Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-08-21
So RULE u. S.
GERARD SAYS
Former German Ambassador
Lists Industrial
Powers

NEW YORK, Aug. zl-R1- IN
the opinion Of James w. Gerard,
former ambassador TO Germany, 50
men "rule the United States"
Mr.. Gerard compiled a list Of the
men for today's New York Times,
which asked him TO amplfy a
sentence in a pamphlet he wrote
indorsing the crusade Of Viscount
Rothermere and Lord Beaverbrook
for British empire free trade and
high protection. In that pamphlet
he wrote:
"Give the 40 men who rule the
United States ten years for the
development Of this industrial en-
pire (The British empire) and no
country on earth could approach II
in per capita wealth"
Explaining why he. as an Amer
lean, should write on the subject,
Mr.. Gerard wrote: Il offer a. my
excuse the interest that America,
In common with all the world. has
in the preservation Of British
prosperity"
The list includes leaders in amer
lean finance, industry, the amuse-
ment field and journalism. but
omits President Hoover and all
others holding state and national
offices save Secretary Mellon.
Mr.. Gerard explains the actual
sspower behind the throne" is
welded BY men whose wealth and
important industrial positions IN
the nation give them a permanent
influence in American life. States
men, he said, are usually sho-n Of
most Of their power when tney
retire.
The list in the order given by
Mr.. Gerard follows:
John D. Rockefeller. Jr.. Andrew
w. Mellon; j. P. Morgan; George
+. Baker, banker: John D. Ryan
copper magnate; Walter G. Teagle,
president OF the Standard OIL COM
pany Of New Jersey: Henry Ford;
Frederick z. weyerhaeuser. lumber
magnate: Myron G. Taylor, chair
man finance committee United
States Steel corporation: James a.
Farrell, president United States
Steel corporation; Charlie M
'Schwab. chairman Bethlehem Steel
corporation; Eugene c. Grace, pre-
sident Bethlehem Steel corporation
II. NJ. Warner and Adolph luxor.
motion picture magnates; William
III. Croker, banker; Q. p. and M
]. Van Sweringen. railroad mag
mates; w. w. Atterbury, president
PENNSYLVANIA railroad; Arthur Cur
tiss James, large holder OF ralIroao
securities; Charles Hayden. imam
cier; Daniel o. lacking, president
Utah copper company; Arthur NJ.
Davis. president Aluminium COM
pany OF America: P. NJ. GosSler,
president Columbia Gas and Elec-
trio corporation; r. c. Holmes, pre-
sident Texas corporation, OIL pro-
Queer: John j.. RaSkob; the Du
Pont family (seven members; Ed
ward J.. Berwind, iinancier; Daniel
willard, president Baltimore ano
Ohio railroad; SoStheneS lem
chairman International Telephone
and Telegraph corporation; Walter
8. Clifford, chairman American
Telephone and Telegraph company;
Owen D. Young, chairman Genera
Electric company; Gerard Swope-
president General Electric COM
pany: Thomas w. Lamont. Of J. P
Morgan and company; Albert H.
Wiggin, banker; Charles E. Nit
chell. banker; Samuel insult, Elec-
trio power magnate; the seven
Fisher brothers, motor magnates;
Daniel Guggenheim and William
Loeb, mining m~agnateS; G.. w. Hill
president American Tobacco COM
pany; Adolph S. Ochs, publisher;
william Randolph Hearst, publish
er; Robert r. Mccormick and
Joseph Medill Patterson, publishers;
Julius Rosenwald, merchant; Cyrus
II. K. Curtis, publisher; Roy w.
Howard. publisher.
No attempt was made by Mr..
Gerard to rank his selections ac-
cording to his opinion Of their i'm
rortance, but he expressed the be-
lief that as a class the bankers
exert the greatest influence. because
they control the purse strings Of
the nation.
He declared while all these men
are too busy to run for political
office, their influence. financial, in
dustrial and semi-political. deter
mines the men who shall go in
office.