The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1910-03-29

The system nf lntcflucklng boards
OF directors furnishes Il remarkable
exhibit OF community Of lniercsts,
dominating not only financial irstl.
ntions, but ndust iul corporations
and great railway companies
IN The board pl The sieol trust. with
It's SliON00. 900 of surplus. are Messrs,
Morgan, Perkins, Bakor and Frlck.
who meet around the table there
John H. Rockefeller lra William H..
Moore Daniel G Reid and foremost
capitalists of Chlcpyo and i'itlshurg.
ln The National city bank hoard
McSsrs, Morgan, Perkins, William
Roekc(cller $ llman and Frick meet
Jacob Il SchiI of Kuhn, Loeb and
Co., and The representatives OF other
wealthy houses
IN The massive Farmers Loan and
Trust company. Messrs, Baker, still
man aad Percy Rockefeller 3oin with
members uf the oldest New York
families OF Inherited wealth
The gene al public haraiy knows 4
corporation entitled he First Secur
l,y company It's directors are the
same as those OF the First M lonal
bank Il WAS formed a YEAR or more
ag0 20 take over tgom the bank Ger
lain spceula i've sock holdings. he,
cause people do NO, look With much
favor on national bank beius 100
deep In M stock game.
Something more han S60O00,eNN ot
securities We transferred TO this
inner company, Il is supposed to
hold control OF he L, aiding company.
,he holding corporation which Ia turn
owns control ol ,he Reading railroad.
the Central Railroad OF New Jersey,
aud 'he Readmg Coal aad iron GEM
parN whioa domlna os ,he coal
grust Through this security com-
piny some Of the creates pools ana
manirNlaliGnS Of the StGcN marke
ae supposed 20 be carried GA,
Wllh command over 0u enormous
smoWi ef ready moreN ana with az.
seetng influence ever a large number
o. allies, This meaey ;rWSi able 10
WELD financial power Sutticien, 20
make cr break ma iouat vcoSlN.,ts.
nAlit al cred and even VltalE tO
affect national goyeramept
u could tAll SeoN NAeNtNe OF leans
ever pis0, ana ruin any atye Sary
/, coOld reduce credits lo SNch s.
ssgee rs io cau>t extreme money
sNivseacy and srtai ccmUervi2l dis,
.9VsS.
J could He MP Rae cash holdings o.
New YORK banks ay demanding cer-
,1catiOr N cAcekS la- enormous
amounts
], could de- lclc Iag bank reserves
Sc NcN 1er6 oy causing 80. s.z-elll s
g. casa io any p2 cf rRe coanlr,
l. cos'd wskc tc mcncs ralc al
.aiCrcs am- & Nha- 3; cnese. lTeaa :
lsf sep, to iua pcr cODi Oa c4l io3ns
Il c0aii Cripnl tac aIancial opcfa-
leas ,f 'he SVtcrmru. hy NiH>ias
BE pnr base anN Bond issue
* caNl l.cfa,e hc nusprfAl Clfc-s-
itus ol erva E0iw4y system, aal
expanding Hdus risl corporations.
q coaid and does dictate thc leros
Ana cNse IONS oi cV company pnr
moilcn iaat IS lmlsoI Ar eHVGsh ri
ee Haancod 70 Nah sireci
This money rust unincorporaied.
gt, co0cnctc iu operation, unoilic.a
yc' directed ls ere man Morsan, aus
baa = dczeR ai0S ancap''Hi'e,d yes
commanding nnlmlird capital BIS
community ~ financial interests
,hc most powerful organization iH
America
IN NiuN 0l the lac iNat ilo asset $
q he EaSicn Insurance companieS
operating Ia Kansas Wil agsrcgss g
as, three billions Of dollar> Nhiie
toe capital Invested ln thc business
hy the stockholders ot these ssms
companies is less than slNty-iiye u.h
lion dcllars il il readily apPannt G
whst cNlcni ihosc cl'mpsnlts are CON
ceuim9us the couttUl of ecalih 20