The Birmingham age-herald., 1905-07-30
RockefeIIer's Part Not Clear.

lust where the elder Rockefeller figures in this bitter campaign against Gould Is not clear John D. Rockefeller has long been a close friend and ally of George Could and is joinly interested with him in many of his enterprises A report is current in the street that the MT. Rocke- feller's associates in Standard Oil have persuaded him to stop further supplies in the Gould quarter and that he has be- come lukewarn in the Gould cause. In other words that he has gone as far in the promotion of Gould ambitions as he deems wise. The Wall street wiseacres contend that unless there was well de- fined understanding on that point the banking faction of the Standard oil group would not dare make the fight they are against Gould A crook of the finger of John D. Rockefeller will stop any cam paign in which other members of the Standard Oil may be engaged Apparent ly ho is doing nothing to interfere In the fight now being conducted against George Gould by men and interests amenable to his slightest wish or suggestion. He may contemplate an appearance later on in the role of the peacemaker and harmon izer but seemingly he does not think tho time yet ripe for the enactment of that part. Where the fight is going to end is ronjectural The Gould family is amazing ly strong of itself. It has probably com mand of s350, 100000. That is a colossal sum, but large as it is 1t may not be sufficiently ample to spread over the en- tire hemisphere.
 This formidable and dangerous combina- tion of millions is not always successful in it's crusades against men or interests. Its successes are sometimes only tenn porary and there are conspicuous instan- ces where 1t has ovc-reached itself. A most notable illustration of ultimate fail- r. Al fe f.c4 n1rl developments Three years and a half ago . ''head-on'' collision occurred between the Standard, Khun-Loeb combine and the J. P Morgan party. The combination found Morgan loaded to the guards with all kinds of stupendous fiotations and chose favorable opportunity for terrific onslaught. The Northern Pacific corner was the fro brand thrown into the pow der magazine. No sooned had the parties to the Northern Pacific controversy patched up compromise than the Stan dard oil party ''got after Morgan. On that occasion Jacob H. Schff was the field marshall Morgan's most vulnerable point was the big steel trust and a crush ing campaign was organized against that stock It was pushed relentlessly for year Preferred was driven to 50 and the common to g. At the same time the Morgan credit at home and abroad was attacked viciously. He was assailed with such deadly effect that his sterling bills were one time at a discount in London. Morgan being a grand master himself in every phase of financial warfare made all haste, to put himself in shape. No one but himself will ever know the sacri- fees he made in that year of liquidation, but at it's conclusion he said to have had in cash in various parts of the world more than slO0o0o.0o0 for personal ac- count, besides being inpregnaby en- trcnched in every quarter. MT. Morgan proved himself entirely too strong and too resourcsefIl fer his opponents, but they certainly did lead him merry race.