Dakota farmers' leader. (Canton, S.D.) 1890-19??, 1912-12-27
MORGAN RULES ALL
TWENTY-FIVE BILLION DOLLAR
LEAGUE CONTROLLED BY
NEW YORK FINANCIER.
U. S. INDUSTRY IN HIS HANDS
Gigantic co%mbipation Of interIocklns
Directorates Is Shown In Testi-
mony Given Before the Pujo Inves-
tlaation Committee.

tl0Atton COMMITTEES.
Washington. Dec. 20.-The house
at its afternoon session here Wednes
day had j. Pierpont Morgan for a wit
ness. Samuel Untermyer began put
ting questions to the capitalist at 2:40.
His daughter, Mrs. Satterlee; his son.
J.. p. Morgan. Jr.. and Mrs. George B.
Case and Mrs. T. w. Lamont accom-
panied him.
The f%1nancier walked to the chair a:
the end of the committee table. He
was sworn by Chairman Pujo, stand
Ing with his right hand appraised.
Mr.. Morgan. In response to the usual
qualifying questions. said he was a
banker In New York city.
Are you a member of a Philadel-
phia 1rm?" asked Mr.. Untermyer.
Well, that's the same frm." u
swered Mr.. Morgan.
"A Paris house?"
"They are all the same house. The
firm Is in New York with branches in
Philadelphia, Paris and London" said
Mr.. Morgan.
"Who are the members Of the irm?"
Mr.. Morgan gave the following list:
]. p. Morgan. H. p. Dawson, w. p.
Hamilton. T. w. Lamont, H. F. Lloyd.
]. P. Morgan, Jr.. A. A. Newbold. VIII
liam H. Porter. Charles Steele, e. T.
S~totesbury and Temple Baldwin.
Mr.. Morgan said the same partners
were in all the houses.
d you do q general banking bust
ness in New York;"
we try to-"
Mr.. Morgan explained that his nrm
did not belong to the clearing house.
but cleared It's own checks over its
counter.
Tho committee at 1902 o'clock ad-
.Journed for the day.
The enormous power Of allied inter
ests. principally In New York. over the
financial. transportation. insurance.
public utility and Industrial activities
Of the country by mea of interlock-
ing dir~ectorates. was shown In charts
to the house money trust
investigating committee before Mr..
Morgan tool the stand.
The arm members and directors
Affiliations with the Morgan.
Oil and friendly financial
are thus shown number $50.
In the aggregate they hold TAG direc-
in 145 corporations having
total resources or capitalization of
s25, S26. 000, 900 as follows:
Directorships number 1856 in Al
banks and trust companies having to-
.ol ~ns4,,vnn~ - 60 cC0 mn mn nnN <o
al deposits of 1884. 000, 600.
Fifty directorships In II insurance
having total 8 of ST.
OOO. 900.
Directorships numbering 1855 in 81
systems having a total CAPT.
of $12,193, 600. 900. and a to-
al mileage of 163,200.
Six directorships In two express
and four directorships in
one steamship company with a COM
oined capital of $245, 100000 and
gross income Of $97, 900, 900.
Ninety-eight d~irectorships in %
and trading corporations
a total capitalization OF $3,-
583. 000, 900 and total gross annual
earnings in excess of $1,145. 900, 200.
~Forty-eight directorships in 10 pub
ic utility corporations having a total
capitalization of 1885. 900. 900 and to-
al gross annual earnings In excess Of
1928, 900. 900.
Control OF these vas interests Is
through eighteen financial
as follows:
J.. p. Morgan & Co., New York.
Tr@r~k Not{oro1 horlr Nav, V~ulr |
Guaranty Trust company, New York.
Bankers Trust company. New York
J National City bank. New York.
Kuhn. Loeb & Co., New York
National Bank Of Commerce, New
FORK.
Hanover National bank, New York.
Chase National bank. New York.
Aston Trust company. New York.
New York Trust company. New
FORK.
Blair & Co.. New York.
Speyer u Co., New York.
Continental and Commercial Nation
] bank, Chicago.
First National bank, Chicago.
Illinois Trust and Savings bank,
Kidder. Peabody & Co.. Boston and
lew York.
Lee. Higginson Z Co.. Boston and
lew York.
Aged Man Dies Of Fright.
Wabash, Ind. Dec. 20.-Bert Jack
IN, aged eigh.y-ive, an inmate of a
ounty infirmary here. died Wednes-