Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1903-05-27
Some Money Kings.

The New York Commercial has dis
covered new "Four Hundred" 1t is
the 400 individuals in the United
States who are directors In ten or more
corporations, representing wealth that
Is in the aggregate appalling"
John d. Rockefeller heads the list
In actual wealth, but is not admitted
to it because he is q director in only
four companies. His son, who talks
to Sunday schools about the value of
sympathy, is director In but Blk. Da.
the Rockefeller name is not omitted
from this honor roll of wealth, for
William Rockefeller, John DE- broth
er, is director in 90 corporations, rep.
resenting very largely John DIS in
terests. The banks that the nvcKe-
feliers are interested In represent re-
sources of $500, 100000, and the re-
sources Of other corporate ths. they
are connected with exceed $1,000, e9oS
600.
Next to the Rockefellers themselves
come the men who are the business
associates Of the Rockefellers. Daniel
O'Dsy is director In "a companies; Il.
H. Rodgers In 25; James Stillman,
president of the Standard OH bank,
In 81. The Rockefeller contingent is
interested In 1875 corporations, among
them the largest in the world, the
United States Steel corporation, the
Standard Oil company, the Amalgsm-
ated Copper company, the Consolidat-
ed and the Brooklyn Union Gas COM
psnies, the st. Paul Railroad and the
banks and trust companies. These
represent resources of nearly s3,00O,-
100000.
j. Plerpont Morgan is director in 33
corporations, the largest being the
United States Steel corporation, the
General Electric company, First Ma
tional bank of New York, the New
Haven and the Erie railroads, the Ma
tionsl bank of Commerce, the Pullman
company, and the Western Union. His
partners represent his interests In
hundreds of other concerns. Charles
Steele is director In 35 corporations,
Robert Bacon and Geo. w. Perkins In
many more
Chauncey M Depew, representing
the Vanderbilt interests, is director
of more large corporations than an!
other man alive. He has 50 to bis
credit, and spends great part of hil
time, when not In the United State
senate, attending monthly meetings
Among other we'll known financiers
the Commercial lists E. II. Hartman
who started business life ss clerk II
an obscure Office of railroad in th
West, as director of AZ corporations
William N. Baldwin, president of ths
Long Island railroad, is director of 4
corporations; Charles 7. Barney, presl
dent of the Knickerbocker Trust com
pany, is concerned In IS corporation
composed principally of banks an
trust companies; E.J. Berwind, wh
has made millions in the Pennsylvani
, coal fields, is director in 25; George ]
Baker, president of the First Nationt
bank, and reputed to be worth mo-
than 10000, 900, is in 80; August BE
mont counts in 38.
: The Gould family figures conspic
: ously in the new 400. George Goul
: In spite of his great interests, is d
rector In but IA concerns, but Edwal
n is director in 80, Frank Jay in 40, 81
! Howard in l3. Helen Gould does n
d appear In the list, but is undoubted
represented by her brothers.
h. o. Havemeyer Of the sugar tru
: : is in l2; James J. Hill, of the fsmo,
Is merger In 12; a. E. Huntington in
% Samuel Sloan in 81, w. K. Vanderb
= In 56.
\ Russell Sage is q director In "a ce
= = porations, the monthly meeting of ,
). Of which he attends regularly. AS
J, is paid each director for every meetil
he attends. Mr.. Ssge's income fro
this source is In the neigborhood of 8
500 year.
:. The Commercial gives the list of a
In full, but does not locate the gre
= majority, and 1t Is impossible to t
from 1t how extensively the West Is
presented In 1t. No name familiar
q Iowa is included. Neither does
III Commercial guess as to the wealth II
Z Is represented by the corporations tt
4 the 400 control. It would 6 Nso far
x the billions OF dollars, that 1t wo,
seem to absorb large part Of the vail
y BILE assets OF the earth. John D. Rocl
feller alone 10 now Estimated to
worth q billton.-Des Moines kegist