The Washington times., 1901-07-30
MANY BILLIONS COMBINE.
Northern Pacific Directory Joins
the Wealth of the Country.
Membership Includes Men Connect
cd With Forty-six Great Financial,
Life Insurance, md Industrial
Trusts and Forty three Railways.

Life Insurance, md Industrial
Trusts and Forty-threc Railways
The immsnsity of the recent community
of interest developments in the railway,
financial, and industrial world is shown
in a startling way by statistics published
in the current issue of the Railway
World" in an article on the new board of
directors of the Northern Pacific Rail-
way. 1t is shown that these new directors
are connected with nearly all the i'm
portant banks and trust companies OF
New York: that they are connected also
with many of the great insurance and In
dustrial trusts, and that finally they are
directors in nearly all the great railway
systems of the country.
Every member Is man of note in the
industrial world. OF its fifteen members,
James Stfllman and George F. Baker are
the presidents, respectively, of the Ma
tional City Bank of New York, and the
First National Bank, of New York, two
of the three strongest and most impor-
tant banks in America; Edward H. Har-
riman is the head of the great Harri-
man system of railroads; William Rookie
feller is n Vice President of the Standard
OIL Company, and the representative of
its interests in railway affairs; James J.
Hill is the President of the Great North
ern Railway, and the executive officer Of
the Iill-Morgan interests in northwest
ern railways; Brayton Ives is the Presi-
dent of the Metropolitan Trust Company;
Charles S. Mellen and Daniel Lamont are
President and Vice President, respective
ly, of the Northern Pacific Railroad;
Samuel Rea is Vice President of the
Pennsylvania Railroad and its represen-
tative on the boards of various railways
which it controls or in which it is inter-
ested; Eben B. Thomas is the chairman
of the board of directors of the Erie and
Lehigh Valley railways: Charles Steele
and Robert Bacon are members of the
firm of J. Pierpont Morgan & Co.. and
its representatives IN the directorate of
the United States Steel Corporation and
many other industrial ano railway enter
prses; d. Willis James is Vice President
of the United States Trust Company and
is interested in numerous extensive min
ing enterprises: John S. Kennedy is a
director in the National Bank of Com
merce. one of the three largest banks in
the United States, and Hamilton Nick
Twombly is the representative of the
Vanderbilt interests on substantially al
of the boards of directors of the railways
in which it is interested. Only the more
important affiliations of these gentlemen
are indicated in the foregoing. A hasty
examination shows that one or more
members OF the new Northern Pacific
board are directors or trustees in the
following New York banks and trust
companies:
Astor National Bank, Bank of Manhat-
tan Company, Bank of the Metropolis.
Ipsar.=
Bank, Columbia Bank, First National
Bank, Hanover National Bank. Leather
Manufacturers National Bank, Liberty
National Bank, Lincoln National Bank,
Mercantile National Bank. National Bank
of Commerce, National City Bank, Second
National Bank, Western National Bank.
These banks have total capital of si2.-
G50.0O0 and total of surplus and undi-
vided profits of SIS. $3.50
American Surety Company, Central
Realty, Bond and Trust Company Central
Trust Company, Farmers Loan and Trust
Company. Guarantee Trust Company.
Manhattan Trust Company. Mercantile
Trust Company. Metropolitan Trust Com
pany, Morton Trust Company. New York
Security and Trust Company. Standard
Trust Company, Title Guarantee and Trust
Company, United States Trust Company,
United States Manufacturing and Trust
Company. These companies have total |
capital of S2l. 900 GOO and total OF Surplus
and undivided profits of $5i S60, 592-
In other words. the Northern Pacific
corporation is now brought into
direct relation through its directorate
with New York financial institutions
which in capital and accumulated surplus
control sl57, ,709. 36l. -Four Northern Pacific
directors are on the boards of the Ma
tionai City Bank and the United States
Trust Company, three on those of the
Farmers Loan and Trust Company, Qua
rantee Trust Company, and National Bank
of Commerce. two on those Of the Ameri-
can Surely Company, Bowery Savings
Bank. Hanover National Bank, Lincoln
National Bank. New York Security and
Trust Company, and the Second National
boards indicated. Directors of the North
ern Pacific are also directors or trustees
of the following life and fire insurance
Continental Insurance Com
pany, Equitable Life Assurance Society.
Mutual Life Insurance Company, New
York Life Insurance Company, North
British and Mercantile Insurance COM
pany, al Queen Insurance Company.
These companies have gross assets of
SS36. 237 4S&
The Mutual Life Insurance Company's
board contains three of the Northern Pa
cihc's directors: the others one each. The
great industrial and manufacturing corpo-
rations on the boards of which the MEM
bers of the Northern Pacific directorate
sit include the following:
Adams Express Company, Amalgamated
copper Company, American Bridge Com
pany. Anaconda Copper Mining Company.
Arcadian Copper Company, General Eiec-
trio Company, Standard Oil Company
United States Steel Corporation, western
Union Telegraph Company, Westinghouse
Electric and Manufacturing Company
Total Capitalization: Stock, sl,5l7, ,S96, 800;
bonds and debentures $34i 309 0DD
The railroad affiliations of the new di-
rectors are naturally the most extensive
Of all. The principal operating companies
whose boards are thus linked to that of
the Northern Pacific are as follows:
Atchison. Topeka and Santa Fe, Balti-
more and Ohio, Baltimore and Ohio
Atlantic, Central of Georgia. Central
Railroad of New Jersey Chesapeake and
Ohio. Chicago and Alton, Chicago and
\. W.. Chicago, Burlington and Quincy
Chicago, Indiana and Louisiana, Chicago,
and St. Paul, Cleveland. Gin
einnau, Chicago and St. Louis, Delaware.
Lackawana and Western, Erie, Great
trail, Kansas City Southern. Lake Erie
and Western, Lake Shore and Michigan |
Ieavenworth Kansas and |
Western, Lehigh and Hudson River, Le- |
nigh Valley, Michigan Central, Missouri. |
Kansas and Texas, New York Central |
and Hudson River. New York, Chicago |
and St Louis, New York, New Haven |
oregon Railroad and Navigation Company,
oregon Short Line, Pennsylvania. Penn |
;ylvania Company Pacific Coast Com |
,any. Philadelphia and Reading, Pitts |
,urg and Lake Erie, Pittsburg. Cleveland. |
,inciunaii and st. Louis. Southern South
.rn Pacific, Union Pacific, Yazoo and |
Valley.
raj lyy.t.