The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-12-24
Twelve Billion Dollars Rep
resented by Men at Gary
Dinner to Roosevelt Last
Week
DEMOCRATS PLAN
TO MAKE MOST OF
UNUSUAL INCIDENT

-
verse Bills Would Have
Followed
washinsto ton, December 23.--(speciaIo
Nothing is regarded at present of equal
news yuIue to the Gary dinner to Col
Gait nuptiaIs, from the strained dipio-
matte relationship between the United
States and Austria, and from the alleged
nationwide plotting of German con-
spirators. interest. without warming.
has violently veered to republican poll
tics and predatory wealth.
Among democrats, the idea obtains that
Judge Gary, angry because the demo-
cratic administration declined to drop the
suit of the government against the Steel
corporation, trotted out the colonel Tor
the purpose of restoring the government
to the rich and taking it out of the hands
of the people. A democratic leader in
conversation today with the correspond
ent of The Age-Herald, with the above
idea in mind, declared that Wall street,
save only in matters of money, was to-
tally lacking in sagacity.
WALL STREETS WISDOM
"In the first place." he said, 1T
would have been suicidal had the adj
ministration not pressed the suit de-
spite the fact that in all probability it
will be decided in favor of the corpor-
alton In the second place, if Wall
street could only see an inch to the
front of it's nose, it would have been
disastrous to the fortune of the cor
poration had the suit not been APP
pealed. II the government, without
planning for final and permanent
verdict, had dropped the prosecution,
|. countless bills on the following Gay
would have been introduced in the
house to put the corporation out of
/ business.
Nevertheless. despite the mooted ques-
+ tion as to whether or not Wall street in
q political sense, is intelligent, the idea
| prevails that Gary, petulant, planned the
| defeat of democracy, and served his din
ner to prove that predatory wealth was
behind Roosevelt.
THE $4,000, 900, 900
that one-tenth of the total wealth of this
nation, estimated at $4,000 100000, is di-
rectly or Indirectly in the stewardship of
the II men who came together last Fri
day to spend a pleasant evening. And it
naturally follows that if Roosevelt is
dominated, democrats. on every stump in
the country, will recall the dinner Incl
dent, and declare the republican nominee
tc be the Twelve Billion Dollar Candi-
date of Plutocracy."
In respect to the wealth represented at
the Gary dinner, the New York World has
compiled the following Illuminating stat
istics:
REPRESENTS THREE BILLIONS
George f. Baker, banker; personal for
tune estimated at 100000 Director in 60
corporations with combined capitalization
of $3.464, 7l1,T7.
August acknowledgement fortune esu-
mated at $10,000,000; director in 20 corpora
lions; wealth of corporations he repre-
kents, $780, 900.
c. A. Coffin-Personal wealth estimated
at $4,000 900; chairman of the board of d.
rectors of General Electric company; di-
rector in 10 companies. with s2l3. $4,000
capital.
George B. Cortelyou-E Estimated wealth.
j 100000, Mr.. Cortelyou is really the rep
-esentative of the Standard Oil company.
The wealth of the Standard Oil interests
'uns into many millions
E. C. Converse-Personal fortune esti-
mated at s5O,OoO,0OO. Director in many
financial and industrial corporations. The
approximate wealth which Mr.. Converse
represents is not less than $3.50, 100000.
EASILY REPRESENTS A BILLION
Gilbert II. Gary--Personal fortunefes ti-
mated at $50,000,000 Chairman of the
United States Steel corporation. Aside
~, ste l.
zaticn totals $685. 5S3, 500. Mr.. Gary easily
epresents 81, 600 100000 in outside wealth.
Daniel Guggenheim-P Personal wealth es-
imated at $50 100000. May be regarded as
he head of the great copper interests of
his country and Mexico believed to be
substantially in excess of $l5OO,0OOOoo.
A Barton Hepburn-Banker personal
fortune estimated at $1,0O0,0oO; chairman
sf the Chase National bank and director
In 20 corporations; represents not less
han 81, 500, 100000 of wealth.
al Frank b. kellogg-Lawyer. of st. Paul.
k%dr. Kellogg's fortune is generally re-
tarded as comparatively small.
Richard ". Lindablry Lawyer, of New
TX, N. j.. counsel for the United States
fteel corporation; adviser of billions of
ollars of wealth.
Clarence II. Mackey--Estimate fortune.
80 100000. Mr.. Mackeys chief interests
re connected with the MacKay COM
diHcs, the HululilSS tui pOIdtlUii. iiO
robably represents however, fully $780,
600 of outside capital.
George w. Perkins Estimated wealth.
X, 900 600: director of United States Steel
orporation. He represents. directly or
Indirectly, approximately $500. 0000 900 out
Ede of the United States Steel corpora
on
Jacob H. Schiff. wealth estimated at
100, 900 coo, head of Kuhn, Loeb G. Co., the
rivate banking house which has acted
S the financial agent of the Pennsylvania
nd Chicago Milwaukee and st. Paul
ailroads and all the Hartman lines. 1T
estimated that Mr.. Schiff probably rep
asents 81, 600 000. 900 of wealth.
Cornelius Vanderbilt personal wealth
stimated at $50, 600; director In 80 cor
prations; represents s1,5Oo,oo.00o Of wealth.
EPRESENTS OVER $4,000, 900, 900
Frank A. Vanderlip. estimated personal
,rtune, 100000; president and director
the National City bank. which alone
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