The Greenville journal. [volume] (Greenville, Ohio) 1850-1918, 1912-02-29
THE INTENTIONS
OF The TRUSTS
George Washington Perkins Is
Their Distributing Agent.
SOUREO LEADERS SENT FOR

hOOSGNGU vi OOSN
Columbus, O., Feb. 27.-Mr. George
Washington Perkins having suddenly
become a parsonage Of importance In
national affairs through his handling
the funds furnished to defeat the re-
nomination of Mr.. Taft by the 40 mil
l!onaires suffering from prosecution,
1, is fitting that he be introduced.
Beginning as an Office boy in the
New York Life Insurance company in
Chicago, his ascent has been as re-
markable as that Of the lad in simi'
lar position who became "the ruler OF
the queens navie," as recited In
"Pinafore." He, in the western office,
showed ability so unusual in organiz-
ing agencies that he was transplant
ed to New York, and as vice presl-
dent of the New York Life had con-
troll of it's agencies throughout the
Union and some continents besides
That is to say, he was the complete
cheese. for all the business OF a life
insurance company, except the mathe-
matics, is in its agencies, Incident
ally, he controlled the money which
fond fathers from everywhere were
sending to be held for the protection
Of loved ones, and there were $4OO,-
GOO 900 of it-with which the Nor
gans loved to toy.
Some facts about the hundreds OF
millions so held, and their use by
Wall street speculators were pub
lished in the investigation which
made Hughes famous.
Morgan Hires Him.
Now, it fell out that Mr.. J. Pier
pont Morgan desired to get rid Of a
speedily acquired surplus by invest.
ments in pre-Raphaelite Madonnas,
sacred worries Of the Hindoos and the
like. To that end he must secure a
partner competent to control his
enormous business organization dur
ing his protracted absences. Who
Lut Perkins? And Perkins made good.
Summer before last, when Mr.. J. P.
was exchanging new-made gold dol
lars for old-made gobelin tapestries
| in Paris, the market reports showed
"Steel common" which constituted
the hundred millions Of profit in his
formation of the Steel trust, and
which he had sold to a grateful pub.
lie, to be umbling-tumbling from 80
odd to about 40. His honor, such as
| IL is, was bound to support the price
Of this stock, for customers had
bought 1t through his advice. The
standing Of the house Of Morgan,
built Of gold bricks, was in danger,
He boarded a ship with three pro-
| Lellers and arrived in New York one
noon time. John w. Gates and the
house of Morgan had formed a pool
to raid "Steel common" George W
had sold short $2O,OO0,OOO of it and
made quite a successful gamble.
His Exit.
Next morning there were flowers
on George Washington's desk, and
crepe. He then announced that he
lad retired from business to devote
his life to the concilliation of the diff
ferences between capital and labor
and he delivered several lectures or
the subject, one OF them in Cleveland
but he was and is the financial officer
of the Harvester trust, which is iI
the throes of dissolution from attacl
by President Taft, and a director o.
the Steel corporation, against which
dissolution proceedings have been in
Etituted.
Mr.. Perkins present pleasant duty
is the defeat Of Mr.. Taft for renomi
nation not because trusts hate
Roosevelt less, but because they hatC
Taft more. The Colonel started thu
fire under the trust ofAcials, but tht
Judge is holding them on the griddle
The amount Of money the lawles:
trusts can afford to furnish leaderl
for developing opposition that will
defeat Taft is too large for any minC
but that Of trust former to grasp
The capital of the trusts under prose
cution exceeds four billion dollars
The Steel trusts net profit for thu
three months ending with Decembe
were $23, 100000, and that alone would
finance several presidential cam
paigns.
His New Jobs.
Mr.. Perkins is inviting to New
York disappointed and discrediteC
Republican leaders from all over tn,
Union, and offering money for th'
election Of anti-Taft delegates to thu
national convention. First he finance;