Page:William Zebulon Foster - The Railroaders' Next Step, Amalgamation (1922).djvu/15

Rh {| style="text-align: right" cellpadding="5" align="center"
 * style="text-align:left;"|Name|| style="text-align: center;"|MilageMileage [sic]||style="text-align: center;"|Stocks||style="text-align: center;"|Bonds
 * style="text-align:left;"|||14,117|| 573,619,000|| 545,118,000
 * style="text-align:left;"|||22,318|| 541,220,000||  822,613,000
 * style="text-align:left;"|||29,173|| 372,906,000|| 490,209,000
 * style="text-align:left;"|||18,119|| 259,116,000||  319,204,000
 * style="text-align:left;"|||11,914|| 150,116,000||  204,119,000
 * style="text-align:left;"|||13,104|| 345,100,000||  524,146,000
 * style="text-align:left;"|||34,069|| 653,108,000||  486,113,000
 * style="text-align:left;"|||227,228|| $5,478,152,000||  $6,265,151,000
 * }
 * style="text-align:left;"|||11,914|| 150,116,000||  204,119,000
 * style="text-align:left;"|||13,104|| 345,100,000||  524,146,000
 * style="text-align:left;"|||34,069|| 653,108,000||  486,113,000
 * style="text-align:left;"|||227,228|| $5,478,152,000||  $6,265,151,000
 * }
 * style="text-align:left;"|||227,228|| $5,478,152,000||  $6,265,151,000
 * }
 * style="text-align:left;"|||227,228|| $5,478,152,000||  $6,265,151,000
 * }
 * }

Since this table was compiled many changes have taken place in railroad ownership. The monopolization of the industry has proceeded apace. A close study now demonstrates (The New Majority Chicago, March 5th, 1921) that financial control of the systems as a whole has simmered down practically to four great, closely-related, interlocked capitalistic interests; viz., Morgan & Co., The National City Bank (Rockefeller group), The First National Bank of New York (Baker group) and Kuhn, Loeb & Co. It is said that Morgan & Co. alone control 300 railroad directorships, besides owning 54 "independent" railroad equipment and construction plants and innumerable other enterprises.

The time is close at hand—if it has not already arrived unbeknown to us—when our entire transportation system will be ruled by a single financial interest. And at its head, backed by the nineteen billions of railroad capital and untold billions from other industries, will stand some super-Gary, the industrial emperor of America.

This tremendous consolidation and combination of the enemy's forces is of vital importance to railroad Labor. In years gone by there was real competition on the railroads. Between the many independent companies rate wars raged. Often in these struggles passenger and