To firmly drive home the point, let’s go through these examples:
1. I was so struck by the horror of this idea, which had weighed upon me from the first, and the working out of which would make me regard myself, in some sort, as his murderer, that I could not rest in my chair but began pacing to and fro. I said to Herbert, meanwhile, that even if Provis were recognized and taken, in spite of himself, I should be wretched as the cause, however innocently. Yes, even though I was so wretched in having him at large and near me, and even though I would far rather have worked at the forge all the days of my life than I would ever have come to this!
- Great Expectations (Chapter 41), by Charles Dickens.
2. Centralization of control over financial resources was far advanced by 1910. In the United States, there were two main focal points of this control: the Morgan group and the Rockefeller group. Within each orbit was a maze of commercial banks, acceptance banks, and investment firms. In Europe, the same process had proceeded even further and had coalesced into the Rothschild group and the Warburg group. An article appeared in the New York Times on May 3, 1931, commenting on the death of George Baker, one of Morgan’s closest associates. It said: “One-sixth of the total wealth of the world was represented by members of the Jekyll Island Club.” The reference was only to those in the Morgan group, (members of the Jekyll Island Club). It did not include the Rockefeller group or the European financiers. When all of these are combined, the previous estimate that one-fourth of the world’s wealth was represented by these groups is probably conservative.
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