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 VI: The Trusts. Pettigrew’s 12 Years In Congress Fighting Trusts. The Theory of Competition Abandoned. Trusts Grow Out of Demonetization of Silver. Trusts Propelled Into Power by the Spanish-American War. Standard Oil Sets the Path for Combination. Examination of the “Sugar Trust.” Sugar Trust Declared Illegal by New York. It Reorganizes in New Jersey. Senators Deny That Trusts Exist. New Jersey: Haven For Trusts and Combinations. President of the Sugar Trust Testifies In Congress That It Manipulates Prices. $25,000,000 Extracted In Three Years. Trust Busting A Farce. Congress Protects Trusts.