The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-12
He Has Succeeded Morgan as the
Chief Financier of the
Country.
Report Says That He Will Soon Con-
troll the New York Gen.
trail Road.
Big Oil Magnate Also Is Heavily In
terested in the Pennsylvania
System.
Maui York Sun Special Service.

New York Sun Special Service
Chicago. Aug. 12.-Walter eilnlail' ~
a. New York special to the Recoro-rael aiu
says, among other things:
:.Iohn D. Rockefeller is the world s
greatest fnancier; J. Pierpont Morgan IS
the greatest speculator and promoter.
This Is a Judgment I have heard from
the lips of a good many men OF ailalrs III
the financial district. In TACT, IL mas De-
come a common saying in Wall street ana
In the clubs and other places "here "ahi
street men congregate.
Perhaps nothing could better lliuStrat e
IN q single sentence the changes WHICH
have been taking place In the nnanclal
world during the last year. me great
slump in values, the bursting OF the Wa
tered stock and fictitious value hoom mas
gradually but surely wrought trahsloi
nation in the relations Of individuals 10
properties and the sources of power, ana
this transformation has as its most LII
portant and probably its most interesting
result the classification OF Rocketeller ano
Morgan which Is now upon the UP OIL Lie
tongue In Wall street.
Rockefeller Is King. -
John D. Rockefeller is now looked upon
by almost every one as the king OF Amer
lean finance and railroading. Mr.
Morgan ts in second but still
very high place. During tne
last year the two men have virtually eH
changed positions OF course, 1t Woulc
be trite to say that for long time potn
have been in the very front rank-"ltn-
out doubt the two most powerful men III
the country. The change appears here
Whereas. Mr. Rockefeller was formerly
cornparatively inactive, content TO remain
in the background, a tremendous force IN
his control of great capital and big banks
but not personally very active IN the man
agement Of railroad properties and dlcta-
ton of policies, he is now enlafglns aho
broadening his activity.
On the other hand, Mr.. Morgan, for sew
eral years marvel Of activity-hls hngel
in almost every big pie-hlmsen behlnc
nearly all the big combinations and reor-
ganizations-is now comparatively mac
tive, we'll nigh idle, taking care or wha'
he has rather than reaching out for more
worlds to conquer.
VIII Control New York Central.
There Is no longer any doubt that II
Mr.. Rockefeller is not already virtually
in control of the New York Central rail
va,y. he soon will be. Men who possess
che very best sources OF trformatloH tel
me it will not take more than a year OF
SO for the eccultation Of the Vandernll
family and the perihelion Of the Rookie
f9liers In New York Central to become
visible to the naked eye Of all beholders
This does not mean, OF course, ina
Rockefeller Is to own a majority OF tn
stock Of that company for the Wander
bilts have not owned a majority for man!
years. But it does mean, unless my In
formants are mistaken that the Rookie
fellers are to take the places Of the Van
derbilts as the dominant personal factor
in the control Of that great property.
In addition to this, it Is clear that MI
Rockefeller Is acquiring large interests II
Pennsylvania. Just how much New Yorl
Central, Pennsylvania and other standar
railway shares Mr.. Rockefeller has pickle
up during the Of low prices no on
knows, nor is any one likely to know til
the annual meetings are held and stoc!
Is voted by the registered owners Blu
1t is pretty clear that while Mr.. Rookie
Teller Is far from being in control of Penn
sylvania, and probably never will be i
control, he is gradually acquiring an in
trest which will give him voice in tn
management Of that, the greatest railwa
system In the world.