There is much control of industry, from the finan¬ cial side, represented by Jewish power in Wall Street, and they have gained a monopoly of many metal mar¬ kets. Large, prosperous Jewish brokerage houses are on every hand. The further one goes down the line of speculative operations, the more of the Jewish race one finds to be active in the work of company pro¬ motions and the marketing of oil and mining stocks.
Yet one amazing fact stands out from the mass: there is not, at this writing, a Jewish bank president on Wall Street; that is, a president of a bank of public deposit. Of all the great banks of public deposit and corporation finance, the enormous trust companies whose individual resources often runup to $400,000,000 and whose combined resources approximate many bil¬ lions, not one of them has Jewish management or Jewish officers.
JEW VERSUS NON-JEW IN NEW YORK FINANCE 35 Why is this so? Why have the powerful banking families of Wall Street surrounded themselves so care¬ fully with non-Jewish associates? Why has this great dividing line been drawn between members of the Jew¬ ish and non-Jewish races in the financial district that manages the financial resources of the nation?
Why? The answer to the question is in the custody of the stronger and sounder financial heads of Wall Street.
Only here and there one will discover a Jewish di¬ rector in the boards of some of the lesser banking institutions.
The situation may be due merely to a shrewd anal¬ ysis of the public mind. Rightly or wrongly the public prefers not to confide its money to an institu¬ tion under Jewish control. It is true that in certain uptown sections of New York there are a few banks of a local character which are completely under Jewish management. But even the Jews prefer to deposit their money in banks which are free of Jewish control.