Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1911-09-12
CONTROL s4s DIREcToRsHIPs.
Importance Of Morgan and His Asso-
ciates In Business World Shown BY
Votes They Have.

Importance Of Morgan and His Asso-
ciates In Business World Shown BY
Votes They Have.
J. P. Morgan and his partners in the
great banking house hold a total of 226
directorships or trusteeships in busi-
ness enterprises. If you add to that
number the directorships held by the
three stanch Morgan colleagues, Geo.
F. Baker, Geo. w. Perkins and E. H.
Gary, Morgan actually controls 34S
votes in large business concerns of the
country But that is by no means a
definite sign Of the amount Of influence
Morgan has. His control Of many of
the city's large banks and trust COM
panies gives him a first lien on the
votes Of directors and officers Of those
companies, so that the total becomes
much larger and much more signifi-
cant. OF the 34S votes, ]. P. Morgan
himself has 65, larger number than
the total Of any other man in his firm,
and larger even than that Of Baker,
who has So directorships.
John D. Rockefeller has only one vote
in his own name, and that Is as pres
ident of the Standard Oil company.
But John D. is not without such influ-
ence, as is to be proved from perusal
of the number of directorates held by
his colleagues in business, among
whom is his brother William, with A
directorates.
1t probably will surprise lot of peo-
pei to know that Morgans total of 65
directorships is by no means a record;
not anywhere near it. William C..
Brown, the president of the New York
Central railroad, puts ]. P. in the
shade, with a total of "a directorates.
To what prominence Brown has sprung
in railroading may be judged from the
fact that in 1905 he was not listed as a
director of a single company. But
even Browns wealth of votes in cor
poration affairs is not the high-water
mark.
William H. Newman, of whom even
the average Wall street man hears lit
tie, is a director in 95 corporations.
Newman's directorships are largely in
subordinate companies of the New
York Central system. And, really, s5
is a modest number for him, for in 1909
he had all previous and subsequent
records beaten by holding 112 director
ships. In 1901 he wasn't even listed
of
Next to the big boss himself, Edward
T. Stotesbury holds a larger number
of directorates than any one else in ].
P. Morgan & Co. Stotesbury's influ-
ence in finance has been increasing
rapidly in the last few years. He held
only "a directorates in 1905. Charles
Steele, another Morgan partner, has 25
drectorates, Thomas w. Lamont has
10, william H. Porter has 81, William
Pierson Hamilton, Morgan's son-in-
law, 81, and Henry P. Dawson, IL.
Strangely enough, ]. p. Morgan, Jr.,
has only 8, but then he may be wait
ing to replace his father on 65 boards
if the elder Morgan decides to retire.
Frederick d. Underwood, president
of the Erie railroad, is not laggard
when compared to other men who hold
vast influence through being directors
of many companies. He is director
or an officer of S3 different corpora
tions, most of which, of course, are
subsidiaries of the system which he
commands w K Vanderbilt Jr has
76 directorates, and his father has 62.
Chauncey NJ. Depew has only 63 such
posts, which, when compared with his
total of 76 in 1901, indicates he is grad
ually relieving himself of business
cares-New York Press.