Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1912-10-15
How 1t Was All Done.

To grasp these pregnant facts we
have only to recall little modern his
tory. In 1904 Mr.. Roosevelt had his
bureau of corporations In working or
der. Mr.. Cortelyou. lately in control
of 1t as secretary of commerce and la
Dor, had been made chairman Of the
national Republican committee. He
and Cornelius NJ Bliss, treasurer, were
collecting money. AS George R. Shell
don, Mr.. Bliss successor, says, 1874
per cent. of the funds received came
from the menaced corporations.
If we do not find In these disclosures
sufficient explanation Of J. P. Morgan
& Co.'S especial interest" In Mr..
Roosevelt's election, 1t is possible that
later events may reveal It.
Mr.. Roosevelt never prosecuted J. p.
Morgan & Co.'s steel trust. He en-
phatically stopped the proceedings In
stituted by others against J. P. Morgan
& Co.'S harvester trust. When the
panic Of 1907 was at It's height he turn
ed the resources of the treasury over
to J. p Morgan & Co., who used them
and made money and reputation by the
process He met Gary and Frick, rep
resenting ]. P. Morgan & Co.'s steel
trust, before breakfast one morning
and licensed them, in violation of law,
to absorb the Tennessee Coal and Iron
company, thus giving J. p. Morgan ds
Cos steel trust q monopoly Of high
grade iron ore. He put MIR. Bacon, a
partner of ]. P. Morgan & Co., into the
state department and the diplomatic
service. He made Herbert Satterlee,
]. P. Morgan's son-in-law, assistant
secretary of the navy. In letter to
Attorney General Bonaparte he tests-
fed feelingly to the virtues OF the
Morgan interests which have been so
friendly to US" Never before was the
public welfare" so cheaply protected.
Extent q Moroan's Interests.
The Morgan interests" are not con-
fined to j. p Morgan & Co. by any
means. The Morgan interests compre-
bend life insurance companies, banks
and trust companies, railroads and
manufacturing enterprises. II the par
ent house increased its regular Repub-
lican contribution in 1904 because OF
its especial interest" we may easily
imagine that the policy was widely
initiated by affiliated corporations and
individuals Perhaps In this almost I'M
exaInpled favor by the Morgan inter
ests we shall find an explanation OF
the Roosevelt administration hostility
to the Standard Oil interests, which
have not always agreed with ]. P.
Morgan & Co. concerning ''the welfare
of the public"
It may be that the senate committee
win be able to throw more light on
this point, but Il can hardly add any
thing to the scandal OF the Morgan
Roosevelt alliance. II was Mr.. Roose-
Welt who opened up to J. P. Morgan
& Co. the possibilities of government
nv big business. II was Mr.. Roosevelt
who persuaded ]. P. Morgan q Co. to
plunge deeply into politics 1t was Mr..
Roosevelt who, consulting the public
welfare" registered the DEGREES of J.
p. Morgan & Co. in the White House
Not until Mr.. Roosevelt had lost con-
troll of the Republican machinery and
the law providing for publicity Of cam
uaixn contributions had gone into ef.
feet ed J. P. Morgan & Co. disappear
from the list Of regular contributors TO
the colossal corruption funds Of ths
Republican party. Are J. P. Morgaa
4 Co. now operating politically under
cover on their recent partner, George
". Psrksnsf-Nsw York World