And Not a Drop to Drink

"He's Off Again" by Dorman H. Smith for Newspaper Enterprise Assn., ca. Mar. 8, 1926

When you think of the 1920's, what comes to mind? A booming stock market? 

Attracting far too many to invest "on margin," the markets were inflated by investors borrowing against future profits. A sharp downturn in March of 1926 should have served as a warning of what was soon to come.

"His Nest Egg Hatches" by J.P. Alley in Memphis Commercial Appeal, Mar. 20, 1926

The market suddenly lost billions of dollars — 1926 dollars, mind you — wiping out the savings of small investors like the one in Alley's cartoon. 

But Treasury Secretary Andrew Mellon counseled calm. "The break does not touch fundamental conditions. It was the result of excessive speculation. I would have happened whatever business conditions were at the time. The effect is really wholesome. It provides a sort of 'evening up.'"

"Too Sound to Be Uprooted" by Nelson Harding in Brooklyn Daily Eagle, March 4, 1926

Nelson Harding accepted the advice of Secretary Mellon, who continued, "If the market goes to far, it will get back again. All such movements go further than they should, until there is a reaction. There is action and reaction until they strike normal."

Harding's choice of a visual metaphor just goes to show how well Mr. Harding understood avalanches.

"Not Shaking the Mountain" by Ted Brown in Chicago Daily News, ca. Mar. 11, 1926

The lessons against stock speculation are much easier to learn in hindsight. I can't claim any stock market expertise, either, so I don't charge these cartoons against Harding and Brown. 

But I can't figure out why Brown chose to label his Bulls and Bears, rather than to give them animal heads like any other cartoonist of the 20th Century would have.

"Dangit" by Ed LeCocq in Des Moines Register, March 13, 1926

Perhaps it's Prohibition that comes to your mind when you think of the 1920's.

Prohibition was a social reform movement that never quite took hold in the places where the social reformers saw the greatest need for social reform.

"Temptations" by Dean O'Dell in Dayton Daily News, March 18, 1926

Wets, as opponents of the Volstead Act were called, proposed in 1926 exempting beer and wine from Prohibition laws, reasoning that the cold turkey approach simply wasn't working. They also argued that the absence of legal liquor unintentionally benefited organized crime as it stepped in to fill the void.

"Now That's an Embarrassing Question" by Billy Ireland in Columbus Dispatch, ca. Mar. 12, 1926

Which brings us to Chicago gangsters.

As Billy Ireland suggested, Chicago's crime syndicates were taking advantage of a market for booze by Americans seeking to escape the enforced sobriety of the Volstead Act.

"Where There's a Will There's a Way" by James North in Washington [DC] Post, March 5, 1926

James North referred in this cartoon to the Chicago city motto, "I Will," adopted after its 1871 fire. His example of California vigilantism as a way to fight back against "lawlessness" seems counterproductive, if you ask me.

"There Was a Young Lady from Niger..." by Carey Orr in Chicago Tribune, March 4, 1926

The limerick Carey Orr cites as the parallel for how Chicago city hall had succumbed to organized crime has fallen out of favor among cartoonists. The suggestion of racism wasn't much of a factor; cartoonists tended to draw the young lady as a white person. Nor was it because nowadays Niger and Tiger don't rhyme; they didn't rhyme in 1926, either.

Nope, it's just one of those tropes that are too cliché.

Speaking of Chicago...

"Baiting Her Hooks for Her" by Carey Orr in Chicago Tribune, March 11, 1926

"I Will" is on Miss Chicago's blouse in this Carey Orr cartoon commending Commerce Secretary Herbert Hoover's endorsement of a plan for a nine-foot channel from Chicago to the Mississippi River to the Gulf of Mexico. According to Mr. Hoover, the project would make every city on the Great Lakes a seaport.

"A Cheeky Theft" by Sam Hunter in Toronto Star, March 27, 1926

The Graphical History Tour has covered the Chicago waterway controversy before (see here). The project was strongly opposed by communities downstream, especially in Canada, where one rarely found Sam Hunter and Arthur Racey on the same side of an issue.

"Excellent Example" by A.G. Racey in Montreal Star, March 29, 1926

Hoover dismissed concern that diversion of Lake Michigan water south through Chicago would lower water levels in the natural flow of the lake's water to the St. Lawrence Seaway, claiming that five-sixths of the reduction already being experienced was due to a fluctuation in climate. The best way to settle the international lake level dispute, he told a Republican group in Chicago, would be to spend money on concrete and steel to regulate the water passing through Niagara Falls "instead of squandering it on lawyers."

•••

Well, folks, I hadn’t meant to end things right here, but a wind storm has apparently knocked out my internet service provider where I live, going on seven-plus hours as I write this, so I can’t upload any more graphic files to help wrap this up.

So have a pleasant respite between Friday the thirteenth and the Ides of March. Have some pi. See you when this all blows over.