The American Empire

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    105 directorships in 32 transportation systems having a total capital of $11, 784, 000, 000.
    63 directorships in 24 producing and trading companies having a total capitalization of $3, 339, 000, 000.
    25 directorships in 12 public utility corporations with a total capitalization of $2, 150, 000, 000.
The investment banker had become, what he was ultimately bound to be, the center of the system built upon the century-long struggle to controlthe wealth of the continent in the interest
...of the favored few whohappened to own the choicest natural gifts.
6. _The Cohesion of Wealth_ The struggle for wealth and power, actively waged among the business menof the United States for more than a century, has thus by a process ofelimination, subordination and survival, placed a few small groups ofstrong men in a position of immense economic power. The growth ofsurplus and its importance in the world of affairs has made theinvestment banker the logical center of this business leadership.


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