Watson's weekly Jeffersonian. (Atlanta, Ga.) 1907-1907, September 26, 1907, Image 1
IVJM SON’S WEEKLY i
I 11 11 JEFFERSONIAN *— 4 bfv
EDITED BY
T THOS. E. WATSON y
Vol. IL No. 36.
Reading the Nelvs —Does It Pay 7
‘•SKfit. \ <6,
/MU \ V>
/flHMwz) v*
JkSWE V
v.
j po'> •* /^ -— // jj
/_ Z'^-^^c-*/A * I
y I | ” -- -/L
DRAWN BY GORDON NYE.
Six 'Billions in Hands of Six Men to Use at Will.
The secret figures of Standard
Oil’s profits wrung from the trust
officials in the government’s suit to
dissolve the illegal monopoly have
made the public gasp, from the At
lantic to the Pacific. That a corpo
ration with $100,000,000 capital could
pile up prfits of nearly half a bil
lion dollars in eight years—s49o,-
315,934.68, to be exact—and in the
meantime increase its assets by $160,-
000,000, was never dreamed of out
side of Wall street.
According to the trust’s own fig
ures, more than $180,000,000 of un
divided profits still remained in the
treasury at the close of the year
Atlanta, Ga., Thursday, September 26, 1907.
1906. Dividends amounting to more
than $80,000,000 were paid out in
1906, and the average amount of an
nual dividends for the past eight
years has been nearly $40,000,000.
Five men with estates the stock of
which is voted as those controlling
spirits which practically own the Oil
Trust, and these five in eight years,
from 1899 to 1906, divided among
themselves more than $100,000,000 in
dividends. They have the absolute
control of the great corporation in
their hands. Their names are John
D. Rockefeller, William Rockefeller,
Henry H. Rogers, Henry M. Flag
ler and Charles M. Pratt.
With John D. Rockefeller as lead
er, because his share in the Oil Trust
amounts to more than all of the oth
ers combined, these five men, with the
addition of one more, James Still
man, William Rockefeller’s brother
in-law, have used this colossal engine
of wealth to get control of industrial,
commercial and financial combina
tions which have a combined capital
of over five billions of dollars.
Time was when a man expected to
reckon with the Oil Trust when he
contemplated entering the oil busi
ness, but now there are few lines of
trade or finance which are not domi
nated by the small group of men so
Price five Cents.
closely banded together, and the
“Rockefeller interest” is as jealous
of competition in any line of trade
or finance as ever was the oil monop
oly.
What this power of wealth and orl
ganization means is evident in the
every-day life of millions of citizens
of this republic. The control of 500
great corporations, including 60 per
cent of the railroads, means the fixing
of prices of products, manufactured
and natural, the entire output of
which is controlled by this group of
six men. Byron W. Holt, secretary
of the Reform Club’s Executive Com
(Continued on Page Twelve.)