History of America’s One Percent – Episode #17

hogaf-logo-wip2In this podcast series we dive into the long and shadowy history of America’s ruling elite through the works of authors who were either silenced, suppressed, or forgotten, to discover the origins of the 1% and from where their power and wealth was, and still is, extracted.

Each recording will be approx. 1 hour in length to allow for easy consumption of the material.  The narrator will only interrupt the reading to provide insight, spell names, read informative footnotes, or provide definitions for archaic words.


In this episode – Continued reading of History of Great American Fortunes by Gustavus Myers.  Includes Part III, Chapter I:  The Seizure of the Public Domain, continued.  Corruption Totally Out of Control in America.  States Convene Constitutional Conventions in the 1850’s.  They Attempt to Amend the Constitution to Rid Themselves of Nonstop Corruption.  Two-Thirds of All Property in Massachusetts Owned by Corporations in 1853.  The Complete Impotence of the People to Stop Corruption.  155,000,000 Acres of Land to the Railroads.  Land Given On Strict Condition of Railroad Completion.  Railroads Bribe Congress to Extend Construction Periods.  Railroads Sell Off Land Instead of Building On It.  Only 607,000 Acres Recouped by the Government for Failure to Complete Construction.  These Small Forfeitures Overturned by the Judicial System.  The Supreme Court Legalizes Fraud.  Coal and Iron Declared Not to Be Minerals.  Railroads Relieve Themselves of Property Taxes Through Lobbying Government.  The American Aristocracy Emerges.  Laws Passed For Supposed Benefit of the People, Really Benefit Corporations. The Desert Land Law, The Stone and Timber Act, The “Cash Sales” Act, and The Exchange of Land Law.  National Forest Reservations: The Creation of Railroad Corporations?  Government “Accidentally” Includes Worthless Railroad Land in Forest Reservation Area.  Railroads Swap Worthless Land for Mineral, Timber and Agricultural Land.  The Plundering of Mineral Wealth Via the Coal Land Act.  Oil Companies Become Hotbeds of Bribery and Corruption.  Every Administration and Political Party Since the American Revolution Corrupted.

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PART III, CHAPTER I – FOOTNOTES Cont’d.

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History of Great American Fortunes Ebook

Current episodes of the History of Americas One Percent podcast have been reading from the 1936 edition of Gus Myers’ classic muck-raking, fact filled, historically significant tome, The History of Great American Fortunes.  As far as I know this version has not been available online for download.

I will not embed it here because of its massive size, but you can follow the link to download a copy in PDF format that is OCR searchable. Now you can keep up and read along with the podcast.

History of Great American Fortunes, 1936 edition (187mb)

HoGAF Book Review from 1910

In the latest episode (#16) of The History of America’s One Percent podcast, I quoted from a book review of Gus Myers’ History of Great American Fortunes that I had stumbled across in The American Historical Review, Vol. 15, No. 4 from July of 1910.  The review is, as expected, quite disparaging of Myers’ work, calling it “…gossipy,  abusive, one-sided, and discursive, and for purposes of sound scholarship the whole might easily be compressed into one-third its present bulk.”  Of course they have to call him mean and gossipy because name-calling is the last resort of somebody who cannot challenge the facts. It’s almost hilarious to see the reviewer bend over backwards in the very next sentence, to admit that Myers’ facts are indisputable, and his contributions to historical knowledge great…

Anyways read for yourself or check out Episode #16 of the podcast for a more extensive breakdown of the book review.

History of America’s One Percent – Episode #16

hogaf-logo-wip2In this podcast series we dive into the long and shadowy history of America’s ruling elite through the works of authors who were either silenced, suppressed, or forgotten, to discover the origins of the 1% and from where their power and wealth was, and still is, extracted.

Each recording will be approx. 1 hour in length to allow for easy consumption of the material.  The narrator will only interrupt the reading to provide insight, spell names, read informative footnotes, or provide definitions for archaic words.


In this episode – Continued reading of History of Great American Fortunes by Gustavus Myers.  Includes Part III, Chapter I:  The Seizure of the Public Domain.  Factory Owner’s Fortunes Lag Behind the Railroad Magnates.  Continuing Domination of Government By Business.  Vast Swaths of Land Into the Hands of Speculators and Corporations.  Land Speculators and Their Banking Adjuncts.  Land Continually Secured By Bribery.  The “Yazoo Claims” Scandal.  Congress Reacts to Scandal With New Laws.  Reform Laws Even Easier To Exploit.  Milwaukee, 1847: 6,400+ Land Claims and Only 40 Settlers.  Huge Gifts of Land to Railroads and Canal Corporations.  The Truth About Privatization: Canals Privately Owned, Publicly Financed.  4,000,000 Acres To a Handful of Canal Corporations.  Fraudulent Surveys Give Corporations Vast Copper Lands.  Valuable Natural Resources NEVER Recovered.  They Fail To Complete Construction.  Beg Congress For Further Gifts of Land and Money.  Cash the Great Persuader of Government.

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For more information on the author of this book Click Here.

Link to book review discussed in this episode here.

