Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-01-12
Wall Street Is Stirred.

Despite professions to the contrary the
population of Wall street is terribly
stirred up over the money trust investi
cation being conducted by the Puje COM
mittee under the direction Of the crafty
Mr.. Untermyer. The inquisitors are begin
ming to uncover actual conditions and ex-
pose the rottenness of Wall street meth
DDS. The men who have been piling up
colossal fortunes by the flotation of Sc
~curities and the manipulation not only of
the stock market, but of the capital in
control of the banks. are decidedly uncom-
Portable. They do not like the idea of ex-
posture of the schemes whereby they took
advantage of every chance for personal
advantage with the money other people
had repOsed to their keeping and trustee
ship. According to the Wall street ethics
1t has been considered entirely proper to
use trust money to personal ends. and
that has been going with unrestricted
license for nearly half century, the vol
ume and force of the movement increas-
ing year by year. 1t looks now as though
the power of concentrated money might
be reduced. although the combination is
actual power and operations of the money
combination can be Overdrawn and MOTH
Ing which can be revealed by congress
SiOnal investigation can reach the bottom
or measure the extent of the stupendous
manipulation of "other peoples money
for the personal advantage of those in
charge of the keys to a dozen banks and
trust companies. The exposure which is
now going on promises confusion, how
ever, to the big interests and may even
tually effect reforms.
The existence of a money trust is being
proved to the understanding of the null
titudes. 1t has been known and felt in
Wall street for many years. No individual
to do business without the known ap-
prevail Of a small handful Of INSIDERS. :"
This combination is unrelenting In its
opposition to ''undesirables. AS the
power of the so-called money trust has
grown more tangible it's methods for the
enforcement of discipline have become
more clearly defined and more merciless.
The list of "undesirables" who have had
their lives crushed out is long one.
There was no hope for them after they
h adncurred the ill-will of the combina-
ton in control. This is a cold hard fact.
which will not be denied by anybody who
is familiar with the inside of the financial
district of New York. "Cndesirables"
in wrong. either by accident or through
self will and obstinate refusal to wear
the yoke. After the late Mr.. Keene had
lost two or three fortunes he abandoned
the field with the sad admission that he
could not hope to come out on even terms
with the powers that had grown up
around small group of banks and trust
companies He found it impossible to
keep his purposes and plans from being
widely known. Morse. the iceman: Thorn
as. Heinze and dozens of others paid the
penalty. John w. Gates paid s2O,OOOOOO
for his lesson and was only allowed to
escape on promise to be good. The Reid
Moore group survived after battle that
lasted ten years or more, and then only
after establishing the fact that they were
men of extraordinary ability and unsus-
pected resources. Mr.. Leeds. one of the
party. was frightened into deserving his
associates in the midst of a hard cam
paign. He retired with $30OOO.OOO and
died a year or two afterward. The
records are full of the graves of men who
money trust.