The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1897-10-28

New York, Oct. 25.-ISpecial.l
1t has been but a year since the peo-
pie of this city were appalled, at the
success of Mark Hanna in collecting
an enormous corruption fund with
which to thwart the will of the people
at the ballot box.
He rushed like a meteor from city
to city, and from state to state, levy
ing assessments upon banks and cor
pOr5tions which we're interested in the
maintenance Of the gold standard. Not
satisfied with this first swing around
the Circle it will be remembered that
he paid a visit to the city Of New
York for the purpose of increasing his
corruption fund to such mammoth pro-
portions as would remove all doubt as
to the success Of his party in Novem-
Der.
1t Is a matter Of common notoriety
that on arriving in New York he had
an Immediate conference with distln-
guished representatives of the follow
| ing firms: The Mercantile Trust COM
paEy. j. p. Morgan 6 Co., Khun, Loeb
| c, Co., August Belmont & Co., who
agreed to Fay, and did pay, into Han
mas fund the enormous sum of one
million dollars. Among those who
were identified with this great financial
corporation are: Louis Fitzgerald, ia
cob II. SchiT, T. jefferson Coolidge, jr.,
Chauncey NJ. Depew, Marvin Hughitt
and oliver Ames.
1t is further q matter Of common
knowledge to the public that these cor
poratlons and persons identified with
! them own and control the following
great lines Of railroads: The New
York, New Faven and Hartford, the
New York Central, the Lake Shore and
Michigan Southern and the Chicago
and Northwestern, and they were rep
resentatives Of these great lines Of rail
roads that cane 10 Hanna's rescue
with a contribution Of a million dol
lars. Likewise the representatives OF
these great corporations had their GOV,
etous eyes on the Union Pacific rail,
road.
They Knew They Were Safe.
These representatives knew that Il
Mckinley were elected president, MARI
Hanna would he the dominating force
behind the cabinet of the president
and that hic influence would naturally
be potential with both houses of con
gress. Then the million dollars wa!
!, suggested as compensation. AS soor
I q nf "a
clared the movement to reorganize tn,
Union Pacific acquired new impetu
. from the corporations heretofor,
named as contributors to Hanna's elec
tion fund.
1t will be interesting in this connec
e tion to notice how the government wa
interested in this proceeding. Whel
, the Union Pacific was built more thai
: a fourth OF century ago, the govern
: ment was appealed to by the promot
ers Of the road for assistance. Thi
appeal for aid was acceded to, and tn
millions were advanced. For securit
the government took lien upon tn
road subsequent only to the first NOR,
! gage bonds which had been issued be
: fore the government made these ad
!. Vances.
e These bonds and other debts beside
the debt due the government aggre
K gate slxty-fiye million dollars. Th
{ debt due the government now amount
;. to eighty million dollars. AS an ev
4 dence that the property is worth NOR
d than the aggregate of all the debl
IT against 1t, the common stock of tn
company, of, which there were slxt
y million dollars issued, is selling dali
y on the stock exchange, ranging frol
h twenty to twenty-five cents on the do
v lar. AS the government lien is sup'
Is rlor to the common stock every do
70 lar Of the governments lien is wort
u par If the common stock has any vGlV
N whatever.
a Under the domination Of Hanna CO.
d gress was kind, and the president VI
n plant, and the reorganization schen
d was perfected. The attorney genera
y ON behalf Of the government, was Z
"a rected to protect the government
ID the deal. It is intensely interesting
20 notice who the attorney general co
fronts when he meets the reorganiz
tion eonmittee. He meets Louis Fit
Sc gerald, Jacob II. Schiff, Il. Jeffers'