Part 13:Pandora's Box...Elliot Springs & Hugh William Close....Ike's Farewell Address...Fortune 500 Companies

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. 

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.). 

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.

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) 

"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.

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.

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.

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: 

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. 

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