Rensselaer Semi-Weekly Republican, Volume 39, Number 26, Rensselaer, Jasper County, 27 November 1906 — TENTACLES ON ALL BUSINESS. [ARTICLE]
TENTACLES ON ALL BUSINESS.
Enorninna Scope of Investment of Standard Oil Millions Shown. The enormous hold of Standard Oil millions upon the business of the couninterests controlled by them and the capitalization of each: ’ industrial concerns. Amalgamated Copper $155,000,00(1 American Sugar Refining Company - . 80,00P,000 United Metals Selling Company 10,000,000 Butte Coalition Copper Com- „ l’ an .v 15,000,000 Corn Products Company 80,000,000 Total $356,000,000 GAS COMPANIES. Consolidated Gas. New York.. . $105,000,000 Brooklyn Union Gas, Brooklyn. 33,000,000 Peoples Gas Light and Coke Company, Chicago . . ..... . . 70,000,000 Total ,$298,000,000 RAILWAY CORPORATIONS. Chicago. Milwaukee and St. Paul $404,000,000 Union Pacific Railroad 600,000,000 Southern Pacific Company .... 620,000,000 Atchison, Topeka and Santa Fe. 455,000,000 Total $2,079,000,000 BANKS AND TRUST COMPANIES. National City Bank $ 25,000,4100 Second National Bank 300,000 Lincoln National Bank ... ; 300,000 Bank of the Metropolis 1,000.000 Hanover National Bank 3,000,000 Seaboard National 8ank...... 1,000,000 Citizens’ Central National Bank 2,550,000 Riggs National Bank, Washington 1,000,000 Farmers’ Loan and Trust Company 1,000,000 United States Trust Company. 2,000,000 Total stock, only .........$ 37,150,000 It is difficult to group the railroads with which Standard Oil. interests are affiliated. Individuals associated with the trust are the largest investors in the world. The Standard Oil Company has paid in dividends from 1879 to 1906 inclusive $567,300,679. The value of its pipe lines in 1898 was $52,455,200. The capitalization of its constituent companies $102,230,000, and their assets are $121,631,312. T~
