The evening world., 1914-01-03
BAKER AND WIN. Rockefeller,
WITH JAMES ST|LLMAN, WILL
FOLLOW LEAD Of MORGAN

S'sso snereS IN the NattOnoi CITY benk
are worth about SIS, ooo. 900 Mr.. Jacob II.
schiff aptiy described this a. - very
nice investment"
" Mr.. Bakers investments We know
more. as he testified on many subjects.
His 1000 shares In the First National
Bank are worth at least go. 900 900. His
stocks In six other New ork banks and
trust companies are together worth
about 100000. The scale Of his invest
ment In railroads may be inferred from
his former hot.ags In the Central Rail-
road Of New Jersey.
He was its largest stockhoider-so
large that with . few friends he held a
majority Of the ~. 43s 800 par value Of
outstanding stock. which the Reading
bought At SEQ per anare. He u . direc-
tor In twenty-eisht other railroad COM
panies, and presumably . stockholder
IN at least a. many. The full extent OF
his fortune was not inquired into. for
that was not an Issue In the investiaa-
ton. But II Is not surprising that Mr.
Baker saw little need OF new laws.
When asked:
you think everything Is all right a.
II 10 IN this world. do you notT'
l
POWER OF THE ALLIES WEALTH
IS DYNAMIC.
But wealth expressed In figures gives
q wholly Inadequate picture Of the II.
lies power. Their wealth 10 dynamic.
II 10 welded by geniuses In combina-
ton. 1t finds its proper expression In
means OF control. To comprehend me
power Of the allies we must try to
visualize the ramiflcations through
which the forces operate.
Mr.. Baker 10 director in twenty-five
corporations having with their many
subsidiaries aggregate resources or CAP
itallxataon Of O.272,0 900. But the d.
rect and visible power Of the First Ma
tional Bank, which Mr.. Baker domi-
mates. extends further. The Pujo report
shows that Its directors Qncluding MI
Bakers SOM are directors In At least
twenty-seven other corporations with
resources of t.2'0. 900 900. That 10. the
First National 10 represented In forty.
nine corporations with aggregate re-
sources or capit&iization Of @il,s<2. 100000.
Y II may help to an appreciation OF the
allies power to name few Of the more
prominent corporations In which. for
instance, Mr. Bakers influence u sx-
erted-visibiy and directly-as vouna
trustee, executive committeeman or sim
pie director.
/. Banks. trust and life insurance CON-
: panies: First National Bank OF New
York. National Bank OF Commerce
= Farmers Loan and Trust Company. M
tual Life Insurance Company.
nAN nj
Central Lines, New Haven. Reading
Erie. Lackawanna.- Lehigh Valley
Southern, Northern Pacific. Burlington
= 4 Public service corporations: Amer
y can Telephone and Telegraph Company
Adams Express Company.
). I. Industrial corporations: Unlte'
States Steel Corporation. Pullman Com
pany.
Mr.. Stiliman 10 director In seven cor
V porations with aggregate assets o
d e2.47s. 900. 900. The directors OF the Ma
. tlOnal City Bank. which ~ dominates
are directors In at least forty-one othe
I. corporations which. with their subsidl
aries. have an aggregate capitalizatio
or resources Of el0.6 100000.
The members Of J. p. Morgan 4 Co
the ackno Wledged leader Of the allie
:, forces. hold ssventy-tvo dirsctorships
- forty-ssvsn OF the largest corporation
|" In the country.
- The PuJo Committee finds that tn
% members Of J. p. Morgan & Co. and tn
y directors Of their controlled trust com
C. panies and OF the First National and tn
:. National City Banks together hold:
=. zone hundred and eighteen director
~ ships In thirty-four banks and trui
companies having total rscourcss {
10 q. s7s. 900 and total deposits Of 1.se3
10 10000
i. Thirty directorships In ten insuran<
n. companies having total assets q e. ~
. oeo,ooo.
II. zone hundred and hvs dirsctorships
Of thirty.two transportation systems ha'
N ing Q total capitalization OF nj. ~. 1000
4. and . total mileage Excluding exprs>
CO companies and steamship liues) Of lso n
C. "sixty-three directorships In twent.
n. four producing and trading corporation
in having . total capitalization OF O.asi
m 100000
A Twenty-Five directorships In twel'
4 public utility corporations having q tot
,rs capitalization Of 2.l60, 000. 900.
Al I'm all. ~ directorships IN Ia corpo
rio atoms having aggregate resources
n- capitalization OF S22.3tS. 100 ooo."
IT. WHAT YOU COULD 90 WIT
no Sz2,ooo. 1000 Co.
A., Twenty-Five billion dollars u lar
sum-so large that We have dimcul
-, In grasping its Significance The mil
realizes sligo only through comparison
~ With what can We compare twent
two billions OF dollarsf