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** Railroads and other types of public utility companies are generally dominated by small coalitions of several families, directly or through banks or other financial instrumentalities. This holds as well for many industrial companies.
1. American Telephone
& Telegraph
2. Standard Oil
Rockefeller
(New Jersey)
3. Pennsylvania RR
4. U. S. Steel
5. Southern Pacific RR
Haldane et al.
6. N. Y. Central RR
Gates, Lapham
al.
7. Consolidated Edison
Rockefeller
(N. Y.
8. General Motors
9. Commonwealth &
Southern (utility
properties distributed)
10. Baltimore & Ohio RR
Rockefeller
11. Santa Fe RR (ATSF)
et al.
12. Cities Service
Smithers
Fairchild
13. Union Pacific RR
Rockefeller
14. Socony Vacuum Oil
al.
15. Standard Gas & Gardner et al.
1. American Telephone
& Telegraph
2. Standard Oil (New
Jersey)
3. General Motors
4. Ford Motor
5. U. S. Steel
6. Texaco
7. Socony Mobil Oil
8. Gulf Oil
9. Sears, Roebuck
10. Standard Oil of
**
Du Pont
Ford
Phipps,
Hill,
et
Mellon
Rosenwald
Electric (utility prop-
erties distributed)
16. North American Co.
et al.
(utility properties
distributed)
17. Northern Pacific Ry
18. American Power &
James,
16. Pacific Gas & Electric
17. Pennsylvania RR
18. Southern Pacific
al.
Light (utility properties
California
11. General Telephone & Paine, La Croix
Electronics
12. International Business
Machines
13. Standard Oil
(Indiana)
14. Consolidated Edison
(N. Y. )
15. General Electric
Watson-
Hewitt-
Brady et White,
Crocker
Harkness, Dodge et
distributed)
19. United Gas Improve- 19. E. I. du Pont de Nemours
ment (utility properties
Du Pont
Chrysler-
Hutton-
Mellon-
Symonds,
Webster
Kirby-
et al.
(Royal
Kenan-
et al.
distributed)
20. Great Northern Ry
Bache
Hanna-Mellon
21. Standard Oil (Indiana)
Grace
22. Bethlehem Steel
Stone &
23. Ford Motor
Murchison
24. American & Foreign
Dutch) Power
25. E. I. du Pont de
Nemours
26. Electric Power & Light
Acheson
(utility properties
distributed)
27. Commonwealth Edison
(Chicago)
28. Chesapeake & Ohio Ry
29. Illinois Central RR
Phillips
30. Pacific Gas & Electric
Edison
31. Texaco
32. Standard Oil of
Goelet
California
Vanderbilt
33. Columbia Gas &
Electric
34. Anaconda
35. Southern Ry
36. Gulf Oil
McCormick-Deering
37. Niagara Hudson Power
38. Public Service
Electricity & Gas
39. National Power & Light
(Pennsylvania RR)
(utility properties
distributed)
40. Int'l Hydro-Electric
20. Chrysler
21. Bethlehem Steel
22. Tennessee Gas
Transmission
23. New York Central
RR
24. Shell Oil
25. Western Electric
26. Union Carbide
et al.
System (utility prop-
Mellon
Mellon
tion
erties distributed)
41. International Telephone 41. Cities Service
Rockefeller Founda-
& Telegraph
et al.
27. Santa Fe RR
28. Commonwealth Edison (Chicago)
29. Phillips Petroleum
30. Southern Calif
31. Southern Co.
32. Union Pacific RR
33. American Electric
Power
34. Public Service
Electric & Gas
35. International Tele
phone & Telegraph
36. International
Harvester
37. Sinclair Oil
38. Aluminum Co. of
America
39. Norfolk & Western Ry
40. Westinghouse Electric
Du Pont-
Crocker
Harriman-
42. United Light & Power
(utility properties
distributed)
43. Norfolk & Western Ry
44. Louisville & Nashville
Pitcairn et al.
RR
45. American Gas & Electric 45. El Paso Natural Gas
(utility properties
distributed)
46. International Harvester 46. Goodyear Tire & Rubber
Roebuck)
47. General Electric
Procter-Gamble
48. Empire Gas & Fuel Co.
Rochester,
(utility properties
Philipp,
distributed) Carter et al.
