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About Harrison press-journal. (Harrison, Nebraska) 1899-1905 | View Entire Issue (Jan. 25, 1900)
V 1.4 THE HOWTWBf WITH BILLIONS AT ITS COMMAND CAN STAY COMMERCE OR CREATE PANIC AT ITS OWN WILL. 4 : The Money Trust Ring. and His Ministers. John D. Jt-kcfcller 31 5,000,000 William T. WariJwi-11.. William Itockcfeller .... Henry H. ltor;crs Oliver H. Payne James Stillmun S. C. T. Dodd John II. Flagler John I. Arehbold John I). Rockefeller, jr. 4- 100,000.1100 J!HJ,(MX1.00 50,000.000 35.OWi.OW 20.000,000 .r, 000,000 50.000,000 .OuO.OOO Heir JOHN I). ROCKEFELLER AND JUS COMPANIONS, WHO NOW ABSOLUTELY COLTROL THE MONEY MARKET Never In history has any group of men had power so vast and terrible as that of the coterie which haa Just been Introduced to civilization the Money Trust. John D. Rockefeller, with a private fortune last estimated at $315,000,000; hi brother and his son, leagued with men of genius as well as wealth In the dlrect!6n of the massive machinery of a thousand millions of dollars in . money, has the strength, the knowledge and above all the courage to pro claim his overlordship to all the fortunes In the world. Small men and great alike must bend the knee In their new temple of Rlmmon. The means to crush aa well as the ability to prosper, make the fear of the trust to be remembered by each adventurer In any enterprise, and the favor of Us council to be courted. . Through control of a banking system extending to every corner of Amer ica, and grasping the great nerve centres of credit In the old world, these men can wreck thousands of fortunes In a panic, and blast the prosperity of the whole land and cripple Europe's: or they can create, it It please them better, a boom In speculation und enterprise. GREATEST POWER RECORDED IN HISTORY. To give or withhold happiness! No king or emperor, no Council of Ten, HO triumvirate of Rome or Conqueror of Asia held these superhuman at tributes In the hollow of a hand: The men In the trust who exert this power are: JOHN D. liOCKEEHrXKR. JAMES STILT-MAN WILLIAM T. WARD WELL, S. ( T. I00 WILLIAM UfHTKEFELLER, JOHN II. KLAOLER HENRY H. HOliKR:, Joll NO. AROHROLD. OLIVER H. PAYNE, JOHN I). ROCKEFELLER, JR. Each o these has his particular talent. All or most of them, finding that control of the product of petrlk-um and the marketing of It yields a constant Increase of millions, have Invested profits In many other enter prises which they control and make productive of more millions. They man ' age a constantly growing capital, which Involves constantly increasing cares and responsibilities. John 1. RocKefeller is the nucleus of these accretions. He expressed a wish not long ago that he could tlnd a man who would take out of his hands the labor Involved by his riches. "I would pay him a million dollars a year," said the wary Midas. He has given away more than SUO.OOO.OOO in benevolences and for education.; Clearly It Is not his genius that makes the Money Trust a fact. Forty years ago no one would lend John I). Rockefeller a hundred dol lars. He was born In Tioga county, July 8, IMS). A farmer's son, he made his first dollar out of chickens. At 14 ho moved with his family to Cleveland. . He worked there for M a week. When, as his salary grew, he had saved 1,000, ho went Into the commission business. HE ENTERS THE OIL BUSINESS. It was In hla early twenties that he got Into the oil refining business. The Standard OH company, which grew in his hands, refines oil and sells It all of R that America yields. He exfiects to own a billion dollars If he lives to his reasonable ex pectation of life. William Rockefeller, his younger brother, and John D. Rockefeller, Jr., his son. are rich because he Is. They know much that he knows, and have their allotted shares In the detail of the great operations their money requires. William T. Wardwell Is the financial genius of this group. The world at large knows him as the prohibition party's hardy candidate for president, governor or mayor. He pays WO.OOO at least yearly for the prohibition party, and gives much more to further the cause of total abstinence. He It Is who organized the chain of banks which has at last shackled the finances of America, and which hopes soon to control the Issuance of all money. He manages and plans the operations of the Standard OH syndi cate, leaving It to others to execute, to Investigate, to prevent leakage! of money, 8. C. T. Podd Is the able lawyer who keeps the money trust within the