Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1908-10-07
TRUSTS favor TAFT
.INrEREsrsr ARE srRohoLy
REPRESENTED ON THE REpuD.
LlcAN COMMITTEE.
SHELDON OFFICIAL FAT FRYER
LIST OF THOSE FROM WHOM III
GOT CONTRIBUTIONS.


Republican Treasurer 10 Director In
Twenty-one cerporatIons-Raised
Big Fund In 1s0e-Recommend
ed by Standard OIL Attorney.
Chicago, September Especially I'm
with the controversy which
the president has raised as to whether
the trusts and financial concerns arc
most interested in the election Of Mr..
Taft or Mr.. Bryan, the Democratic ma
tional committee calls attention to .
few of the controlling spirits in the
Republican committee who are active
ly interested in trusts and monopo-
lies.
At the head Of. the. list stands George
R. Sheldon, treasurer OF the RepIb-
lican national, committee. Mr.. Shell
don's selection for this important post
OF oflcial fiat fryer" was made upon
OF William Nelson
Cromwell. the great corporation law
yer of Wall street, attorney for the
Panama Canal Company. e. H. Har-
riman, the Standard OIL Company, the
sugar trust, Kuhn, Loeb & Co., bank
ers and brokers, and other favored In
terests. Almost Immediately after his
appointment Mr.. Sheldon is reported
to have received contribution from
Mr.. CROMWELL, amounting to $4,000.
Mr.. Sheldon 10 q multi-millionaire,
the active head Of the banking firm Of
w. c. Sheldon & Co., Q Wall street.
According to the Directory Of Di-
rectors" for the present year, Mr..
Sheldon's name appears as director
In the following corporations:
American Locomotive Company,
American Locomotive Automobile
Company, ~
Bethlehem Steel CORPORATION.
Cincinnati SeRf$Ho<n Railroad Com
pany, ssssgsss
Detroit Edison Company,
Electrical Securities Corporation.
Laclede Gaslight. Company,
Locomotive and Machine Company
of Montreal Cimited),
Locomotive Security Company,
Metropolitan Trust Company,
Milwaukee Electric Railway and
Light Company,
Milwaukee Light, Heat and Traction
Company,
NdlAOudl SOPpCl U0uAp
New Jersey Terminal Dock and
Improvement Company,
North American Company,
Republic Steel and Iron Company
of New Jersey,
Rogers Locomotive works,
st. Louis Traction Company,
Union Bag and Paper Company of
New Jersey,
Union Electric Light and Power
Company,
Union Electric Light and Power
Company Of st. Louis.
Mr. Sheldon's connection with the
locomotive trust places him In con-
nection with the railroads Of the coun.
\ try where he Is able to procure their
campaign contributions. He is also Q
confidential agent of ]. Pierpont Nor.
gan in his Wall street deals. and as
sisted in the formation Of the Ship
Y building trust. His North American
/, Company controls the traction inter
4 ests of st. Paul and Minneapolis. He
is president of the Union League club,
of which Rockefeller. Morgan, Car.
negie and other powers in Wall street
are also members. He is also said
to be a member Of 20 other clubs
whose membership includes practi.
cally all OF the operators In Wall
street.
In 1906 Mr.. Sheldon was treasurer
of the New York state Republican
committee, and succeeded 50 well ID
frying the fat from the interests thai
Mr.. Cromwell recommended him for {
similar job with the national commit
}, tee. According to the sworn state
ment of Mr.. Shelton, published aftel
the campaign, he raised $3.50, 1880
chiefly from these interests.
The following is partial list Of tn
contributors az shown in Mr.. She
dOn's statement:
D j. Pierpont Morgan, Wall street
Il banker and promoter. ...... 800 90
Levi P. Morton, banker. Wall
street ................... 2O,O0
\ John d. Rockefeller of Standard
Andrew Carnegie ............. 500
Chauncey M. Depew, railroad
and Standard OIL senator. 800. 500
j H. r. Hollins, fnancier. .... 500
!, Jacob H. Schiff, favored banker. $50
Harvey Fisk & Sons. bankers
, and brokers .............. $50
> Kuhn, Loeb & Co, bankers and
{ fiscal agents. ................ ESQ
]. & w. Seligman & Co., bank.
ers and fiscal agents. .... $50
Charles w. Schwab, steel trust
j and other trust corporations. 200
G. r. Mackey, Postal Telegraph
n company ................... zoo
y John w. Gates. stock gambler
and trust operator .......... 200
w. =. Corey, President U. 8.
- Steel Corporation. ........... 200
:. w. G. Sheldon & Co., bankers
and fiscal agents. .......... 200
John Jacob Aston, tenement
u house owner ............... 100
:, William Nelson Cromwell, trust
! lawyer ..................... 100
: Cornelius Vanderbilt, railroad
terests Observation-Disclosures. 100
), W. X. Vanderbilt. Jr., railroad
interests .................. 100
Edwin Gould. railroad interests. 100
w. F. Havemeyer. sugar trust. go
, B. N. Duke. tobacco trustee. so
u. u. Mills. .................. so
H. M. Flagler, Standard Oil. go. so
: Arbuckle Bros. coffee trust.... so
Henry Clews, Wall street banker 25
This is only a partial list Of tn
trust magnates and financiers VIII
contributed to Mr.. sheldon's fund
) An index as to how much more MI
Sheldon may be able to raise from
these interests for the national can
; .paign the fact may be cited that MI
Cromwell gave $1,000 to the stat
fund. and increased the amount Il
$4,000 for the national campaign.
Fred w. Upham of Chicago 10 a
sistant treasurer Of the Republican
, national committee. He is a million
aire several times over, and mem
Der of the state board OF review 0
Illinois. which passes upon the amour
: of taxes which corporations an,
large estates shall pay In that state
g He is director in several corpors
tons, and is in charge of the colIec
ton Of campaign funds in the west.
t On August 81. 1908, after bis ~
pointment as assistant treasurer o
the Republican committee Mr.. Uphan
> sent out thousands Of letters to col
pOratiop oMclals whose taxes M