49. Middle West Corpora-
Gimbel,
47. Procter & Gamble
48. Eastman Kodak
49. Anaconda
(Sears,
U. of
M. I. T. ,
Clark,
Connor,
Mather Dow
Easton,
Meyer,
Nichols
Phipps-
Brown &
Payson
tion (utility properties
Guggenheim
distributed)
50. Philadelphia Electric
51. Reading
52. Shell Union Oil
53. Pacific Telephone &
Rosengarten
Telegraph
54. Republic Steel
Schoelkopf,
Machold,
Lewis et al.
55. New England Power
Association
56. American Water Works
Firestone-Rieck
& Electric (utility
50. Republic Steel
51. Dow Chemical
52. Consumers Power
53. Philadelphia Electric
54. Niagara Mohawk
Power
55. General Public
Utilities
Woodworth
properties distributed)
57. Southern California
Weber,
Edison
et al.
58. Kennecott Copper
59. Consolidated Oil
Mills
60. Koppers
Root
61. Engineers Public
Service (utility
57. Allied Chemical
properties distributed)
62. Atlantic Coast Line 62. Detroit Edison
RR
63. Philadelphia Company 63. Armco Steel et al.
42. Continental Oil
43. Monsanto
44. Columbia Gas &
Electric
56. Firestone Tire &
Rubber
58. Radio Corp. of America
59. International Paper
60. Texas Eastern
Transmission
61. Celanese
(utility properties
distributed)
64. Armour (Illinois)
65. Swift
Reynolds
66. Western Union
Hanna
Telegraph
67. Detroit Edison
68. Union Carbide
Reynolds
69. Sears, Roebuck
70. American Tobacco
?
64. Texas Utilities
65. Reynolds Metals
66. National Steel
67. Northern Pacific Ry
68. R. J. Reynolds
Tobacco
69. Tidewater Oil
70. Great Northern Ry
M. A.
?
Getty
? In both these companies a strong interest was held by the late Arthur Curtiss James, who died without heirs. The late Vincent Astor was also a leading stockholder in Great Northern Railway.
71. New York, Chicago &
St. Louis RR
72. United Gas
73. Northern States Power
74. Pullman
Rockefeller
75. International Paper
76. New England
Mather
Telephone & Telegraph
77. Missouri-Kansas-Texas
RR
78. West Penn Electric
71.
American Natural
Gas
72. American Can
73. Olin Mathieson
Chemical
74. Atlantic Refining
75. Sun Oil
76. Inland Steel
77. Southern Ry
Moore Olin
Pew Block-
Ryerson
Jones Kaiser
Earl
Penros
Grace-
Line
Deere Ward,
Avery,
78. Middle South Utilities
79. Aluminum Co. of America 79. Consolidated Natural Gas
80. Consumers Power
Laughlin-Horne
81. Allied Chemical
82. Westinghouse Electric
83. Delaware & Hudson
Matthews-Stewart
RR
84. F. W. Woolworth
Guggenheim
e et al.
85. Youngstown Sheet & Phipps
Tube
86. Jones & Laughlin
(Atlantic Coast
Steel
RR)
87. Montgomery Ward
88. Phillips Petroleum
89. Armour (Delaware)
Thorne,
McLennan
90. Lehigh Valley RR
Woolworth-McCann
80. Jones & Laughlin
Steel
81. Kaiser Aluminum
82. Virginia Electric & Power
83. Union Oil of
California
84. Kennecott Copper
85. W. R. Grace
86. Louisville & Nashville
RR
87. Sperry Rand
88. Deere
89. Montgomery Ward
90. F. W. Woolworth
e-Kirby
91. National Steel 91. Chicago, Burl. & Quincy RR
92. Tidewater Oil 92. Continental Can
93. National Dairy Products 93. Caterpillar Tractor
94. Duquesne Light Co.
95. Phelps Dodge
Singer-Clark
96. Goodyear Tire &
Miller-Volkman
Rubber
Schilling
97. Chrysler
Breyer
McInnerney
98. Central & South West
Elkins-Widener
(utilities)
