Category: History - American

Other People's Money, and How the Bankers Use It

“The great monopoly in this country is the money monopoly. So long as that exists, our old variety and freedom and individual energy of development are out of the question. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. T...

Chapters

8. CHAPTER VIII

Bigness has been an important factor in the rise of the Money Trust: Big railroad systems, Big industrial trusts, Big public service companies; and as instruments of these Big b...

6. CHAPTER VI

The abolition of interlocking directorates will greatly curtail the bankers’ power by putting an end to many improper combinations. Publicity concerning bankers’ commissions, pr...

1. CHAPTER I

“The great monopoly in this country is the money monopoly. So long as that exists, our old variety and freedom and individual energy of development are out of the question. A gr...

7. CHAPTER VII

J. P. Morgan & Co. declare, in their letter to the Pujo Committee, that “practically all the railroad and industrial development of this country has taken place initially throug...

10. CHAPTER X

“On this directorate were and are men whom the confiding public recognize as magicians in the art of finance, and wizards in the construction, operation, and consolidation of gr...

4. CHAPTER IV

The Pujo Committee has presented the facts concerning the Money Trust so clearly that the conclusions appear inevitable. Their diagnosis discloses intense financial concentratio...

2. CHAPTER II

Among the allies, two New York banks--the National City and the First National--stand preëminent. They constitute, with the Morgan firm, the inner group of the Money Trust. Each...

3. CHAPTER III

The practice of interlocking directorates is the root of many evils. It offends laws human and divine. Applied to rival corporations, it tends to the suppression of competition...

5. CHAPTER V

Publicity is justly commended as a remedy for social and industrial diseases. Sunlight is said to be the best of disinfectants; electric light the most efficient policeman. And...

9. CHAPTER IX

There is not one moral, but many, to be drawn from the Decline of the New Haven and the Fall of Mellen. That history offers texts for many sermons. It illustrates the Evils of M...