Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-03-31
MORGAN GIVEN
100000 900
To MANIPULATE
No Other Man Ever Had Control
of as Much of Other Peo-
pies Money,

Perhaps no man ever lived who had
as much Of other peoples money
placed at his absolute disposal as J.
p. Morgan.
1t it, estimated that oyer $500 100000
belonging to outside corporations was
his to do with as he saw fit This
statement is made on the authority Of
Wall Street statisticians, who de
clare that he could, with a wave of
his hand. start or stop the buying Of
any Of the products used by the cor
porations which he dominated.
During the investigation Of the
Stanley congressional committee 1t
developed that the entire cash bal
ance of the United States Steel Cor
poration. amounting to something
over $40 600, was on deposit with
J. p, Morgan & Co.
The vast financial power of this
man can be judged when ii is re-
membercd that his was a private
bank and not subject in any way to
national. state or local supervision or
any constitutional authority Whatso-
ever
Always the Dominator.
As great as this deposit was, 1t
represented but modicum Of the
money, belonging to some one else,
that Morgan held 10 do with accord
ing 10 his pleasure.
Wall Street authorities who were
well acquainted with Morgan, say
that he would seldom go upon the
directorate Of "A company or corpora
ton which he could not dominate.
The result was that the various rail
road corporations and innumerable
other companies that nad him on
their directorate deposited then
money at his bank.
Ii is calculated that the total of
these cash deposits win exceed $780,
00O. 000 and this. with the Steel trusts
deposits, carried the balance beyond
the 100000 600 mark
1t was this StupendOus sum, a pti-
waite working capital of other peoples
money. which enabled Morgan TO
reign as the car of the money world
at least i'm America. and made him
one of the commanding figures in Eu-
ropean finance
Director in 81 Companies.
Mr. Morgan was director in 81
companies. These companies were:
Aetna Insurance Company.
Boston and Maine Railroad Com
pauy.
Carthage and Adirondack Railroad
COMPANY
Carthage and Watertown ami
Sacketts Harbor Railroad Company.
Central New England Railroad
Company.
city and County Contract Com
pany.
Cleveland, Cincinnati, Chicago and
ST Louis Railway Company
Columbus Hope and Greensburg
Railroad Company
DunkIS, Allegheny Valley and
PittSburg Railroad Company
Ellenyille and Kingston Railroad
Company.
First National Bank of New York.
First Security Company Of the city
Of New York
Fort Wayne Cincinnati and Louis
vile Railroad COMPANY
The Fulton Chain Railway Com
pany.
The Fulton Navigation Company.
General Electric Company
Geneva, Corning and Southern
Railroad Company.
Harlem River and Port Chester
Railroad Company.
Hartford and Connecticut Western
Railroad Company.
Jersey city and Bayonne Railroad
Company.
Lake Erie and Western Railroad
Company.
Madison Square Garden Company.
Maine Central Railroad Company
Metropolitan Opera and Real Es-
tate Company
Mexican Telegraph Company.
Michigan Central Railroad Com
pany.
MillbroOk Company.
Mohawk and Malone Railroad Com
panyg
New England Navigation Compauv
New England Railroad Company.
New Jersey Junction Railroad Com
pany.
Controlled Big Roads.
New Jersey Shore Line Railroad.
New York and Harlem Railroad
Company.
New York and Northern Railway
Company
New York and Ottawa Railroad
COMPANY
New York and Putnam Railroad.
New York Central and Hudson
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