law, or drives the statutes with coach and four. His genius Is noc-s--sary to the legitimate or questioned policies of his colleagues. He Is said to be the most daring, as well as th- most prudently Judicious, of men. He Is worth millions to his friends, and has carried many for himself. HEAD HANKER F TI I E MON EY TRl'ST. James Ktlllmun. related by marriage to William Rockefeller, Is the ablest banker as I 'odd Is the ablest lawyer and Wardwell the ablest financier, knnwn'f. the Rockefellers. H- Is pie-ddent of the National City bank, and expects to make it the Rank of the I'nit-d States, performing such functions as the Dmk or England docs In the British empire. He is Secretary Gage's friend ami the strength of the bunk compels attention, and what looks like favor ' from the federal treasury. Hiillinan, for the bank, handled the war payment to Spain, aimed to finance the government loans, and distributes the money which the government deposits In the national depositories. The banks controlled by the Standard Ml Syndicate are the reins w hich ft hold over the money market. Us representatives are In eight New York City banks and ten local trust companies. , , L1 The trust controls banks in Haltlmor-, lioK-ton, Philadelphia, Chicago, (Including th First National, of which Secretary Cage was president), Cleveland New Orleans and Han Eram-lsco. In every state are many mi nor banks tributary to the great ones. In Texas, for example, the trust controls eighteen banks. . TP." New York banks are the City. New Amsterdam, Chase, Park, Sec ond, Cnion. North America and Hanover. The t r list com pa nk-s are .the 1 n lon Far-Tiers' Central. Cnlted States. Fifth Avenue. Guaranty, Atlantic, New York purity and Trust, New York nalty Hank Exchange and 1 rust, and Intemaiicr.al Hanking and Trust. TW. .,Tl.iried capital of these eighteen Institutions Is . 0,0.1, HSU, deposit trii :f..fs; their loans, SI-i3.4i3.txK. Tl ro'-ich ih -e conne, tions the Mey Trust knows the details of every min'a bi'Vi. less that It desires to know. It .n tell Just bow heavy a load f storks 1 great bull operator carrie. llt,d how much "short" of the mar bet the Ur leaders ofthe str-et r at m.v given time. The (rul -knows how hard a blow Is needed to make or the fortunes of e ther. 11 holds , the balr.:..,. of power in the street, a, knows how to use it. A PANIC THAT S KM Hv Til E WORLD. The Chrx-tmas panic, so called, In Wall street, extended to London .to IJris f. lvr I I The 1 ourse of i. rm,y was the last to recover after tho Mone'v Trus had willed recovery. This panic. In which money needed by Money 4 rum mi j " t m ,.. f.(.nt interest tier borrowers for a snort lime, oe. . M,e annum, was a disaster even to the rich Money Trust wi.bout credit the factory, the railroad, the mine, become. Inert: the work! ran a . I s r, labor, the mercunt sells no wares, poverty overtakes X f n-"r a the rich man, perfoce a miser, fears to embark his money in mS" i I""" '" b"l",m r"UrflK" an.'' ln' ustry Vm,' IT, . miht Marvel craze and drive to suicide more victims than an Attila Wh'V ''he ;'"y trust'dld to cause this panic Is simple to explain. The rP,.t bullmss of the world Is done Upon borrowed money. Surplus capital JL?I trr rs or partnerships to become productive. The money unplaced Trt. he more iron tab . It dustrl's lies ln the bands of bankers, who employ In the more proii i oh uy miZable collateral securities such "'hen N hen M l rnc mi y Tht, R.jP,,u!ltr who sees a profit In expected r?V?ue e,,!oTh7sys.rm of' buying on 'margin'- to hold his rises in iu. t )t th , or tyen iPSg. PUrKHrod nares can be disposed f In ordinary tlmca at a moment's no ...... T Trice wdthln 23 cents of thP last quotation. This make them tlce at a prne ' no ' u banks The purchaser of one hundred irST. '""k'r' who cr borrow ,h,? 222 MOM at the bank, often at low a rate as 2 per cent per annum. If other $! .000 at in" , B(WanP,. $10. the speculator has won or earned $1,000. - WXZ MOhepecu.s.or-s 11.000 Is put, the share, are sold, and the bank recovers I'.'.o-w. ACTIVE IU-HJNESH MAKES MONKY "LinilT." p-,rnl business and Industry is me seH,ee, u....o. money and the higher the call '""n ''''' their Stoppe.l In time, at the will of the It otherwise would have teojiled In a universal blight upon The speculation of gamblers Is '""V . . .I....IO,,. alnwlv. chwked ns the rate rlws. '''""' ',,v i nduced suddenly and the Let an artincmi ;8" h. The hanks The holder of margined stock , loan, on stocks are cn M In by M , or f ,.at(,i rf. rth,b. lurm'an'dZ, mu'r be ,lUn,d upon the market and .old at tihlcdTVrw last Christmas, caus.ng . .