Newark evening star and Newark advertiser., 1912-12-18

had searched both Mr.. Rockefeller S
town house and his country house.
Assets si,s1s,OOO.OOO by 1881.
Tables purporting to show that
four great life insurance companies,
the New York, Equitable, Mutual and
Metropolitan, would have at the
present rate of increase assets total
ing S4,S1S,000,000 in 1881, were present.
ed TO the committee by Lawrence
Scudder, the committees accountant,
VINO was called as an expert witness
py Mr.. Untermyer. On December 81,
I9ll said Mr.. Scudder. the total as
sets of the four companies were
lSS,OOO,OOO, divided as follows:
New York Life, s693, 100000; Mutual
Life. $5S7, 100000; Equitable Life, 1904,
00O,OOo Metropolitan Life, 1858, O0, ,O0a.
Mr.. Scudder estimated the combined
assets in 1916 as 81. $50. 900 900; in 1921,
$S,22S 100000; in 1926, SO, 7S3, ,000. 900: in
1881, &,91S,000,0O0. Mr. Seudder's $
tables purported to show that at the
latter date under the rate of progress
ne figured upon the individual assets
OF the four companies would be:
New York, s1,501 100000 Mutual, ST.
Vo6,0OOO 900; Equitable, $s52. 100000;
Metropolitan, 1909, 900, 000
InferIocISing Directors.
Elaborate charts were presented to
the House money trust committee to-
day, giving lists of "interlocking di-
rectors" in number of leading finan-
cial and industrial institutions; also,
table Showing affiliations of j. p.
Morgan & Co., Guaranty Trust Com
pany, Bankers Trust Company, First
National Bank and National City
Bank and other corporations through
interlocking directorates"
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 mass of details. A pre-
pared summary of the table on inter-
locking directorates says:
Affiliated Banks.
This table shows the affiliations of
eighteen selected financial institu-
tions, namely:
j. P. Morg IN & Company, New
York: First National Bank, New
York; Guaranty Trust Company, New
York; Bankers TTust Company, New
York National City Bank, New
York; Kuhn, Loeb & Company, New
York; National Bank of Commerce,
New York; Hanover National Bank.
New York; Chase National Bank,
New York; Astor Trust Company,
New York; New York Trust Com
pany, New York; Blair & Company,
New York; Speyer & Company, New
York; Continental and Commercial
National Bank, Chicago; First Ma
tional Bank, Chicago; Illinois Trust
and Savings Bank, Chicago; Kidder,
Peabody & Company, Boston and
New York; Lee. Higginson & Com
pany, Boston and New York, with
the greater banks, trust companies
and insurance companies and trans
portation systems, and producing and
trading corporations and public util-
ity corporations through representa-
tion upon their boards of directors.
Resources s3,s32. 100000.
1.-THE firm members and directors
whose affiliations are thus shown
number 1870. In the aggregate they
hold 1856 directorships in Al banks
and trust companies having total re-
sources of SO, So, ,0OO, 900 and total de-
posits of $2.SS4, 100000; fifty director
ships in eleven insurance companies,
having total assets of $2,646, 900, 900;
155 directorships in 81 railroad sys-
TENS having a total capitalization of
$12, 1913, 100000 and total mileage of
1853 200; six directorships in two ex-
press companies and four director
ships in one steamship company with
a combined capital of 245,000,000 and
gross income of $97,0OO,OOO; 9S direc-
torships in 2S producing and trading
corporations having a total capitali-
zation of 1883, 100000 and total gross
annual earnings in excess of $i,145,-
100000, and 48 directorships in 10
public utility corporations having a
total capitalization of $2,S24 000, 900
and total gross annual earnings in
excess of $42S, 100000; in all 746 di-
rectorships in 1874 corporations hav-
ing total resources or capitalization
of $25, 100000"
Chart Explained.
An explanation of the chart. relat-
ing to Morgan & Co., the First Ma
tionaf Bank, the National City Bank,
the Guaranty Trust Company and
the Bankers Trust Company, says:
1.-The table shows that J. P. Nor
gan & Co.. the First National Bank,
the National City Bank, the Guar
anty Trust Company and the Bank
ers' Trust Company together have:
"One hundred and eighteen di-
rectors in thirty -four banks and trust
companies. having total resources of
$2,679,0O0,OOO and total deposits of
s1,9S3, 900, 600.
Thirty directors in ten Insurance
companies, having total assets of |
$2,293 900, O00
zone hundred and five directors in
thirty-two transportation systems, |
having a total capitalization of $11,-
784, 600, 600 and a total mileage lex
Guiding express companies and
steamship lines) of 10000
'Sixty-three directors in "a pro-
ducing and trading corporations hay-