Newspaper Page Text
James Stillman is president, and in
cludes eight of the largest and strong
est financial institutions in New
York as well as smaller banks all
over the country. The National City
and the other seven local institutions
have deposits of $500,000,000.
A carefully compiled table of the
500 corporations in which the Rocke
feller group is in supreme control
shows the following summary:
Corporations. Capital.
Railroads $2,521,523,072
Industrial companies .. 1,836,872,300
Bdnks and trust compa-
nies .. 181,062,399
Safe-deposit companies. 609,531
Telegraph and tele-
phone companies .... 182,870,000
Insurance companies .. 3,200,000
Mining companies.. .. 195,000,000
Gas, electric light and
power companies ... 110,763,700
Traction and transpor-
tation companies ... 166,750,000
companies . 41,447,500
V
Total $5,239,098,802
Add to the above total the $700,-
000,000 assets of the insurance com
panies, and one has nearly $6,000,-
000,000(, the greatest aggregate of
active wealth in the world.
John D. Rockefeller owns more
business blocks, improved and unim
proved real estate and mortgages on
property in Cleveland than any other
man or corporation in the Forest
City. He is constantly increasing his
holdings and his mortgages. Mr.
Rockefeller, through his commanding
position as the head of the Standard
Oil Company, which paid a dividend
of $15,000,000, as long as ten years
ago, while it was “in liquidation” in
Ohio, and which has averaged divi
dends of $40,000,000 annually for the
last eight years, has invesements of
which no one man knows the full list.
All of them pay.
The oil king never speculates.
When he puts his money into an in
dustry or an enterprise, it is what the
sporting fraternity call a “sure
thing.” By sheer weight of the capi
tal at work and the enormous
capital behind it, the “deal” is
bound to go through. His gifts and
benefactions, enormous as they have
been, have never encroached upon his
capital, which is piling up every sec
ond.
His income from the one invest
ment of oil alone is $21.25 every min
ute of the day and night, and the
total of his gifts to education and
religious institutions is scarcely two
thirds of the golden stream which his
Standard Oil trust stock has poured
into his coffers in the last quarter of
a century.
The readiness with which “money
makes money” when handled by one
of the modern kings of finance is il
lustrated by a single one of the “gas
deals” which H. H. Rogers, the mas
ter manipulator, put through. In
1897 the seven gas companies of Bos
ton were bought up and consolidated
by Rogers, working through the Bay
State Gas Company, a holding con
cern. Later the Bay State went
bankrupt, and the receiver brought
suit against Rogers for $3,000,000.
In Mr. Rogers’ testimony in that
litigation he said that the profits on
making the merger were shared by
himself and William Rockefeller.
They cleared $3,565,000 each. Now
these men didn’t manufacture any
gas, didn’t have any new methods
of making that commodity cheaper,
didn’t benefit the public or a single
gas consumer of Boston one cent’s
worth, but they took $7,000,000 out
of Boston to add to their own for
tunes.
Thomas W. Lawson was for years
the confidential agent for H. H.
Rogers and James Stillman. When
he broke with them and began to
write his sensational attacks on “the
System” he told many truths. His
story of the inception of Amalga
mated Copper is especially interest
ing, because in it he shows how mil
lionaires are made to contribute to
the enormous fortunes of the Stand
ard Oil group as well as the laborer
who pays for his oil an increased
price every time the Standard de
cides to raise the rate per barrel.
Lawson declared that the total cost
of the properties w'hich formed the
Amalgamated Copper Company at
the time it was floated with a capital
of $75,000,000 was only $39,000,000.
He declared that Henry H. Rogers,
Willidm Rockefeller and the other
few insiders made a profit of $36,000,-
000 out of the transaction. He de
clared that in spite of this enormous
“rake-off” the Standard group re
fused to deduct from their profits
$77,000 of organized expenses and
actually started the tremendously
overcapitalized company that amount
in debt. —New York World.
SORE ON BROTHER PYLE.
The Abilene Journal does not relish
the way in which our fat and genial
O. P. Pyle is swallowing everything
in the weekly paper line out in
Texas. Says the Journal:
“They are not printing minutes in
pamphlet form in the old union any
more. Pyle made them believe they
could save thousands of dollars by
just printing them in the Co-Operator
This will force every member to take
the Co-Operator in order to get the
minutes, although the Co-Operator
costs one dollar. A farmer who can’t
see graft in thinks like that needs a
billy goat to lead him around.”
The strike of shoe cutters resulted
in a general strike of shoe workers
and eighteen shoe factories in St.
Louis, employing nearly thirty
thousand workmen, are idle.
The lasters, edge makers, trimmers,
bottomers, stock fitters and stitchers
walked out in sympathy with the cut
ters.
Dewberry’s Delight
If you are not enjoying good health
it is your own fault, as “Dewberry’s
Delight’’ Is within the reach of every
one, as those who are really not able
to buy a bottle can get a trial bottle
free of charge by calling or writing
to the office, 231-2 Whitehall street,
Atlanta, Ga.
“Dewberry’s Delight” Is just what
you need at this season of the year
to remove that foul waste matter from
the system, so you can sleep and
rest, which is the only way you can
restore the nerve force, by good sound
sleep. So you see how essential It
Is to keep the liver, bowels and kid
neys right, to keep the system clear
of waste matter which obstructs the
nerve force and paves the way for all
diseases.
All druggists sell It
WATSON’S WEEKLY JEFFERSONIAN.
Scholarships Offered
Send 100 subscribers, at full rate of one dollar each to Wat-
son’s Weekly Jeffersonian; or 70 subscribers to Watson’s Jef
fersonian Magazine at the full rate of $1.50 each and you get
A scholarship in The Business College of Prof. Bagwell, In
Atlanta, Ga. There are three departments in the College, Book
keeping, Telegraphy, and Stenography. The choice is yours, be
tween the three.
Subscriptions to both publications may be taken by those
working for a scholarship—2 subscriptions to the Magazine be
ing counted as equal to three subscriptions to the Weekly.
These scholarships are worth $45 apiece. Therefore you see
how liberal are the terms on which they will be given as prizes.
Address
MR. WATSON, at THOMSON, GA.
AUGUSTA TRUNK FACTORY
851 Broad, Wrong Side of Street. M. M. CLECKLY, Propr.
Every Trunk Guaranteed
(and at lowest prices.) m
Ladies* Hand Bags, Gents* JjjL
Pocket Books, Gillette Razors
(and extra Blades) Razor
Straps, etc. TRUNKS, VALISES, SUIT CASES, ETC.
We are on the wrong side of the street, but on the right side (where rents are low)
for low prices.
A CORRECTION
By inadvertence, we published a notice of a certain
farm paper, offering that paper and ours at the price
of ours, and recommending that paper as the best of
all farm papers.
Our friends will please take notice that this was
one of those inadvertences that happen now and then
in spite of the “Eternal vigilance” that is the price
of liberty and other good things.
We cannot offer any two papers at the price of
ours, nor can we afford to recommend the paper named
as the best of all farm papers.
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