The Calhoun chronicle. [volume] (Grantsville, W. Va.) 1883-1984, 1912-10-29
SORDID TALE OF
T. RS FUND
Treasurer Sheldon and J. P. Nor
gan Tell Of Millions Sub
SCTibed In 1904
BIG FAVORS IN RETURN.
Frick, Gould and Morgan Gave 100000
Each-Corporatons Gave 73Ia Per
Cent of Entire Amount Received.

/ FLICK, GOULD and Morgan Gave Y1OOOOO
neutrality-suspicious. Gave 73I2 Per
Cent of Entire Amount Received.
John D. Archbold's statement that
the Standard Oil company contributed
100000 to Mr.. Roosevelt's campaign
fund in 1904 was confirmed by George
r. Sheldon. who succeeded Cornelius
n. Bliss as treasurer of the Republican
national committee.
Not only did the Standard Oil com
pany give 100000 to elect Mr.. Roose-
welt president. but ]. Pierpont Morgan
&c Co. gave 100000. II. G. Frlcl5 gave
100000 and George Gould gave auoth-
er 100000 Mr.. Sheldon testified that
1917 per cent OF Mr.. Roosevelt's total
campaign fund was contributed by cor.
porations.
Naturally these people gave their
money freely to the Roosevelt cam.
paign fund.
Testfying that he had contributed
/ $4,000 to the Roosevelt campaign
fund in 1904 because he was especial
~ interested" Mr.. ]. T. Morgan added,
THE only interest we had was in the
welfare of the public"
Mr.. Morgan emphasized his devotion
to Mr.. Roosevelt's political fortunes by
the further statement that j. p. Nor.
gan 81 Co.'S usual contribution to Re
publican campaign funds was only
+ Ia.
donation by his firm to the Democrats;
that when Mr.. Taft was candidate in
1908 the sum subscribed was 100000
and that this year neither he nor his
banking house had subscribed a dol.
lar.
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 ii 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. sars. 49, per
cent Of the funds received came from
the menaced corporations.
If we do not find in these disclosures
Il sufficient explanation of j. p. Morgan
& Co.'S "espcci, interest" in Mr..
Roosevelt's election, it 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.
sdtuted by others against ]. z. Morgan
Il Co.'S harvester trust When the
panic Of 1907 was at its height he turn.
ed the resources of the treasury over
to j. +. Morgan & Co, who used them
and made money and reputation by the
process. He met Gary and Frick, rep.
resenting J. z. 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 ]. r. Morgan &
Co.'S steel trust monopoly of high
grade iron ore. He put Mr.. Bacon. a
partner of j. T. Morgan q Co. into the
state department and the diplomatic
service. He made Herbert Satterlee
j. +. MorCan's son-in-law, assistant
secretary of the navy. In a letter to
Attorney General Bonaparte 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 Interests.
The Morgan interests" are not con-
fined to J. T. Morgan & Co. by any
means. The Morgan interests compre-
bend life insurance companies, banks
and trust companies, railroads and
manufacturing enterprises If the par
eut house Increased its regular Repub-
lican contribution I'm 1904 because Of
its especial interest" we may easily
Imagine that the policy was widely
initiated by affiliated corporations and
individuals Perhaps I'm this almost un.
ex4mpled favor by the Morgan inter.
ests we shall find an explanation Of
the Roosevelt administrations hostility
% the Standard oil interests. which
have not always agreed with J. r..
Morgan & co concerning "the welfare
OF the public"
lJ ulby DC lUHt fNc senate committee
VIII be able 10 throw more light on
this point, but It can hardly add any
thing TO the scandal Of The Morgan.
Roosevelt alliance 70 was SIR. Roose-
welt who opened mp 20 j. T.. MORGAN
e Co the possibilities of government
by big business TO was Mr. Roosevelt
who persuaded T. T. Morgan & Go To-
plunge deeply into politics 1t was SIR.
Roosevelt who. consulting "tho public
welfare" registered the DEGREES of 7.
r Morgan & Co. On the White House.
Not until Mr. Roosevelt had lost con
troll OF the Republican machinery and
the law providing for publicity of cam
pnign contributions had gone into or
feet did J. T.. Morgan g. Co disappear
from tie list Of regular contributors TO
Che colossal corruption funds of The
Republican party Are ,. p. Morgan
& Co. low operating politically under
cover q their recent partner George
w. PeTxins?-New York Worth