securities to shield their wealth while ordinary people (represented by the panicked "Savings" figure) struggle against economic hardship. The cartoon suggests this system creates inequality—the privileged enjoy governmental protection through tax breaks while common citizens face financial wolves undefended. The cartoonist is W.T. Enright, signed at bottom right.