| OCR Text |
Show WHO OWNS THE RAILROADS? H. T. Neweomb of tho District of Columbia Bar, has compiled statistics Bhowlng that 5,174,718 depositors In savings banks of six eastern states aro directly Interested In tlio Joint ownership of $442,301,086 of steam railroad securities, that Insuranco companies doing business In Massachusetts Massa-chusetts hold $845,880,038 of steam railroad stocks and bonds and 74 educational edu-cational Institutions depend on $47,-468,327 $47,-468,327 Invested In similar securities for a portion of their Incomo. Other fiduciary Institutions own onough railroad securities to bring such holding hold-ing up to mora, than n billion and a half dollars, about one--lxth of tho ontlro capital Invested In rallrad property. Theso Investments ropro-sent ropro-sent tho savings of tho masses, thoro being twenty million holders of llfo Insurance In-surance policies in tho country, as many moro of flro Insuranco policies, and an oven greater number of depositors de-positors In banking and trust Institutions, Institu-tions, whero investments aro largely In railroad securities. |
