45
ELLIOTT SPRINGS
AND
HUGH WILLIAM CLOSE
Elliott Springs father, Leroy Springs, was the general manager and a trustee for L.C. Payseur.
Leroy Springs had been entrusted with and had
in his possession hundreds of papers, including
grant deeds, warranty deeds, trust deeds, Stock
certificates from many well known companies,
bonds, loan agreements and many other
important papers, all of which had been given to
him by L.C. Payseur to be held in Trust.
It used
to be a common practice of Leroy's to take some
of these papers, whichever might be pertinent to
the days' business, with him, and. upon returning
home at night, to replace them in his safe.
Leroy Springs died on April 7, 1931, and his son
and successor. Elliott White Springs, found the
briefcase, and in turn, the safe full of L.C.
Payseur's papers, and began to devise a way of
embezzling those assets.
Prior to World war I, Elliott Springs attended the Royal Air Corps at Princeton University, then sailed for England to attend a training school for flyers at Oxford University. At this time. Princeton and Oxford were documented hotbeds of communist and socialist political activities in this era, and both universities were to have quite an influence on the way that Elliot (as a member of the "Bourgeoisie Proletariat") treated his "downtrodden friends". An interesting note to add here is that in 1929-30 the communist started trying to take over the cotton mills and their employees in the Carolinas' therefore causing riots and murder; then everything went back to a semi-normal state of confusion.
Upon Leroy's death, a man by the name of H.R. Rice took control of the Lancaster Cotton Mills and. among other things, convinced Mrs. Springs that her "playboy step-son" Elliott, should run the mills, railroad, and banks, which, shortly thereafter, he did get the control of.
It was during the time that H.R. Rice and Elliott Springs were in total control that much of the embezzlements and record-changing of L.C. Payseurs' property took place, according to the dates found on documents recorded in courthouses; the deeds in the name of L.C. Payseur disappeared from the Courthouse records.
It was also in this time period that Elliott Springs embezzled the stock of the Lancaster Cotton Mill and changed its name to "Springs Mills Incorporated". I'm sure you are familiar with the name almost everyone sleeps on - "Springmaid". sheets and pillow cases, or dries with their towels.
The heirs of Lewis Cass Payseur were his three daughters, who were born into a wealthy family which believed the "old ways" - ladies are not allowed to work or know about business matters, period. They did know, however, about the various railroad leases and other assets of their father, L.C. Payseur. under the management of Mr. Springs, the "Trustee" (Leroy Springs has been reported by the daughters of L.C. Payseur to be the finest person L.C. Payseur had ever known, and the most honest, but Leroy's son. Elliott, was known in that family to be an "untrustworthy playboy", and also in that family, H.R. Rice was reported to be "a crook"), through The Bank of Lancaster.
Prior to World war I, Elliott Springs attended the Royal Air Corps at Princeton University, then sailed for England to attend a training school for flyers at Oxford University. At this time. Princeton and Oxford were documented hotbeds of communist and socialist political activities in this era, and both universities were to have quite an influence on the way that Elliot (as a member of the "Bourgeoisie Proletariat") treated his "downtrodden friends". An interesting note to add here is that in 1929-30 the communist started trying to take over the cotton mills and their employees in the Carolinas' therefore causing riots and murder; then everything went back to a semi-normal state of confusion.
Upon Leroy's death, a man by the name of H.R. Rice took control of the Lancaster Cotton Mills and. among other things, convinced Mrs. Springs that her "playboy step-son" Elliott, should run the mills, railroad, and banks, which, shortly thereafter, he did get the control of.
It was during the time that H.R. Rice and Elliott Springs were in total control that much of the embezzlements and record-changing of L.C. Payseurs' property took place, according to the dates found on documents recorded in courthouses; the deeds in the name of L.C. Payseur disappeared from the Courthouse records.
It was also in this time period that Elliott Springs embezzled the stock of the Lancaster Cotton Mill and changed its name to "Springs Mills Incorporated". I'm sure you are familiar with the name almost everyone sleeps on - "Springmaid". sheets and pillow cases, or dries with their towels.
The heirs of Lewis Cass Payseur were his three daughters, who were born into a wealthy family which believed the "old ways" - ladies are not allowed to work or know about business matters, period. They did know, however, about the various railroad leases and other assets of their father, L.C. Payseur. under the management of Mr. Springs, the "Trustee" (Leroy Springs has been reported by the daughters of L.C. Payseur to be the finest person L.C. Payseur had ever known, and the most honest, but Leroy's son. Elliott, was known in that family to be an "untrustworthy playboy", and also in that family, H.R. Rice was reported to be "a crook"), through The Bank of Lancaster.
The records prove that prior to L.C. Payseur's death, his Stock Dividends from the Bank of Lancaster were
400% quarterly, and the members (stockholders) were trying to get L.C. Payseur to sell his controlling interest
in the Bank of Lancaster, which, according to the records of Payseur, he never did. The Springs now claim that they have a 90% control of ownership, which does not balance with the original Payseur documents.
During the depression, which was by this time, in full swing, the U.S. government was looking for sponsors for a "job creation scheme": the plan was commonly known as "CCC & WPA".
In Lancaster, one of these "jobs" was the re-indexing of the County Records, and this was gleefully sponsored by the Lancaster Cotton Mills, under the direct supervision of Elliott White Springs.
The books containing the County Records were taken from the courthouse to the Lancaster Cotton Mills buildings where they were "meticulously cared for" and "re-indexed".
When the books came back to the Courthouse, the "new" indexes did not contain some entries which remained in the books, and almost all the missing index entries were those concerning land transactions and deeds transferring land to L.C. Payseur.
Not only were the index entries incorrect, but they also did not include the loose deeds of the transactions concerning L.C. Payseur which formerly had been attached to the records. These loose deeds were all gone. This "loss" of the deeds of L.C. Payseur was further compounded, when, in the early 1980's, and under the close supervision of Hugh William Close, successor to Elliott White Springs, the county records were placed on microfiche and microfilm.
When this occurred, the book entries concerning Payseur were themselves replaced with meaningless and nonsensical entries in order to keep the page numbers consecutive.
This "Plan" to wipe out the entries of what amounted to many hundreds of land deed entries lacked the foresight to account for two significant things:
1. L.C. Payseur had quite a few of the original deeds at home. Leroy had not been given everything in Trust, and,
2. The Tax (IRS) records could not be made to account for the differences between the past and the present owning to the fact that the "records" were now "incorrect".
Elliott Springs daughter, Anne Springs, grand-daughter of the Trustee. Leroy Springs, married a Mafia related man from New Jersey by the name of Hugh William Close; the exact time of their marriage is not known but is suspected to have been in the late 1940s or early 1950s'. Elliott Springs brought his new son-in-law into the business. At this time, Elliott's playmates from the Mafia began taking control of the Payseur dynasty. Mr. Close became the chairman and chief elected officer of all the Spring's (really Payseur) Companies (Banks, Railroads. Cotton Mills, Oil Companies, News Media's, Land Development Companies, Food Industry, Frozen Food Companies, Power and Communications Companies, Water Companies, Etc.).
During the depression, which was by this time, in full swing, the U.S. government was looking for sponsors for a "job creation scheme": the plan was commonly known as "CCC & WPA".
In Lancaster, one of these "jobs" was the re-indexing of the County Records, and this was gleefully sponsored by the Lancaster Cotton Mills, under the direct supervision of Elliott White Springs.
The books containing the County Records were taken from the courthouse to the Lancaster Cotton Mills buildings where they were "meticulously cared for" and "re-indexed".
When the books came back to the Courthouse, the "new" indexes did not contain some entries which remained in the books, and almost all the missing index entries were those concerning land transactions and deeds transferring land to L.C. Payseur.
Not only were the index entries incorrect, but they also did not include the loose deeds of the transactions concerning L.C. Payseur which formerly had been attached to the records. These loose deeds were all gone. This "loss" of the deeds of L.C. Payseur was further compounded, when, in the early 1980's, and under the close supervision of Hugh William Close, successor to Elliott White Springs, the county records were placed on microfiche and microfilm.
When this occurred, the book entries concerning Payseur were themselves replaced with meaningless and nonsensical entries in order to keep the page numbers consecutive.
This "Plan" to wipe out the entries of what amounted to many hundreds of land deed entries lacked the foresight to account for two significant things:
1. L.C. Payseur had quite a few of the original deeds at home. Leroy had not been given everything in Trust, and,
2. The Tax (IRS) records could not be made to account for the differences between the past and the present owning to the fact that the "records" were now "incorrect".
Elliott Springs daughter, Anne Springs, grand-daughter of the Trustee. Leroy Springs, married a Mafia related man from New Jersey by the name of Hugh William Close; the exact time of their marriage is not known but is suspected to have been in the late 1940s or early 1950s'. Elliott Springs brought his new son-in-law into the business. At this time, Elliott's playmates from the Mafia began taking control of the Payseur dynasty. Mr. Close became the chairman and chief elected officer of all the Spring's (really Payseur) Companies (Banks, Railroads. Cotton Mills, Oil Companies, News Media's, Land Development Companies, Food Industry, Frozen Food Companies, Power and Communications Companies, Water Companies, Etc.).
This marriage was a milestone for the Mafia, because for a long time they had been trying to get their hands
on
certain properties. In September 16, 1920, a small wagon was seen in front of the imposing office building of
J.P. Morgan and Company (54 Wall Street). No one really paid much attention to the wagon. But at 11:59 A.M. lower Manhattan shook with a thunderous explosion. The wagon, loaded with dynamite and planted in
front of Morgan's office to destroy the symbol of capitalism, had exploded with such fury that thirty-eight
persons were killed, hundreds lay injured and bleeding. Automobiles were overturned, windows were
shattered and debris was everywhere. The New Jersey and New York Mafia wanted to take over the garment textile business at the cotton mills level of manufacturing and this "attack" was known at that time to be aimed
at the textile business which also owned the controlling interest of railroads. J.P. Morgan was the trustee for
the railroads which were (and are) in turn owned by the cotton mills. This was a terrorist move against J.P.
Morgan (and his office, bank and trust companies) as Trustee(s) of the Lancaster Cotton Mills and the
Lancaster and Chester Railway Companies (which are today the principal owners of Southern Railway
Company which is all owned by what was the Lancaster Cotton Mills before the embezzlement by the
Springs).
A NOTE FROM THE AUTHOR
In the summer of 1994 the book, "Pandora's Box", was discovered by my former partner, whom is in this country illegally from England and Donald Croom B .......... the heir to the Payseur fortune if he could get control of it again.
I was threatened, scared to death and all of my records and originals for the printing of my book were taken out of my home by these people and my family has stayed on pins and needles for many month and I have had to re-create the book in order to reprint it.
In 1990 my former partner and I confronted Donald with the proposal that we would like to write a book about his family's history, but we needed some guidance from him as to how the story all fit together. I had already dug up a lot of documentation on the family history, enough to show to my partner and spark his interest to try and do a book.
