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THE IRON HEEL

not give you twenty-five cents' worth of governmental power. It is an empty shell, and soon even the empty

    serious. It became a nightmare. The oil income was swelling, swelling, and the number of sound investments limited, even more limited than it is now. It was through no special eagerness for more gains that the Rockefellers began to branch out from oil into other things. They were forced, swept on by this inrolling tide of wealth which their monopoly magnet irresistibly attracted. They developed a staff of investment seekers and investigators. It is said that the chief of this staff has a salary of $125,000 a year.

    "The first conspicuous excursion and incursion of the Rockefellers was into the railway field. By 1895 they controlled one-fifth of the railway mileage of the country. What do they own or, through dominant ownership, control to-day? They arc powerful in all the great railways of New York, north, east, and west, except one, where their share is only a few millions. They are in most of the great railways radiating from Chicago. They dominate in several of the systems that extend to the Pacific. It is their votes that make Mr. Morgan so potent, though, it may be added, they need his brains more than he needs their votes—at present, and the combination of the two constitutes in large measure the 'community of interest.'

    "But railways could not alone absorb rapidly enough those mighty floods of gold. Presently John D. Rockefeller's $2,500,000 a month had increased to four, to five, to six millions a month, to $75,000,000 a year. Illuminating oil. was becoming all profit. The reinvestments of income were adding their mite of many annual millions.

    "The Rockefellers went into gas and electricity when those industries had developed to the safe investment stage. And now a large part of the American people must begin to enrich the Rockefellers as soon as the sun goes down, no matter what form of illuminant they use. They went into farm mortgages. It is said that when prosperity a few years ago enabled the farmers to rid themselves of their mortgages, John D. Rockefeller was moved almost to tears; eight millions which he had thought taken care of for years to come at a good interest were suddenly dumped upon his doorstep and there set up a-squawking for a new home. This unexpected addition to his worriments in finding places for the progeny of his petroleum and their progeny and their progeny's progeny was too much for the equanimity of a man without a digestion. …

    "The Rockefellers went into mines—iron and coal and copper and lead; into other industrial companies; into street railways, into national,