-rich tortJir VauTw The "condition, of businesa demanded a larger proportion of the world's capital than usual In the loner time loans of Industry and trade. The taxes of the United States were exceeding the expenses of the government, and a surplus, drawn from the channels of commerce, was Im pounded In the treasury, which can pay out cash onjy as appropriated or In redemption of its debts. The treasury offered to buy government bonds. The Money Trust alone had bonds to sell and artificially raised the price of bonds held by others by offering more than the treasury's bid. All the banks began to accumulate cash for necessary disbursements on the first of the year. Like condi tions, except for the treasury situation, prevailed in Europe, where the gov ernment banks had been copelled, through scarcity of surplus money, to , raise their Interest rates. The Money Trust, as well as other flnaclal observers, could calculate to a million dollars the loanable funds In the markets of the world. The Money Trust could suddenly acquire control of enough of this balance to disturb all the rest. It was done, and money began to rise. Stocks were shaken out of weak hands. Prices fell. Money rates Jumped to 20 per cent, to 120, to half of 1 per cent bonus for a day's use In addition to the legal rate that is, to 1S6 per cent. Hanks and Individuals whose credit was weak or whose property was hard to sell, failed to the tune of many millions. Why did Mr. Rockefeller and his counsellors do It? They wished to get at shares in properties like the copper mines, in which millions of their money is Invested, and of which they desired absolute control. They knew of other rich men ln control of corporations who could oppose their policies, whom they wished to overthrow. William Rockefeller, who sometimes does the talking for his colleagues, had remarked: "Stocks are too high." The Money Trust remedied that. The panic over, money rates resumed their normal level a little higher than they were a few weeks before the trust's thunderbolt fell Into Wall street. The trust had obtained Its desires, had forced from its opponents' possession Into Its own the means of Hwer and wealth which It had coveted. The pressure upon prices was removed and they rose. A few thousand men were many millions poorer. Stocks as a whole were worth about $1j0,OOO,0OO less than they had been. The trust's lesson the panic, to the bankers, the speculators, the pro moters of new enterprises Involving millions has been learned well. Jt can be summed up in this: THE MONEY TRUST CAN LOWER OR RAISE WALL STREET'S PRICES AT WILL. The Stock Exchange, then. Is ho longer the barometer of the financial world. It is the register of the will of John D. Rockefelle rand his coadjutors. AN AMERICAN GOVERNOR Minneapolis. Minn. (Special.) Gov ernor John Llnd of Minensota, in a speech at the Jackson dinner in Mi rieapolis, puts himself upon record ue a man with a heart and an American citizenship unsullied by the morbid rraze for murderous expansion. Hif language, though simple, is sublime in the truths it expresses, and his thought must penetrate the brain of every American citizen worthy of the name. "In the nature of things, cne people cannot own another people. It is a lie. 1 don't care who says it. "Why should we assume the crime of governing a people against their will'.' I am an anti, and I propose to be an anti until this blot is wiped from the American flag. Why, my friends, my wife has wept when we have talked about these things, of that lovely flag of ours, which means all that there Is in the wo'id to me in the way of in spiration, hupe, ambition, pride. She said: 'John, only a year ago that was an emblem of liberty, of love, of pro tection to all the people in the world. It was loved by the Filipinos, thejjiuw n men and women and their children. To them it was an emblem of freedom that wrested them from under the Spaniard. Today it is cursed by 9,000,000 human souls." Yes, my friends, this flag of ours is cursed by 9,000.000 human souls as an emblem of oppression, as an in signia under which homes have been laid waste, babes lost-, men slaughtered, women abused. Isn't It shameful? Isn't it terrible? and for the sake of lucre. For the' sake of money, and 1 tell you there is no money in it. Mor ality means something. I don't believe in morality simply because the Bible says that we should do