Evening capital news. (Boise, Idaho) 1901-1927, 1912-12-19
WHERE THE TORIES OF TODAY STAND.

Yesterday published an editorial showing how the
New York stock exchange through the brokers and bank
es manipulate the finances of the country and the stocks
Of the great industrial enterprises to benefit them
selves and the gamblers of the exchange at the expense
Of the balance Of the country investors and its banks
Quite separately from that editorial there appeared ami
of the hearing before the money trust committee
which told Of the methods Of inerlocking directors mi
the control Of the money and the business Of the country
It was shown that Is Of the greatest Of the
country affiliated in such manner that they con-
1rolled by $50 conferred about the single firm Of J. FL
Morgan Co. practically control the business and theI
finances OF the country They hold in all 46 directorshps
l4 separate corporations These revove about the ISL
selected corporations and these turn reyolve around
the Morgan firm that It readily be seen that for al
practical purposes they under the control of and
the man. at least under the control 81 and the
small group Of men constituting the firm Of j. r
Morgan & Co. These J. p. Morgan, II. F. Davi-
son. w. p. Hamilton, T. w. Lamont Ii. f. Lloyd, j, P.I
Morgan Jr. A. A. NewboId William Ii. Porter, Charles
Steele, I. 7. stotesbu1y and Temple Bovdoin
This group according To the disclosures yesterday,
controls nearly S26000000OoO worth Of the industries
and banks Of the country which directly under their
management say nothing the billions that may be in
directly under their control Ia this control is included
81 railroad systems having total capitalization OF 81
19I0000O0, and mileage Of l63200 The total railroad
mileage Of the country only about 245o0o that it can
readily be seen the powerful influence Of this one small
group upon the railway business of the nation.
This does not include the Rockefeller group of inan-
ciers as We understand the evidence addueed yesterday
This group u also interested III railroads and other great
corporations, particularly the mining and oil industries
Now the second great group should be added to the
that reality controlled By these small groups
of who III turn. controlled, the BY Morgan
and the other by Rockefeller
Thus IN the last and final analysis it will be found that
all the business OF the country worth having under the
control Of two Is il not possible that many
knowing this condition exist and lacking in the courage
to continue fight against such tremendous power, have
deliberately chosen to stand with them trusting their
generosity and protection rather than to stand with the
people for industrial, financial and social freedom2
We inclined to believe it is true Just in all ages
have made like deliberate choice to east their lot with
freedom from such powers. Men in the great reyolu-
tionary period Of 1776 deliberately determined cast
their lot with the English throne rather than fight with
the American people for freedom These the Tories
OF that great struggle.
Men in the great civil deliberately determined to
cast lot with the entrenched slave owners of the south
to the extent of rather than to attempt to
stand out for freedom and national unity as demanded by
the masses of the people Those the Tories of
the civil war.
SO why should it not be expected that men now would
prefer to stand out the Tories of the great industrial
and social contest of the present. standing and battling
with the all but hopeless struggle Of the to free
themselves from such apparently impregnable dom
nation?
But just III proportion as the difficulties that loom up
discourage the faint hearted and cause them to show
their lack of courage by hurryng the sheerng arms
and protection OF the great atocrats of the government
IN the same proportion must the zeal and energy of the
people who prefer to fight for freedom and sefgover
ment increase Just the half-cad ily-fed patriots
under Washington froze and starved at Valley Forge
while their Tory neighbors enjoyed the warmth and