. The Saturday evening post. re than the currentannual gain of small capital in its savingsbanks, and probably more than these andthe gains in the life insurance companiestogether. It created thus a heavy drain onthe capital of America. However, it was a fact, now recognizedby all, that capital had secured a centralgrasp of the corporate properties of thecountry through its national agencies inWall and Broad streets. It had control, orpotential control, of the bonds and stocksof the great corporations, which now domi-nated the continent. It had secured this ata large and apparently continuing
. The Saturday evening post. re than the currentannual gain of small capital in its savingsbanks, and probably more than these andthe gains in the life insurance companiestogether. It created thus a heavy drain onthe capital of America. However, it was a fact, now recognizedby all, that capital had secured a centralgrasp of the corporate properties of thecountry through its national agencies inWall and Broad streets. It had control, orpotential control, of the bonds and stocksof the great corporations, which now domi-nated the continent. It had secured this ata large and apparently continuing that loss might be remediable. And soin the next chapter we shall see Americancapital pass on to its now familiar relationswith Washington, and plunge into theadventure of the World War, which, as allhave been so freely and vociferously in-formed by the uninformed, is always sogreatly to its advantage. Editors Note—This is the second of a series offour articles by Mr. Turner. The next will appearin an early
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