Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-05-31
,F|NAN(,|ERS
LESS BOLD
)ation Among the
|of "Them Happy
!" Is Interesting.
by 3. c. FORBES.

ny 3. c. FORBES.
DRK, May 3L-In their exca-
long the foundations of Ameri-
7t fortunes governmental in
have unearthed quite few
specimens of high finance 5
Most of our s10O, 100000 for
come from corporate deals
Il or another The richest
we're made when mergers were
e. when our captains of in
ailed scattered plants and by
own only to themselves-the
nsformed them into huge
:. The financial feats then
we're enough to make the
ahles hide their heads and
ne in darkness. it is only
etails of these deeds are be-
IN.
the diggers into the finan-
ent of a decade or more ago
transaction that surely Is
her American or European
. y
ave, an important company
ought under the wing Of the
There was no bargaining mo
ct. The steel trust bankers
its victim to consider itself
ught. The smoothness, the
Tess. the entire friendliness of
roceeding was most captivat-
resident of the company was
Eo painlessly that he did not
Eration had been performed.
financial gem deserves
than it received from most
apers. Here is an account
,eedings as set down by
authority:
Morgan & Co. in bring
e absorption of the Amerl
Company by the United
Corporation, did not go
formality of getting the
consent, ard even didn't
president Il the bridge
tn any negotiations, was
\ the testimony elected
the steel trust hearing
Roberts. Jr, one of the
the governments dis
said that J P. Morgan
~ circular to the share
the american Bridge Com
ing that they would ex
elk of the steel corporation
the bridge company.
mean to say" asked Mr.
,lrnt there were no nego-
sdng this proposal-no
bout the basis of the ex-
none" answered Mr.
Mhe bridge company took
e action whatever in the
was it's president at the
leard OF no negotiations.
NJ mean to say that the first
you had Of the desire of
trroietion to exchange it's
Pr yours was through that
ad had an interview with
u. of J. p Morgan & Co.
interview he told me that
States Steel Corporation
iis to exchange its stock
he American Bridge Com
W zen he asked me ii | would
ne director of the corporation.
j woiiid That was all.
less dentstry-what is it in com
with that
= disclosures since the insurance
s raised have shown that certain
lists did things in a most high
fashion II they could not find
heading to their ends, they made
naEIy. liz need be. simultaneously
covering of the bridgeswal-
comes new proof of nefarious
o. the founder of the sugar
ern now reformed Certain
pits also come to mind, eX
IRE perpetrated without pro
l.ne protests in those days,
pms against a notorious poll
go
things are here recounted,
lc kraking spirit, but mainly
\. i d contrast may be drawn
itcns then and now. Would
be tolerated today? Would
re act so cavalierly? Would
orations dream of thus arbi-
IL
attending the steel trust S
Ii the American Bridge Com
bsorption of the Tennessee
Company. The former was
Y described; the latter was
without the sanction OF
of the United States. Have
led a goodly distance since
yei fast and loose with
y coveted?
,rimes are still committed
n places Too many law
4 engaged to facilitate the
instead of to show how
them Efforts are still
er with legislation Fla
of unfairness toward
occasionally toward en-
coming to the surface
~ III continue to come, for
" s not been transformed
ss But is it not some
that at least some prog
pde in making Big Bust
law, to decency and to
= So SAL OF WARRANT.
4 Lumpkn today asked for the
~ of the warrant against T,o1lis