Donald told us that what we wanted was insider secrets and that he could not give them to us unless we became a part of the secret. To accomplish this we each had to buy into a company to become part of the insider group and then he made us sign a contract. This contract was for us to do the research and discovery of information to complete the story of Donald's family, the Payseurs.
He lead us to believe that this book when completed with all the truth would be published on a national scale and distributed everywhere. In truth this was not what he had in mind at all as I found out years later.
After signing this contract we all started working together on the book, research and compiling of information to put this huge story together. My partner was living with me in my house in the south and we found ourselves putting all of our money, time and effort into this project that was originally supposed to only take three months.
We have never been reimbursed for any of the work we did under the bogus contract that Donald locked us into. Which turned into years of work and research not three months. Pan of the objective of writing this book was to help the Payseur heirs to prove they really owned everything that L.C. Payseur set up and his family before him , to regain control with the governments help and to charge each of almost all the Fortune 500 companies with Antitrust violations. Upon proving these violations we would receive the reward from the government and Justice Departments cracking down on them. Ha! Ha! All of this sounded really good in the beginning because my partner and I would have shared something like 3 billion dollars in rewards.
A NOTE FROM THE AUTHOR
In the summer of 1994 the book, "Pandora's Box", was discovered by my former partner, whom is in this country illegally from England and Donald Croom B .......... the heir to the Payseur fortune if he could get control of it again.
I was threatened, scared to death and all of my records and originals for the printing of my book were taken out of my home by these people and my family has stayed on pins and needles for many month and I have had to re-create the book in order to reprint it.
In 1990 my former partner and I confronted Donald with the proposal that we would like to write a book about his family's history, but we needed some guidance from him as to how the story all fit together. I had already dug up a lot of documentation on the family history, enough to show to my partner and spark his interest to try and do a book.
Donald told us that what we wanted was insider secrets and that he could not give them to us unless we became a part of the secret. To accomplish this we each had to buy into a company to become part of the insider group and then he made us sign a contract. This contract was for us to do the research and discovery of information to complete the story of Donald's family, the Payseurs.
He lead us to believe that this book when completed with all the truth would be published on a national scale and distributed everywhere. In truth this was not what he had in mind at all as I found out years later.
After signing this contract we all started working together on the book, research and compiling of information to put this huge story together. My partner was living with me in my house in the south and we found ourselves putting all of our money, time and effort into this project that was originally supposed to only take three months.
We have never been reimbursed for any of the work we did under the bogus contract that Donald locked us into. Which turned into years of work and research not three months. Pan of the objective of writing this book was to help the Payseur heirs to prove they really owned everything that L.C. Payseur set up and his family before him , to regain control with the governments help and to charge each of almost all the Fortune 500 companies with Antitrust violations. Upon proving these violations we would receive the reward from the government and Justice Departments cracking down on them. Ha! Ha! All of this sounded really good in the beginning because my partner and I would have shared something like 3 billion dollars in rewards.
After years of being involved in this game I reasoned in my own thinking that Donald was not being truthful
with us because we just could not get things finished. Then one day my partner found a letter in Donald's
office stating that he had hired us to research and write this book for him, because he couldn't do it. to turn the
whole thing over to the Justice Department, only, still for the public to never find out any of this information.
The contract was to put a noose around our necks so that we could never reveal any of the information to the
public without Donald having recourse on us. He set himself up to have total control of how. when and where
this information would go. I took the contract we signed to three different law firms and all of them said it
was incoherent and not valid. So I decided to take what information my partner and I had already done and
finish a book on my own. I felt like the good American people deserved to know some of what has happened
to this country and why because of one families greed and stupidly we are on the brink of losing our country. I
also felt that my former English partner, chicken, did not have a vested interest in this countries future because
it is not his home land. The story is not complete but it is a good start.
After the book had been out for a year when my former, mad, partner found out about it he also contacted Donald and they both have done everything they possibly can to stop it from reaching the public. Mud slinging and everything dirty they could think of to make me look bad and to discredit anything I have tried to do to help our country survive.
I have received many copies of letters that the heir, Donald, has sent to everybody from the White House on down to my lawyer to try and stop my book from being out in the public's hands.
I am going to give you some excerpt from one of the letters that he had sent to a staff writer of a North Carolina newspaper about "Pandora's Book", in regards to what 1 had written about the Springs/Close family from my observation and research and insider information. This staff writer, some time back, had started his own research on the Springs/Close family and had written an article for the "Charlotte Observer" about Bill Clinton spending a weekend or over night in the home of Mrs. Hugh William Close at Ft. Mill. South Carolina.
Donald writes: "My family started the Lancaster Cotton Mills and the Lancaster and Chester Railway Company, and we are not "Mafia". Hugh William Close did threaten to murder my entire family and me if any of this information ever reached the public through me, and that is well documented throughout the southern States with various law enforcement agencies for my family's protection".
(Sounds like something the mob would do, doesn t it.)
"My associate Elliott Springs Close and his family, I don't think he is "Mafia", and President Clinton staying in his home, looks bad for our President of these United States "sleeping with the Mafia".
(Sounds like kissing up and covering backside)
After the book had been out for a year when my former, mad, partner found out about it he also contacted Donald and they both have done everything they possibly can to stop it from reaching the public. Mud slinging and everything dirty they could think of to make me look bad and to discredit anything I have tried to do to help our country survive.
I have received many copies of letters that the heir, Donald, has sent to everybody from the White House on down to my lawyer to try and stop my book from being out in the public's hands.
I am going to give you some excerpt from one of the letters that he had sent to a staff writer of a North Carolina newspaper about "Pandora's Book", in regards to what 1 had written about the Springs/Close family from my observation and research and insider information. This staff writer, some time back, had started his own research on the Springs/Close family and had written an article for the "Charlotte Observer" about Bill Clinton spending a weekend or over night in the home of Mrs. Hugh William Close at Ft. Mill. South Carolina.
Donald writes: "My family started the Lancaster Cotton Mills and the Lancaster and Chester Railway Company, and we are not "Mafia". Hugh William Close did threaten to murder my entire family and me if any of this information ever reached the public through me, and that is well documented throughout the southern States with various law enforcement agencies for my family's protection".
(Sounds like something the mob would do, doesn t it.)
"My associate Elliott Springs Close and his family, I don't think he is "Mafia", and President Clinton staying in his home, looks bad for our President of these United States "sleeping with the Mafia".
(Sounds like kissing up and covering backside)
"You know for a fact as you have earlier obtained copies of the police and Federal records where Hugh
William Close threatened to murder my entire family if any of this information ever reached the knowledge of
the public; Therefore I take the public release of "Pandora's Box as a serious threat against my life in the event that Elliott Springs Close and his family think I had anything whatsoever to do with the release of this
information, which I did not and in fact I've tried to block it from becoming public knowledge for the safety
of my family and myself. Therefore this letter is my so-called "insurance policy" to advise my associate(s)
that I did not release this information to the public, and while I have some knowledge about this matter as
being the great-grandson of the co-founder of the Lancaster Cotton Mills and of the Lancaster and Chester
Railway Company, and a stockholder of record in both at this time, the same having young Mr. Elliott Springs
Close as a Director of the Board thereto".
(I thought all of that was rather interesting in as much as I had been trying for two years to find a connection between the Springs and Bill Clinton and he put the information about a newspaper story of Clinton spending the weekend with the Springs in South Carolina. Now I ask you don't birds of a feather usually flock together. Why would the President of the U. S. he staying with this family if there wasn't some really important connections there? I already knew that Gore was connected with the Springs/Close but couldn't not connect Clinton until now).
Also one of the big T.V. networks did a story on small town corruption a few years back and named one of the Springs or Close boys as being involved in cocaine somehow.
Also have you seen the video of the "Clinton Chronicles", which states that Clinton headed up cocaine trafficking and drug money laundering in Arkansas. What was that, "Birds of a feather flock together". If you haven't seen the video get it, its a must see. The "Clinton Chronicles" by Larry Nickels nails Clinton's hide as been up to his ears with organized crime and the mob, and all kinds of criminal activities.
(I thought all of that was rather interesting in as much as I had been trying for two years to find a connection between the Springs and Bill Clinton and he put the information about a newspaper story of Clinton spending the weekend with the Springs in South Carolina. Now I ask you don't birds of a feather usually flock together. Why would the President of the U. S. he staying with this family if there wasn't some really important connections there? I already knew that Gore was connected with the Springs/Close but couldn't not connect Clinton until now).
Also one of the big T.V. networks did a story on small town corruption a few years back and named one of the Springs or Close boys as being involved in cocaine somehow.
Also have you seen the video of the "Clinton Chronicles", which states that Clinton headed up cocaine trafficking and drug money laundering in Arkansas. What was that, "Birds of a feather flock together". If you haven't seen the video get it, its a must see. The "Clinton Chronicles" by Larry Nickels nails Clinton's hide as been up to his ears with organized crime and the mob, and all kinds of criminal activities.
Report of H. W. Close,
Board Chairman
We feel very very positive about Springs' future.
It's often too easy to dwell on problems. All industry today is faced with such difficulties as inflation, excessive government regulation, energy, foreign competition. Textiles has a few special problems, such as the pending cotton dust standard, noise and toxic substances regulations and others.
The challenge is to find ways of dealing with these problems. The good companies do this, and we're one of the good ones. We are here not just to survive but to grow and to prosper.
We think the things we have done and are doing will help us accomplish that. By that I mean sophisticated planning, commitment of dollars to productivity gains, above-average management and labor, and knowledgeable assumptions about our environment. That's the kind of company we are, and that's the feel we want to convey to you today.
Capital Investment
With an excellent year behind us, we are continuing our heavy pace of capital investment to modernize our 19 existing textile manufacturing plants in the Carolinas as well as our 4 newly acquired Georgia plants. In our annual report we called this an "investment in tomorrow", which should tell you we plan to be around for a long, long time.
Board Chairman
We feel very very positive about Springs' future.
It's often too easy to dwell on problems. All industry today is faced with such difficulties as inflation, excessive government regulation, energy, foreign competition. Textiles has a few special problems, such as the pending cotton dust standard, noise and toxic substances regulations and others.
The challenge is to find ways of dealing with these problems. The good companies do this, and we're one of the good ones. We are here not just to survive but to grow and to prosper.
We think the things we have done and are doing will help us accomplish that. By that I mean sophisticated planning, commitment of dollars to productivity gains, above-average management and labor, and knowledgeable assumptions about our environment. That's the kind of company we are, and that's the feel we want to convey to you today.
Capital Investment
With an excellent year behind us, we are continuing our heavy pace of capital investment to modernize our 19 existing textile manufacturing plants in the Carolinas as well as our 4 newly acquired Georgia plants. In our annual report we called this an "investment in tomorrow", which should tell you we plan to be around for a long, long time.
We have stepped up our capital spending immensely. 1978 was the first full year of our program to invest more than $100 million in textile
modernization. We spent $36.8 million; of this
$33.9 million was in textiles, triple the amount
we invested in 1977. We plan the same high
level of spending this year - $33.2 million in
textiles. $3.1 million in frozen foods.
