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Jay's Tuesday Free Enterprise Quote - 1 November 11

The office of recently-appointed company president, Colonel Robert C. Clowry announced a general price increase for all private messages sent by the Western Union Telegraph Company.  The stated purpose of this rate increase was to insure PROFITS!  This news was received by a shocked, communication-savvy public with horror. 
The "New York Times" newspaper picked up on it immediately, and a column was placed prominently, above the fold, on the first page.  It began like this:
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WIDOWS AND ORPHANS OWN WESTERN UNION
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And the Company Says It Put Its Rates Up to Pay Its Dividends
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"...explaining more in detail the reasons for the increase in private message rates which went into effect on Monday.
The company lays especial interest on the statement that the increase of private message rates was made in the interest of its 14,000 stockholders, many of whom, the statement says, are
widows and estates,
and in order that the company might continue to maintain and continue to pay its five percent dividend...
Our company has been paying a regular annual dividend.  On account of this regularity the stock has been very largely acquired by widows and estates.  In fact, the company is ... more

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