uplicate of the
$39,000,000 one upon which they, and they only, stood. Marcus Daly alone
was ushered in on the first floor, elevated just a few million dollars
above their own. James Stillman and Leonard Lewisohn, of Lewisohn
Brothers, were admitted to the next one, the $50,000,000 floor. In other
words, Mr. Stillman and Mr. Lewisohn were given an unnamed percentage,
the percentage to be arranged later by Mr. Rogers, in all profits above
actual cost, and such actual cost was called $50,000,000 and was arrived
at by adding the $11,000,000 of secret profits to the actual $39,000,000
cost. Then J. P. Morgan & Co., Frederick Olcott, Governor Flower, and
one or two of the dearest friends and closest associates, were let in on
the $60,000,000 floor--were given an unnamed percentage, the percentage
to be arranged by Mr. Rogers, in all profits above actual cost, and such
actual cost was called $60,000,000, and was arrived at by adding
$21,000,000 of secret profits to the actual $39,000,000 cost. Then
selected ones from the eight different groups of "Standard Oil" were
allowed to move in to the fifth, or underwriters' floor, which was
affirmed to be $70,000,000 cost; and then, as a solid phalanx, all the
different floor-dwellers marched upon the dear public to the tune of
$75,000,000, in the front ranks of which were those of the eight groups
of the Standard Oil army who had not already been admitted to any of the
secret floors.

Right here the crime of Amalgamated was born, not so much the legal
crime but the great moral crime. In the ethics of Wall Street the
heinousness of the transaction lies not in the fact that the public was
compelled to pay $36,000,000 profit to a few men who had invested but
$39,000,000--and, as I shall show when I approach this part of my story,
the $39,000,000 did not even belong to them--but in the fact that Mr.
Rogers and Mr. Rockefeller had given to their associates what, in the
vernacular of "the Street," is termed "the double cross."

The every-day people, the millions who do not know Wall Street, realm of
the royal American dollar; Wall Street, its sidewalks inlaid with gold
coin and paved from curb to curb with solid gold bricks; Wall Street,
lined with huge money-mills where hearts and souls are ground into
gold-dust, whose gutters run full to overflowing with strangled,
mangled, sand-bagged wrecks of human hopes, to be poured, in a
never-ending stream, into the brimming waters of the river a