History of America’s One Percent – Episode #30

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 VII:  The Vanderbilt Fortune in Later Generations, continued.  The Labor Movement Collapses After 1887.  Labor Party Leaders Bribed With Offices In Democratic and Republican Administrations.  Labor Reduced to Begging Politicians For Scraps of Legislation.  War Resumes Between the Middle Class and the Great Magnates.  The Middle Class Passes Anti-Trust Laws in 23 States By 1890.  Each Trust Busted Reorganizes Deeper In the Technicalities of the Law.  The Great Magnates Install Their Agents On the Benches and as Attorneys General.  The Vanderbilt’s Acquire the “Big Four.”  Some Circumstances Behind the Panic of 1893.  Gathering In Anthracite Coal Mines In Pennsylvania.  Squeezing Out the Independent Operators.  Abuses of the Mine Workers.  The Company Store.  The Grand Prize: Philadelphia and Reading Railroad Owned One-Half of Coal Supply in Pennsylvania.  President of the Philadelphia and Reading Railroad, Arthur McLeod’s Wreckless Ambition.  Vanderbilt and Morgan Join Forces To Crush McLeod.  Splitting the Spoils of War.  Treatment of the Mine Workers Under the New Owners.  Gathering in the Bituminous Coal Mines Also.  Untold Profits From The Coal Mines.

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PART III, CHAPTER VII – FOOTNOTES, cont’d. Continue reading

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History of America’s One Percent – Episode #28

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 VI:  The Entailing of the Vanderbilt Fortune, continued.  Bankrupting the West Shore Railroad.  William Vanderbilt Intrudes on the Pennsylvania Railroad’s Territory.  He Builds the Competing South Pennsylvania Railroad Line.  Looting Before the Railway is Completed: $30 Million in Securities Fraud Through His Railroad Construction Company.  Vanderbilt’s Secret “Gentleman’s Agreement” with the Reading Railroad.  Pennsylvania Railroad Proves too Powerful.  J.P. Morgan Steps in to Dump the South Pennsylvania Line, Screwing the Reading Railroad.  His Accomplices: Morgan, Rockefeller, Mills, Elkins, and Whitney.  William Builds an Opulent Mansion.  Vanderbilt as a Great Patron of the Arts.  “THE PUBLIC BE DAMNED.”  He Gathers in $100 Million In Just Seven Years.  William Passes Away in 1885.  Massive Scope of His Tax Evasion Revealed.

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PART III, CHAPTER VI – FOOTNOTES, cont’d. Continue reading

Triumphant Plutocracy – Episode #6

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An insiders view on how bankers, corporations, and lawyers took over the United States Government and became the “Rulers of America” during the Gilded Age.  Written with true authority by a man who had a front row seat for it all, R. F. Pettigrew was the first senator from the state of South Dakota, and he made no friends during his time in the US Congress. These are his memoirs.


In this episode – Continued reading of Triumphant Plutocracy by Richard Franklin Pettigrew,  including Chapter VII: Railroads.  Railroads Were the Most Aggressive Interests in America.  Pettigrew Operated a Small Railroad in South Dakota.  Trusts Grow Out of Demonetization of Silver.  The Revolving Door Between Railroads and Government.  Railroads Cheat the Government on Mail Volume.  They Use Congressional Documents to Add Extra Weight During Weighing Season.  Postal Service “Unwittingly” Helps the Railroads Defraud the Government.  Railroads Charge Discriminatory Rates, Put Burden on the Poor.  Rich and Influential Customers Ride the Rails on Free Passes.  Standard Oil Uses Discriminatory Rates to Conquer the Competition.  Railroads Over Capitalized.  Rampant Securities Fraud and Manipulation By the Railroads.  The Notorious Credit Mobilier Scandal.  Congress Appoints Committee to Re-Structure It’s Mortgage On the Railroads.  Committee Packed With Railroad Agents.  They Swindle the Tax Payers Out of $100,000 Per Mile.  Anti-Trust Laws No Match For the Railroads.  New York Judge Declares That Most Every Judge In the State Has a Conflict of Interest On Railroad Cases.  Pettigrew Introduces Senate Bill No. 1770, Railroad Nationalization.  The Immense Concentration of Railroad Stock in a Few Hands.  Morgan and Rockefeller Dominate the Railroad Industry.  Pettigrew Calls For Railroad Owners to Be Jailed.  Long List Railroad Frauds During the Civil War.  Government “Takes Over” Railroads During War.  Tax Payers Forced to Guarantee Stock Dividends On Fraudulent Stock.

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

FIGURES & CHARTS FROM CHAPTER VI

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