The Real Owners of America

Cover The Real Owners of America
The Real Owners of America
Frank Fayant
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When this was an independent property under the control of the Huntingtons, it did not have 3,000 shareholders. Now that it is part of Mr.
Harriman*s railroad empire, the bulk of its stock is divided among 15,000 investors, and 15,000 more Union Pacific sharehold- ers participate in the earnings of the big block of its stock held for their benefit. In a word, 3,000 partners received no divi- dends in the days of the Huntington own- ership, and 30,000 investors now divide $17,000,000 a year unde
...r Harriman's con- trol.
The figure — two and a half million partners in corporate enterprises — is an approximation. It is probably too small.
Four years ago, when the Interstate Com- merce Commission made its report on rail- road shareholders, the railroads had 350,- 000 owners. Since then the Pennsylvania list has increased from 42,100 to 59,200; THE REAL OWNERS OF AMERICA Atchison, 17,500 to 25,000; New York Central, 11,700 to 22,000; Southern Pa- cific, 4,400 to. 15,000; Great Western, 5,900 to 10,500; Erie, 4,300 to 10,000; St.


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