The Montgomery advertiser., 1902-10-28
WAR IN WALL STREET.
Rockefeller Capitalists Dispute ]. p
Morgan's Supremacy.

Rockefeller Capitalists Dispute ]. p.
Morgan's Supremacy.
New York STAFF Correspondent Of Chi
cago Tribune.
Events in wall Street in the last three
weeks have emphasized the fact that new
to dispute through act. not words. the
supremacy Of ]. P. Morgan Co. Mr.:
Morgans good name 10 Worldwide, ana
his influence has been coextensive with
his reputation.
The Rockefeller group OF capitalists.
commonly known a. the city Bank
crowd lie the one which Wall Street 10
beginning to refer to with something ike
awe. 1t Ii the millions which center
about the bank that make its owners a
power not willingly but necessarily ac-
knowledged. Silent, untiring. and rich.
this group of men is by all odds the most
permanently influential so far as creating
and changing underlying conditions go.
No one sees, relatively speaking, any OF
tha Rockefeller group. Except John p,
whose endowments to educational insti-
buttons bring him before the public, little
is heard of or reported OF these people.
But everywhere Is felt their influence.
Great wealth is primarily the source OF
their power The group contains the
richest man in the world-one beside
whose fortune that Of the Rothschfids
Four Men worth $3.50, ooo, 900.
COnSlOer Ine wealth. VI otIy lOuG hAOh
in the National City Bank crowd. and the
following. not intended to be namboy-
ant estimate, Is found represented:
John d. Rockefeller. =. .......N 81. 900 OO0. 600
William Rockefeller. 100 200, goo
James Stilfman.. .......... Io0Oo. w
II. II. Rogers. .s..s.....s' ioWV'VVV
Total. .. ..................$1 81, $50, o0o. 900
1t is unnecessary to enumerate the
number of corporations in which these
four men are interested, but fair esti-
mate is that on this total capitalization
the income may be placed at 1-z per
cent, making the revenue per annum
800, $50, 900.
This extraordinary sum, rated from in
dividual income point, is available Tor
strengthening the operations of the Ma
tional City Bank. With such hgures II be-
comes easier to understand how this COM
bination of men Is the most powerful
group, in the matter of resources, in the
country Whether there be four men
anywhere else in the world OF equal re-
sources working together may be a mat
group public attention has hardly been
called to its operations.
City Bank is All Powerful.
When there was some probability of
gold exports one could hear along Wall
Street:
crowd) want exports the gold will go:
They can lust as easily import gold IL
This is an exaggerated statement, in
that it suggests what might be done, in
stead of what probably would be done:
The City Bank was prepared to import
a lot of gold, $25, 900. 0Oo to save the sttua-
ton, just before Secretary Shaw made
his OFFER to release Government deposits
from reserve requirements. The exchange
market then was but little above the i'm
porting point. The city bank, however,
would make too great sacrifice to bring
gold his way. 1t would have made some.
Then when the market turned this for
eign exchange began advancing, and one
of the vice-presidents, seeing the proba-
bility of gold exports. advaced argu-
ments for Treasury bond purchases.
which the Secretary of the Treasury al
ready had in mind. At any rate. over
az 90 600 of bonds were purchased with
out any advance in the market price.
This latter was accomplished through the
potency OF the argument or the CITY
Bank official and the prestige behind him.
usually means cheerful acquiescence.
What is feared is not generally loved
So with the Standard Oil group. But
It has the profound regard OF every ele-
ment in Wall Street.
william Rockefeller the Leader.
On far as internal workings come to
the light. 1t appears that William Rookie
falIer is the persistent one who reaches
ont for new acquisitions. His entire en-
ergy is bent on making money. His
brother John D.. turns his capital in the
direction suggested by William and II. II.
Rogers. .u-
functions. They are not given to swell
dinners or the toastfng of magnates They
lead quiet lives and their intellectual &C
tivity is never befogged by the use OF
wine or loss of sleep.