The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1936-04-10
NO DEPRESSION FOR
RULERS OF AMERICA
STUDY SHOWS

AMHERST, Mass.-There,s no
lea. Ni0" AiileH-
In The Rulers of America I'm
C0e:T t Publishers, New York
City, $500, Anna Rochester of fbe
Labor Research Assn. has brilIiant-
~ shown the forces that control
Uncle Sans 100000 nephews
ana the manner in which thew 90
ABOUT their systematic work of
collecting profits and completing
their control. Now. she adds:
L. Through an interlocking net
work, the House of Morgan con-
trolls more than a sixth of the cor
porate wealth of America, includ-
ing within it's sphere of Influence
some 35 banks and 60 principal
corporations, with assets of 80
billion dollars. If one adds in the
outer fringes of the Morgan en-
plre, a financial grip upon 18 bill
lion dollars of additional assets is
to be noted.
2. The Rockefeller cabinet takes
second place, content with a d.
rect control over only some 21.5
billion of assets, exclusive of real
estate holdings. Were one to link
in the outer fringes of the Rookie
teller empire, other billions would
be added.
8. Considered from the stand
| point Of the 200 largest non-bank-
ing corporations, the comparative
score seems to stand Morgan con-
troll, 81 per cent; Rockefeller con-
troll, II per cent; both important
but indecisive, 3 per cent. A con-
tinuOus tug of war is stated to be
in effect, both groups struggling
| for greater power and privilege
but with the Morgan faction re-
tanning the upper hand.
4. Andrew Mellon has come out
third best in the fight, although
his interests have been rapidly adj
vancing in recent years. His di-
rect sphere of control extends
only over some A Ia billion of
assets in 35 banks and insurance
companies and 40 non-financial
corporations. The outer reaches
of his empire would include other
companies with some 13 billion Of
assets.
5. In the picture also are other
financiers who, from the stand
point of large corporate control,
are not precisely "tWo-spOtS" but
who at the same time are defi-
nitely small. In this group are tC
be found Henry Ford, the duPonts
the Guggenheims, the Vanderbilts
the Weyerhaeusers, the Kuhn
Loeb group and others.
Inside financial groups, operat
ing under a policy of Ga cOmmun'
itv of interest" dominate our bill
lion-dollar giants-railways, utili-
ties, steel companies. Control Is.
used for the purpose of extracting
profits under various technical
forms. In the complexity of the
finance capital structure, banks
and bankers have richer pickings
from the advancing of credit the
treating of capital, the promotion
of mergers, and the manipulation
of protective committees and re-
organizations than they coulC
gather in merely from the owner
ship of stock and bonds"
Such an analysis as this shoulC
90 far to show the speciOusness o.
the argument of the American
Liberty League for the re-estab
lishment of free competition. 1t
should also go far to show the
impossibilitv of driving money
changers from the temple" by New
Deal procedures. These inner
groups have found depression a.
excellent opportunity to use theI
surplus resources to add to thel
domains at panic prices.
There is no depression today re.
the rulers of America.