The labor world. [volume] (Duluth, Minn.) 1896-current, 1905-12-02

SOuaAAy OWNS 80 per cent OF LQo SLOch
of the Standard oil Co. and practic-
ally all of the stock of the 80 subsi-
dary companies. From the Standard
Oil Co. Of New Jersey, the Rockefel-
Ter income is from $24.000,000 to
$29,000,O0O year. OF this amount
the personal share Of John D. is from
$15,000,00O to $1e,00O.000.
Rockefeller owns so much OF the
New York Central that he could take
absolute control and turn the Van
derbilts out tomorrow If he so desir-
ed. He owns large blocks OF Penn
sylvania, Lake Shore, Chicago &
Northwestern, St. Paul, Union Pacific.
Northern Pacific, Chicago, Burlington
& Quincy, Wisconsin Central, Rock
Island, Atchison, Topeka & Santa Fe,
Missouri, Kansas & Texas; In fact, OF
every railroad of any consequence In
the United States.
"The Rockefeller income is so large
that he could out of 1t buy control OF
one of the great systems like the
Union Pacific every year and never
touch a penny of his principal"
In view of the above statement Of
fact how long will it be before Rocke-
feller and few other multi-million-
aires control all the wealth of the
country as effectually as the Russian
tyrants controlled the wealth and
people of that country?
To pursue this question bit furth-
er and make it still clearer. A New
York magazine recently printed the
following interesting article, which
ought to cause wide-awake people to
consider what Capitalization Of capital
means:
"One-twelfth of the estimated
wealth of the United States Is repre-
sented at the meeting Of the board
of directors of the United States Steel
Corporation when they are all pres-
ent. The "a directors are:
u. Pterponr Morgan, John D.
Rockefeller, H. H. Rogers, Marshall
Field, George w. Perkins, E. H. Gary,
Norman B. Ream, w. H. Moore,
Charles NJ. Schwab, Henry C. Frfck,
c. A. Griscom, w. E. Corey, Daniel
G. Reid, F. H. Peabody, J. D. Rookie
feller, Jr., Charles Steele. Afford
Clifford, P. A. B. Widener, Robert
Bacon, James H. Reid, Nathaniel
Thayer, William Ebenborn, Jas. Gay
ley. E. c. Converse.
"They represent as influential di-
rectors more than 200 other compan-
les. These companies operate nearly
one-half of the railroad mileage OF
the United States. They are the great
miners and carriers of coal. Among
these companies are such industrial
trusts as the Standard Oil, the Anal
gamated Copper, the international
Harvester, the Pullman, the General
Electric, the International Mercantile
Marine, the United States Realty and
Construction, and the American Lin
seed. The leading telegraph system,
the traction lines of New York. OF
Philadelphia, of Pittsburg, OF Buffalo.
Of Chicago and Of milwaukee,, and one
Of the principal express companies
are represented in the board. This
group includes also directors of the
five insurance companies, two OF
which have assets Of $700,00O,000.
In the steel board are men who speak
for five banks and ten trust compan-
les in New York City, including the
First National, the National City and
the Bank of Commerce, the three
greatest banks in the country, and the
head of important chains Of financial
institutions; for two banks and three
trust banks and two trust companies
in Chicago; for one bank two trust
companies in Boston, and for one
bank and one trust company in Pitts
burg, besides banking institutions In
smaller cities. Telephone, electric,
real estate, cable and publishing COM
panies are represented there, and our
greatest merchant sits at the board
table,"