The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-03-25
ROCKEFELLER
AND MORGAN
! IN CAHOOTS
Big Fish in the Financial Pool
Swallowing the
MinnoWS.
GOULD INTERESTS ON
LIST OF THE COMBINE
LA TOILETTE CONCLUDES HIS
SPEECH AGAINST THE AID
RICH BILL.

Washington, March 24.-Upon the
conclusion of Senator La Follette's
speech on the Aldrich currency bill IN
the senate today, a plan was decided
upon by which Senator Aldrich viii
tomorrow move to take up the bill and
continue its consideration until it has
been disposed Of,
Mr.. Aldrich asked for unanimous
consent TO dispose of the bill before adj
f5OuTnment Thursday, but to that prop
osition Senator La Toilette objected on
the ground that he feared debate would
be curtailed by such a procedure.
The coiioquy which resulted in Mr.
Aldrich's announcement followed the
conclusion of the third and last in
stallment of Senator La Follettes
speech IN opposition to the Aldrich bill.
Process of Capitalization.
Mr. La Toilette declared that his
statement that the industries of this
country were controlled by less than
100 men had been attacked as sensa-
tionaL Declaring that such was not
the case. he said that he had been too
conservative, and that. in fact, a much
smaller number of men dominate the
industries.
1ncTnd
In trust power has gone a steady proc
ess of Capitalization i'm the control of
that power, until now the entire stu
alton is dominated by the Standard
Oil-Morgan combine" he declared.
! The old fights between these two
great powers have been laid aside. Mr..
Morgan's picture adOrns the wall of the
inner room of the ROckefelers at 20
Broadway.
GouIds Being Swallowed.
In combination today they are
z orking together 10 gather i'm the
= smaller powers. Mr.. Hill has been
Taught that he must not oppose the
big ones. The Standard Oil got in on
the Great Northern ore deal. The
Gould interests are being swallowed up
by the combine. Morse AMI Heinze
we're neatly pocketed during the recent
panic. The smelter trust was given a
Grubbing and started in the same di-
rection. The Vanderbilts can no longer
retain their important control AMI
themselves see the handwriting on the
wall"
Trust Consolidation.
The senator quoted John Moody to
show an enormous growth in trust
consolidation and capitalization in four
years. In 1904 Mr.. Moody PLACED Il 9
capitalization of the Industrial fran
chises and railroad trusts at over S39. e.
900, 600, 600. That amount had increa sc
Shore than S11 200. OOO, 900, or more than
IS per cent. The S31, 600. 900, GJ0. ne said,
did not represent the financial combi-
nations, banks, trust and Insurance
companies
Mr. La Toilette read several lists OF
eminent financiers to whom he accord
ed various degrees of power in the
control of industries. He Included Sen
Rtor Depew of New York as anon =
those who exercised large power and
held many directorships in the form OF
delegated power exercised Dy them IN
mere representative capacity. Mr..
Depew was in his seat and general
laughter followed the mention of his
name.
Group of Fourteen Men.
Mr.. La Toilette named a. next after
Morgan and the RockefeIIers. a group
~ fourteen men who, he said, were
blg operators and men of large power
and interests i'm their own rights"
These men. he said. find their best in
terests in working in harmony with
Morgan and Standard Oil" No COM
binatiOn which they could form among
themselves or with others could cope
with that power, he declared. in this
list of fourteen he placed W X Van
derbilt, August Belmont. Frederick
Wyerhauser. Henry c. Fricl1. J. Ogden
Armour. George Gould. Jacob Schiff. e.
II. Hartman, Thomas Ryan, Louis s
Swift, John j. Astor, James SpeNel,
James j. Hin and W. II. Moore.
The Second Class.
A second class Of men in the list
were the stars of lesser magnitude. q"
but men of wealth and power who
work in the combine. and a few Of the
higher rank of attorneys and uank
Presidents of the system This group
Willows: c. H. Dodge, G X. McCor-
mick, Stephen 5. Palmer. BravtOn Ives
C. A. Pea body. G. F. Baker. J. r DTv-
den. J. s. Post. H Taylor Pyne. T. II.
Hubbard. G. G. Haven. W. J. Oakrnan
F. J. Berwynd, ]. B. Duke p A. VAL
entide, W. d. Sloan, Adrian Iseliager.
Frederick Cromwell. G. W Young, G.
Iedyard Blair, d. Guggenheim. Y. P
Snyder. A. II. Brady. Edwin Hawley.
Continued on Page 2.