PART III, CHAPTER I – FOOTNOTES

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History of America’s One Percent – Episode #15

hogaf-logo-wip2In this podcast series we dive into the long and shadowy history of America’s ruling elite through the works of authors who were either silenced, suppressed, or forgotten, to discover the origins of the 1% and from where their power and wealth was, and still is, extracted.

Each recording will be approx. 1 hour in length to allow for easy consumption of the material.  The narrator will only interrupt the reading to provide insight, spell names, read informative footnotes, or provide definitions for archaic words.


In this episode – Continued reading of History of Great American Fortunes by Gustavus Myers.  Includes Part II, Chapter X:  Further Vistas of the Field Fortune.  Marshall Field’s  Methods in Managing Corporations.  He Is the Shadowy Dictator of the Pullman Company.  Establishment of the Pullman Factory and Company Town in Chicago.  Workers Forced to Live On Factory Premises and Pay Rent.  The Company Charges Employees Two and Three Times the Cost of Utilities.  This Method Provides Free Water For Use in the Factory.  Employees Taxed $0.50 a Month For Having Shutters On Their Rental Homes.  Wages Slashed 25% During Panic of 1893.  No Decrease of Rent and Utilities.  Workers Monthly Wages Between $0.08 and $2.00 After Paying Company Rent and Utilities.  Workers Rack Up $70,000 Debt for Unpaid Rents.  Strike Declared in 1894 for Restoration of Wages.  Mainstream Media Viciously Attacks the Strikers.  The Company Hires Agent Provocateurs to Incite Violence.  They Burn Down Their Own Railroad Cars to Blame on the Strikers.  National Guard Called Out to Attack Strikers.  Strike Leaders Imprisoned Without Trial.  The President Sends In The Army as the Final Blow.  Congressional Commission Later Validates the Strikers Complaints.  Field Cheats on His Property Taxes.  The Trustees of His Estate Forced to Settle For $1,000,000 In Back Taxes.  Field’s Great Philanthropic Donations Boost His Real Estate Values.  His Millions Left to Two Boys.

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Click Here for a complete list of episodes in this podcast.
You can also stream the episodes from Archive.org
For more information on the author of this book Click Here.

PART II, CHAPTER X – FOOTNOTES

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History of America’s One Percent – Episode #14

hogaf-logo-wip2In this podcast series we dive into the long and shadowy history of America’s ruling elite through the works of authors who were either silenced, suppressed, or forgotten, to discover the origins of the 1% and from where their power and wealth was, and still is, extracted.

Each recording will be approx. 1 hour in length to allow for easy consumption of the material.  The narrator will only interrupt the reading to provide insight, spell names, read informative footnotes, or provide definitions for archaic words.


NOTE: We have switched to the 1936 edition of the book.

In this episode – Continued reading of History of Great American Fortunes by Gustavus Myers.  Includes Part II, Chapter IX:  The Field Fortune In Extenso.  Land For Practically Nothing.  Land Values Steadily Increase.  Fortunes Made During Panic Years.  Field’s Vast Real Estate Holdings.  He Makes $500 – $700 An Hour.  How He Paid His Workers.  Low Wages and Prostitution.  Cutting Out the Middle Man.  His Factories Spread Across the Globe.  His Bond and Stock Holdings.  The Director of Trusts.

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Click Here for a complete list of episodes in this podcast.
You can also stream the episodes from Archive.org
For more information on the author of this book Click Here.

PART II, CHAPTER IX – FOOTNOTES

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History of America’s One Percent – Episode #13

hogaf-logo-wip2In this podcast series we dive into the long and shadowy history of America’s ruling elite through the works of authors who were either silenced, suppressed, or forgotten, to discover the origins of the 1% and from where their power and wealth was, and still is, extracted.

Each recording will be approx. 1 hour in length to allow for easy consumption of the material.  The narrator will only interrupt the reading to provide insight, spell names, read informative footnotes, or provide definitions for archaic words.


In this episode – Continued reading of History of Great American Fortunes by Gustavus Myers.  Includes Part II, Chapter VIII:  Other Land Fortunes Considered.  The Goelet Fortune.  Deep Family Links To Notorious Briber Frederick Phillips.  Large Grants of Land From Corrupt Romaine Administration.  Allowed To Pay For Land In Installments.  Links To United States Bank By Marriage.  Founders of The Chemical Bank.  Bribery Charges Swirl Around Chemical Bank Charter.  The Crimes Of One Generation Become The Glories Of Another.  Masters of The Art Of Miserliness.  The Rhinelander Fortune.  Great Land Holdings Acquired From Trinity Church.  Land Acquired From Corrupt City Officials. Land Acquired Through Marriage.  The Schermerhorn Fortune.  Their Land Also Acquired From Corrupt City Officials.  Their Interests In The Bank Of New York.  The Longworth Fortune In Cincinnati.  Longworth’s Vagaries.  The Longworths Go To Congress.  Marriage Into The Roosevelt Family.  The Field Fortune and Levi Leiter In Chicago.  Fields Early Dry Goods Business.  High Prices For Shoddy Materials During The Civil War.

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Click Here for a complete list of episodes in this podcast.
You can also stream the episodes from Archive.org
For more information on the author of this book Click Here.

PART II, CHAPTER VIII – FOOTNOTES

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