The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1912-12-18
Eighteen Financial Institutions
Are Closely Affiliated.
INTERLOCKING DIRECTORSHIPS
One Hundred and Eighty Men
Hold 746 DirectOrships
In Corporations With Resources
Over 25 Billion Dollars.

charts were presented to the house
money trust committee today giving
lists of '1nterlocking directors in a
number of leading financial and indus
trial Institutions; also a table show
ing affiliations of ]. p. Morgan ana
company; Guaranty Trust company,
Bankers Trust company, First Nation
al bank and National City bank and
other corporations through interlock-
ing directorate"
This was in pursuance of that branch
of the committees inquiry bearing on
the so-called concentration of money
and credits" The charts are very
voluminous and contain a mass of de-
tails.
A prepared summary after giving the
names of eighteen selected institutions
said to be affiliated says: /
1.-THE firm members and directors
whose affiliations are thus shown
number $780, In the aggregate they hold
3S5 directorships in Al banks and trust
companies having total resources of
So S32. 900. 900 and total deposits of $2,S34,-
00o 90: fifty directorships in eleven IN
Surance companies having total assets
of 81. GAG, ,0Oo. 900; 155 directorships in 81
railroad systems having a total capital |
izatfon of s12 19S, ,o00. 900 and a total mile |
age of 1853 POO; six directorships in two
express companies; four directorships |
in one steamship company with com
bined capital of S245. 100000 and gross |
income of $97, 900. 900; 9S directorships in |
% producing and trading corporations
having a total capitalization of $685.
900 900 and total gross annual earnings
in excess of 81. Jas. 900 900 4S directorships |
in 10 public utility corporations having
total capitafzation of S2826 ,O0O,OOO and
total gross annual earnings in excess
of s42S 600 900: in all 746 directorships In
1874 corporations. having a total re-
source of capitalization of $25, ,S25,OOO,-
000."
The Morgan Interests.
An explanation of the chart relating
to Morgan & Co, the First Natlonai
bank, the National City bank, the
Guaranty Trust company and the
Bankers Trust company says:
Il. The table shows that ]. P. Nor
gan & Co., the First National bank
the National City bank, the Guaranty
Trust company and the Bankers trust
company together have 11S' directors in
"a banks and trust companies having
total resources of $2,679 600 and to-
tai deposits of $1,9S3, 100000.
Thirty directors in ten insurance
companies having total assets of ST.
293, 900, 900.
lone hundred and five directors in 81
TRANSFORMATION systems having a total
of $11,7S4. 100000 and
total mileage (excluding express COM
panies and steamship lines) of 10000
Sixty-three directors in "a producing
and trading corporations having total
Capitalization of s., ,339, 900, 900.
TWENTY-FIVE directors in II public
utility corporations having a total
Capitalization of $3.50, 100000.
I'm all 341 directors in liz corpora
tions having aggregate resources or
of $2,245, 100000.
The Banking Combine.
d E.
Guaranty Trust company, the Bankers
Trust company and the First National
bank together have;
"Eighty-nine directors in such banks
and trust companies.
..Twenty-nine directors in such in
surance companies.
Seventy eight directors in such pro-
ducing and trading corporations and !
Is directors in such public utility cor
porations. In all 261 directors.
''3. That ]. P. Morgan & Co., the
Trust and the Bankers Trust I
together have:
"Seventy-eight directors in such {
banks and trust companies.
Twenty y-nine directors in such in
companies. ,
''Sixty-four directors in such trans ]
porta ton systems.
''Forty-four directors in such produc- !
ing and trading corporations, and IA
directors in such public utility corpor- ,
atoms. In all 229 directors
Under the head of 81. P Morgan i
& Company the explanation of the t
general table says: {
1.-The table shows further that ]. P.
Morgan & Company and the Guaran- :
" Trust company have three firm
members or directors in common,
Henry P Davidson. William H. Porter e
and Thomas w. Lamont. and the two
irst named, together with George F.
Baker, a director of the First National
0ank. are voting trustees of the stock
IF such trust company.
Directors in Common.
THAT ]. P. Morgan & Company and
he Bankers Trust company have
hree firm directors in common, Henry
?. Davidson, VIM. H. Porter and
Thomas w. Lamont, and the first :
named and Daniel G. Reid are two I
If the three voting trustees of the Il
;tock of such trust companies, George C
". Perkins having also been one of Q
'uch voting trustees until he retired :
rom the firm of ]. P. Morgan & Com 4
1any. a
THAT J. P Morgan & Company and y
he First National bank have three b
irm members or directors in common, K
namely. ]. P. Morgan, Henry P. Dav- C
son and Thomas L. Lamont z
THAT the First National bank and &
he Guaranty Trust company have | I
5eorge f. Barker, Henry P. Dawson o
md Thomas W. Lamont, two of whom t
George F. Baker, Henry P. Dawson
ION are voting trustees of stock of b
uch trust company. 2
THAT the First National bank and e
he Bankers Trust company have five S
directors in common, namely. Henry il