Here's another way of looking at this program. Our capital spending in 1978 was 182 percent of depreciation. In the four previous years.
This address was a warning; if you had the knowledge to read between the lines and the knowledge that is held in the chapters of this book, you should be able to start reading between the lines:
"Three days from now, after half a century in the service of our country, I shall lay down the responsibilities of office as. in traditional and solemn ceremony, the authority of the Presidency is vested in my successor.
We now stand ten years past the midpoint of a century that has witnesses four major wars among great nations.
Three of them involved our own country. Despite these holocausts America is today the strongest, the most influential and most productive nation in the world. Understandably proud of this pre-eminence we yet realize that America's leadership and prestige depend, not merely upon our unmatched material progress, riches and military strength, but on how we use our power in the interests of world peace and human betterment.
Throughout America's adventure in free government, our basic purpose have been to keep the peace; to foster progress in human achievement, and to enhance liberty, dignity and integrity among people and among nations. To strive for less would be unworthy of a free and religious people. Any failure traceable to arrogance, or our lack of comprehension or readiness to sacrifice would inflict upon us grievous hurt both at home and abroad.
Progress toward the noble goals is persistently threatened by the conflict now engulfing the world. It commands our whole attention, absorbs our very being. We face a hostile ideology-global in scope, atheistic in character, ruthless in purpose, and insidious in method. Unhappily the danger it poses promises to he of indefinite duration. To meet it successfully, there is called for, not so much the emotional and transitory sacrifices of crisis, but rather those which enable us to carry forward steadily, surely, and without complaint the burdens of a prolonged and complex struggle-with liberty the stake. Only thus shall we remain, despite every provocation, on our charted course toward permanent peace and human betterment.
A vital element in keeping the peace is our military establishment. Our arms must be mighty, ready for instant action, so that no potential aggressor may be tempted to risk his own destruction.
Our military organization today bears little relation to that known by any of my predecessors in peacetime, or indeed by the fighting men of World War II or Korea.
Until the latest of our world conflicts, the United States had no armaments industry. American makers of plowshares could, with time and as required, make swords as well. But now we can no longer risk emergency improvisation of national defense; we have been compelled to create a permanent armaments industry of vast proportion. Added to this, three and a half million men and women are directly engaged in the defense establishment. We annually spend on military security more than the net income of all United States corporations.
This conjunction of a immense military establishment and a large arms industry is new in the American experience. The total influence-economic, political, even spiritual is felt in every city, every statehouse, every office of the federal government. We recognize the imperative need for this development. Yet we must not fail to comprehend its grave implications. Our toil, resources, and livelihood are all involved; so is the very structure of our society.
In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist.
We must never let the weight of this combination endanger our liberties or democratic processes. We should take nothing for granted. Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals, so that security and liberty may prosper together.
Akin to, and largely responsible for the sweeping change in our industrial-military posture, has been the technological revolution during recent decades.
In this revolution, research has become central; it also becomes more formalized, complex, and costly. A steadily increasing share is conducted for, by or at the direction of, the federal government.
The prospect of domination of the nation's scholars by federal employment, project allocation, and the power of money is ever present and is gravely to be regarded.
Yet, in holding scientific research and discovery in respect, as we should, we must also be alert to the equal and opposite danger that public policy could itself become the captive of a scientific-technological elite.
It is the task of statesmanship to mold, to balance, and to integrate these and other forces, new and old, within the principles of our democratic system, ever aiming toward the supreme goals of our free society.
Another factor in maintaining balance involves the element of time. As we peer into society's future, we you and I, and our government must avoid the impulse to live only for today, plundering, for our own ease and convenience, the precious resources of tomorrow. We cannot mortgage the material assets of our grandchildren with risking the loss also of their political and spiritual heritage. We want democracy to survive for all generation to come, not to become the insolvent phantom of tomorrow.
Down the long lane of the history yet to be written America knows that this world of ours, ever growing smaller, must avoid becoming a community of dreadful fear and hate, and be instead, a proud confederation of mutual trust and respect.
Such a confederation must be one of equals, the weakest must come to the conference table with the same confidence as do we, protected as we are by our moral, economic, and military strength. That table, though scarred by many past frustration, cannot be abandoned for the certain agony of the battlefield.
Disarmament, with mutual honor and confidence, is continuing imperative. Together we must learn how to compose differences not with arms, but with intellect and decent purpose. Because this need is so sharp and apparent I confess that I lay down my official responsibilities in this field with a definite sense of disappointment. As one who has witnessed the horror and the lingering sadness of war as one who knows that another war could utterly destroy this civilization which has been so slowly and painfully built over thousands of years I wish I could say tonight that a lasting peace is in sight.
Happily, I can say that war has been avoided. Steady progress toward our ultimate goal has been made. But, so much remains to be done. As a private citizen, I shall never cease to do what little 1 can to help the world advance along that road".
