New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-09-25
TWO MILLION PERSONS
OWN SHARES N COR
PORTIONS.
Distribution Of STOCK Is Much
Wider than Generally Sap
posed and -lrerdge Hold
ings Ire Small.
iags Ire Small.


Nor nam NO million men and women are
partners in re great corporations Of the coun-
r-y. which. according 10 a recent computation.
represent a capitalization OF nearly S4OOeoeO'-
1OO This Is contrary - TIE general UNDER
standing which IS that The Operations are
close corporations" u mat Ihey are owned
ana controlled b. various snl,tii groups o.
wealthy znen. ~ho tiHem 1or -hel- own proht
and regardless Of the interests 81 any persons
excepting themselves.
Il Is q peculiar fat tat The distribution OF
ne stock. securities and earnings o. the COR
,orations among a VideIing circle os persons
has been facilitated -, me publicity and adverse
1omnsent 10 which the corporations have been
subjected ia tne last t-w years Forced tc tie
defensive ~ adverse criticism. tie heads of the
corporations have adopted methods OF greater
s-ankness and confidence iH communicating the
Affairs OF theic companies 10 TIE public. The
effect has been to awaken thousands Of persons
% the financial advantages resulting from in
.estment in corporation securities. ana 10 lead
them 70 buy these freely for the sake OF the re-
turns that come 10 them thrOug- this source
which are greater than those which they could
gain by investment IN other lines
The extent to which the people are partners N
some o. - great Industrial and railway cor
9orat;uns OF tie United states IS shown D. Tie
oOllcNing figures:
WHO cwN THE SHARES.
American sugar-9o.peO shareholders own S9-1,-
10000 IA stcck.
Pennsylvania Railroad-G00oo shareholders
oEn s3l4.O0OOo0 IN stock.
Eouilman-13,So0 shareholders own 100000
DO in stock
Bell Telephone 100 shareholders own $3.50,
10000 n stock
steel-.2 100 Shareholders own ssGs. 100000 IN
stock
STANDARD ois-5.;4pO shareholders own $685.
10000 IN stock
Union PaciEc-l5"bJ shareholders own $685.
100000 ia stock
New York Central-22 100 shareholders own
sl780y0e 600 II stock
st. Paul-10r0o shareholders own 1928 coo =
90 Ia stock
AmaIgamated Copper-lS"t0 shareholders
1wn sl59 100000 II stock
Southern PaeiGc-l"1p' shareholders own
Sl48Oo0.000 ia stock
. Atchlson-2E10y shareholders oTn s217 Ooo-
900 II stock
sIneI,ers- q 4"e shareholders own $l1oo0o,OoO
"A stock.
These are Griy comparatively few OF the cor
-,Oratcns that are Important ia the financial
economy Of the country and yet ahat is true
II them 50 Tar as stock distribution among the
public Is concerned, holds good with a majority
y their fellow corporations.
IA the list given il Is seen tiat the ownership
~ S3O5l 100000 IL stock Is divided among
nearly 3!,7 600 shareholders
The average Individual holdings in the COM
oanies ramed are not large, the following
dgures show:
American Sugar ~ shares; Pennsylvania, IS
snares: Pu.inlan q, shares; Bell Telephone. 20
shares StoeI. 40 shares; EeH York Central. So
shares; Amag amated Copper. 50 shares Atchi-
son, s. shares: Shelters loG shares; Southern
pacific - shares. ST. Paul 1913 shares. Erie.
is6 erares. Union Pacific, 1870 shares. and
standard OF. rs shares.
HOW INCOMES AVERAGE.
Tie average income derived by the sharehoid-
A. moor. al! their holdings of these stocks Is as
sJlIOws
standard Oil g, 10. Union Pacific SLo6O ST.
pail $3.50; Southern Pacific, $500; Shelters,
$50. Atohison $435. Amalgamated Copper,
$40 New YORK Central 500: Steel 500: Bel
qeleDhone. 5000: Pullman, $3.50; Pennsylvania.
$50. American Sugar, s3lS.
Igdirectly hundreds OF thousands o. persons
sun interests n the railroad corporations,
rhrougH the rooneys Hlich they have out at in
t.r-st 10 TIE 5aHks and which Is invested IN