The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1902-10-07
Wall street, and not far from the Of
fee of Mr.. Morgan.

Wall street, and not far from the Of
fee OF Mr.. Morgan.
There is a strong impression in
Washington that this campaign has
extended to the coal strike for the
purpose of embarrassing the repubii-
can party and the president. When
Mr.. Morgan went to Europe early last
summer, Senator Hanna had a talk
with him, and the senator believed
that MI. Morgan, as the dominant fac
tor in control Of the roads, would
use his influence to arbitrate the diff
ference between the operators and the
miners.
Snubbed Hanna.
Senator Hanna placed strong re-
lance in what Morgan said to him at
that time, and he believed for months
that Morgan would bring the opera
tors to accept the good Offices of the
Civic Federation to arbitrate. The
senator waited patiently for Morgan's
return. He knew that the operators
would have to do what MI. Morgan
decided, because Morgan controlled
three Of the five coal roads. But it is
said that when Hanna went to Nor
gan's office in New York several
weeks ago, the king of finance turned
his back on him and refused to discuss
any question of business or politics
with him.
Other men anxious to have the coal
strike settled received the same treat
ment, though they had for years held
relations with Morgan which war
ranted them in going to him. Mr..
Morgan treated all republican leaders
who we're loyal to the president in the
same way, and one of his closest con
fidential men advised all friends Of
the president to keep away from him,
because he was so incensed that his
associates in business did not dare
mention the presidents name nor pol
itics to him. The men, who from
their knowledge Of Mr.. Morgan's re-
ldllOA0 " tuC Wal AO0O0, OOAAOVOA AO
would settle the coal strike, still be-
lieve that he can settle the strike, but
that he does not want to. Il
They also believe that Morgan has
a purpose in allowing the coal strike
to continue, They believe that he is
willing to create another such condi-
ton as that at Homestead ten years
ago when the strife between labor and
capital in the Carnegie mills was, in
a large measure, responsible for the
defeat of the republicans and the cleo
ton Of Grover Cleveland president
of the United States.
His Love Of Cleveland.
Morgan regards Grover Cleveland
as a conservative man, whom the
business interests can support.
President Cleveland and Secretary
Carlisle handed over to Mr.. Morgan
and his bank syndicate the last gov
eminent loan authorized by the demo-
cratic administration and Mr.. Nor
a made several millions in that
| transaction.
President Cleveland also allowed
the Sherman antitrust law to beNa
| dead statute and in his last message
to congress expressed his conviction
! that the trusts could only be con-
trolled by state law.
The selection of a large number OF
gold democrats, who are bankers and
trust operators, as delegates to the
democratic convention in New York
this week, is another significant feat
ure of this campaign. These gold dem
! ocrats are friends of Mr.. Morgan and
they are favorable to all his plans as
we'll as hostile to President RoOse-
welt. They are planning to rehabili-
tate the Cleveland wing Of the demo
| cratic party, and again place it in con-
troll, with the hope of again electing
Cleveland or a man like him to the
presidency. At the same time they
will try to secure a democratic house
this fall, so as to divide congress
and insure no further antitrust legis'
lation. They can trust the Cleveland
democracy not to try to enforce the
Sherman law or strengthen it..
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