The labor world. [volume] (Duluth, Minn.) 1896-current, 1902-05-24

A New York writer on financial af-
fairs says it has been made plain thSt
]. Pierpont Morgan's real intention is
to girdle the globe and capture the
carrying trade Of the world. All he
needs is the Russian trans Siberian
road.
Morgan is planning to build railways
in China He has asked China for
permit. Last week he secured the
transatlantic steamers. This week
he was after the South American ships
and railways.
What next he will do no man knows.
But while Morgan is combining the
big carrying lines of the globe there
are more than 1000 ships-tramp ships
lying at American ports unable to
secure cargoes.
These ships belong to small fellows
who do not control railways, hence are
not able to make the through rates the
big fellows offer. When they have
been starved out there will be none
to say may" to- this mightiest Of
mighty men.
In discussing the great power WELD
ed by this modern financial giant, this
same authority makes the astounding
assertion that Morgan and six other
American citizens have now become
more powerful than any congress or
parliament in the world.
Fourteen steamship lines and forty
four railroad systems belong to them.
On land a mileage Of 108,500 and on
sea tonnage of 100000 are in their
control.
Three hundred Of the largest steam
ships in the world and 10000 of the
best equipped passenger and freight
trains take orders from them.
This railway mileage is greater than
the combined mileage of Russia, Great
Britain, Germany, Holland, Spain and
Belgium. And more than 300 vessels
which will sail under it's orders cannot
be duplicated from the merchant ma
rine of every ocean.
A worldwide transportation trust
has long been Morgan's dream. Eng
lish newspapers are making comically
pitiful pleas to Morgan to let England
come into the new trust. The fact
that Morgan is addressed in tones Of
supplication shows that HE IS ABSO-
Lutte MASTER.
Not Alexander: In all His glory, not
g1ssn1 " ssseven
with all Ills mighty armies, was such q
conqueror as J: P. Morgan with his
little "yes'' and mo" that makes or
unmakes.
No king is tenth so powerful az
Morgan. Edward VII, Emperor Will
liam, Nicholas Of Russia-any one Of
pared with Morgan.
Almost every kind of man who la
bors works for Morgan through some
of his companies. Rudyard Kipling.
Lew Wallace-all of the geniuses who
in fine frenzy dash off poetry and write
stories for Harper's are working for
Morgan. The patient scientists are
digging out minute facts for Morgan to
scatter to the world. The artist with
pencil and brush draws and paints,
and Morgan pays him.
So absolute has he become that while
he is personally worth perhaps not
more than $100,O0O,OO0, corporations
over which he has control possess more
wealth than there is gold on earth.
The total capitalization of all the
companies he controls is S. 210, 993, 3S6-
and all the gold, coined and uncoined,
in all the nations, including the pop
ulous East, is estimated at $4,841, ,000,-
900.
There are in the whole known world
about 1890, ,0O0 900 human beings. Nor
gan controls enough to give each 81.
More than a million men are en-
ployed by the companies Morgan con-
trolls. This means that 100000 men,
women and children are dependent on
him for q lfving-or rather|tha 5,000.-
600 persons contribute to his comfort.