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CGI: Pandora's Box..The Railroad Leases...The Vanderbilt Empire...Carnegie Steal Deal...Companies owned by the Railroads +

Posted By: RumorMail
Date: Sunday, 13-Jan-2019 15:46:06
www.rumormillnews.com

From CGI member oldmaninthedesert:

***********************************************************

More from Pandora's Box,country should have never let the banks gain control of the railroads...

[...Pujo's main admitted problem in discovering those assets and worth was created from the fact that he had to go through several layers of trust, holding companies, associations and voting trusts to find out who were the real owners of the giants, and he admitted that with all the resources behind him, he could not even force the persons encountered to give him the information he needed to complete the investigation, which necessitated his asking Congress to allow him greater freedoms and powers of action, which was begrudgingly given him by House Resolution 504.

Even after the new powers were granted, he still complained of his inability to find all the interlocking relationships, let alone being able to determine the real owners.

He attributes the control (implying real ownership) to the man who seemingly foiled his best attempts at discovering the truth: Mr. John Pierpont Morgan, head of the voting trusts, and principal trustee and mortgagor to all of the companies in the huge conglomerate.

Pujo was able to discover some of the interlocking relationships between the banking and trust houses and the various companies, and also the interlocking directorships and trusts which he asserted controlled the newly discovered empire.

He was also able to determine, at least some, if not all the information the true net value of the companies and their incomes and asset. From this sparse information, he concluded that the directors and trustees who he named in the report had control over assets worth approximately $22,245,000,000.

$22,245,000,000 in 1913 → $564,229,819,696.97 in 2018

Through the normal course of inflation, let alone the growth of the companies themselves, the value of these assets today can only be wildly guess. The one thing that always alluded Pujo's search was that (1)one little lone French man owned and controlled all that he was investigating and that the mans name was Lewis Cass Payseur and (2) J.P. Morgan was his front man and trusted friend.

https://exploringrealhistory.blogspot.com/2019/01/part-11pandoras-boxthe-railroad.html





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