99. United Fruit
Pont
100. Atlantic Refining
Hartford
101. Great Atlantic &
Pacific Tea
102. Liggett & Myers
Tobacco
94. Youngstown Sheet & Tube
95. Singer
96. Pacific Lighting
97. National Dairy
Products
98. American Tobacco
99. U. S. Rubber
100. Great Atlantic &
Pacific Tea
101. Peoples Gas Light &
Coke
102. Union Electric (St.
Mather
Rieck-
Du
Bell- Biddle
Stone
Dawes
Duke Share)
Post- Woodwa
Louis)
103. R. J. Reynolds Tobacco 103. American Cyanamid
Darby
-Duke
104. Eastman Kodak
Pitcairn-Mellon
105. U. S. Rubber
& Webster
106. Pure Oil McKnight
107. American Can et al.
108. Warner Brothers
109. Federal Water Service 109. Burlington Industries
110. Lackawanna RR
(absorbed by Erie RR)
111. Peoples Gas Light &
Coke
112. Central RR of N. J
113. Western Maryland Ry
114. Firestone Tire &
(Electric Bond &
Rubber
115. American Radiator &
Std. Sanitary
116. Union Oil of Cal.
Davies-Hutton
rd-Igleheart
117. Boston Edison
118. Singer
119. Inland Steel
110. New England
Electric System
111. Florida Power & Light
112. Illinois Central RR
113. Duke Power
114. American & Foreign
Power
115. United Air Lines
116. General Foods
117. Northern States Power
118. American Airlines
119. Northern Natural Gas
104. Pittsburgh Plate Glass
105. Transcontinental Gas
Pipe Line
106. Minnesota Mining & Mfg.
107. Pure Oil
108. Ohio Edison
Donohu
120. Duke Power
Weyerhaeuser
Bell
ht
121. Pere Marquette Ry
Zellerbach
120. Weyerhaeuser
(absorbed by
Chesapeake & Ohio Ry)
122. Virginian Ry
Rockefeller
123. Pacific Lighting
124. American Smelting &
Refining
125. Consolidated Gas,
122. Marathon Oil
(Armco)
127. Glen Alden Coal
Borden-Milbank
127. Borden
et al.
Horton
Childs
Swift
Howard Henry
128. Procter & Gamble
129. Loew's, Inc
130. Weyerhaeuser
131. Pittsburgh (Consolida- 131. Long Island Lighting
Phillips-Olmsted
tion) Coal
132. Ohio (Marathon) Oil
Penney-Ginn-Sams
Co.
133. B. F. Goodrich
134. Continental Can
Cheatham-Pamplin
135. Kansas City Southern
Ry
136. Long Island Lighting
137. Lone Star Gas Corp.
Panhandle Eastern
Pipeline
138. Sun Oil
139. Hearst Consolidated
Hughes
Publications, Inc.
121. Crown Zellerbach
123. Chicago, Mil. & St. Paul RR
124. Pacific Power and Light
125. Allegheny Power System
Electric Light & Power
of Baltimore (name
changed)
126. American Rolling Mill 126. B. F. Goodrich
Goodrich, Raymond
128. Boeing
129. Pan American Airways
130. Brunswick
132. J. C. Penney
133. Erie-Lackawanna RR
134. Georgia-Pacific
135. Federated Department
Stores
136. Swift
137. National Distillers
138. Sunray DX Oil
139. Trans World Airlines
140. General Dynamics
141. United Shoe Machinery 141. Baltimore Gas & Electric
140. Cincinnati Gas &
Crown
Electric
142. Cleveland Electric
Illuminating
143. National Biscuit
144. Wheeling Steel
145. S. S. Kresge
146. Borden
Walters-Newcomer
Jenkins
147. Hudson & Manhattan
142. Panhandle Eastern
Pipe Line
143. United Aircraft
144. Chicago & North Western Ry
145. Pennsylvania Power & Light
146. Atlantic Coast Line
RR
147. Potomac Electric
Clapp-
McKnig
RR
148. Paramount Pictures
149. American Sugar
150. Pittsburgh Plate Glass 150. Joseph E. Seagram
Bronfman
Power
148. St. Regis Paper
149. North American Aviation
and Sons
151. May Department Stores
152. Corn Products
153. General Tire & Rubber
154. Owens-Illinois
155. FMC
156. Coca-Cola
157. Safeway Stores
158. Allis-Chalmers
159. Lockheed Aircraft
160. Signal Oil & Gas
161. Wisconsin Electric Power
162.