The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1912-12-19
DIRECTORS IN COMMON
Eighteen Firms Have 746 Rep
TaSentatlveS in 134 Rail and
Industrial Corporations.

sented to the hou~e money trust In
~yestigating committee show:
That eighteen leading financial
firms, of which j. p. Morgan is one,
have TAG directors In 134 railroads,
financial and Industrial ca porations
representing an aggregate II twenty
five billion, eight hundred and twenty.
five million dollars.
That ~condensing the list of those
who control the financial of
the country 1t appears that j. =. Nor
gan & Co., the First National bank,
the National City bank, the Guaranty
Trust company and the Bankers Trust
company, all of New York, are repre-
sented by 341 directors In various
corporations that have an aggregate
OF twenty-five billion, two hundred
and ~forty-tlve million dollars.
That still further condensing the
list 1t Is found that the Morgan COM
pany, the Guaranty Trust, the Bank.
ers' Trust and the First National
bank are represented by 229 directors
on the boards OF corporations.
That the leading financial institu.
lions have many directors in common,
forming an interlocking system that
binds great financial institutions to-
gether.
An explanation of the chart relat-
fnO IN Mnruun a. M tho LNrgt Ma
tional bank, the National City bank,
the Guaranty Trust company and the
Bankers Trust company, says:
What Five Firms Control.
"The table shows that j. p. Morgan
& CO., the First National bank, the
National City bank, the Guaranty
Trust company and the Bankers Trust
company together have:
zone hundred and eighteen direc-
tors in ~thirty-four banks and trust
companies, having total ~sourc of
$2,679, GOO, 600 and total deposits of
1888, 900, 600.
Thirty directors in ten insurance
companies having total assets of ST.
1893, 000, 900.
One hundred and five directors in
thirty-two transportation systems,
having a total capitalization of SILL
7S4,000,0 and a total mileage Eek
GLIDING express companies and steam
ship lines) of 10000.
"Sixty-three directors In twenty
four producing and trading corpora
tons, having a total capitalization OF
$3,339, 600, 900.
twenty-five directors in twelve
public utilities corporations, having
a total capitalization OF 81, $50, 600, 900.
In all BAL directors In 112 corpora
tons, having aggregate resources or
capitalization of $22, 245, 200, 000."
The tables also show In detail the
affiliations Of each of the large finan.
cial institutions with other institu-
tons, including banks, trust compa-
MES, railways, steamship, industrial
companies, etc, the explanatory de-
tails OF these affiliations extending
over twenty-five printed pages.
Morgan Ready to Testify.
Mr.. Morgan was not called to the
witness chair when the committee re.
sumed work.
Samuel Untermyer, counsel for the
committee, said he was not prepared
to examine Mr.. Morgan at once, as he
had a number of other witnesses
scheduled to appear
Sergeant-at-Arms Ridell OF the
house was the first witness called.
He said he and his deputies had tried
in vain since June 10 to serve William
Rockefeller. Mr.. Untermyer, counsel
for the committee, placed in the rec
ord kilograms to Mr.. Rockefeller ask
Ing him to accept service or signify
his willingness to appear. He said he
had received no reply. Chairman Pujo
then made a statement covering the
efforts OF the committee to serve Mr..
Rockefeller.
He said a certificate from DIR. Wal
ter f. Chapel saying hat Mr.. Rookie
Teller was i'll and under his care had
been received by the committee. He
said the committee had informed Mr..
Rockefeller that the certificate would
not be recognized unless he accepted
service. All following efforts to serve
him had failed, Mr.. Pujo said. The
committee has the power to ask the
house for a writ of attachment to
force Mr.. Rockefeller to appear.
Selee Newman, a special deputy
sergeant-at-arms, testified that he had
searched both Mr.. Rockefeller's town
house and his country house