The Waterbury Democrat., 1938-02-10

British.
 strike at the financial control of great aggregatiOns of business units-in other words, at bank holding companies.
 By wiping out these monetary citadels, Jackson believes the gov- ernment will take fundamental step toward ending monopolistic practices and freeing American business from banker domination. On this Roosevelt sees eye to eye with him and it was this un- voiced doctrine which was behind Roosevelt's surprise blast at hold ing companies last month. Concentrated Control
 Jackson has been doing a lot cf digging into the power of these strongholds of finance, and here are some of the findings regard ing bank holding companies and the.r held on the country:
 Twenty-three bank holding
 companies control one
 eight of all bank deposits,
 or approximately $5500,-
 000,000
 These tWenty-three corpora
 tions control more than 400
 banks.
 One bank holding company
 alone rules close to 500
 banks, having an interest in
 thousands of businesses.
 All the great utility systems,
 most of them violently anti
 Administration, are -on-
 trolled by banker-dominated
 holding companies.
 With a few exceptions, all the
 railroads of the country are
 controlled by banks.
 Many of the great chain store
 organizations are in the
 hands of banks.
 A New York city bank owns
 hundreds of businesses. from
 shoe-shine parlors to ship
 yards. Another is one of
 the largest real-estate oWn-
 CTS in the metropolis. Ono
 even controls the circus.
 It is the Roosevelt-Jackson aim to torpedo these vast concentra- tions. Whether or not they suc- ceed will be long and perilous story. Many trust-busterS have preceded them-but the institu- tions they attacked have grown and prospered.
 Just one month ago there passed from the terrestrial picture a once famous trust-buster. He was Frank B. Kellogg, a crusading lawyer who in his younger years carried the banner for Teddy Roosevelt, but who in his latter years, grizzled and wealthy, be- came acquiescent to monopolies. Sol Bloom
 Despite the fact that Sol Blooms famous Washington Bicentennial Commission was supposed to ex- pire at the end of 1892, he has managed to keep it alive-at least on paper.
 In 1897 Sol got the Public Prin- ter to print 15,000 copies of the Commission annual report-all at taxpayers expense.
 Stepfather Bruce Kremer It pays to have a stepfather who is the intimate friend of the attorney general of the United States.
 Drawing s3,200 a year in the Trial and Compromise Section of the Bureau of War Risk Litigation is 24-year old Ruppert Bingham. The young man has no law de- gree and is not member of the bar. In fact, he is only a stu dent at a Washington law school Experienced lawyers in the agency are receiving from s20o0 to s2,6o0 a year. But there is an important difference between them and young Bingham.
 Bingham is the stepson of Bruce Kremer, bosom friend of Attorney General Homer Cummings. Before the New Deal, Kremer was little known Montana lawyer. In the last five years he has built up one of the largest and most lucrative practices in Washington.
 Merry-GO-ROund
 Reflected glory as paraded in an ad in a Washington neWspa- per: Desirable House Near Resi- dence of Senator Burton K. Wheeler Supporters of the General Welfare old-age pension bill claim that 108 congressman have petitioned Chairman Bob Doughton of the Ways and Means Committee for a hearing on their measure. If they have, the North Carolinian has shown no signs oi being moved by their demand
 Copyright, 1888, by United Feature Syndicate, Inc)