1 Exxon
2 General Motors
3 Mobil
4 Ford Motors
5 Texaco
6 Standard Oil of California
7 Gulf Oil
8 I.B.M.
9 General Electric (GE)
10 Standard Oil of Indiana
11 I.T.T
12 Atlantic Richfield (Arco)
13 Shell Oil
14 U. S. Steel
15 Conoco
16 E. I. DuPont Nemours
17 Chrysler
18 Tenneco
19 Western Electric
20 Sun Oil
21 Occidental Petroleum
22 Phillips Petroleum
23 Proctor & Gamble
24 Dow Chemical
25 Union Carbide
26 United Technologies
27 International Harvester
28 Goodyear Tire & Rubber
29 Boeing (Seattle)
30 Eastman Kodak
31 LTV
32 Standard Oil (Ohio)
33 Caterpillar Tractor
34 Union Oil of California
35 Beatrice Foods
36 RCA
37 Westinghouse Electric
38 Bethlehem Steel
39 RJ. Reynolds Industries
40 Xerox
41 Amerada
42 Esmark (Chicago)
43 Marathon Oil
44 Ashland Oil
45 Rockwell International
46 Kraft
47 Cities Service
48 Monsanto
49 Philip Morris
50 General Poods
51 Minnesota Mining & Mfg.
52 Gulf & Western Industries
53 Firestone Tire &. Rubber
54 McDonnell Douglas
55 W. R Grace
56 Georgia Pacific
57 Pepsi Co.
58 ARMCO
59 Coca Cola
60 Deere
61 Colgate Palmolive
62 Getty Oil
63 Al. Co. of America (Alcoa)
64 Consolidated Foods
65 Greyhound
66 International Paper
67 Ralston Purina
68 TRW
69 Allied Chemicals
70 American Can
71 Weyerhaeuser
72 Continental Group
73 Borden
74 Charter
75 Signal Companies
76 National Steel
77 Iowa Beef Processors
78 Johnson & Johnson
79 Honeywell
80 Sperry
81 Litton Industries
82 Lockheed Aircraft
83 General Dynamics
84 Union Pacific Railroad
85 Republic Steel
86 Champion International
87 Farmland Industries
88 Bendix
89 American Brands
90 General Mills
91 IC Industries
93 CPC International
94 CBS
95 Inland Steel
96 Owens Illinois
97 United Brands
98 Dresser Industries
99 American Home Products
100 Textron
101 Eaton
102 FMC
103 Reynolds Metals
104 Texas Instruments
105 Warner Lambert
106 American Cyanamid
107 Celanese
109 American Motors
110 Pittsburgh Plate Glass End,
111 National Cash Register
112 B. F. Goodrich
113 Kaiser Aluminum & Chem.
114 Boise Cascade
115 Crown Zellerbach
116 Carnation
117 AMEX
119 Anheuser Busch
120 Dana
121 Combustion Engineering
122 Bristol Myers
123 Pfizer
124 Borg-Warner
125 Motorola
126 Teledyne
127 Norton Simon
128 Kerr-McGee
129 Burlington Industries
130 Emerson Electric
131 Standard Brands
132 Singer
133 NorthWest Industries
134 Uniroyal
135 Mead
136 Ingersoll Rand
137 Time Inc.
138 St. Regis Paper
139 H. J. Heinz
140 Fruehauf
141 Central Sova
142 Land O' Lakes
143 Kennecott Copper
144 American Standard
145 North American Philips
146 Dart Industries
147 Merck
148 Avon Products
149 Nabisco
150 Hewlett-Packard
151 Diamond Shamrock
152 Hercules
153 Archer-Daniel-Midland
154 General Tire & Rubber
155 Walter Kidde
156 John Manville
157 Whirlpool
158 Campbells Soups
160 Owens-Corning Fiberglass
161 Ogden
162 Kimberly-Clark
163 Eli Lilly
164 Pillsbury
165 Colt Industries
166 N. L. Industries
167 Levi Strauss Aircraft
168 Martin Marietta
169 American Broadcasting Co
170 Pennzoil
171 Agway
172 Gould
173 White Consolidated Ind.
174 Gillette
175 Allis-Chalmers
176 Quaker Oats
177 Jim Walter Homes
178 Toseo
179 Scott Paper Co.
180 Paccar
181 Interco
182 Williams Companies
183 Kellogg
184 J. P. Stevens
185 Marmon Group Refining
186 Koppers
187 Digital Equipment
188 Squibb
189 Olin
190 McGraw-Edison
191 National Dist. and Chem.
192 Cummins Engine
193 SCM
194 Clark Equipment
195 Asarco
197 Abbott Laboratories
198 Ethyl
199 Warner Brothers Comm.
200 Gold Kist
201 Times Mirror
202 Rohm and Mass
203 American Petrofina
204 Northrop
205 Emhart
206 Crane
207 Murphy Oil.
208 Allegheny Ludlum Indus.
209 Chromalloy American
210 Stauffer Chemical
211 U.S. Gypsum
212 Upjohn
213 Sterling Drug
214 Anderson Clayton
215 Evans Products
216 Grumman
217 International Minerals
218 AMF
219 A. E. Stanley Mfg.
220 Schering-Plough
221 Corning Glass Works
222 George a. Hormel
223 Crown Cork and Seal
224 Oscar Myer
225 Cooper Industries
226 Union Camp
227 Joseph E. Seagram and Son
228 Polaroid
229 Smith Kline
230 General Signal
231 Armstrong Cork
232 Peliant Electric
233 Lear Siegler
234 Sunbeam
235 Heublein
236 Louisiana-Pacific Railroad
237 Diamond International
238 Timken
239 Phelps Dodge
240 U. S. Industries
241 MCA
242 Brunswick
243 Wheeling-Pittsburgh Steel
244 Air Products & Chemicals
245 Westvaco
246 Commonwealth Oil
247 GAP
248 White Motor
249 Libbey-Owens-Ford
250 Black & Decker
251 Sherwin-Williams
252 Baxter Travenol Lab.
253 Cheeseborough-Ponds
254 Clark Oil & Refining
255 Baker International
256 Hershey Foods
257 Great Northern Nekoosa
258 St. Joe Minerals
259 Brown Group
260 O.K. Technologies
261 Norton 324 Potlatch 201 Times Mirror
262 Baxter Travenol Lab.
263 National Can
264 Airco
265 Intertek
266 Richardson-Merrell
267 Superior Oil
268 Pennwalt
269 Hammermill Paper
270 Zenith Radio
271 Whittaker
272 Gannett Newspapers
273 Amstar
274 Crown Central Petroleum
275 Bluebell
276 AV&ET
277 Pitney-Bowes
278 Johnson Controls
279 CF Industries
280 National Gypsum
281 AMP
282 WestPoint Pepperell
283 Akzona
284 Rexnord
285 Campbell Taggart
286 Liggett Group
287 Lone Star Industries
288 G.D. Searle
289 ACF Industries
290 Harris
291 Knight-Ridder Newspapers
292 Universal Leaf Tobacco
293 Kaiser Steel
294 Whitco Chemical
295 Ex-Cell-O
296 R.R. Donnelley & Sons
297 Love Brothers
298 Wheelabrator-Frye
299 Harsco
300 Scovill
301 Cessna Aircraft
302 International Multifoods
303 Certainteed
304 Cyclops
305 Jos. Schlitz Brewing
306 Tecumseh Products
307 McGraw-Hill
308 Reichhold Chemicals
309 Alumax
310 Stanley Works
311 MAPCO
312 Willamette Industries
313 Newmont Mining
314 Amsted industries
315 Federal Company
316 Parker-Hannifin
317 Sundstrand
318 A.O. Smith
319 Springs Mills
320 Square D
321 Consolidated Aluminum
322 Becton Dickinson
323 Sperry & Hutchinson
324 Potlatch
325 Champion Spark Plugs
326 Hughes Tools
327 Midland-Ross
328 Fleetwood Enterprises
329 Texas Gulf
330 Rivcrc Copper & Brass
331 Louisiana Land & Expltn.
332 Tektronix
333 Bangor Punta
334 Anchor Hocking
335 Joy Manufacturing
336 Southwest Forest Indust.
337 General Host
338 AM International
339 Hoover
340 Cincinnati Milacron
341 Vulcan Materials Chemicals
342 Mohasco
343 Outboard Marine
344 Adolph Coors
345 Davco
346 Memorex
347 Perkins Elmer
348 Morton Norwick Products
349 Masco
350 McLouth Steel
351 Lubrizol
352 Sybron
353 National Semiconductor
354 Fairchild Industries
355 National Service Ind.
356 United Merchants and Mfs
357 Thomas J. Lipton
358 Scott & Fetzer
359 Signode
360 Quaker State Oil Refining
361 A-T-O
362 Kane-Miller
363 Cone Mills
364 Cluett Peabody
365 Norin
366 Dover
367 Federal-Mogul
368 Intel
369 Norris Industries
370 Trane
371 Century Fox Films
372 Sheller-Globe .
373 General Cinema
374 Pabst Brewing
375 New York Times
376 Saxon Industries
377 Bern
378 NCF
379 ConAgra
380 M. Lowenstien
381 H. K. Porter
382 Beico Petroleum
383 CBI Industries
384 Hobart
385 Handy & Harman
386 Hart Schaffner & Marx
387 Purex Industries
388 Morton Thiokol
389 Monfort of Colorado
390 Columbia Pictures Indust.
391 U. S. Filter
392 Dow Corning
393 MacMillan
394 Cannon Mills
395 Nashua
396 Beech Aircraft
397 Hoover Universal
398 Wallace Murray
399 Miles Laboratories
400 Peavey
401 Peabody International
402 Washington Post
403 Hyster 404 Ferro
405 Briggs & Stratton
406 Eagle-Picher Industries
407 Bell & Howell
408 Inslico
409 Brockway Glass
410 Areata
411 Dan River
412 Naico Chemical
413 DPF
414 Collins & Aikman
415 Bluebird
416 Avery International
417 Fairmont Foods
418 G. Heileman Brewing
419 Harnischfeger 420 Ball
421 Stokely-Van Camp
422 Bucyrus-Eric
423 Pacific Resources
424 Envirotech
425 General instrument
426 Cameron Iron Works
427 Smith International
428 VF
429 Idlewild Foods
430 Masonite
431 Acco Industries
432 American Bakeries
433 EG&G
434 Kellwood
435 Tyler
436 Midland Cooperatives
437 Fieldcrest Mills
438 Big Three Industries
439 Coca-Cola Bot. Co. NY.
440 American Hoist & Derrick
441 Data General
442 Dean Foods
443 William Wrigley Jr.
444 Bausch & Lomb
445 Gerber Products
446 H. P. Hood
447 United Refining
448 Gulf Resources & Chemical
449 Mattel
450 Copperweld
451 Arvin Industries
452 Varian Associates
453 General Refractories
454 Maryland Cup
455 Freeport Minerals
456 Fiat-Allis
457 Storage Technology
458 Northwestern Steel & Wire
459 Koehring
460 National Starch & Chemical
461 H. H. Robertson
462 Foxboro
463 Sun Chemical
464 Carpenter Technology
465 Frederick & Herrud
466 Questor
467 Economics Laboratory
468 Moore McCormack Res.
469 McCormick
470 Dexter
471 Marcourt Brace Jovanovich
472 Chicago Pneumatic Tool
473 Butler Manufacturing
474 Dennison Manufacturing
475 Warnaco
476 Consolidated Papers
477 Dow Jones
478 Ideal Basic Industries
479 Talley Industries
480 Barnes Group
481 Nucor
482 Skyline
483 Wyman-Gordon
484 Beckman Instruments
485 Bunker Ramo
486 Johnathan Logan
487 Westmoreland Coal
488 Sonoco Products
489 Royal Crown Companies
490 Roper
491 Dorsey
492 Coco
493 Federal Paper Board
494 McDonough
495 Metromedia
496 Stanadyne
497 Capital Cities Common.
498 Kohler
499 Keystone Consolidated Ind
500 Magic Chef
The above list contains 364 companies that were owned by the railroads and the late L. C. Paysuer and bloodline. On the original stock certificates of these companies, most of the names are different because of the mergers and changing of names during the last 100 years but their lineage is traceable through the old records. The stock certificates that were held by Mr. Payseur for these companies were stock certificates number one (#1) of the Preferred Stock which in the day when they were issued that meant that he was the principal stockholder with the control of 95% of the preferred stock for each company. That means in simple terms that he held control of 45,000 shares of the stock and the rest of the world split up 5.000 shares. Also refer to the chapter on "Assets of Lewis Cass Payseur", because there are many companies that he owned that are not on the list above.
Anti-Trust Acts
Eight acts of congress have been passed since 1885 which were created and designed to stop monopolies, "price fixing" and the control and ownership of corporations by other corporations, or the ownership or control of large companies by single families. These Acts were known as "Anti-Trust Acts" and are:
(1) The Sherman Antitrust Act of 1885:
(2) The Interstate Commerce Act of February 4, 1887:
(3) The Act entitled "An Act to protect Trade and Commerce against unlawful Restraints and Monopolies", of July 2, 1890
(4) The Clayton Antitrust Act of October 15, 1914
(5) The Securities Act of May 27, 1933
(6) The Wheeler Antitrust Act of 1934
(7) The Securities and Exchange Act of June 5 & 6, 1934 and
(8) The Interstate Commerce Act (Antitrust Enforcement Act) of October 13, 1978.
There is a way to own the shares of a corporation and not let it be known who the real owner is. This practice is widespread and is accomplished by using "nominee shareholders" and "nominee directors" both during and after the formation of the corporation. Thus, when someone is trying to find out who the real owner is, he is frustrated by a "brick wall" of "misinformation" which, to all intents and purposes is on the surface, correct information.
Hence, when any individual or investigative authority tries to figure out the truth, namely the fact that the company under scrutiny is part of a larger network of interlaced companies, one of two things will happen: either
(i), the investigator finds the names of the nominees, and there ends the inquiry, or, should he be a little more persistent,
(ii), the directors or management of that company, upon inquiry, can happily sit back and thumb their noses at the "detective" and blatantly deny any such allegation to be true, and the investigator has no way to prove the allegation.
There is only one way to find out the truth under such circumstances, and that is to know someone "on the inside", or be "on the inside" yourself.
To illustrate let us take an "in house" look at the real ownership of some of the companies of this Fortune 500 List (of course, the ownership discussed here reflects the true ownership of 1980). Where possible, the owners of today are shown as follows:
Record Filing for Railroad Companies
All railroads, when they were built, had to go to the county seat of the county through which they passed; this was generally accomplished by building the railroad directly into the town and on from there, but sometimes, when the path was not convenient, a spur was built to the town; and all important legal papers for that company and its subsidiary companies and divisions were and are required, by law, to he filed in a county courthouse where the railroad operates. When the original railroad only operated within one county, that particular courthouse was the only place the papers could be legally filed; when it operated in and through several counties within on State, or through several States, the papers could be filed in any courthouse, anywhere along the line, from the beginning to the end of the run .
Since the so-called "Energy Crisis" of the early 70's and 80's, everybody is familiar with the oil companies. Or are they oil companies? Here is a selection of some well known names of oil companies from the above list, along with their numbers from that list:
31 Exxon
32 Standard Oil (Ohio)
254 Clark Oil & Refining
5 Texaco
34 Union Oil of Calif.
267 Superior Oil
3 Mobile
43 Marathon Oil
274 Crown Central Petroleum
6 Standard Oil of Calif.
44 Ashland Oil
329 Texas Gulf
10 Standard Oil of Indiana
47 Cities Services
351 Lubrizol
12 Gulf Oil
62 Getty Oil
360 Quaker State Oil Ref.
13 Shell Oil
170 Pennzoil
382 Beico Petroleum
15 Conoco
203 American Petrofina
447 United Refining
20 Sun Oil
207 Murphy Oil
488 Sonoco Products
21 Occidental Petroleum
246 Commonwealth Oil Ref.
Exxon Oil company (31) used to be "Esso". A Part of Esso is Cities Service (#47, which owns Citgo. a chain of gas stations and convenience stores, predominately in the South. Exxon is actually Standard Oil (of lndiana(#10)). thanks to the divestiture necessitate by the Sherman anti-Trust Act (1885). Standard Oil of Indiana (#10) owns all the "Branches" of Standard Oil, including Standard Oil of Ohio (#32) and Standard Oil of California (#6), which also happens to be one and the same company as Gulf Oil (#6), a part of which is Texas Gulf (#329). Standard Oil of Indiana also owns the manufacturing rights to all technologies.
Shell Oil (#13). Mobile Oil (#30, and Union Oil of California (#34) are one and the same.
All these companies, (Standard. Shell. Exxon. Union. Etc.,) have the same parent company; a railroad company which originally owned a small (less than 40 miles long) railway line in a small county in North Carolina, and now forms a part of the Southern Railway network. This fact was revealed by the accidental discovery of official oil company papers which had been deposited in the recording office of the county recorder in the county courthouse.
