The Bellefontaine Republican. [volume] (Bellefontaine, Logan County, Ohio) 1855-1905, 1902-08-29
SIX BILLIONS
and A HALF
Number Of Dollars Con-
trolled and Guided by
J.P. Morgan & Co.
MORE THAN ALL THE
WORLDS GOLD COIN.
Greatest Wealth and Power Ever
Centralized in the Hands
of One Man.

Special Dispatch to the Leader. =
New York, August 24.-The whole
world looks to an unpretentious Office at
No. % Wall street, which bears the
sign ~. p. Morgan & Co.." for its cue
whenever any transaction involving
millions-whether it be q war on a coal
strike, an amalgamation OF steamship
and railroad lines, or the financing of
a bankrupt Kingdoms up for dis
cussion.
There are twelve partners in the
firm. and eleven of them look after de-
tails of the various great schemes
which have given to the language .
new word. "Morgsnizing. There is
only one Morgan on whose life English
investors and speculators take out in
surance policies paying
Nine Per Cent Premium.
The amount of capital under control
from the office at Broad and Wall street
is perhaps greater than the total
amount of gold coin in the world. 1t
never before was centralized in the
hands of one man.
The members of j. P. Morgan & Co.
are his son, J. p. Morgan, Jr., George
c. Thomas, Edward F. Whitney. James
W. Paul, Jr., Edward III. Robinson,
Edward T. Stotesbury, Robert Bacon,
Temple Bowdoin, William Pierson
Hamilton, Charles Steele, George w.
Perkins and J. Pierpont Morgan.
Seven of the twelve partners in the
firm are members OF the board of di-
rectors OF one or more OF the great cor
porations and trusts which mark this
era Of centralized capital. The mere
list OF these companies iE whose affairs
no move can be made without consulta-
tion at No. % Wall street inspires the
Difference due from a dollar to
Il A Million Dollars.
But there are vast combinations OF
capital, unions OF powerful corporations
whose affairs are being handled by j.
p. Morgan & Co. in whose directorate
no members OF the firm ever sits, and
yet they are known as Morgan com
panies.
The total capital which ]. p. Morgan
& Co. controls and guides figures up
nearly six billions and n half OF dollars,
or to be absolutely accurate, 81. AS. 500
600. Besides this vast sum other great
accommodations look small. The gold
coin and gold certificates In the United
States Treasury only amount TO about
$3.50, 900, 900, and yet this is unprece-
dented.
All the gold coined and uncoided in
the whole world is estimated at q, ,Sil, :
0O0,O 900. The total number OF human
beings in the world is estimated at
I, 800. 900. 900. The public debt OF the
United States on June 30, 1900, was
81, lO7, III, ,257. The entire revenue OF
the forty-three principal nations of the
world for the year 1900 was S, 3sl ,392,
563.
The properties in which ]. p. Morgan
& Co. are interested, either through
control, through membership on their
boards, through financing them, or by
reason Of acting as their fiscal agents,
are, with their capitalization, as follows,
according to lists furnished by the
financial agencies: Ships, Atlantic
Steamship Company, sl7O, OOO, 900; rail
roads of all kinds, seventeen, s3,OsS,.
500, 900; industrials, thirteen, s2,022,
go, 900; banks and trust companies
seven, ls7, ,OO0, 900; miscellaneous, sixty
seven, 1890, 100000.