Frenzied Finance, Vol. 1: The Crime of Amalgamated — John Shaqi
Frenzied Finance, Vol. 1: The Crime of AmalgamatedLawson, Thomas William
History
Frenzied Finance, Vol. 1: The Crime of Amalgamated
Lawson, Thomas William
Amalgamated Copper Co.; Gas companies -- Massachusetts -- Boston; Insurance -- United States; Speculation; Standard Oil Company
1st. The Standard Oil, seller of oil to the people, which is made up of
many sub-corporations either by actual ownership or by ownership of
their stock or bonds. Probably no person other than Henry H. Rogers,
William Rockefeller, and John D. Rockefeller knows exactly what the
assets of the Standard Oil corporation are, although John D.
Rockefeller, Jr., son of John D. Rockefeller, and William G.
Rockefeller, that able and excellent business man, son of William
Rockefeller and the probable future head of "Standard Oil," are being
rapidly educated in this great secret. In this first institution all
"Standard Oil" individuals and estates are direct owners.
2d. Henry H. Rogers, William Rockefeller, and John D. Rockefeller,
active heads, and included with them their sons.
3d. A large group of active captains and first lieutenants, men who
conduct the affairs of the different corporations or sections of
corporations in which some or all of the "Standard Oil" are interested.
Many of these are the sons or the second generation of men who held like
positions in Standard Oil's earlier days. Of these Daniel O'Day and
Charles Pratt are fair examples.
4th. A large group of captains retired from active service in the
Standard Oil army, who participate only in a general way in the
management of its affairs, and whose principal business is looking after
their own investments. These men are each worth from $5,000,000 or
$10,000,000 to $50,000,000 or $75,000,000. The Paynes and the Flaglers
are fair illustrations of this group.
5th. The estates of deceased members of this wonderful "Standard Oil"
family, which are still largely controlled by some or all of the
prominent "Standard Oil" men.
6th. "Standard Oil" banks and banking institutions, and the system of
national banks, trust companies, and insurance companies, of which
"Standard Oil" has, by ownership and otherwise, practically absolute
control. The head of this group is James Stillman, and it is when these
institutions are called into play in connection with "Standard Oil"
business that he is one of the "Standard Oil" leaders, second to neither
of the Rockefellers nor to Mr. Rogers.
7th. The "Standard Oil" army of followers, capitalists, and workers in
all parts of the world, men who require nothing more than the order, "Go
ahead," "Pull off," "Buy," "Sell," or "Stand Pat," to render as absolute
obedience and enthusiastic cooperation as though they knew, to the
smallest detail, the purposes which lay behind the giving of the order.
8th. The countless hordes of politicians, statesmen, law-makers and
enforcers, who, at home or as representatives of the nation abroad, go
to make up our political structure, and judges and lawyers.
Public-domain text, read in full here on John Shaqi.
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