Study of the Hegemony of Parasitism - michaeljgoodnight.com

in 1913; it was first estimated at $75 million, then $50,
and finally disclosed there were only $19 million of
securities in the entire estate, of which $7 million was
owed to the art dealer Duveen. J.P. Morgan Jr. (known
to a very few intimates as Jack) was embarrassed to find
he had to sell off many of his father's art treasures to pay
the debts of the estate. Most of the huge sums handled
by J.P. Morgan went directly to the Rothschilds. In 1905,
the New York Times noted in its obituary of Baron
Alphonse de Rothschild that he possessed some $60
million in American securities, although the Rothschilds,
according to most financial authorities, had never been
active in American finance.
Lincoln Steffens noted:
"Senator Aldrich is a great man to me; not personally, but as leader of the
Senate. He, Aldrich, bows to J.P. Morgan. The other day J.P. Morgan came
to Washington, and he and I and Aldrich had a conference. And I noticed
how he, Morgan, addressed himself to me, not to Aldrich. Morgan talked to
me, while I talked to Aldrich, who talked to Morgan."
Morgan's partner, George W. Perkins, worked furiously
to obtain Theodore Roosevelt's nomination as
McKinley's running mate. During Roosevelt's presidency,
his closest advisor was George W. Perkins. Despite
Roosevelt's nickname of "trustbuster", he protected
Morgan's interests throughout his term of office. His
successor, William Howard Taft, was opposed to
Morgan, and introduced anti-trust legislation to control
two Morgan trusts, International Harvester and U.S.