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WALL STREET'S SUNDAY CLOTHES
It will be interesting to note the names of some men mentioned inthe public press as
prominently connected with the Interchurch World Movement and the corporations in which
these gentlemen are officially interested and the capital represented by the corporations.
Under the name of each we mention the names of the corporations with which connected,
opposite which are set the assets of the respective corporations, as far as known:
ALFRED E. MARLING |
|
President, New York Chamber of Commerce |
|
Horace 5. Ely & Co |
|
Chairman, Board of Directors of Advisory Council of Real
Estate Interests |
|
Associates Land Co. |
|
Bond & Mortgage Guarantee Co. |
|
President, Chamber of Commerce of the State of New
York |
|
Columbia Trust Co. |
$121, 100,000 |
Commercial Union Assurance Co. |
1,607,578 |
Fifth Avenue Bank of New York |
21,306,000 |
Fulton Trust Co. of New York |
8,780,000
|
Hanover Fire Insurance Co. |
5,840,184
|
Mutual Life Insurance Co. of New York |
673,714,294 |
New York Life Insurance & Trust Co. |
33,958,000 |
Sailor's Snug Harbor |
|
|
|
GEORGE W. WICKERSHAM |
|
Law firm of Cadwaiader, Wickersham & Taft |
|
American Hawaiian Steamship Co. |
$5,000,000 |
|
|
ALEXANDER R.NICOL |
|
Agwi Oil Co. |
|
Agwi Pipe Lines Co. |
|
Agwi Refining Co. |
|
Atlantic Gulf & West Indies Steamship Lines |
$39,754,800 |
Atlantic Gulf Oil Corporation |
20,000,000 |
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Carolina Terminal Co. |
100,000
|
Clyde Steamship Co. |
7,000,000
|
Clyde Steamship Terminal Co. |
100,000
|
International Shipping Corporation |
100,000
|
Mallory Steamship Co. |
7,000,000
|
Mexican Navigation Co. |
5,000,000
|
New York & Cuba Mail Steamship Co. |
10,000,000 |
New York & Porto Rico Steamship Co. of New York |
50,000
|
New York & Porto Rico Steamship Co. of
Maine |
5,000,000
|
San Antonio Co. |
50,000
|
San Antonio Docking Co. |
1,000
|
Santiago Terminal Co. |
|
Scandinavian Trust Co. |
34,264,000 |
Seventy-Sixth Street Co. |
|
Southern Steamship Co. |
90,000 |
Summit Estates Co. |
|
United States & Porto Rico Navigation Co. |
2,000 |
Wilmington Terminal Co. |
100,000 |
|
|
CLEVELAND H. DODGE |
|
Phelps Dodge Corporation |
$45,000,000 |
Alamogordo & Sacramento Mountain Ry |
3,900,000 |
Alamogordo Lumbar Co. |
740,000 |
American Brass Co. |
15,000,000 |
Atlantic Mutual Insurance Co. |
16,823,491 |
Burro Mountain Ry. Co. |
400,000 |
Commercial Mining Co. |
|
Dawson Fuel Sales Co. |
|
Dawson Railway & Coal Co. |
3,100,000 |
El Paso & Northeastern Co. |
16,792,000 |
El Paso & Northeastern Railroad Co. |
5,400,000 |
El Paso & Rock Island Ry |
5,000,000 |
El Paso & Southeastern Co. |
25,000,000 |
El Paso & Southwestern Railroad Co. |
19,055,000 |
Golden Hill Corporation |
|
Morenci Southern Railway Co. |
1,250,000 |
Nacozari Railroad Co . |
1,000,000 |
National City Bank of New York |
887,193,000 |
National City Co. |
|
New York Life Insurance & Trust Co. |
33,958,000 |
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North Star Mines Co. |
2,500,000 |
Old Dominion Co. of Maine |
7,426,775 |
Russell Sage Foundation |
|
|
|
FLEMING H. REVELL |
|
Fleming H. Revell Co. |
|
Board of Home Missions of the Presbyterian Church of the
U.S.A. |
|
Missionary Review Publishing Co. |
|
New York Young Men's Christian Association |
|
New York Life Insurance Co. |
$995,087,285 |
Northfield Schools |
|
Wheaton College, Norton, Mass |
|
|
|
JOHN D. ROCKEFELLER, JR. |
|
Bureau of Social Hygiene |
|
China Medical Board |
|
Colorado Fuel & Iron Co. |
$76,262,200 |
University of Chicago |
|
General Education Board |
|
International Health Commission |
|
Manhattan Railway Co. |
$60,000,000 |
Merchants Fire Assurance Corporation of New York |
2,786,431 |
Rockefeller Foundation |
|
Rockefeller Insitute for Medical Research |
|
Mr. John D. Rockefeller, Jr., 18 also listed in Who's Who in America, 1920,
as "looking after his father's interests"—the well known John D.
Rockefeller, with wealth once said to exceed a billion dollars. Since 1899 the son has
been, off and on, director of the following ín addition to the foregoing:
Chicago Terminal Transfer Railroad Co. |
|
Delaware, Lackawanna & Western Railroad Co. |
$42,597,000 |
Lake Superior Consolidated Iron Mines |
|
New York Produce Exchange Safe Deposit and Storage Co. |
|
American Linseed Co. |
33,445,678 |
National City Bank of New York |
887,193,000 |
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Puget Sound Reduction Co. |
|
United States Steel Corporation |
1,452,229,769 |
Missouri Pacific Railway Co. |
345,632,400 |
Federal Mining & Smelting Co. |
18,000,000 |
Standard Oil Co. of New Jersey |
98,338,300 |
From the Los Angeles Times we quote:
"In short, religion has decided to adopt the methods of big business and brilliant
financial cooperation, whatever its other multitudinous differences may be. Our Christian
pastors and masters tell us, vide the advertisements, that 'business associations,
governments and the leaders of the great religious bodies have surveyed world conditions,
and their verdicts all agree' that nothing but millions can buy salvation for a
'world torn with war'. And they are probably right, since that same world which we are
told 'a great shaft of light has struck', boasts few humble carpenters and
fishermen to renounce all worldly comforts —disciples to follow a possessionless
Master today.
