Life, 1912-04-11 · page 32 of 46
Life — April 11, 1912 — page 32: what you’re looking at
What you’re looking at
**The Cartoon ("Sisyphus, Junior"):** This political cartoon depicts a figure (likely representing the stock market or financial system) straining to push a large sphere labeled "DIVIDENDS" with a dollar sign uphill. The reference to Sisyphus—the mythological figure condemned to eternally roll a boulder uphill—suggests the futility and cyclical nature of financial struggle. **The Context:** The accompanying article describes stock market turbulence in early 1912, with prices fluctuating wildly. The cartoon satirizes how investors perpetually chase dividends in an exhausting, ultimately futile effort. The "cold storage stocks" suddenly released and market panic suggest artificial market manipulation and speculation. **The Satire:** The cartoon mocks both the stock market's inherent instability and investors' doomed persistence in trying to profit from it. By invoking Sisyphus, *Life* implies that financial markets are fundamentally rigged or irrational—endless toil with no real progress. **Note:** The page also contains reader letters criticizing *Life*'s anti-Semitic editorial stance, indicating contemporary pushback against the magazine's documented prejudice.
📄 Transcribed text from this page (OCR, searchable)
Machine-transcribed from the original scan — historical spelling and the odd misread are preserved.
SISYPHUS, JUNIOR MMEDIATELY after the opening on Monday, stocks he- came very thoughtful. Accordingly there were slight cessions here and there, but on the whole they showed » derful resiliency and will-power. For several hours, on buying of a professional charac prices varied from fractions of a point to larger fracti os of the same point. On Tuesday the market was much disturbed by the den appearance of great quantities of cold storage st These had been held awaiting the time when people need stocks so badly that price would be no object. Ov to general lack of confidence, however, it was deemed wise to hold them longer. Prices stood around awhile, parently uncertain what to do. Then they suddenly \ down to a given point. Rots and Spots common were kc ers in this movement, Under their influence, the other st gradually began to act sympathetically, until at last the tire Street was in tears. To make matters worse, a cold, drizzling rain set in one o'clock. As this had not been forecasted in the weather report, it was variously construed. Some blamed Congrc Others blamed Roosevelt. Still others of a more reli mind blamed Providence. Morgan was sent for, but did not come, owing to a blox ade on the Third Avenue surface lines. On the contrary, he denied the report that he had bought the Vatican. This made London feel easier and checked the liquidation. This situation was well maintained during the rest of the week and was brought to a close only by an amiable ba statement on Saturday. Letters From Our Readers We Are Asked to Ponder Lire, New York Cit Gentieme. ‘Lire’s continual cacoph- ony against the Jew is on an intellectual parity with its twelfth century attitude towards vaccination and anti-vivisection. Morally, it is even more indefensible, because its anti-Semitism is born of prejudice and not of ignorance. Lire’s position toward the Jew is not one of sincere criticism, but it is one of indiscriminate arraignment, the one not- able exception to this rule being Lire's condemnation of the Theatrical Trust. Had the discerning Jews of this country not good reason to suspect Lire’s motive in this attack, Lire would have had their unanimous support. Live has demonstrated times without rumber, its consummate ignorance of Jewish ethics and Jewish philosophy, and because of its very obtuseness, its anti- Ser ism shows clearly that it emanates from prejudiced sources. Lire delights in associating together the Negro, the Chinaman and the Jew (in order of merit), blissfully unmindful that in this grouping it is not paying a very high compliment to the Jewish prophet—Jesus Christ. Just how Lire reconciles its attitude towards the Jew with the fact that Jesus was as ardent a Jew as ever lived, that He taught nothing contrary to Jewish thought, that He endeavored to inculcate only those principles which He had derived from his Rabbinical teachers, or that stirred within His Jewish consciousness, is most puzzling. (For authorities in this matter let Lire consult the leading Christian scholars.) Lire never cares to acknowledge that through its scapegoat—the Jew—the world has been given its oldest, and by far its strongest system of nuorals and ethics, Who maligns the Jew, .naligns the name of Jesus Christ. Let Lire ponder awhile. Yours truly, Auvin W) Cuicaco, February 17, 1912. Naughty Words From Boston Epitors or Lire GextLemex ;—My compliments to the rotten brain that gets up this nti vivisection” stuff. Lire subtracts from the sum total of human intelli every time it touches upon that subjeci I suppose it is some one in authorit who explicitly orders this stuff into 1h paper. It is impossible to suppose tha a set of editors who are capable of pro ducing Lire would deliberately sit down in coun and sanction such damne! nonsense. Tt is a blot and a blemish. It form my chief reason for letting Lire prett much alone. Every copy I do buy I a confronted by some such insult to inte! ligence as the enclosed. I should lik to mect the man who is responsible for it, to say personally what I am sayin here—that he is a damned fool. This i not polite, nor temperate, nor in the leas: gentlemanly; but it is the cold, plain, (Concluded on page 779)