Bisbee daily review., 1912-10-29
How IT 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 it as secretary OF commerce and la
Dor. had been made chairman Of the
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.
II We do not find in these disclosures
a sufficient explanation OF ]. p Morgan
& Co.'S especial interest" in Mr..
Roosevelt's election. it is possible that
later events may reveal it
Mr.. Roosevelt never prosecuted ]. P.
Morgan & Co.'S steel trust He EN-
phaticaIly stopped the proceedings In
stituted by others against J. P. Morgan
& Co.'S harvester trust. When the
panic Of 1907 was at its height he turn
ed the resources Of the treasury over
to ]. p. Morgan q Co, who used them
and made money and reputation by the
process. He met Gary and Fr!ek. 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 x
Cos steel trust a monopoly OF high
grade iron ore lie put Mr.. Bacon. a
partner OF J. p Morgan & Co. into the
state department and the diplomatic
service. He made Herbert Satterlee,
J. P. Morgan's son-in-law, assistant
secretary Of the navy In q letter to
Attorney seneral BonapaTte he testi-
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 of Morgan's Interests.
The Morgan interests" are not con-
fined to J. p Morgan & Co. by any
means. The Morgan interests conpre-
bend life insurance companies. banks
and trust companies. railroads and
manufacturing enterprises. II the par
ent house increased It's regular Repub-
lican contribution in 1904 because OF
its especial interest" we may easily
imagine that the policy was widely
Initiated by affliated 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 with J p.
Morgan & Co. concerning the welfare
OF the public"
II may be that the senate committee
will be able to throw more light on
this point. but Il can hardly add any
thing 10 the scandal OF the Morgan
Roosevelt alliance. Il was Mr. Roose-
welt who opened up to J. P. Morgan
& Co. the possibilities OF government
BY big business. II was Nr, Roosevelt
who persuaded J. p Morgan & Co. to
plunge deeply into politics. It was NJ.
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
paign contributions had gone into e.
feet did J. P. Morgan a Co. disappear
from the list OF regular contributors TO
the colossal corruption funds Of the
Republican party. Are = P. Morgan
& Co. now operating politically under
cover Of their recent pa. -ner. George
W. Perkins?-New York World