this and do that and abstain from this and abstain from thla and abstain from the other. England has bullied, she has robbed, she has oppressed for generations, for centuries. Today she is despised by every self-respecting citizen of the world. I don't mean the English peo ple, I mean the tory government; the Hannaism of England. Why, think of it. my friends. The Orange Free State, that noble little republic on African soil, the first and only country in the world to copy our constitution and make It its fundamental law, word for word, letetr for letter, and we stand silently by, not willing to even utter a word of protest against its annihilation from among the nations of the world. Yes. this is imperialism. Are we not paying dearly?" ID Hit. KUKKK. Frankfort, Ky (Special.) William J. Bryan addressed the members of the legislature today just before the elec tion of Senator Blackburn. The cham ber of the house of representatives was never more crowded that when Rep resentative Nelson introduced Mr. Bry an. The latter was accompanied by J. C. S. Blackburn and Senator Goebel. Mr. Bryan proposed two laws that he hoped would be enacted In Kentucky. One was to make It a felony for a cor poration to contribute to campaign funds, and the other to prohibit bet ting on elections. He held that betting is bad morals and bad public policy. He believed that men often bet for fear of showing lack of confidence in their cause. PARDNERS ONCE, BUT STRANGERS NOW. Since Friend Quay Was Found Guilty by the Senate Committee. Haakand Worth l2S,000,OOOt She I the Cooklug and Slake the Be4a. Mrs. Kruger, wife of the president of the Transvaal republic, is unhand oriie. Bbe is also economical, though her famous husband has a capital of $25, 000,000. She is so rich that it would take the greatest effort to spend her ni couie invested, as the capital is in great paving interests. To do this she would have to live in almost bar baric splendor, but, bless you, she even does her own cooking. Jt is probable that her acute, subtle husband approves of her style of liv ing. Jf he objects, none returning from that far land has ever heard of it. It is more than probable that by just such thrifty methods Mr. Kruger him self rose into his present eminence. Rut think of it! A fortune of $25,000,000 and to do one's own cooking! To fuss and fume and fret and stew over a boiling stove iu a hot, hot land, rather than spend the money on a madi! And not only to cook, for it is whispered and loudly in tourist and English circles in Africa that she very often takes a hand in the wash ing and that she scrubs and rolls the clothes with the skill and strength of the best of them. She also insists upon making her own beds. This may be because 'the Kruger" needs an untroubled pillow, a sheet without a wrinkle to case bun from the arduous duties of scheming to make empires and millions, but if she does the rest of the hard work it is probable she makes the bed also to save the nennv or whatever the money is in that land. When, her husband has state guests to dinner, this is, indeed, the time the good lady shines; here she. shows the stuff of which she is made, and does honor to her millions and her position as wife of the president. Not at the foot or the head of the table, but in passing the dishes. To no butler will she ever trust so great a responsibility. There might be a ?iip, a mishap, that she couldn't gui'rd against. So, shining and splendid, with large white apron over her ca pacious form, she. waits on each guest. "Surely," she argues, "no hostess can take better care of a guest than this." Every plate is then heaped to per fection, each glass kept filled to the brim, no slightest wish from any ona foes unnoticed. Jf any one is rash enough to extol to "Auntie" Kruger, as every one calls her, the glories of her wealth and the immense amount of monthly pocket money she has to control, she will tell that person a secret, one of which she is proud, one in which she glories. It is this: That she and the presi dent have never lived beyond their "coffee money." And that amounts to $2,000 a year allowed them by the government! So, you see, they never touch the other great capital, never put their hands on the income of one of tha greatest fortunes in the world 1 -t Where it will go, no one knows. Like many other great millionaires, Oom Paul may leave it to persons who will enjoy throwing it away on all un worthy subjects that come under theix notice. Philadelphia Press. .