Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1912-10-25
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,iIs ) | ORG ! J I:
6Qo|'l'E';s' ! y \ |
.sOR R | / TALE ! |. | OF / |
7. RS fund u ].

BJVS3OUs ~ Sss~s0VsS sssuA % sssVt.1
gan Tell Of Millions SUBJ /
scribed In 1904. !
a
BIG FAv0RS IN Return
Frlck, Gould and Morgan Gave 500, ooQ
neutrality-suspicious. Gave 1914 PEI
Cent. Of Entire Amount Received /,
John D. Archbold's statement that
the Standard Oh company contrtbute4
100000 to Mr.. Roosevelt's campaign
fund in 1904 was confirmed by George
r. Sheldon, who succeeded Corneiua
N. Bliss o. treasurer Of the Republican,
national committee. i
Not only did the Standard Oh couT
pany give 100000 to elect Mr.. Roos<4
welt president, but J. Pierpont Morgan
& Co. gave 500. 900. H. G. Frick gavf
$100.000 and George Gould gave anotAs
er 100000. Mr.. Sheldon testified that
73h per cent Of Mr.. Roosevelt's total
campaign fund was contributed BY eo1i
porations.
Naturally these people gave thG1f
money freely to the Roosevelt amt
paign fund. !
Testifying that he had contributed
$16o,00o to the Roosevelt campaign
fund In 1904 because he was "espoetak
~ interested" MI. J. p. Morgan addedt
"The only interest We had was n ~
welfare Of the public" I
Mr.. Morgan emphasized his devot1e3
to Mr.. Roosevslt's political fornn4e h
tho further statement that J. P. 1eq
gan & Co.'S usual contribution tQ Re-
publican campaign funds was oal1
800, 900; that he never heard of aa1
donation by his firm to the Democretsd
that when Mr.. TAFT was q candidate
1908 tho sum subscribed was }soooQ
and that this year neither he mgr hia~
banking house had subsoztbaa 4 dQb
lar. lux
How Il Was All Done. ~
To grasp these pregnant facts We
have only to recall little modern his4
tory. In 1904 Mr.. Roosevelt had hia
bureau Of corporations in working or
der. Mr.. Cortelyou, lately In control
Of It as secretary of commerce and Ia
| IN m M - ~
national Republican committee. He
and Cornelius N Bliss, treasurer, were
collecting money. AS George r. Shell
don, Mr. Bliss successor, says, 73H
per cent of the funds received came
from the menaced corporations.
If we do not find in these disclosures
sufficient explanation of J. P. Morgan
& Co.'s especial interest" in Nh
Roosevelt's election, it is possible tha$
later events may reveal it.
Mr. Roosevelt never prosecuted ]. F;
Morgan & Co.'s steel trust. He emu
phatically stopped the proceedings in,
stituted by others against ]. P. Morgan
& Cos harvester trust. When the
panic of 1907 was at it's height he turn
|
to J. P. Morgan & Co., who used them
and made money and reputation by the
process. He met Gary and Frick, rep
resenting J. 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 q
Co.'S steel trust . monopoly Of high
grade iron ore. He put Mr.. Bacon, q
partner Of ]. P. Morgan 4 Co., into the
state department and the diplomatic
service. He made Herbert Satterleek
J. p. Morgan's son-in-law, assistant
secretary Of the navy. In letter to
Attorney General Bonaparte he testt'
fed feelingly to the virtues Of tho
Morgan interests which have been 80
friendly to U.s." Never before was tho
public welfare" 50 cheaply protected,
IT, Extent Of Morean's Interests.
l.
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 ana
manufacturing enterprises. II the par
ent house increased its regular Repub'
lican contribution in 1904 because OF
it's especial interest we may easily
imagine that the policy was widely
initiated by affiliated corporations and
individuals. Perhaps in this almost I'M
exampled 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 VIII VIII 4 Z:
Morgan q Co. concerning the wsatllQ
Of The public: - i
It may be that the senate committee
viii be able to throw moro light on
this point, but 1t can hardly add any
thing to the scandal Of tho Morgan
Roosevelt alliance It was Mr.. Reoso'
volt who opened up to ]. p. Morgan