The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1912-12-18
committees statistics:

4
Control of twenty-three directors
In thirteen banks and trust compan
les, with resources of s1,4o6 100000
and deposits OF $3.50 1000 900.
Four directors in four Insurance
companies with assets of $1,24s,0oo,,
900.
Twenty directors In twelve rail
roads capitalized at $3.50 100000
with mileage of $4,000 miles and
gross income of s72,0Oo.ooo annually.
Twelve directors in seven indus
trial corporations, capitalized al ST.
$50 100000 and earning annually
$685., 900 900
-Four directors in three public util-
| ity companies, capitalized at s1.01S.-
900 900 and earning $l0,0s600o an
nually
In all slxty.three directors in thirty
| nine corporations having resources of
| $10,O3e, 100000.
| 1t was shown thai the Morgan firm
has three directors each in the Aston
/ Trust Company; the Bankers Trust
Company and Chemical National
bank, the First National bank and the
Guaranty Trust Company, and other
| directors in the Liberty National
bank, the National bank of Com
/ merce; the National City bank; the
New York Trust Company and the
Fourth Street National bank of Phila-
deIphia; the Franklin and Girard
4 Trust Companies Of the Quaker city,
and the Philadelphia National bank.
4 Representation by Morgan in the
following insurance companies was
also alleged:
The Fidelity and Casualty Com
pany; the German American 1nsur-
ance Company; the Mutual Life and
the Penn Mutual and controlling
stock interest in the Equitable Life
Assurance Society of New York.
Transportation companies in whose
board of directors Morgan represen
tatives sit were said to be:
International Mercantile Marine
, Co.; Adams Express Company At
Gibson, Topeka and Santa Fe, Chi
cago Great Western; Erie; Lehigf
, Valley, New York Central; New
York, New Haven and Hartford
Northern Pacific; Pere Marquette
, Reading and Southern
! Morgan" directors are also ascrib
ed to the Baldwin Locomotive Works
the General Electric Co.: the Inter
!, national Agricultural Corporation
!, the International Harvester Co.; th'
! United States Steel corporation
(four) and the Westinghouse Electri
Co.; the American Telegraph and Te
ephone Co.; the Philadelphia Rapi
Transit Company, and the Publ
Service Corporation of New Jersey.
L. was also declared the Morga
company has two or three voting trus
tees controlling the Guaranty Trus
a Company of New York, one Of tire
a trustees of the Bankers Trust Co
= che of three trustees of the Chicag
y Great Western railway; two Of fiv
y in the Mercantile Marine trustees
% one Of three voting trustees of til
IN Southern railway and one trustee I
o. the voting trust" of the Intern
% tional Agricultural corporation.
" 1t was also shown that j. Pierpoi
"a Morgan and Company and the Qua
anty Trust Co have three commo
firm members and directors-Henl
p Dawson, VIM. P. Porter ar
Thomas w Lamont The first tW
and George F. Baker we're also d
!, clared to be voting trustees of IL
a. company. Like control of the Ban
:, ers Trust Co. was also set fort
I Three Morgan members, it was ga
~ ed are also directors OF the Fir
: National bank.
- How the First National, the Qua
- anty and Bankers Trust, the Cha
~ National and National Bank OF Col
~ merce companies also have fro
three to nine "interlocking' directo
was shown.
The statistical tables showed tn
~ the Morgan firm, the First Nationa
" National City, Guaranty and Banke
Trust companies together have:
"a 11S directors In 81 banks and tru
= 100000 and deposits of 1888, on
~ Thirty directors in ten insuran
- companies with asests of s2,293,0o
.. 900.
1O5 directors In thirty-two transp'
- tation lines, capitalized at Sl1,7S4,00
iie 600, with mileage of 10000 miles.
~ 63 directors in 80 industrial corp
~ ations having a total capitslizati
y of S3,339,ooo,0 900
- Twenty-six directors In twelve pl
lie utility corporations capitalized
ny 81, 150000,OO
Or Total financial control of these f
Or great companies was stated to be
"a directors in 122 corporations with
~ gregate resources of s22 ,245,000 900
netails Of the concentration