The railroad company, then and now had control of the land over which its tracks ran. and in addition, had control of each alternate square mile for between six and fifteen miles each side of the railroad track, with full rights to exploit the mineral resources of all that land; in order to exploit those resources, the company formed a division, (the railroad company "doing business as "(d.b.a.)), the oil company, and the "new'' oil company drilled for oil.
Texaco. Texas Company, is headquartered in Lubbock. Texas, is a division of what was the International Railroad from Texas to Mexico, the American side of which (the Mexican side being seized and nationalized by Mexico) is now owned by Southern Railway Company.
ARCO, Atlantic Richfield Company; the company predominantly responsible for the Alaska Pipeline, is a division of a railroad which goes from the Atlantic (ocean) to Richfield. North Carolina. To find the original railway path of this railroad, follow highway 52 from Charleston. South Carolina, until you get to Richfield, which is 11 miles north of Albemarle, in Albemarle County. North Carolina. Quaker State Oil Refining (#360). Getty Oil (#362, and Pennzoil (#170) were created out of Exxon as a result of Exxon's divestiture pursuant to Anti-Trust laws being passed. Exxon is still owned by a railroad in North Carolina as are the others known as Vacuum Oil. Esso. Amoco, and Standard Oil. Sage Lyons (not on the list) is Shell Oil (#13) in Alabama.
Motor Companies
Around the turn of the century, a group of influential men in the automobile industry including R. E. Olds, David Buick. Henry M. Leland, Alexander Winston, Henry White and Andrew Carnegie had formed a loose association called 'The Association of Licensed Automobile Manufacturers". By 1911 Colt Industries (#165) and Armour (Meat Packing) & Co. and Henry Ford combined their knowledge of production techniques with the talents and knowledge of the "Association" and formed General Motors Company (#2 GM), and Ford Motor Company (#4).
Also involved in the above merger was Studebaker Carriages and Wagons (this is the original name) which became Ford Motor Company and General Motors: the common name known today is recognized as "Body by Fischer".
The same company (Studebaker also was turned into what is now International Harvester (#27), which is owned by the Lancaster and Chester Rail Road Company.
American Motors (#109) owns W. R. Grace (#55), Pepsi-Cola (#57), (which, incidentally, owns Taco Bell, Pizza Hut and Kentucky Fried Chicken), and Colgate/Palmolive (#61). American Motor Company, better known in the U.S. as Jeep/Renault, was a spin-off by a handshake arrangement from Ford Motor Company (they were good friends).
3M(#51), Minnesota Mining & Manufacturing Company) is owned by the First National Bank of Lansing. Michigan, which is owned by General Motors.
Chrysler (# 17) is a spin-off by marriage of the Charleston, Cincinnati and Chicago Railroad Company.
Electricity, Telephone and Telegraph
General Electric (GE, #9, which owns RCA (#36)), and; International Telephone and Telegraph (ITT, #11) (which owns the Sheraton chain of hotels (and which is also one and the same as Kellogg's (#183)). and; Proctor & Gamble (#23, a part of which is Gillette (#174)); are all wholly owned subsidiaries of what was Western Union.
The genealogy of Western Union gets complicated, because Western Union, in 1874. became Western Electric (319), and in 1875. became American Telephone & Telegraph (AT&T), which in 1982 was divested into 9 "different" companies, which are still (surprise) a wholly owned subsidiaries of the Charleston, Cincinnati and Chicago Railroad Company, which is a wholly owned subsidiary of the Lancaster and Chester Railroad Company.
Westinghouse (337) has an interesting history. George Westinghouse invented the air brake which became mandatory equipment on railroad engines and cars. Westinghouse is a Division of the Lancaster and Chester Railroad Company.
Westinghouse and General Electric are ultimately owned by the railroads. The "national grid" came into being and that is why and how all electricity distribution lines run on railroad lines and land then and now! With the railroad owning all electric companies. Everywhere!
Whirlpool (#157) is a spin-off from General Electric (#9).
Food and Animal Foodstuffs Production
The two best known tobacco companies. R. J. Reynolds. (#39) and Philip Morris (#49). (which owns General Foods (#50) are one and the same.
Heublein (#235) ("Smirnoff vodka) owns ConAgra (#379). which is very handy, because ConAgra is one of the main National suppliers of grains (needed to make the vodka, as well as lots of animal feeds). But, 397 wait .... Heublein is itself owned by Sea Alaska (not on the list), which is owned by Ralston Purina (#67), which is owned by General Foods (#50).
Beatrice Foods (#35) is a spin-off of General Foods which is also General Mills .
Metals, Timbers and other Resources
The Aluminum Company of America (Alcoa, #63) is a wholly owned subsidiary of the Chester and Lenoir Narrow Gauge Railroad (which also owns Land O' Lakes (#142) and Norton (#261)). For the uninitiated, the Chester and Lenoir Narrow Gauge Railroad Company changed again in 1982 to Norfolk Southern Railroad Co.. the. in a way not often thought of, merged with its-self again (along with Southern Railway Company) in 1978-79 to become Norfolk Southern Railroad Company and it is owned by the Lancaster and Chester Railroad Company.
U. S. Steel, (#14), El. DuPont Nemours (#16), Kraft (#46), Georgia Pacific (#56). ARMCO, (#58), International Paper (#66). Allied Chemical Company (#69). Union Pacific (#84). Republic Steel (#85), General Mills (#90). Reynolds Metals (#103), Mead (#135), which is the same as Burlington Industries (#129)), Scott Paper Company (#179), U.S. Gypsum (#211), West Point Pepperell (#282) and Dan River (#411) are all owned by the Lancaster and Chester Railroad Company.
J. P Stevens (#184) was created as a spin-off of Lancaster and Chester Railroad Company. Kaiser Aluminum and Chemical (#113), Kaiser Steel (#293), Colt Industries (#165). (through the Gatling Family, and Mary Alice Gatling). and Zenith Radio (#270) were all owned by the Payseur Family and are all now owned by the Lewis Cass Payseur Trust Company.
National Gypsum (#280) is the same as Jim Walter Homes of Tampa Florida.
The Defense Industry Complex
2 General Motors
4 Ford Motor Co.
8 I.B.M.
9 General Electric (GE)
11 I.T.T.
14 U.S. Steel
16 E. I. DuPont Nemours
19 Western Electric
24 Dow Chemical
25 Union Carbide
37 Westinghouse Electric
45 Rockwell
68 TRW
69 Al. Co. of Am. (Alcoa)
76 National Steel
79 Honeywell
80 Sperry
81 Litton Industries
83 General Dynamics
85 Republic Steel
92 Raytheon
95 Inland Steel
98 Dresser Industries
103 Reynolds Metals
104 Texas Instruments
106 American Cyanamid
113 Kaiser Aluminum
118 Burroughs
125 Motorola
126 Teledyne
150 Hewlett-Packard
159 Central Data
165 Colt Industries
168 Martin Marietta
175 Allis-Chalmers
187 Digital Equipment
204 Northrop
209 Chromally American
210 Stauffer Chemical
216 Grumman
270 Zenith Radio
277 Pitney-Bowes
278 Johnson Controls
293 Kaiser Steel
301 Cessna Aircraft
304 Cyclops
319 Springs Mills
321 Consolidated Aluminum
323 Sperry & Hutchinson
326 Hughes Tools
332 Tektronix
353 National Semiconductor
354 Fairchild Industries
368 Intel
388 Morton Thiokol
396 Beech Aircraft
424 Envirotech
425 General Instrument
441 Data General
456 Fiat-Allis
457 Storage Technology
466 Questor
Litton Industries (#81) used to be Rust Engineering in Birmingham: Before that it was Ingalls Steel; before it was Ingalls Shipbuilding; before that it was Alabama Fuel and Iron Company.
The William F. Trigg Company of Richmond. Virginia (circa 1910) had a contract with Alabama Fuel and Iron to supply the steel for its new project, a division of this company moved to Pascagoula Mississippi to become the "Electric Boat company', and to develop some of the revolutionary' technology given to Trigg by Nikola Tesla. (remember Westinghouse and the Generators) and commenced building and testing the new "Submarine" and "Submarine Destroyers", this company is now known as General Dynamics (#83); it is also related back to the Charleston, Cincinnati and Chicago Railroad Company by marriage. With the creation of The Electric Boat Company" some of the stocks of the company were sold to England, France, and German and then came the World War 1 to try out the new toys for destruction.
Northrop (#204) is a spin-off of ITT by virtue of marriage!
Miscellaneous Stuff
One of the original stockholder of Texaco (#5) was Colonel Leroy Springs, acquired after the Civil War.
Tenneco (#18), (Tennessee Company) has been linked in the past to Louisville and National Railroad Company. This was a name change form Alabama and Tennessee Rivers railroad Company, (north/south run. the East/west run was Southern Railway Company, now Norfolk & Southern Railroad Company.
Henry Ford built a private railroad in Rome Georgia to Martha Berry's house, who was the first cousin of W.W. Fulghum. who was the executor of L.C. Payseur Mitsubishi is under the Springs thumb, as well as Panasonic.
Sunbeam (#234) is Forrest Industries at Forrest Mississippi, and is owned by the railroad (what was the Selma. Rome and Dalton Railroad, (West from Selma), and was also the East Tennessee. Virginia and Georgia Railroad now Southern Railway Company.
Next
GLOBAL MONOPOLY
Here's another way of looking at this program. Our capital spending in 1978 was 182 percent of depreciation. In the four previous years.
46
EISENHOWER'S FAREWELL ADDRESS
When Eisenhower gave this address, I can't help thinking that the man was trying to tell the people of America
in the best way that he could that some things were going wrong and out of control. This address was a warning; if you had the knowledge to read between the lines and the knowledge that is held in the chapters of this book, you should be able to start reading between the lines:
"Three days from now, after half a century in the service of our country, I shall lay down the responsibilities of office as. in traditional and solemn ceremony, the authority of the Presidency is vested in my successor.
We now stand ten years past the midpoint of a century that has witnesses four major wars among great nations.
Three of them involved our own country. Despite these holocausts America is today the strongest, the most influential and most productive nation in the world. Understandably proud of this pre-eminence we yet realize that America's leadership and prestige depend, not merely upon our unmatched material progress, riches and military strength, but on how we use our power in the interests of world peace and human betterment.
Throughout America's adventure in free government, our basic purpose have been to keep the peace; to foster progress in human achievement, and to enhance liberty, dignity and integrity among people and among nations. To strive for less would be unworthy of a free and religious people. Any failure traceable to arrogance, or our lack of comprehension or readiness to sacrifice would inflict upon us grievous hurt both at home and abroad.