- AND THEY LIFTED UP THEIR HEADS AND THANKED GOD THEY WERE NOT AS OTHER MEN. "ANARCHT IN PLACE." New York. (Special.) Most truly have we fallen upon a dread time of Anarchy. And going deep down, the New York Verdict specifies: "Notice haa been called aforetime to Kuch a Most, and Schwab, and Llnng, nrt l'arsons. an red and dangerous an archists: and the tlmo was when the police and hangmen busied themselves with the persons and lives of these foul creatures. Good! Yet the Verdict Is frank to say thatthei slight felons were the merest featherweights of msl nile compared with MeKinley and sun dry of hla cabinet. Take Qrlfga; that trust production meant fer truit oro- tectlon! take Griggs, the attorney gen eral! How often has he defied law, re fused action and slummed the door ln the face of Justice since he took his oath? Within six weeks the fherman law was sustained by tho Supreme court ln the case of the Addyston Pipe and Steel company. Within four weeks tha combination to throttle competi tion which exists between the (Jeneral Electric company and 'he Wcstlng house Electric company, and which fact for fuct, and line for line, Is the xact fellow to the Addyslon Pipe and Steel company, decided on as outlaw, was presented to Griggs; and Griggs laugh ed at the application asking his inter ference and refused H. Grip" did th same ln favor of the railroad trust, and against the shippers of Chicago. Griggs has done parallel deeds of black llllclt Ism a score of times. And the Griggs attitude Is by the Instance of the ad ministration. Is democracy to take no strength from these violations of law, and right, and oath of olllce? Griggs, attorney general, head of our depart ment of Justice; That Is a brave name that last! Iepnrtment of Justice! Knthor has It become the department of anarchy! The trusts possess It, ns they possess the White House na they possess Gage and the treasury. The trusts own this administration, and have turned Its whole power ngalnut the people like tome landslide of evil." Recollections of Tennjuou. Glimpses of Tennyson at Farring ford are given by the author of "Peo ple I Have Known" in the September Cornh ill: "We sometimes induced Mr. Tenny son to join us in a walk, and he would say, before consenting, 'Where are you going? I won't go to the market place' meaning the tiny little bay where a few idlers congregated! His taste was for the fields and downs, find (not a romantic association!) I never now smell the smell of a turnip field without thinking of these never-to-be-forgotten rambles. Although so very short-sighted, he noticed flowers in the hedges which others passed by, and would sometimes stop and say: 'What is that note?' and then name the bird from which it came. And I never felt afraid of asking a question, for die was always ready to impart knowledge if he saw you were inter ested, lie was, indeed, wonderfully observant of nature, a his poems show, and would bring out quite nat urally, and as it were by the way, beauties which lie saw in our walks and which others less observant would otherwise have passed by. His cloak and hat have been often described and were well known apparently, for no sooner did strangers catch sight of Ihein in the distance on the downs than they would make for them, and this publicity was so unpleasant to him that we had to fly in the opposite direction to the intruders! "On my saying, 'Good-by, Mr. Ten nyson," lie replied: 'Why do you say good-by?' 'Because you are going away,' I said. 'Oh, I thought you had only just come,' meaning to the Isle of Wight. I explained my meaning and then lie said: 'I always say "Good day" myself, unless t nm going away altogether.' When I knew him better, I saw how careful he was to choose the most suitable word on every occa sion', and I, too, tried in future to con sider, before using any expression, if it' was the most applicable one I could find. "I remember him one day talking of a poem he meant to write on a night ingale, which poem, however, never came to anything. A mutual friend often reminded him of if, and one day in particular 1 recollect her saying: Wow, Alfred, how about Hint nightin gale'." 'Oh, it's dend long ago!' he said with amused petulance." "How do you say Mho duel was fought to a fatal finish' in French?" enquired (he novel writer. And the man who is an expert at concealing his ignorance replied quickly, "That isn't a reasonable question. I don't believe they ever have occasion to lay such things on that in French." Washington Star. "1 A 4 I v 4 tf 1 'i