The Richmond Virginian. (Richmond, Va.) 1910-1920, 1915-08-26

industries covered by the report OF
our investigation. The Morgan-First
| National Bank group alone controls
corporations employing 7S5,4s9 wage
earners. That this control Is effec-
tive is shown by the following tele-
gram from ]. p. Morgan to Z. H.
Gary:
i AK les Bains.
/ E. Fl. Gary, New York.
/ Have received your cable of yester-
| day. My own views are in accordance
with those of the financial committee
! in New York. Certainly until question
of wages has been settled by the coal
and railroads. which still in allegiance.
but settlement seems imminent. Whole
question wages should be settled stimuli
!, taneously by all interests II possible.
Going Paris Wednesday. Will see
there II. c. F., P. A. b. w. and will
cable you result of interview. If pos
sible and meets your approval. think
better wait until after interview.
Perfectly delightful here, Weather
superb.
i j. P. NJ.
/ s. The lives of millions of wage
earners are. therefore, subject to the
4 dictation of a relatively small number
of men.
- InS5S the
most part are totally ignorant of every
aspect of the industries which they
control, except the finances, and are
totally unconcerned with regard to the
: working and living conditions of the
employees In those Industries. Ever
tif they were deeply concerned. the
position of the employees would be
merely that of the subjects of benev-
) olent Industrial despots.
10. Except, perhaps, for improve
ments In safety and sanitation. the
labor conditions of these corporation
controlled industries are subject te
!. grave criticism. and are menace tc
the welfare of the nation.
IL. In order to prevent the organi-
cation OF employees for the improve
ment of working conditions, elaborate
systems of espionage are maintained
by the large corporations which re
fuse to deal with labor unions. and
employees suspected of union affilia'
: ton are discharged.
IL, The domination by the men II
4 whose hands the final control of 1
4 large part of American industry rest
!. Is not limited to their employees, blu
Is being rapidly extended to contro
the education and social service" o.
the nation.
49, This control is being extended
largely through the creation of enor
nous privately-managed funds of In
:, definite purposes, hereinafter desig
I mated Foundations by the endow
ment of colleges and universities, b,
a the creation of funds for the pension
ing of teachers, by contributions t.
T private charities. as we'll as through
j controlling or influencing the public
press.
Ia. Two groups of the 'founda
tons" namely, the Rockefeller ant
4 Carnegie Foundations. together hav'
funds amounting to at least $250,O00.
900, yielding an annual revenue OF a
least sl3,500, 900, which Is at ieas
= twice as great as the appropriation
$ of the Federal Government for SINH
o lar purposes, namely, education ant
social service.
Is. The funds of these foundation
: are exempt from taxation, yet durinl
s the lives of the founders are sub
ject to their dictation for any pur
. pose other than commercial profit. II
the case of the Rockefeller group o
e foundations, the absolute control o
= the funds and of the activities OF TIN
institutions now and in perpetuit.
, rests with MIR. Rockefeller, his son
= as their successors"
0 THE ROCKEFELLER FOUNDATIOf
8 16 1.-The control Of these funds ha
u been widely published as being in M
: hans of eminent educators and public
y spirited citizens. In the case of tn
Q Rockefeller foundations, however, no
: only Is the control in the hands o
I Mr.. John D. Rockefeller. Jr., and tw
OF the members of the personal stat
of Mr.. John d. Rockefeller. Sr., VIII
. constitute the finance committee. blu
q the majority of tie trustees of tn
funds are salaried employees OF MI
? Rockefeller or the foundations, VIII
G are subject to personal dictation ant
4 may be removed at any moment.
II. The funds OF these foundation
e are largely invested in securities o
q corporations dominant in American
q industry. whose position has beel
I analysed under the early headings o
p this section The policies of thes
y foundations must inevitably be col
! ored. II not controlled. to conform
to the policies of such corporations.
2 IS. The funds of the foundation
represent largely the results either o
: the exploitation of American worker
: through the payment of low wages O
! of the exploitation of the American
public through the exaction of hgl
: prices. The funds. therefore, by ever.
: right. belong to the American people
: 10. The powers of these foundation
are practically unlimited. except tina
they may not directly engage In bust
ness for profit In the words OF Pres
ident Schurman. OF Cornell. himsel
a trustee of the Carnegie Foundation
20. The charters of these founda
: tions. with their almost unlimited
Q powers. were granted under condi
e tons of such laxity that IT has beer
testified by an eminent legal author
ity who made an extensive investiga
4 ton that those granted by New Yorl
{. State are legally defective and uh
4 constitutional. Furthermore, evidenc,
developed by the hearings OF the
commission showed that In increasing
the number of It's trustees witnou
4 complying with the requirements o
4 the law governing corporations. tn,
: Rockefeller Foundation has alread,
! been guilty OF breach Of the law.
! 81. These foundations are subjec
] to no public control. and their powers
n he nfx hu sff4f7attl