The Ward County independent. [volume] (Minot, Ward County, N.D.) 1902-1965, 1910-03-17
TheMorganization Of the World

While the American public has been
surfeited with the recitals Of the
muckrakers, and stories of fraud,
chicanery, corruption, outrage and op-
preston have followed each other IN
such bewildering succession that the
ordinary citizen can hardly keep
abreast Of the headlines describing
them, much less become acquainted
with the multitude Of details. there is
one process, started years ago. which
has never halted, and which steadily
and relently keeps It's course. utter
~ regardless OF, and unaffected ~,
the narratives Of fraud and corruption
that Iostensibly form the lmportans
news OF the day. We have referred
to II many times in the past under
the tile of 'Ths Significance OF the
Trust. = ,, =,
IT has been Z favorite and Oft re-
peated prediction in these columns
that while the general process Of con-
ceutration was inevitable in the pres
ent order Of things. and In no sense
dependent on the action Of certain
groups and individuals. ths entire con-
troll Of this nations sources Of life
was fast passing into the hands Of
the financial combination generally
designated Is the Rockefeller. Morgan
interests, Mr.. Morgan being. In the
public eye at least, the active factor
in the Concentrating process.
However this may be-and It 10 not
4 matter of great Importance whether
Mr.. Morgan is the shadow ana Nj.
Rockefeller the substance. or vice
veraa-1t 10 An indisputabls fact that
this financial group has recently been
drawing the economic power OF The
nstion into its control, with Q rapidity
and on 4 scale never before ap-
proAcheu. Is. .a.
Years ago lists and tables Of The
1naucial and industrial holdangst OF
this group we're published WIKI the
purpose Of warning the American pub
lie OF its vast economic power. A list
Of it, holdings today. however, would
.naks al former lists look pitiable and
tffniae in comparison. The one BIZ
..on dollars OF wealth controlled ~
1t. which used to be spoken Of -
il the amount were 90 stlpendous that
It could hardly be grasped BY the hu'
man mind, has grown to tho still more
tnoornprehensible figure Of ten BIZ
.ltons.
The process Of w1pins the small
,cxpita44st OF the financial slate thru
the superiority Of the trust form OF
organization. hes Of course, never
halted, but IN addition to thtas We
have seemingly arrived at the point
where the large capitalist-the erst'
while master of from ten to tifty or
one hundred million dollars-is being
absorbed or eliminated with appar-
emily a. much .ease % his smaller
brethren. This il the day when the
large capitalist 10 called upon 10
stand and deliver. The strong man.
armed, has kept his house until now,
but q stronger than he has come ana
evicted him.
Hardly had the late Mr.. hartman
been buried when the fact was MADE
nublic that the control of his vast rail-
road. properties had passed into tne
hands of the Morgan interests, though
it is possible and perhaps proDaDie'
that these interests were always the
real controlling power. with Hartman
AS their agent.
The results of the panic notably en-.
r,ched this financial group. Coal ana
iron companies, railroads and INDUS
trial plants by the dozen were ire
aistibly drawn in their direction.
little more than three years ago,
Mr.. Morse had consolidated coast
wise steamship trust. an Ice trust. ana
established chain Of banks. morse
has disappeared from the nnancial
world-d,sappsared into . federal Jan.
whore he II now known mercy p
."No. 1yI4"-and his holdiass have
srsvitatsd in the same general direc'
I'm. Pending The conhr1nasaoa o. nas
sa.eaace no was permitted 70 Leave
~ praaon for the purpose q securing
asvea q oisht millions Of collecteole
assets. which - duly sssssa ever %
the creditors aAA was In thrust MO
fan agat1.
nsasse. tis srstwhls se1pee kips.
Ia. besa slsminatsd. ats hoAi1gs, e.
-Sa,A~a - ,.hs,,,A TIA aaInD - that OF