Those expensive advertisements teem with ironical truths. 'The least pretentious
business concerns now train their sales forces: can the churches do less?' they
demand. 'In America we must have Sunday School experts, Bible teachers, skilled
fishers of men. How very far we have traveled from the simplicity of Jesus, from the
Sermon on the Mount, from that sublime doctrine, free and gratis for all who cared to
take. 'The realization of humanity's need for Christ at this time has followed
with sudden, blinding brilliance, not unlike that which came to Saul of Tarsus,' we
are told. But Sauls of Tarsus seem to be peculiarly rare. Rather are they fosaking the
ministry on all sides because of the meager worldly reward entailed. Nothing but millions
can lure them back, or create new Sauls. Our modern Sauls don't
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accrue without expert training and the promised reward of high salaries.
"Every item in those expensive advertisements is quite logical. One cannot take
issue with a single assertion. They all rock of efficient promise, of indubit able
statements as to conditions and needed reforms. And yet, somehow, they leave us with a
feeling of irony that Christianity should have come to such a pass. Perhaps it is the
glaring omission of exhortation to our spiritual duty—only our financial duty is
emphasized. We are not asked to each and every one of us constitute ourselves a personal
missionary without pay. We are not asked to examine the condition of our own souls, our
own lives, our own spiritual practices; we are only exhorted to pay for the religious
education of others, the religious improvement of others. There are numerous paragraphs
beginning, 'Your money will,' etc., explaining just how much other
people's service it will buy. There are paragraphs referring to our
'duty', but they all appertain to providing the money for other people's duties.
In fact, there is a general impression of buying ourselves off from personal duties other
than money and, as the advertisements themselves declare, 'It were folly to think
that money alone could carry Christianity forward; the main problem has always been
leaders. 'We must continue to send out men and women who will carry the Christ-life
into their businesses, their recreations, and their homes. Send other people out—you
seem not necessarily to be those people yourselves. 'Unless you falter, a generation
of trained Christian leaders will make your children bless your name, is another form of
exhortation—our faltering strictly taking the form of failing with the shekels.
'They will raise their hundred millions, . . . but
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unless most of us take our Christianity more personally and individually, unless we
recognize a few other requirements in ourselves besides furnishing the money, our deputed
Christianity isn't going to do the world much good, and our financial credit
won't cut much ice in heaven."
WALL STREET WITH A PIOUS FACE
Roger W. Babson, statistician-in-chief of Wall Street, in a letter dated January 27,
1920, and given limited circulation, says concerning the churches:
"The value of our investments depends not on the strength of our banks, but rather
upon the strength of our churches. The underpaid preachers of the nation are the men upon
whom we really are depending rather than the well-paid lawyers, bankers and brokers. The
religion of the community is really the bulwark of our investments. And when we consider
that only 15% of the people hold securities of any kind and less than 3% hold enough to
pay an income tax, the importance of the churches becomes even more evident.
"For our own sakes, for our children's sakes, for the nations sake, let us
business men get behind the churches and their preachers! Never mind if they are not
perfect, never mind if their theology is out of date. This only means that were they
efficient they would do very much more. "The safety of all we
have is due to the churches, even in their present inefficient and inactive state. By all
that we hold dear, let us from this very day give more time, money and thought to the
churches of our city, for upon these the value of all we own ultimately depends!"
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Again the money-changers are operating in the house of the Lord, and again seem
appropriate the words of the Master: "It is written, My house is the house of prayer;
but ye have made it a den of thieves."—Luke 19:45, 46.
Of course "big business" will raise the required money because it thinks this
necessary.
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Do the people wish to trust their spiritual interests with a class of men whose god is
gold?
Occasionally yet very rarely you will find some denominational minister who sees the
subtlety of this movement and who has the courage to speak out. Dr. A. T. Peterson, an
Illinois Baptist preacher, says: "It is a super-league of nations".
Dr. Conant, an evangelist, in a published discourse involving the Interchurch World
Movement, says:
"Mergers are the order of the day in every time of human activity, and the latest
and most menacing is the Interchurch World Movement. By this movement the whole Christian
Church is being unconsciously merged into a great union church which will be headed by
liberals [infidels, higher critics, evolutionists, opposers of the interests of both God
and man]
"'This movement is shot through and through with fundamental error. Our Lord
tells us that the mission of the church is to preach the gospel to every creature
—just that and nothing more. But the leaders in this movement tell us that the
mission of the church is to 'establish a civilization, Christian in spirit and in
passion, throughout the world'. Those two conceptions will not mix any more than oil
and water will.
"And by their social service program they are seeking to capture the functions of
the state, and are thus uniting church and state."
GOSPEL AS A WITNESS
Jesus further stated as an evidence of the end of the world: "This gospel of the
kingdom shall be preached in all the world for a witness unto
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all nations; and then shall the end come".-Matthew
24:14.
If the leaders of the Interchurch Word Movement claim that their purpose is the
conversion of the world to Christianity, then we say to them that they are too late. They
are not doing it the Lord's way. In the first place, they are not preaching the
gospel of the kingdom. They frankly state they are ignoring the doctrinal truths of the
gospel. In the second place, the preaching of the gospel of the kingdom is not for the
purpose of converting the whole world, but for taking out from the world "a people
for his name". (Acts 15:14) And thirdly, this has already been done and we are at the
end of the old order and the new is coming in.
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