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cortninly not a controlling one, in the firm wliidi in alno tied up to some extent with K. Hearst. 'I'lie situation in \\)'.\2 was that none of the Warner hoard nienihcr.M rei)rcMent<«(l the j^iant int<TeHtH (Morpm, Rockefeller, Mellon) with which w(» are mainly concerne<l in this section, but that the (iuaninty Trust C<3., M aim fact urers' Trust Co., and New York Trust Co. (New York banks witliin the Morgan sphere of influence) were tiwi up with Warners as transfcT agents and registrars for stock and as trustees and int<Test agents for bond issues.
Twentieth Century-Fox: Shortly after the events w(; have described the (Jeneral Theatres Kciuipment Inc. went into receivershi]) which also alVected the Fox Theatres Corp. Fox Films (the ])rodueing section of the Fox enterprises also controlling some of their theatre holdings) escaped rcceivershij) and was merged in 1935 with J. Schenck's Twentieth Century Corp. Chase National Ixuik whicli had backed Clarke retained the largest block of stock and ])rol)ably the control of the concern after bearing a considerable proportion of the hisses caused by the debacle of the old companies. This bank is now a Rockefeller concern, its president being W^ W. Aldricli, brother-in-law of John I). Jvockefeller, Jr., and the Rockefeller family also have a substantial stock interest in it. The Morgan interests are represented in Twcntieth-Century-Fox by a minority holding of Atlas Corp.
LoEw's Inc.: In spite of the anti-trust action brought against Fox and later against General Theatres and of the nominal separation of Loew from Fox, the former company, whose chief executive is N. M. Schenck, brother of J. Schenck, is also in the Chase National Bank — Rockefeller sphere of interest (through the stock purchased originally by W. Fox).
United Artists : Our information for this group is again incomplete. It should be remembered, however, that the producers collaborating in this organisation finance their own films, though the company owns a studio, runs a world-wide distributing organisation and controls a string of first run theatres. In the summer of 1936 the San Francisco banker, A. Giannini was elected chairman and president of the U.A. organisation. TwentiethCentury-Fox, and therefore indirectly the Rockefeller interests, have a 50 per cent, stock holding in United Artists Studios Inc. J. Schenck has also retained his presidency of United Artists Theatres of California Inc.
Universal: In April, 1936, Universal Corp., a new holding company, acquired control of the Universal organisation through the purchase of common stock from Carl Laemmle and associates in accordance with an option originally given to Standard Capital