Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1900-01-09

William Rockefeller. his younger bro
Their and John D. Rockefeller, Jr.. his son.
that he knows, and have their allotted
shares in the detail of the great opera
tons their money requires.
William T. Wardwell Is the financial
genius of this group The world at large
knows him as the prohibition party's
hardy candidate for president. governor
or mayor. He pays $50, 600 at least year.
~ for the prohibition party, and gives
much more to further the cause of total
abstinence. lie 1t is who has organized
the chain of banks which has at last
sllackled the finances of America, and
which hopes soon to control the issuance
OF all money. He manages and plans
the operations OF the Standard Oil syn
dictate. leaving 1t to others to execute, to
investigate. to prevent leakage Of money.
s. G. T. Dodd Is the able lawyer who
keeps the Money Trust within the law,
or drives through the statutes with coach
and four. His genius Is necessary to
the legitimate or questioned policies of
his colleagues. He Is said to be the most
daring, as we'll as the most prudently ju-
dicious, of men. He is worth millions to
his friends, n has earned many for
himself.
HEAD BANKER OF THE MONEY
TRUST.
James Stillman, related by marriage to
William Rockefeller, is the ablest banker
as Dodd is the ablest lawyer and Ward
well the ablest financier, known to the
Rockefellers He is president Of the
National City bank. and expects to make
it the bank of the United States. per-
forming such functions as the Bank of
England does in the British empire. He
is Secretary. Cages friend. and the
strength Of the bank compels attention,
and what looks like favor, from the fed
eTal treasury. Stillman, for the bank,
handled the war payment to Spain, aim
ed to nance the government loans. and
distributes the money. which the govern
ment deposits in the national deposit
tories.
The banks controlled by the Standard
Oil syndicate are the reins which it holds
over the money market. It's representa-
tives are in eight New York city banks
and ten local trust companies.
The trust controls banks in Baltimore,
Boston, Philadelphia, Chicago, Uncluding
the First National, of which Secretary
Gag was pr sident). Cleveland, New Or
are many minor banks tributary to the
great ores. In Texas, for example, the
trust controls eighteen banks.
The New York banks are City, New
Amsterdam, Chase. Park, Second. Union,
North America and Hanover. The trust
SOlilpdIitS dIH Tie otllOH, FARMERS zen.
trail, United States. Fifth avenue Guaran-
ty, Atlantic. New York Security and
Trust, New York Realty Bank Exchange
and Trust, and International Banking
and Trust.
The combined capital of these eighteen
institutions is $40, 527, $50; their deposits,
1929. 2G5, 600: their loans. SAB, Alb 900.
Through these connections the Money
Trust knows the details of every mans
business that it desires to know. 1t can
tell just how heavy a load of stocks a
great bull operator carries, and how
leaders Of the street are at any given
time. The Trust knows how hard a
blow is needed to make or mar the for
tunes Of either. It holds the balance
of power in h street, n knows how
to use it.
A PANIC THAT SHOOK THE WORLD
The Christmas panic, so-called, in Wall
street extended to London, to Paris, to
Berlin. The Bourse Of Germany was the
willed recovery This panic, in which
money needed by borrowers, for a short
time, sold at the rate of 1876 per cent in
terest per annum. was a disaster even to
the rich. Stopped in time, at the will Of
the Money Trust. 1t otherwise would
have resulted in a universal blight upo
credit.
Without credit the factory. the rail-
road, the mine become inert; the work.
ingman finds no labor, the merchant sells
no wares, poverty Overtakes the farmer
and the rich man, perforce a miser, fears
to mbark his money in enterprise. A
panic finding no bottom Of courage and
industry to rest upon might .starve. craze
and drive to suicide more victims than
an Attila or a Genghis Khan boosted.
What the Money Trust did to cause this
panic is simple to explain. The great
In = ny nf ~ ynrslI iN lava M ~~~
ed money. Surplus capital seeses Dor
rowers or partnerships to become pro-
ductive. The money unplaced in the
more profitable industries lies in, the
hands OF bankers, who employ it in loans
from day to day, on quickly realized col
lateral securities such as stocks, bonds,
staples like grain and cotton and mer-
chandise in transit. Such money as this
is named "call money"
When call money is cheap, if times are
otherwise favorable, speculation in stocks
and staples increases. Nit %ecula
who sees a profit in expected rises in VAL
lie, is enabled by the system of buying
on margin" to hold his purchases by
qiskiEg 10 per cent Of their price, or even
less.
Railroad shares can be disposed of in
ordinary times at a moments notice at a
price within 25 cents a share of the last
quotation. This makes them good Sc
curlty for "cail" loans at the banks. The
purchaser of one undred shares, worth
5000 leaves 81, 900 with his broker, who
can borrow the other 5000 at the bank,
often at as low a rate of interest as 2 per
cent per annum. IT the price Of the
shares advances $40, the Spectator has
won or earned $1,000. If it falls SO the
SPECTATORS $ 1000 is wiped out, the shares
are sold and the bank recovers $4,000.
ACTIVE BUSINESS MAKES MONEY
LIGHT"
The more active general business and
industry is the scarcer is surplus money
n the higher the call loan rate. The