The Barre daily times. (Barre, Vt.) 1897-1959, 1911-10-07
]. P. MORGAN
TO CRUSH TAFT
Will Oppose His denomination
For Presidency
THE FINANCIER IS BITTER
Because of Presidents Stand on the
Trust Issue--Ready to Fight the
President to Finish in Po-
litical Battle.
THE FINANCIER IS BITTER

Washington, Oct Postmaster Cen
eral Hitchcock has returned from the
aviation meet in New YORK with the
knowledge that if President Taft is
renominated and reelected it will have
to be in the face of the house of Nor.
gan. Not only has notice been served
on the Taft leaders that they need not
expect any financial help from J. Pier
pont Morgan and the men who are ac-
lively allied with Morgan in big bus
mess. but the word has gone out from
Mr.. Morgan himself TO make war on
Taft
From reliable quarters comes the news
that when Postmaster General Hitchcock
went to New York TO attend the avia-
ton meet he sounded certain of the
lieutenants of Mr. Morgan as to wheth-
err contributions would be Forthcoming
TO help re-elect Mr.. Taft. Instead Of
getting aid and comfort. or the prom
Use of any, it is declared that Mr..
Hitchcock was turned down cold.
In effect the word has gone forth
from j. Pierpont Morgan himself that
there Is time to make peace and a
time to fight, and now is the time to
fight
II is not without reason that for
some days past strange rumors have
been fitting about in high political cir
cles here that Wall street has turned
against President Taft. So far as the
powerful influence OF Mr.. Morgan is
concerned this is true. Mr.. Morgan is
displeased over the attitude of Presi-
dent Taft with respect 70 the trusts
and combinations. II will be recalled
that in recent months men like George
w. Perkins. Judge +. II. Gary Of the
steel corporation and others have urged
persistently that the Sherman law be
amended and that legislation be worked
out TO permit great combinations of
capital to exist under the sheltering SUI
pervision Of the government.
In contrast, President Taft has not
only said the Sherman law is in no
need OF amendment but he has gone
further than this He gives utterance
in his Waterloo speech to what is
interpreted by Mr.. Morgan and his pow
erful allies as notice that they must
either submit to reorganization of the
combinations they control or prosecu-
tions will be relentlessly carried on. At
torney General Wickersham has taken
an incorporating attitude with re-
spect to the rigid enforcement Of the
Sherman law and Is insistept that trust
magnates who. violate ii be thrown into
prison,
Under such circumstances, Mr.. Nor
gan and the men about him are not
only preparing to resist Taft, but they
are giving attention to the question OF
what man to put into the White House
to succeed him. They do not expect
to be able to prevent the denomination
of the president. They do expect TO be
able to prevent his reelection.
Governor Judson Harmon il the first
choice Of the powerful financial group
of which Morgan is the centre. But il
appears that this group has done some
casting about TO ascertain the strength
of Harmon. Harmon is regarded as an
ideal man for president. His record of
Of the Sherman law when
he was attorney general is sufficiently
devoid of anything strenuous to satisfy
Mr. Morgan and his friends. But Gov
ernor Harmon would be useless if de-
feated, and it is feared that progress
sive sentiment in the country is so
strong that Harmon would 90 down to
sure defeat.
Coincident with the strange rumors
are arising that the Harmon leaders are
AT the same time there
is increasing talk of Representative 0s-
car Underwood Of Alabama chairman
OF the ways and means committee. 1t
IS said that Mr.. Morgan and his friends
look on Underwood as not only the
right kind of a man, but that they
regard him as much stronger in capac-
ity to get votes than Harmon. Besides,
there is the question Of the nomina
ton The strnnnth of ANilsnn 10 s1inh