aug 1, 1911 - "Seven men in Wall Street now control a great
share of the fundamental industry and
resources of the United States. Three of the
seven men, J.P. Morgan, James J. Hill, and
George F. Baker, head of the First National
Bank of New York belong to the so-called
Morgan group..."
-McClure's Magazine 1911, Aug - The Masters
of Capital in America: The Seven Men by John
Moody and George Kibbe Turner
Description:
McClure's Magazine 1911, Aug - The Masters of Capital in America: The Seven Men by John Moody and George Kibbe Turner
"Seven men in Wall Street now control a great share of the fundamental industry and resources of the United States. Three of the seven men, J.P. Morgan, James J. Hill, and George F. Baker, head of the First National Bank of New York belong to the so-called Morgan group; four of them, John D. and William Rockefeller, James Stillman, head of the National City Bank, and Jacob H. Schiff of the private banking firm of Kuhn, Loeb Company, to the so-called Standard Oil City Bank group... the central machine of capital extends its control over the United States... The process is not only economically logical; it is now practically automatic."
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