Daily press. [volume] (Newport News, Va.) 1896-current, 1908-03-25
ROCKEFELLER AND MORGAN At TOP
Standard Oil Company and the New
York Banker Make All Other Mag
mates Bow to Their will-some Of
lite Lesser Lish,s-cIoses Speech on
Aidrich Bill.
(gy AssoeIated Press.l


| WASHINGTON. d. c.. March ~ -
| Upon The conclusion CT Senator La
Follette's speech on the Aldrich cur
rency bill in the Senate today. a nlan
was decided upon by which Senator
! AIdrich Will tomorrow move TO take
/ up the bll and continue its consider
| alton until 1t has been disposed OF.
MIR. Aldrich also asked for unani-
nous consent TO take up the bill to-
morrow and to dispose it before ad-
/ lournment Thursday. but to that
proposition Senator La Toilette OBJ
I5ctcd on the ground that he feared
debate would he curtailod by such
procedure.
The colloQuy which resulted in this
announcement followed The conclusion
on the third and las, installmen, of
Senator LaFolletcs speech in oppo-
/ siiion to the Aldrich pill. lie smoke
for two hours.
hesumins his speech Mr.. LaFollettc
| declared that his statement that the
Industries OF this country were con-
trolled by less than 100 men had been
attacked as sensational. Declaring
'na' such was not the case. he said
! mat he had been too conservative and
that in fact n much smaller number
or men dominate the Industries
| Along with this enormous increase
In trust power has gone a steady pro-
cess of Capitalization in the control
! of that power, until now the entire
situation is dominated by the Standa Il
! gu Morgan combination" he declar-
ed.
The old fights between these two
great powers have been laid aside.
MIR. Morgan's picture adorns the wall
OF The inner room of the Rockefeller's
at 26 Broadway. In combination TO-
day they are working to gather in the
smaller powers.
Mr.. Hill has been taught that he
must not oppose the big ones. Stan
dard Oil got in on the Great Northern
deal. The Gould interests are being
swallowed up by the combine. Morse
ana Heinz were neatly pockcted dur
ing the recent panic. The smelling
trust was given a drubbing and skirt
ed in the same direction. The Van
derDiits can no longer retain their i'm
| portant control and themselves see
| the handwriting on the wall"
Growth OF Trusts.
| hfe senator quoted John Moody TO
show an enormous growth in trust
consolidation and capitalization in four
years. In 1904. Mr.. Moody placed the
capitalization of the Industrial fran
chises and railroad trusts at over 500
oOo,0OO,0 900. That amount had increas-
ed more than S11 900. O00, 900, or more
than 90 per cent. The SCI 900. OOO. 900
did not represent the financial COM
Dinations of bank trust and insurance
companies.
Mr.. LaFollette read several lists of
eminent fnanciers 10 whom he accord
cd various degrees of power in the
control OF industries. He included
! Senator Depew, of New York. as am.
ong those who exercised large mower
and held many directorships In the
form OF delegated power exercised by
them in more representative cap
acity. Mr. Depew was in his seat.
and general laughter followed
Mr.. LaFollette named as next to
'F'i gan anu lile lfOckefellerS, 4 grOuu
Of IA men who, he said, were big
operators and men of large power and
interests in their own rights"
| These men find their best interests
lin working in harmony with Morgan
and Standard Oil" No combination
which they could form among them
selves or with others could cope with
that power he declared.
In this list of IA. he placed the fol-
lowing men: w. X Vanderbilt Aug
ust Belmont. Frederick Wyerhouser.
Henry G. Frick. j. Ogden Armour,
George j. Gould. Jacob Schif. r. II.
Hartman. Thomas F. Ryan. Louis s.
Swift. John Jacob Astor. James Spey-
err James j. Hill and w. II. Moore.
/ Stars of Lesser Magnitude.
second class of men in the list
/ are the stars OF lesser magnitude. .
hut men of wealth and power who
work in combination and few of the
higher ranks of attorneys and bank