The Anglo-American Money Trust
It is reported that J. P. Morgan is now engaged in arranging for the establishment of a great Anglo-American bank with a capital of one billion dollars. It is proposed to abolish all the principal financial agencies now transacting bank business between America and Europe, and make this new money trust the principal agency for carrying on such business. It is said that this financier has had in mind for a long time the creation of a single great institution, which would dominate not only the banking business passing to and fro between America and Europe, but would practically dictate the financial operations of the world. Thus is trust piling upon trust, and thus are the finances of the world being more securely gathered under the control of a few men.