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The House's Pujo committee reports on the "money trust". It declines to find a trust in the sense of a definite agreement, and finds a vast and growing concentration of control of money and credit in a few men, held together by stock holdings and interlocking directorates: members and directors of a group of New York banks held 341 directorships in 112 corporations with $22.2 billion in resources. The minority found no money trust, but a dangerous concentration of credit.
The mechanism
CONCENTRATION, NOT CONSPIRACY — the House's own finding
How it was checked
- EvidenceT7 PRIMARY DOCUMENT / MEASUREMENT; Status: ADDED 2026-09-19
- Letter eraTHE SEAT MOVES TO THE BENCH 1713 to 1945
- SourcesPRIMARY — Report of the Committee Appointed Pursuant to House Resolutions 429 and 504 to Investigate the Concentration of Control of Money and Credit, H. Rept. 62-1593, pp. 89, 129–130, 247 (govinfo.gov)
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