Progress toward the noble goals is persistently threatened by the conflict now engulfing the world. It commands our whole attention, absorbs our very being. We face a hostile ideology-global in scope, atheistic in character, ruthless in purpose, and insidious in method. Unhappily the danger it poses promises to he of indefinite duration. To meet it successfully, there is called for, not so much the emotional and transitory sacrifices of crisis, but rather those which enable us to carry forward steadily, surely, and without complaint the burdens of a prolonged and complex struggle-with liberty the stake. Only thus shall we remain, despite every provocation, on our charted course toward permanent peace and human betterment.
A vital element in keeping the peace is our military establishment. Our arms must be mighty, ready for instant action, so that no potential aggressor may be tempted to risk his own destruction.
Our military organization today bears little relation to that known by any of my predecessors in peacetime, or indeed by the fighting men of World War II or Korea.
Until the latest of our world conflicts, the United States had no armaments industry. American makers of plowshares could, with time and as required, make swords as well. But now we can no longer risk emergency improvisation of national defense; we have been compelled to create a permanent armaments industry of vast proportion. Added to this, three and a half million men and women are directly engaged in the defense establishment. We annually spend on military security more than the net income of all United States corporations.
This conjunction of a immense military establishment and a large arms industry is new in the American experience. The total influence-economic, political, even spiritual is felt in every city, every statehouse, every office of the federal government. We recognize the imperative need for this development. Yet we must not fail to comprehend its grave implications. Our toil, resources, and livelihood are all involved; so is the very structure of our society.
In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist.
We must never let the weight of this combination endanger our liberties or democratic processes. We should take nothing for granted. Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals, so that security and liberty may prosper together.
Akin to, and largely responsible for the sweeping change in our industrial-military posture, has been the technological revolution during recent decades.
In this revolution, research has become central; it also becomes more formalized, complex, and costly. A steadily increasing share is conducted for, by or at the direction of, the federal government.
The prospect of domination of the nation's scholars by federal employment, project allocation, and the power of money is ever present and is gravely to be regarded.
Yet, in holding scientific research and discovery in respect, as we should, we must also be alert to the equal and opposite danger that public policy could itself become the captive of a scientific-technological elite.
It is the task of statesmanship to mold, to balance, and to integrate these and other forces, new and old, within the principles of our democratic system, ever aiming toward the supreme goals of our free society.
Another factor in maintaining balance involves the element of time. As we peer into society's future, we you and I, and our government must avoid the impulse to live only for today, plundering, for our own ease and convenience, the precious resources of tomorrow. We cannot mortgage the material assets of our grandchildren with risking the loss also of their political and spiritual heritage. We want democracy to survive for all generation to come, not to become the insolvent phantom of tomorrow.
Down the long lane of the history yet to be written America knows that this world of ours, ever growing smaller, must avoid becoming a community of dreadful fear and hate, and be instead, a proud confederation of mutual trust and respect.
Such a confederation must be one of equals, the weakest must come to the conference table with the same confidence as do we, protected as we are by our moral, economic, and military strength. That table, though scarred by many past frustration, cannot be abandoned for the certain agony of the battlefield.
Disarmament, with mutual honor and confidence, is continuing imperative. Together we must learn how to compose differences not with arms, but with intellect and decent purpose. Because this need is so sharp and apparent I confess that I lay down my official responsibilities in this field with a definite sense of disappointment. As one who has witnessed the horror and the lingering sadness of war as one who knows that another war could utterly destroy this civilization which has been so slowly and painfully built over thousands of years I wish I could say tonight that a lasting peace is in sight.
Happily, I can say that war has been avoided. Steady progress toward our ultimate goal has been made. But, so much remains to be done. As a private citizen, I shall never cease to do what little 1 can to help the world advance along that road".
47
THE FORTUNE 500 COMPANIES
On May 5th, 1980. the Fortune 500 Magazine published its list of the top 500 companies in the United States.
