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THE WALL STREET MANIPULATORS.

The control of the immense interests—transportation, finance, and industrial—winch centra in Wall street, New York, includes eleven distinct groups, They are separata {ram and independent of each other because of their methods, and because of the interests they control. Though correlated in a, thousand ways, they move and act quite independently of each other, hut in rnatters of political cqntrpl and national legislation they act unitedly and with rhythmic tread. They may be roughly grouped th,\ts:— 2. John D. Rockefeller, haying as his lieutenant, Mr Perkins, and a group of bank presidents, trust officers, and railroad heads, as supports. The, VanderbUt interests are in practical harmony with this group, 2. John D. Rockefeller.having as his lieuMessrs Rogers, William Rockefeller, and Stillman, each exercising control over a host of officials at the head of bonks and industrial corporations; and the astute lawyers who arc at their instant beck and call. 3. Belmont—inferior' in organisation and intellectuality to the preceding groups, bnt with the Rothschilds standing ever in the background representing unlimited capital for any- enterprise. 4. Thomas F. Ryan, with the heads of the great corporations he controls as his business lieutenants; and supported also by his political allies, Murphy, the leaders of Tammany, Groyer Cleveland, and certain men prominent in the Republican forces. 5. James J. Hill, with his control of the North-west, working out his plans not as speculative but as industrial successes. 6. Oassatt and the Pennsylvania railway Schiff, the financial manager; including also the big banking firms of Philadelphia and New York who find profit in the connection.

7.-Edward H. Harriiafo, haying "iPrickV> counsel and Qdell as pojrtical controlling the Central Goh«m«it»4» Sotrthwesteru, aid Southern Pacific <x»a)rt lings of transportation. A . • •:•-••> .■•:'•■•■■ . :i...-.ij>-"-: '.■.•■'■•- 8. George Gould, ;wi% President Jeffery, head of the Bio Gwande his.olpef lieutenantj working, mainly ilpng.Tiheii of railway development, jwtd, %ving $$ support of the great fortune* pf the Gould imjij. ' 9. Messrs Moorei Raid, and ' lieeajj— f" the Koek Island crowd," With Speyisr "as. the financial ally; a minor inflo^ce-barely'pre-serving its independence of the larger forces, but undoubtedly to bo reckoned withr as an independent: hulk sailing tie financial • seas, 10. : The industrial group—Messrs Westjnghouse, in control of. his ertenßiYe electrical and mWnfacturing' interests, the Guggouheims, and the vast industries of" the smelter trust, Schwab, of the Bethlehem Steel Company, and certain other men of high polity who have to be counted. ""

11: The Independents; who for convenience may be called t&a maraudersrrrLawscm. Gates, seena, ei c . . ■;' No attempt is- made in the above tq more than broadly indicate the cleavage bn« by which the _ financial world of the United States is divided. No attempted analysis of these groups has before been put in rant except in very fragmentary form. It abauld therefore be found of serteral interest, and our readers wffl do well tp.£eeptfe»e divisions in mind, since they win enable 'them to better understand the monetary opera* tionß cabled from New York from tiro**to tune.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD19060317.2.14

Bibliographic details

Evening Star, Issue 12764, 17 March 1906, Page 2

Word Count
496

THE WALL STREET MANIPULATORS. Evening Star, Issue 12764, 17 March 1906, Page 2

THE WALL STREET MANIPULATORS. Evening Star, Issue 12764, 17 March 1906, Page 2