The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1904-04-16

When Congressman LittleHeld, last
year, had printed in the 90 congressional
Record his list of 800 trust, with
nearly $14, 900. 900, 600 Of capital, the
country was startled at the exhibit.
Now comes Mr.. John Moody, a Wall
Street publisher, with new book,
entitled "The Truth About the
Trusts" which gives us even higher
figures.
Mr.. Moody gives classified list
Of the leading trusts in the United
States. He gives 81S important in
dustrial trusts, controlling 5,S8S
plants having total capitalization
outstanding Of $7,246, S42, 68S. He
enumerates III important franchise
trusts telegraph, telephone, gas,
electric light and street railway con-
solidations), controlling 1885 plants.
and having q total outstanding cap
italization of %, 1856. 456, 075. He dis
cusses the six great steam railroad
groups with total capitalization of
90, OF, O86, 907, and the ten allied in
dependent railroad systems having a
capitalization of $3.50, 977, 900.
The great total OF the capitlizatlon
of all the trusts considered in this
book, Industrial, franchise and trans
portation, is $40, $40, 1872, oil.
After mentioning the fact that
there is in this country about $50,
600, 600, 600 of wealth outside OF the
trusts discussed in Mr.. Moody's book,
the Wall Street Journal of March
nth makes the following very signifi-
cant statement;
"It should not be overlooked that
the trust wealth is the most impor-
tant, in that 1T LARGELY CON-
Trolls AL THE OTHER
WEALTH. The trusts are in control
Of the transportation facilities Of the
country. They are practically in
control Of it's banking facilities, and
they control it's main industrial sys-
TENS. Through control of the banks,
the railroads and the leading indus
trial companies, the directors OF these
trusts practically direct the business
of the country, and when it is said
that of the 500, 900. 600, 900 OF trust
capital in the United States, upwards
Of 81, 900, 900, 900 is HELD BY ONE
FAMILY, and that the greater
amount is Represented by group of
perhaps dozen capitalists, one gets
some conception of the immense pc W
er which is welded in this country
by a few capitalists. y
8 The fact that the Wall Street
Journal, and to some extent also, Mr..
Moody, attempts to justify the exis.
tence Of these trusts is of no conse-
quence, it is of great Importance that
nearly all of these trusts, with over
$40, 600, 900, 600 of capitalization, are
illegal combinations and would prob
ably be SO declared. if they were
brought to the bar Of Justice. Our
easy going attroney general, however,
got frightened when he wen suit
against one of them, really begun by
the governor of Minnesota, and has
tened to tell them that the govern
lnent was not going to run amuck"
in the opposition to trusts.
Wall Street interpreted this state
ment, and other assurances that were
said to come direct from the White
House, to mean that there would be
no more suits against these illegal and
trusts this year and proceed
ID to put up she pri,es Of trust stocks.
Even the stocks of the Northern Be-
,urities Company, against which the
Iupreme court decision was rendered,
Iold up about 8 points within one
week from the rendering of the de-
,iaion,