The list was as follows:1 Exxon
2 General Motors
3 Mobil
4 Ford Motors
5 Texaco
6 Standard Oil of California
7 Gulf Oil
8 I.B.M.
9 General Electric (GE)
10 Standard Oil of Indiana
11 I.T.T
12 Atlantic Richfield (Arco)
13 Shell Oil
14 U. S. Steel
15 Conoco
16 E. I. DuPont Nemours
17 Chrysler
18 Tenneco
19 Western Electric
20 Sun Oil
21 Occidental Petroleum
22 Phillips Petroleum
23 Proctor & Gamble
24 Dow Chemical
25 Union Carbide
26 United Technologies
27 International Harvester
28 Goodyear Tire & Rubber
29 Boeing (Seattle)
30 Eastman Kodak
31 LTV
32 Standard Oil (Ohio)
33 Caterpillar Tractor
34 Union Oil of California
35 Beatrice Foods
36 RCA
37 Westinghouse Electric
38 Bethlehem Steel
39 RJ. Reynolds Industries
40 Xerox
41 Amerada
42 Esmark (Chicago)
43 Marathon Oil
44 Ashland Oil
45 Rockwell International
46 Kraft
47 Cities Service
48 Monsanto
49 Philip Morris
50 General Poods
51 Minnesota Mining & Mfg.
52 Gulf & Western Industries
53 Firestone Tire &. Rubber
54 McDonnell Douglas
55 W. R Grace
56 Georgia Pacific
57 Pepsi Co.
58 ARMCO
59 Coca Cola
60 Deere
61 Colgate Palmolive
62 Getty Oil
63 Al. Co. of America (Alcoa)
64 Consolidated Foods
65 Greyhound
66 International Paper
67 Ralston Purina
68 TRW
69 Allied Chemicals
70 American Can
71 Weyerhaeuser
72 Continental Group
73 Borden
74 Charter
75 Signal Companies
76 National Steel
77 Iowa Beef Processors
78 Johnson & Johnson
79 Honeywell
80 Sperry
81 Litton Industries
82 Lockheed Aircraft
83 General Dynamics
84 Union Pacific Railroad
85 Republic Steel
86 Champion International
87 Farmland Industries
88 Bendix
89 American Brands
90 General Mills
91 IC Industries
93 CPC International
94 CBS
95 Inland Steel
96 Owens Illinois
97 United Brands
98 Dresser Industries
99 American Home Products
100 Textron
101 Eaton
102 FMC
103 Reynolds Metals
104 Texas Instruments
105 Warner Lambert
106 American Cyanamid
107 Celanese
109 American Motors
110 Pittsburgh Plate Glass End,
111 National Cash Register
112 B. F. Goodrich
113 Kaiser Aluminum & Chem.
114 Boise Cascade
115 Crown Zellerbach
116 Carnation
117 AMEX
119 Anheuser Busch
120 Dana
121 Combustion Engineering
122 Bristol Myers
123 Pfizer
124 Borg-Warner
125 Motorola
126 Teledyne
127 Norton Simon
128 Kerr-McGee
129 Burlington Industries
130 Emerson Electric
131 Standard Brands
132 Singer
133 NorthWest Industries
134 Uniroyal
135 Mead
136 Ingersoll Rand
137 Time Inc.
138 St. Regis Paper
139 H. J. Heinz
140 Fruehauf
141 Central Sova
142 Land O' Lakes
143 Kennecott Copper
144 American Standard
145 North American Philips
146 Dart Industries
147 Merck
148 Avon Products
149 Nabisco
150 Hewlett-Packard
151 Diamond Shamrock
152 Hercules
153 Archer-Daniel-Midland
154 General Tire & Rubber
155 Walter Kidde
156 John Manville
157 Whirlpool
158 Campbells Soups
160 Owens-Corning Fiberglass
161 Ogden
162 Kimberly-Clark
163 Eli Lilly
164 Pillsbury
165 Colt Industries
166 N. L. Industries
167 Levi Strauss Aircraft
168 Martin Marietta
169 American Broadcasting Co
170 Pennzoil
171 Agway
172 Gould
173 White Consolidated Ind.
174 Gillette
175 Allis-Chalmers
176 Quaker Oats
177 Jim Walter Homes
178 Toseo
179 Scott Paper Co.
180 Paccar
181 Interco
182 Williams Companies
183 Kellogg
184 J. P. Stevens
185 Marmon Group Refining
186 Koppers
187 Digital Equipment
188 Squibb
189 Olin
190 McGraw-Edison
191 National Dist. and Chem.
192 Cummins Engine
193 SCM
194 Clark Equipment
195 Asarco
197 Abbott Laboratories
198 Ethyl
199 Warner Brothers Comm.
200 Gold Kist
201 Times Mirror
202 Rohm and Mass
203 American Petrofina
204 Northrop
205 Emhart
206 Crane
207 Murphy Oil.
208 Allegheny Ludlum Indus.
209 Chromalloy American
210 Stauffer Chemical
211 U.S. Gypsum
212 Upjohn
213 Sterling Drug
214 Anderson Clayton
215 Evans Products
216 Grumman
217 International Minerals
218 AMF
219 A. E. Stanley Mfg.
220 Schering-Plough
221 Corning Glass Works
222 George a. Hormel
223 Crown Cork and Seal
224 Oscar Myer
225 Cooper Industries
226 Union Camp
227 Joseph E. Seagram and Son
228 Polaroid
229 Smith Kline
230 General Signal
231 Armstrong Cork
232 Peliant Electric
233 Lear Siegler
234 Sunbeam
235 Heublein
236 Louisiana-Pacific Railroad
237 Diamond International
238 Timken
239 Phelps Dodge
240 U. S. Industries
241 MCA
242 Brunswick
243 Wheeling-Pittsburgh Steel
244 Air Products & Chemicals
245 Westvaco
246 Commonwealth Oil
247 GAP
248 White Motor
249 Libbey-Owens-Ford
250 Black & Decker
251 Sherwin-Williams
252 Baxter Travenol Lab.
253 Cheeseborough-Ponds
254 Clark Oil & Refining
255 Baker International
256 Hershey Foods
257 Great Northern Nekoosa
258 St. Joe Minerals
259 Brown Group
260 O.K. Technologies
261 Norton 324 Potlatch 201 Times Mirror
262 Baxter Travenol Lab.
263 National Can
264 Airco
265 Intertek
266 Richardson-Merrell
267 Superior Oil
268 Pennwalt
269 Hammermill Paper
270 Zenith Radio
271 Whittaker
272 Gannett Newspapers
273 Amstar
274 Crown Central Petroleum
275 Bluebell
276 AV&ET
277 Pitney-Bowes
278 Johnson Controls
279 CF Industries
280 National Gypsum
281 AMP
282 WestPoint Pepperell
283 Akzona
284 Rexnord
285 Campbell Taggart
286 Liggett Group
287 Lone Star Industries
288 G.D. Searle
289 ACF Industries
290 Harris
291 Knight-Ridder Newspapers
292 Universal Leaf Tobacco
293 Kaiser Steel
294 Whitco Chemical
295 Ex-Cell-O
296 R.R. Donnelley & Sons
297 Love Brothers
298 Wheelabrator-Frye
299 Harsco
300 Scovill
301 Cessna Aircraft
302 International Multifoods
303 Certainteed
304 Cyclops
305 Jos. Schlitz Brewing
306 Tecumseh Products
307 McGraw-Hill
308 Reichhold Chemicals
309 Alumax
310 Stanley Works
311 MAPCO
312 Willamette Industries
313 Newmont Mining
314 Amsted industries
315 Federal Company
316 Parker-Hannifin
317 Sundstrand
318 A.O. Smith
319 Springs Mills
320 Square D
321 Consolidated Aluminum
322 Becton Dickinson
323 Sperry & Hutchinson
324 Potlatch
325 Champion Spark Plugs
326 Hughes Tools
327 Midland-Ross
328 Fleetwood Enterprises
329 Texas Gulf
330 Rivcrc Copper & Brass
331 Louisiana Land & Expltn.
332 Tektronix
333 Bangor Punta
334 Anchor Hocking
335 Joy Manufacturing
336 Southwest Forest Indust.
337 General Host
338 AM International
339 Hoover
340 Cincinnati Milacron
341 Vulcan Materials Chemicals
342 Mohasco
343 Outboard Marine
344 Adolph Coors
345 Davco
346 Memorex
347 Perkins Elmer
348 Morton Norwick Products
349 Masco
350 McLouth Steel
351 Lubrizol
352 Sybron
353 National Semiconductor
354 Fairchild Industries
355 National Service Ind.
356 United Merchants and Mfs
357 Thomas J. Lipton
358 Scott & Fetzer
359 Signode
360 Quaker State Oil Refining
361 A-T-O
362 Kane-Miller
363 Cone Mills
364 Cluett Peabody
365 Norin
366 Dover
367 Federal-Mogul
368 Intel
369 Norris Industries
370 Trane
371 Century Fox Films
372 Sheller-Globe .
373 General Cinema
374 Pabst Brewing
375 New York Times
376 Saxon Industries
377 Bern
378 NCF
379 ConAgra
380 M. Lowenstien
381 H. K. Porter
382 Beico Petroleum
383 CBI Industries
384 Hobart
385 Handy & Harman
386 Hart Schaffner & Marx
387 Purex Industries
388 Morton Thiokol
389 Monfort of Colorado
390 Columbia Pictures Indust.
391 U. S. Filter
392 Dow Corning
393 MacMillan
394 Cannon Mills
395 Nashua
396 Beech Aircraft
397 Hoover Universal
398 Wallace Murray
399 Miles Laboratories
400 Peavey
401 Peabody International
402 Washington Post
403 Hyster 404 Ferro
405 Briggs & Stratton
406 Eagle-Picher Industries
407 Bell & Howell
408 Inslico
409 Brockway Glass
410 Areata
411 Dan River
412 Naico Chemical
413 DPF
414 Collins & Aikman
415 Bluebird
416 Avery International
417 Fairmont Foods
418 G. Heileman Brewing
419 Harnischfeger 420 Ball
421 Stokely-Van Camp
422 Bucyrus-Eric
423 Pacific Resources
424 Envirotech
425 General instrument
426 Cameron Iron Works
427 Smith International
428 VF
429 Idlewild Foods
430 Masonite
431 Acco Industries
432 American Bakeries
433 EG&G
434 Kellwood
435 Tyler
436 Midland Cooperatives
437 Fieldcrest Mills
438 Big Three Industries
439 Coca-Cola Bot. Co. NY.
440 American Hoist & Derrick
441 Data General
442 Dean Foods
443 William Wrigley Jr.
444 Bausch & Lomb
445 Gerber Products
446 H. P. Hood
447 United Refining
448 Gulf Resources & Chemical
449 Mattel
450 Copperweld
451 Arvin Industries
452 Varian Associates
453 General Refractories
454 Maryland Cup
455 Freeport Minerals
456 Fiat-Allis
457 Storage Technology
458 Northwestern Steel & Wire
459 Koehring
460 National Starch & Chemical
461 H. H. Robertson
462 Foxboro
463 Sun Chemical
464 Carpenter Technology
465 Frederick & Herrud
466 Questor
467 Economics Laboratory
468 Moore McCormack Res.
469 McCormick
470 Dexter
471 Marcourt Brace Jovanovich
472 Chicago Pneumatic Tool
473 Butler Manufacturing
474 Dennison Manufacturing
475 Warnaco
476 Consolidated Papers
477 Dow Jones
478 Ideal Basic Industries
479 Talley Industries
480 Barnes Group
481 Nucor
482 Skyline
483 Wyman-Gordon
484 Beckman Instruments
485 Bunker Ramo
486 Johnathan Logan
487 Westmoreland Coal
488 Sonoco Products
489 Royal Crown Companies
490 Roper
491 Dorsey
492 Coco
493 Federal Paper Board
494 McDonough
495 Metromedia
496 Stanadyne
497 Capital Cities Common.
498 Kohler
499 Keystone Consolidated Ind
500 Magic Chef
The above list contains 364 companies that were owned by the railroads and the late L. C. Paysuer and bloodline. On the original stock certificates of these companies, most of the names are different because of the mergers and changing of names during the last 100 years but their lineage is traceable through the old records. The stock certificates that were held by Mr. Payseur for these companies were stock certificates number one (#1) of the Preferred Stock which in the day when they were issued that meant that he was the principal stockholder with the control of 95% of the preferred stock for each company. That means in simple terms that he held control of 45,000 shares of the stock and the rest of the world split up 5.000 shares. Also refer to the chapter on "Assets of Lewis Cass Payseur", because there are many companies that he owned that are not on the list above.
Anti-Trust Acts
Eight acts of congress have been passed since 1885 which were created and designed to stop monopolies, "price fixing" and the control and ownership of corporations by other corporations, or the ownership or control of large companies by single families. These Acts were known as "Anti-Trust Acts" and are:
(1) The Sherman Antitrust Act of 1885:
(2) The Interstate Commerce Act of February 4, 1887:
(3) The Act entitled "An Act to protect Trade and Commerce against unlawful Restraints and Monopolies", of July 2, 1890
(4) The Clayton Antitrust Act of October 15, 1914
(5) The Securities Act of May 27, 1933
(6) The Wheeler Antitrust Act of 1934
(7) The Securities and Exchange Act of June 5 & 6, 1934 and
(8) The Interstate Commerce Act (Antitrust Enforcement Act) of October 13, 1978.
There is a way to own the shares of a corporation and not let it be known who the real owner is. This practice is widespread and is accomplished by using "nominee shareholders" and "nominee directors" both during and after the formation of the corporation. Thus, when someone is trying to find out who the real owner is, he is frustrated by a "brick wall" of "misinformation" which, to all intents and purposes is on the surface, correct information.
Hence, when any individual or investigative authority tries to figure out the truth, namely the fact that the company under scrutiny is part of a larger network of interlaced companies, one of two things will happen: either
(i), the investigator finds the names of the nominees, and there ends the inquiry, or, should he be a little more persistent,
(ii), the directors or management of that company, upon inquiry, can happily sit back and thumb their noses at the "detective" and blatantly deny any such allegation to be true, and the investigator has no way to prove the allegation.
There is only one way to find out the truth under such circumstances, and that is to know someone "on the inside", or be "on the inside" yourself.
To illustrate let us take an "in house" look at the real ownership of some of the companies of this Fortune 500 List (of course, the ownership discussed here reflects the true ownership of 1980). Where possible, the owners of today are shown as follows:
Record Filing for Railroad Companies
All railroads, when they were built, had to go to the county seat of the county through which they passed; this was generally accomplished by building the railroad directly into the town and on from there, but sometimes, when the path was not convenient, a spur was built to the town; and all important legal papers for that company and its subsidiary companies and divisions were and are required, by law, to he filed in a county courthouse where the railroad operates. When the original railroad only operated within one county, that particular courthouse was the only place the papers could be legally filed; when it operated in and through several counties within on State, or through several States, the papers could be filed in any courthouse, anywhere along the line, from the beginning to the end of the run .
Since the so-called "Energy Crisis" of the early 70's and 80's, everybody is familiar with the oil companies. Or are they oil companies? Here is a selection of some well known names of oil companies from the above list, along with their numbers from that list:
32 Standard Oil (Ohio)
254 Clark Oil & Refining
5 Texaco
34 Union Oil of Calif.
267 Superior Oil
3 Mobile
43 Marathon Oil
274 Crown Central Petroleum
6 Standard Oil of Calif.
44 Ashland Oil
329 Texas Gulf
10 Standard Oil of Indiana
47 Cities Services
351 Lubrizol
12 Gulf Oil
62 Getty Oil
360 Quaker State Oil Ref.
13 Shell Oil
170 Pennzoil
382 Beico Petroleum
15 Conoco
203 American Petrofina
447 United Refining
20 Sun Oil
207 Murphy Oil
488 Sonoco Products
21 Occidental Petroleum
246 Commonwealth Oil Ref.
Exxon Oil company (31) used to be "Esso". A Part of Esso is Cities Service (#47, which owns Citgo. a chain of gas stations and convenience stores, predominately in the South. Exxon is actually Standard Oil (of lndiana(#10)). thanks to the divestiture necessitate by the Sherman anti-Trust Act (1885). Standard Oil of Indiana (#10) owns all the "Branches" of Standard Oil, including Standard Oil of Ohio (#32) and Standard Oil of California (#6), which also happens to be one and the same company as Gulf Oil (#6), a part of which is Texas Gulf (#329). Standard Oil of Indiana also owns the manufacturing rights to all technologies.
Shell Oil (#13). Mobile Oil (#30, and Union Oil of California (#34) are one and the same.
All these companies, (Standard. Shell. Exxon. Union. Etc.,) have the same parent company; a railroad company which originally owned a small (less than 40 miles long) railway line in a small county in North Carolina, and now forms a part of the Southern Railway network. This fact was revealed by the accidental discovery of official oil company papers which had been deposited in the recording office of the county recorder in the county courthouse.
The railroad company, then and now had control of the land over which its tracks ran. and in addition, had control of each alternate square mile for between six and fifteen miles each side of the railroad track, with full rights to exploit the mineral resources of all that land; in order to exploit those resources, the company formed a division, (the railroad company "doing business as "(d.b.a.)), the oil company, and the "new'' oil company drilled for oil.
Texaco. Texas Company, is headquartered in Lubbock. Texas, is a division of what was the International Railroad from Texas to Mexico, the American side of which (the Mexican side being seized and nationalized by Mexico) is now owned by Southern Railway Company.
ARCO, Atlantic Richfield Company; the company predominantly responsible for the Alaska Pipeline, is a division of a railroad which goes from the Atlantic (ocean) to Richfield. North Carolina. To find the original railway path of this railroad, follow highway 52 from Charleston. South Carolina, until you get to Richfield, which is 11 miles north of Albemarle, in Albemarle County. North Carolina. Quaker State Oil Refining (#360). Getty Oil (#362, and Pennzoil (#170) were created out of Exxon as a result of Exxon's divestiture pursuant to Anti-Trust laws being passed. Exxon is still owned by a railroad in North Carolina as are the others known as Vacuum Oil. Esso. Amoco, and Standard Oil. Sage Lyons (not on the list) is Shell Oil (#13) in Alabama.
