The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1902-11-21
M0RGAn'S COUP
TO AVERT PANIC.
At His Death the North Ameri
can Company Is to Take
His Holdings.
MORE THAN FIVE BILLIONS
The Amount Of Securities Controlled
by the Finaneier Is More Than
Six Times the Bonded Debt
49, of the United States.

his pen J.. p. Morgan has made the
North American company, a concern
with a capitalization of $l2,000,000 and
a charter large enough to take n any,
the building of the Panama canal, one
of the most important corporations in
the world.
Like Russell Sage, Mr.. Morgan has
made arrangements to protect his vast
interests and stock values in case o1
serious illness which would necessitate
his retirement from business.
To do this, he has so arranged h a
the new company will take his gigantic
holdings should he die. BY this arr
rangement, IL his life should zen to-
morrow, the financial world would not
be upset by speculations as to what
would become of the securities owned
by Mr.. Morgan.
They will be held in the hands OF
conservative men who head the North
American company and the rights OF
ties will be looked after with the same
care that the great financier now guar
antees to them himself. ST
Just how great are the Morgan In
terests few persons realize. The grand
total of the capitalization and bonded
indebtedness Of all companies con-
trolled or dominated by him is $5,0S4.-
AOU,Oais &oI dllllOSl DIN. ~ &0AAASA
debt of the United States.
Controls Two Billion Dollar Concerns,
Two of the corporations which he
controls are billion dollar c~oncerns-the
United States Steel corporation, with
its $1,389,339,9 56 of stocks and bonds,
and the Northern Securities company
whose capitalization is S1,036, 966, 54S.
The railroads controlled and domf-
mated by THIS one man operate 6b,555
miles and their combined Indebtedness
is $4,000, 949,571. N
corporations whose capital and bonds
amount to $2,069,S30,956 The United
States Steel corporation; of course,
heads the list of industrial concerns
Next in Importance is the International
Mercantile Marine company, which Is
known as the shipping trust.
He is interested in several banks, the
largest; Of which are the National Bank
OF Commerce and the First National
bank. is
With these enormous holdings
turned over to the North American
company, upon his forced retirement,
the stock market traders, knowing that
they will not be dumped upon the mar
ket, will have no anxiety. z55 .53
When this knowledge becomes gen-
eral, 1t IS believed the ~inancier's death
I' Val g IA -
cial world,
Railroads Controlled by Morgan.
Capitalization.
Stocks and Bonds.
Northern Securities ...........,$ 409,000,0N
c ntrolled by Northern Securities
Great Northern ......... 96,GS3,45t
Northern Pacific .... III 81, 7ss
Chicago, Burlington and Quincy 362, 357 ,3Gt
Southern railway sySten1S.....s 355, 4S4, 30t
Central of Georgia ......... 54,646,G N
Monon ...........st..:........:: 1sB55,7s4,est
Reading system dncluding g.
Company ~. 297, os7, PCT
Erie Railroad 1862, 40, 75t
Hooking Valley Cornpany,.. 70, 1s9, 56s
Lehigh Valley .:.......,..n..... s4,1l2,lOs
Partly controlled by Morgan
ST. Louis and San Trancisco.... III 1s l,5ss.i2s
1871 @ELF2l%GsE&4 &tENG%S -----L~---
Total 49, o2, sa9. 571
Industrial, companies dominated by Nor.
gan: interests 44
United States steel X. 81, sss. $3.50, e5t
General Electric ......... As, GOO, 00G
United States Rubber Cd, 991,,0G 0
International. Mercantile Ma 55
rine Company ~. ........... 17O, O0e,0
North American Company ..... 12,O0O,00t
struction 6c,ooo,oN
National Bank Of Commerce.. 10, &C., N
.Haryesters' Merger .... &c, 000,10G
First National Bank .... 10, 0QO,0M
Miscellaneous ............ ESQ, 000,0 W
Total AZ nd osn se7