WOULD PROBE MONOPOLY OF CASH IN EAST
Mobley, Radford E.
Would Probe Monopoly of Cash in East Stale Has 2.3% of U. S. Population, .737 of Capital Stock BY RADFORD E. MOBLEY WASHINGTON — Wisconsin is entitled to more than three times the amount of...
...And from each $100 paid in dividends to stock-ho'ders, it tak»s $90.87...
...11 in the remaining West and nine in the South...
...Barker explained...
...He . a. 'I the commission world like to have the ritnnery rea-iy fer operation by the end of the year...
...American Tobacco Co...
...Barker rsked that the city deed part of the Stoughton Co...
...Barker also explained the commission would ask the city tn contribute 3,000 yards of gravel to be used in construction of the factory...
...The 18 corporations Include American Telephone end Telegraph, Pennsylvania Railroad...
...Barker said rurp would be shipped from all parts of the .slate lo be canned here and would then be sol.1 to commercial fox and injnk raisers and used as d< g and fat ford...
...The commission proposes that the city deed to the state that part of the Stoughton Co...
...The building wmiln cost about $17.0113 and equipment about $16,000...
...Out of each $100 of life insurance income, the triangle receives $96 10, the South $3 50 and the West $1.40...
...In an attempt to stimulate the house of representatives toward an investigation that would ultimately relieve the money monopoly of the East, Wisconsin was pushed forward as a state having 2.3 per cent of the nation's population but holding only .73 per cent of capital stock distribution...
...8.andard Oil of Indiana...
...DuPont At Co...
...Swift Si Co...
...A park would surround the building...
...This was considered in adequate basis for estimating stock holding in all other corporations by Wisconsin residents...
...14 in the South and six in the remaining West...
...Barker assured the council that the cannery would net produce objectionable odors...
...N Y. Central Railroad, American Waterworks & Elf trie Co...
...He said the mlllpand would be dredged and cleaned out to bo used for storage of the carp shipped to the cannery...
...75 companies handle 93 billion dollars of this insurance—55 of which operate in the triangle...
...Would Probe Monopoly of Cash in East Stale Has 2.3% of U. S. Population, .737 of Capital Stock BY RADFORD E. MOBLEY WASHINGTON — Wisconsin is entitled to more than three times the amount of financial turnover and business enterprise that it is getting today...
...property, acquired by the city sometime ago to the state for construction of the cannery...
...In all other matters of Income the "wealth region" was sad to receive S97 SO out of each $100...
...After pointing to the low stock holdings of Wisconsin and several other western and southern states, Patman encouraged legislation that would stop the "efforts of a few men being made to control the retail distribution ot all the counties in the U. S." Ninety per cent of the income from all money making patents has found its way into eastern coffers, Patman said...
...The proposed cannery would be erected on the center of the property...
...Propose State Carp Cannery For Stoughton Conservation Officials Ask City JDonatc Site For Factory STOUGHTON...
...and the Yahfra river, with the exception of about thiee'lols along the north line cf the tract just west of the Nelson Mufi'kr plant...
...General Motors, United Oas Improvement Corp...
...Standard OH of New Jer.-ey...
...2 election...
...Pacific Gas <fc Electric, Armour <fc Co...
...North American Corp , Packard Motor Co , £ocoiy Vacuum <fc Oil Co...
...property between the west line of S.Forrest st...
...Wright Patman of Texas presented to the house an intricate exhibit to show the extreme financial monopoly of Wall Street and a few of the big cities in the North, together with the denial of opportunity in the South, West and parts of the Middle West...
...National Dairy Products: and Commonwealth-Edison...
...The council voted unanimously to submit the question to the voters by referendum at the Apr...
...Tiie commission's proposal was outlined to the Stoughton common council le-.t week by H. W. Barker, of the commijsion's contract and commercial fishing department...
...Hi' suld the commission erpecls that...
...From among the 200 corporations which own 25 per cent of all national wealth and 50 per cent of all corporate wealth, 180 are in the New England — Pittsburgh — Detroit and Chicago triangle...
...Barker estimated...
...property here by the state conservation commission...
...Rep...
...the South $4.55 and the West $4.46...
...Of the 3.000.000 persons living In Wisconsin, 40,469 are shareholders in these corporations, averaging 40shares each...
...In studying the hue,e- life insurance business, it was said, the facts are that this region controls 95 per cent of the national 105 billion dollars worth held...
...the South $184 and the West lie...
...From this it was learned that from among the 18 leading corporations ot the nation, Wisconsin holds 1,793,082 shares of stock: .61 per capita...
...Wis.— Construction of a $33,000 carp cannery is being centemp ated on the old Stoughton Co...
...Barker could not estimate the number of men who would ba em':'toy ad in U>* rannorj...
...At the same time it was pointed out that country outside the concentrated eastern area furnishes half of the total insurance business...
...The c.in-nery, Burlier explained, would have an uiinual capacity output of 3,000,000 pamds...
...These firms hold 15 1 per cent of all non-financial corporation wealth...
...He said the building would he two stories in height and would he 100 feet square...
...SKi.OiiO may be cbtalncd irom the WPA and that lo-ofil WPA labor would lie used in cc.ii-,')triicl,.i)ii...
...or .13 per cent of capital stock riislribi.'t'on...
Vol. 10 • March 1940 • No. 12