Motor Companies
Around the turn of the century, a group of influential men in the automobile industry including R. E. Olds, David Buick. Henry M. Leland, Alexander Winston, Henry White and Andrew Carnegie had formed a loose association called 'The Association of Licensed Automobile Manufacturers". By 1911 Colt Industries (#165) and Armour (Meat Packing) & Co. and Henry Ford combined their knowledge of production techniques with the talents and knowledge of the "Association" and formed General Motors Company (#2 GM), and Ford Motor Company (#4).
Also involved in the above merger was Studebaker Carriages and Wagons (this is the original name) which became Ford Motor Company and General Motors: the common name known today is recognized as "Body by Fischer".
The same company (Studebaker also was turned into what is now International Harvester (#27), which is owned by the Lancaster and Chester Rail Road Company.
American Motors (#109) owns W. R. Grace (#55), Pepsi-Cola (#57), (which, incidentally, owns Taco Bell, Pizza Hut and Kentucky Fried Chicken), and Colgate/Palmolive (#61). American Motor Company, better known in the U.S. as Jeep/Renault, was a spin-off by a handshake arrangement from Ford Motor Company (they were good friends).
3M(#51), Minnesota Mining & Manufacturing Company) is owned by the First National Bank of Lansing. Michigan, which is owned by General Motors.
Chrysler (# 17) is a spin-off by marriage of the Charleston, Cincinnati and Chicago Railroad Company.
Electricity, Telephone and Telegraph
General Electric (GE, #9, which owns RCA (#36)), and; International Telephone and Telegraph (ITT, #11) (which owns the Sheraton chain of hotels (and which is also one and the same as Kellogg's (#183)). and; Proctor & Gamble (#23, a part of which is Gillette (#174)); are all wholly owned subsidiaries of what was Western Union.
The genealogy of Western Union gets complicated, because Western Union, in 1874. became Western Electric (319), and in 1875. became American Telephone & Telegraph (AT&T), which in 1982 was divested into 9 "different" companies, which are still (surprise) a wholly owned subsidiaries of the Charleston, Cincinnati and Chicago Railroad Company, which is a wholly owned subsidiary of the Lancaster and Chester Railroad Company.
Westinghouse (337) has an interesting history. George Westinghouse invented the air brake which became mandatory equipment on railroad engines and cars. Westinghouse is a Division of the Lancaster and Chester Railroad Company.
Westinghouse and General Electric are ultimately owned by the railroads. The "national grid" came into being and that is why and how all electricity distribution lines run on railroad lines and land then and now! With the railroad owning all electric companies. Everywhere!
Whirlpool (#157) is a spin-off from General Electric (#9).
Food and Animal Foodstuffs Production
The two best known tobacco companies. R. J. Reynolds. (#39) and Philip Morris (#49). (which owns General Foods (#50) are one and the same.
Heublein (#235) ("Smirnoff vodka) owns ConAgra (#379). which is very handy, because ConAgra is one of the main National suppliers of grains (needed to make the vodka, as well as lots of animal feeds). But, 397 wait .... Heublein is itself owned by Sea Alaska (not on the list), which is owned by Ralston Purina (#67), which is owned by General Foods (#50).
Beatrice Foods (#35) is a spin-off of General Foods which is also General Mills .
Metals, Timbers and other Resources
The Aluminum Company of America (Alcoa, #63) is a wholly owned subsidiary of the Chester and Lenoir Narrow Gauge Railroad (which also owns Land O' Lakes (#142) and Norton (#261)). For the uninitiated, the Chester and Lenoir Narrow Gauge Railroad Company changed again in 1982 to Norfolk Southern Railroad Co.. the. in a way not often thought of, merged with its-self again (along with Southern Railway Company) in 1978-79 to become Norfolk Southern Railroad Company and it is owned by the Lancaster and Chester Railroad Company.
U. S. Steel, (#14), El. DuPont Nemours (#16), Kraft (#46), Georgia Pacific (#56). ARMCO, (#58), International Paper (#66). Allied Chemical Company (#69). Union Pacific (#84). Republic Steel (#85), General Mills (#90). Reynolds Metals (#103), Mead (#135), which is the same as Burlington Industries (#129)), Scott Paper Company (#179), U.S. Gypsum (#211), West Point Pepperell (#282) and Dan River (#411) are all owned by the Lancaster and Chester Railroad Company.
J. P Stevens (#184) was created as a spin-off of Lancaster and Chester Railroad Company. Kaiser Aluminum and Chemical (#113), Kaiser Steel (#293), Colt Industries (#165). (through the Gatling Family, and Mary Alice Gatling). and Zenith Radio (#270) were all owned by the Payseur Family and are all now owned by the Lewis Cass Payseur Trust Company.
National Gypsum (#280) is the same as Jim Walter Homes of Tampa Florida.
The Defense Industry Complex
2 General Motors
4 Ford Motor Co.
8 I.B.M.
9 General Electric (GE)
11 I.T.T.
14 U.S. Steel
16 E. I. DuPont Nemours
19 Western Electric
24 Dow Chemical
25 Union Carbide
37 Westinghouse Electric
45 Rockwell
68 TRW
69 Al. Co. of Am. (Alcoa)
76 National Steel
79 Honeywell
80 Sperry
81 Litton Industries
83 General Dynamics
85 Republic Steel
92 Raytheon
95 Inland Steel
98 Dresser Industries
103 Reynolds Metals
104 Texas Instruments
106 American Cyanamid
113 Kaiser Aluminum
118 Burroughs
125 Motorola
126 Teledyne
150 Hewlett-Packard
159 Central Data
165 Colt Industries
168 Martin Marietta
175 Allis-Chalmers
187 Digital Equipment
204 Northrop
209 Chromally American
210 Stauffer Chemical
216 Grumman
270 Zenith Radio
277 Pitney-Bowes
278 Johnson Controls
293 Kaiser Steel
301 Cessna Aircraft
304 Cyclops
319 Springs Mills
321 Consolidated Aluminum
323 Sperry & Hutchinson
326 Hughes Tools
332 Tektronix
353 National Semiconductor
354 Fairchild Industries
368 Intel
388 Morton Thiokol
396 Beech Aircraft
424 Envirotech
425 General Instrument
441 Data General
456 Fiat-Allis
457 Storage Technology
466 Questor
Litton Industries (#81) used to be Rust Engineering in Birmingham: Before that it was Ingalls Steel; before it was Ingalls Shipbuilding; before that it was Alabama Fuel and Iron Company.
The William F. Trigg Company of Richmond. Virginia (circa 1910) had a contract with Alabama Fuel and Iron to supply the steel for its new project, a division of this company moved to Pascagoula Mississippi to become the "Electric Boat company', and to develop some of the revolutionary' technology given to Trigg by Nikola Tesla. (remember Westinghouse and the Generators) and commenced building and testing the new "Submarine" and "Submarine Destroyers", this company is now known as General Dynamics (#83); it is also related back to the Charleston, Cincinnati and Chicago Railroad Company by marriage. With the creation of The Electric Boat Company" some of the stocks of the company were sold to England, France, and German and then came the World War 1 to try out the new toys for destruction.
Northrop (#204) is a spin-off of ITT by virtue of marriage!
Miscellaneous Stuff
One of the original stockholder of Texaco (#5) was Colonel Leroy Springs, acquired after the Civil War.
Tenneco (#18), (Tennessee Company) has been linked in the past to Louisville and National Railroad Company. This was a name change form Alabama and Tennessee Rivers railroad Company, (north/south run. the East/west run was Southern Railway Company, now Norfolk & Southern Railroad Company.
Henry Ford built a private railroad in Rome Georgia to Martha Berry's house, who was the first cousin of W.W. Fulghum. who was the executor of L.C. Payseur Mitsubishi is under the Springs thumb, as well as Panasonic.
Sunbeam (#234) is Forrest Industries at Forrest Mississippi, and is owned by the railroad (what was the Selma. Rome and Dalton Railroad, (West from Selma), and was also the East Tennessee. Virginia and Georgia Railroad now Southern Railway Company.
Next
GLOBAL MONOPOLY
5 comments:
This is undocumented garbage, says a long time resident of South Carolina, who knows the descendants of the Springs and Selfs.
you are entitled to your opinion.
Before reading these Pandora's series I had not realized: The
railroads have always been an extension of the waterways/seaways (and 'wetlands' thanks to Ronald Reagan) claimed by Maritime/Admiralty codes back in the City of London. (This is how Great Britain negated the Revolutionary War by way of the War of 1812 and "won back" the population of America.) HOWEVER, it always included the right-of-way + all commerce related to that railroad---including the meat, cotton, & tobacco processing industries! This is how the Payseur [illegitimate paymaster for the French king ] Family developed their [piker's] claim for SO MUCH.
And as these Pandora series has written: these grids include many [all it seems!] roadway right-of-ways, utility lines, communications links (see They can even feel good at taking over Guugle & social networks & news services/Hollywood)---ALL grids of their own---and these grids are our ties into the One Corporate [paper claim backed by military conquest or police powers] Global-World... therefore it is only right that
driver's licenses need a Utility Bill as proof of non-migrant
status/claim/bond-slave-ship and proving those who are not being 'one of them', as I have used... a migrant!
The only real solution is to re-establishing a positive Nation by nationalizing the railroads---after a Jubilee has been declared.
This Pandora series forces us to look at and ask, "Just what are we referring to when we speak of "The railroads?" At first one would think:
Nationalizing the railroads would not cut it. HOWEVER, if we understand what is meant by "the railroads & their right-of-ways & products there of" one can begin to understand what "Nationalizing" really encompasses!
According to these works on 'Pandora's book keepings' of 'the Fortune 500 Companies' 364 are railroad semi-trusts. Therefore, nationalizing the railroads would begin with nationalizing 364 of the top 500! Now, that would do something towards putting this Nation back on its Tracks
(instead of London's & Rome)!
Interested in educating yourself more so regarding the previous 'Comment?'
Visit: http://annavonreitz.com/
and/or bitchute.com/channel/duncanPhelps/
I too am from the Charlotte, NC , Lancaster and Ft Mill, SC area. I would say not so fast with your condemnation of the above info. I ran across this info 15 years ago or more. I have been researching it for all these years. It is a very deep subject. Everything that I have read and could verify has been truthful. There are too many things to mention here. The birth places and burial plots of the Payseur family, marriages, ancestral family trees, prominence of Daniel Croom Beatty, Southern Power Company becoming Duke Power Compmay in Charlotte, John Reed’s sister marrying LC Payseur, Southern Railway being based in Salisbury NC at one time, the United Fruit Company and Daniel Croom Beatty’s relationship, the very large number of companies such as banks, mining companies, clothing stores, etc once supposedly owned by Payseur are well documented to have once existed in the Charlotte area. In my opinion, there are too many coincidences for this to be dismissed without significant research. Then there is the oldest company in the workd, created in the 1600s in France, that is still owned by the Payseur’s today.
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