Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1912-08-16
SPECIAL CORRESPONDENCE.
BY CLYDE H. TAvENNER.
Washington. D. c., August Ii, 1912.

Washington. D. c., August II. 1912.
George W. Perkins in the chair"
This quotation does not refer to Mr.. Per-
kins in the chair at the Chicago Moosefelt
convention. On the contrary, it is taken
from the minutes of a meeting of the fl
nance committee of the steel trust, held
April 5th, 1904, at which it was decided
that subsidiary companies of the steel trust
manufacturing half finished articles should
not sell the same to competitors of the trust.
(See page 1913 Stanley steel report.)
This is only one of the revelations contain
ed in the report of the Stanley steel trust in
vestigating committee. one of the most able
and remarkable documents of the decade.
The Stanley report, in addition to indict-
ing former President Roosevelt for permit
ting the steel trust to obtain absolute domi-
nation of the steel industry, reveals beyond
successful contradiction how George W.
Perkins came into possession of the colos-
sal fortune that he is now spending to
finance the Roosevelt third-term move
ment.
SOURCES Or PERKINS MILLIONS.
Here is the story of Perkins wealth: To
start with, Mr.. Perkins made some of his
millions by capitalizing thin blue air into
millions Of dollars of real money.
He made more millions by getting a
monopoly of wire nail manufacturing plants
and forcing the American farmers to pay
$3.50 per keg for nails for which they
formerly paid from $l.25 to so per key
(See page Stanley report.)
Then he made more by forcing the
thousands of workers in the blast furnaces
of his steel mills to work IL hours day,
seven days week. and 365 days year.
As postscript to the above information
the following history of Mr.. Perkins may
be of interest to many at this time Mr..
| Perkins was the chief aid and cO-schemer
of j. Pierpont Morgon while the latter was
in the years between 1900 and 1911 throt-
Ting business in every direction. 1t was
Perkins who, as Morgan's business partner,
showed Morgan how to dominate the boards
of directors of all the great railroads, banks
and trust companies. express, telephone
and telegraph companies, steamboat lines,
insurance companies, and all the great in
dustrial trusts. to the end that Morgan now
has a strangle hold on a corporate wealth
equal to one-third of the wealth of the
nation.
CAMPAIGN Book Our Soon.
The Democratic National Campaign Book
for 1912 will be ready for distribution about
August 20. Advance proofs already out
show il to be probably the best publication
of its kind ever issued. II will be COM
plete handbook on the tariff and every
issue that will figure prominently in the
approaching campaign. Every Democratic
worker in the United States ought to have
this book. The price is to remain at rs
cents, the amount asked for the campaign
books Of previous years. Orders should be
sent to Hon. James T. Lloyd. Chairman
National Democratic Committee, Washing
ton, ID. C. This being presidential cam
paign year, 1t is anticipated there will be
an unusually heavy demand for the books
and it will therefore be well for those de-
string copies to write Mr.. Lloyd immedi-
ately.
1T is my hope" said Mr.. Lloyd today,
that prominent Democrats will get togeth-
er in the towns and cities and club their
orders. so that we may ship as many as
possible to one address, and thus conduct
the mailing department at the least posi-
BILE expense.
AS Mr.. Lloyd's committee is endeavoring
to make its campaign wholly on funds sub
scribed by the people. every endeavor Is
/
Congressional Committee is short of funds
and contributions. however small, will be
useful. Checks should be sent to Chair
man Lloyd.
STANLEY DESERVES CREDIT.
Congressman A. 0. Stanley. of Kentucky,
chairman of the committee of the House
of Representatives which investigated the
steel trust, deserves great credit for the
systematic and highly capable manner In
which he conducted the inquiry.
The cost Of the entire investigation was
but $4,000. This amount is in striking
contrast to the cost Of some of the investi-
cations under the Republicans. notably that
Of the immigration question at an expense
to the people Of more than 100000.
Mr.. Stanley saw to it that there were no
personal excursions or junkets with the
money appropriated for the probe of the
steel corporation He was willing to spend
money for all necessary expenses, but was
careful that not dollar was squandered.
1t will be recalled that the investigators
Of the immigration question spent their
appropriations like water, touring Europe
in the most luxurious style, visiting at
government expense all the prominent
places Of interest, even journeying to the
pyramids In Egypt.
Mr.. Stanley's name will 60 down in his
tory along with the masterful report of his
committee, and he and the members of the
committee who cO-Operated with him de-
serve well in the estimation Of the Ameri-
can people for work well done.
PER CAPITA WEALTH
Sixty years ago the per capita wealth in
the United States was $3O7 today II Is
about $1,000. an increase Of about 500
per cent. While the per capita wealth has
greatly increased, the distribution Of II has
been most unequal Sixty years ago we
had few milliOnaires and few paupers ;
today we have too many Of both. and both
are still on the increases.