The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1896-08-14
WALL STREETS
GOLFERS OPEN.
$40, 900, 900 on Tap to
Elect Mckinley.
LIBERALITY UNPARALLELED
Money Supplied to an Extent
Before Unknown.

, DGIOTe OIlkIlOWH.
Tund--River and Harbor Ring Sub
scribe 20 the Republican Campaign
Usual Donation to Democrats With
held - Rockefeller Gives Politica
"Object Lesson" TO tho Lake Superior
Miners.
Wall street has gono deop into it'
purse and has supplied the Hanna syn
dicate with money to an extent never
before known In political campaign,
and the stream has only begun to flow,
says tho New York Journal.
Some time previous to the appearance
Of MIR. Hanna i'll tho metropolis mem
Der of the sound money committee Of
the chamber of commerce stated that
81, 900, 900 would be subscribed by Wall
street men. The amount already pledged
is far in excess of this sum. BY tenants
of the Mills building alono 81, 900, 900
was subscribed. Among those in this
building who are said to have given lib
orally are d. o. Mills, Q. p. Hunting
ton, III. Nick. Twombly, J. Pierpont
Morgan, Henry Clews and the banking
houses Of l. &. S. Wormser and ]. 81
W. Seligman.
Mr. Hanna has made % practice Of
taking luncheon at tho Lawyers club
In the Equitable building. It Is conven-
lent for the Wall street financiers to go
there, and every day they surrounded
the boss, extending encouragement and
making promises Of money.
Fully $40, 100000 Of Wall street
money has been pledged already. OF
this large amounts have already been
paid to Cornelius N. Bliss, the treasurer
Of the fund. A prominent banker in the
street said recently that $50, 900, 900
might be necessary to elect Mr.. McKin-
ley, and if needed it would be forth
coming.
While great deal Of the money which
has gone from Wall street Is given In
the names of individuals, many of these
subscriptions are authorized by various
corporations in which the donors arc
interested. This is the case with electric
light and gas companies and various
street and railroad companies whose
owners fear ultimate municipal owner
ship of this class of property. Many of
the traction magnates, both Republicans
and gold standard Democrats, have
fallen over each other In their haste to
subscribe to the Republican campaign
fund.
Previous to the action Of the chamber
of commerce in turning its literature
over to the regular Republican cam
paign committee there was considerable
talk in Wall street of committee of
bankers and financiers who would raise
fund and prosecute an independent |
sound money canvass. When, at the |
dictation of Mr.. Bliss, the chamber Of |
commerce ostcnsibly went out Of the
campaign business, the argument was
that it would be inexpedient for Wall
street to tako stand In campaign |
which had become practically o war Of
ballots between the masses and the |
moneyed classes.
The committee appointed by the
Union League club to solicit campaign
subscriptions contains practically the
same men as would have appeared in q
regular Wall street campaign organiza-
tion. In fact, 1t is stated by those who
arc familiar with the formation of the
Union League committee that it was
tho direct result of tho original move
ment among the Wall street men for
money raising committee.
1t is'stated that tho river and harbor
ring, which is the most notorious and
powerful of all tho Washington lobbies,
has given its usual subscription to the
campaign, but has with
held like amount from the Demo
cratic 1t has been the custom for this
ring to give to both parties alike, to be
in command whichever won, Tho only
money which tho river and harbor ring
will spend for Democratic candidates
will be in congressional districts, where
1t will seek the election or reelection
Of men whom it knows it can control
While tho moneyed men Of Wall
street arc counting out the dollars. to
prosecute tho campaign they are not
slow in giving "object lessons" which
they always explain are call due to tho
silver agitation The last Of this sort
of political "object lesson has just
been given by tho iron company OF
which Mr.. Rockefeller IL the head, in
closing down tho mines In the Gogebic
'ange In the Lake Superior district.
rhe workmen in the Tilden mine wero
thrown out of employment on July 81.
The day previous, O. Il. Rand, presi-
lent of the company, notified tho man
,gers at the mines that the work would
'top the following day. In this telegram
le says, ''Tbey now find it impossible
% sell their pig iron product because the
agitation In favor of free silver has
stopped investments in enterprises which
would otherwise enable them to operate
heir works as usual. "
The Republican platform virtually says