Watson's weekly Jeffersonian. (Atlanta, Ga.) 1907-1907, September 26, 1907, Page PAGE THIRTEEN, Image 13

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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. PAGE THIRTEEN