Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-05-09
PAGE EIGHT.
iowa and Commercial.
Board OF Trade Quotations.
Condition OF the Market.
The Review of the Trade.
Iowa Sports Gossip.

darQ Oll DaIlh, III Alls AAAN
Rockefeller contingent is interested In
125 corporations, among them the larg-
est in the world, the United States
Steel Corporation, the Standard on
Company, the Amalgamated Copper
Company, the Consolidated and the
Brooklyn Union Gas companies, the st.
Paul railroad and the banks and trust
companies. These represent resources
of nearly s3,000,oOO.0oo
J. Pisrpont Morgan is director IN
thirty three corporations, the largest
being tire United States Steel Corpora
tion, the General Electric Company.
First National Bank of New York, the
New Haven and the Erie railroads, the
National Bank of Commerce, the Pull
man Company, and the Western Union.
His partners represent his interests in
hundreds of other concerns. Charles
Steele is director in thirty-five COR
porations, Robert Bacon and George
w. Perkins in many more.
Chauncey NJ. Depew, representing the
Vanderbilt interests, is Il director of
more large corporations than any other
man alive. He has sixty to his
credit, and spends a great part of his
time, when not in the United States
senate, attending monthly meetings.
Among other we'll known financiers,
the Commercial lists L. II. Hartman,
who started business life as a clerk in
an obscure office Of a railroad in the
west, as director of forty-seven cor
porations; William N. Baldwin, presi-
dent of the long Island railroad. Is a
director of forty-one corporations;
Charles T. Barney. president of the
Knickerbocker Trust Company, is con-
cerned in thirty-fve corporations. COM
posed principally of banks and trust
companies; E. j. Berwind, who has
made millions in the Pennsylvania
coal fields is a director in twenty
five; George f. Baker, president of the
First National Bank, and reputed to
be worth more than $50,00O,000, is in
thirty-nine; August Belmont counts in
thirty eight.
The Gould family figures conspicu-
ously in the new 400. George Gould. in
spite OF his great interests. is director
in but fourteen concerns, but Edward
is director in thirty-two. Frank Jay
in forty nine, and Howard in thirteen.
Helen Gould does not appear in the
list, but is undoubtedly represented by
her brothers.
H. o. Havemeyer of the sugar trust
is in twelve; James j. Hill. of the fam
Gus merger in twelve; n. E. Hunting
ton in thirty-eight Samuel Sloan in
thirty-one, w. K. Vanderbilt in fifty
six.
Russell Sage is director of twenty
four corporations, the monthly meet
ings of all of which he attends regular
ly. AS So is paid each director for
every meeting he attends, Mr.. Sage's
income from this source is in the
neighborhood OF s1.500 a year.
The Commercial gives the list of 400
in full, but does not locate the great
majority, and it is impossible to tell
from it how extensively the west is
represented in it. No name familiar in
Iowa is included. Neither does the
Commercial guess as to the wealth that
is represented by the corporations that
the 400 control. 1t would be so far in
the billions of dollars, that it would
seem to absorb large part of the
valuable assets of the earth. John d.
Rockefeller alone is now estimated to
be worth a billion.
For the most part the new 400 is
made up of very modest and very hard
working men. They are unknown to
fame. but they have left their mark
cn the industrial organization and pro-
gress of their generation. It would be
much easier to estimate the wealth
they control, than to estimate the
wealth that their brains and energy
have created. There are some sharks
among them, and perhaps as a class
they would not be regarded, and pos
sibly would not ask to be regarded, as
public benefactors. But for all that
everybody owes much to these captains
of industry. who to gain wealth for
themselves, build up great industries,
improve methods, develop resources,
organize labor, and oil the complex
machinery of the commercial world.