The Lemmon herald. (Lemmon, Perkins County, S.D.) 1912-1917, 1912-12-20
How Money Kings
Control Finances.
DIRECTORS IN COMMON
Eighteen Firms Have TAG Rep.
reSontatiVeS in 134 Rail and
Industrial Corporations.

Washington. Dec, 19-Charts pre-
seuted 10 the hou money trust In
Ye-tEgating committee show:
That eighteen leading financial
firms, Of which J p Morgan is one
have 1iG directors in 134 railroads
financial and industrial corporations
rnrraseuting an aggregate of twenty.
Eve billion, eight hundred and twenty.
five million dollars.
That condensing the list of those
who control the financial resources of
the country it appears that J. P. 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-.
seDted by 34l directors In various
corporations that have an aggregate
OF twenty-five bilAen, two hundred
and foEty-tire million dollars.
That still further condensing the
list it IS found that the Morgan com
0any the Guaranty Trust, the Bank
~~' Trust ana the First National
Hank are represented by 229 directors
"E the boards Of corporations
That the leading financial institu-
'.aa- have many directors in common,
ing an interlocking system that
Bog as great financial institutions 10
gefhar.
Aa explanation of the chart relat-
ing to Morgan & Co., the First Ma
'ianal bank, the National City bank,
fhe Guaranty Trust company and the
EanAers. Trust company says:
What Five Firms Control.
The table shows that j. P. Morgan
* Co, the First National bank, the
>#atonal City bank, the Guaranty
tEa7t company and the Bankers Trust
company together have:
one hundred and eighteen direc-
s IN thirty-four banks and trust
pahies, having total resources of
.9,poo,000 and total deposits of
'.as3,0 100000
Thirty directors in ten insurance
companies having total assets of 81.
5000, 900.
one hundred and FIVE directors In
ty.tWo transportation systems,
'hg a total capitalization of SILL
5e,"99 and total mileage tex
aG express companies and steam.
t5ues) of 10000.
E.ythree directors in twenty.
reducing and trading corpora.
having total capitalization of
zoos .nG9.
twenty-five directors in twelve
pubic utilities corporations, having
total capitalization of 22,l5O, ,0OO, 900,
IN All 3fl directors in liz corpora.
'"ns having aggregate resources or
tzation Of S22,245, 900 ,0oO."
ae tables also show in detail the
IONS Of each of the large tinan.
institutions with other institu-
@9as, including banks, trust compa-
ales' railways, steamship. industrial
sehip"hles, etc, the explanatory de-
ans OF these affiliations extending
over twenty-five printed pages.
Morgan Ready to Testify
MI Morgan was not called to the
yltness chair when the committee re.
an ed work
samuel uutermyer, counsel for the
ommIftee, said he was not preoe--A
2 examine Mr. Morgan at once. as he
ad number of other witnesses
eheduled to appear.
Sergeant-at-Arms Riden of tho
odse was the first witness called
6 said be and his deputies had tried
vain since June 10 to serve William,
t"feller. Mr.. Untermyer, counsel
Y the committee, placed in the rec.
q kilograms to Mr.. Rockefeller ask.
him to accept service or signify
Willingness to appear. He said he
received no reply. Chairman Puio
made statement covering the
rrts of the committee to serve Mr.
sefeller.
lie said a certificate from Dr Wal.
= Chapel saying that Mr.. Rookie.
was III and under his ere had
received by the committee. He
The committee had informed Mr.
~NetelIer that the certificate would
be recognized unless he accepted
wee All following efforts to serve
ma failed, Mr.. Pujo said. The
aAttee has the power to ask the
.7e ioF writ of attachment to
.e MI Rockefeller to appear.
'ee Newman, special deputy
staht,at-arms, testified that he had
Fehed both Mr.. Rock kefeller's town
2ose and his country house.