New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-10-06
PERKINS ANSWERS BRYAN
ReiterateS He Is Out of the
Morgan Firm for Good.
TAKES NEBRASKAN TO TASK
Says Neither Democrats Nor
Republicans Get Anywhere
with Days Problems.

George w. Perkins. financial hacker Of
the Progressive party, made public yes
terday a letter written by him TO William
Jennings Bryan, In reply to utterances
made by Mr. Bryan in campaign speeches
in Kansas
In his speech on Friday Mr.. Bryan
referred 10 Mr. Perkins as a patriot who
took rank over j. p. Morgan In meg
lecting business to elect President who
will look after the trust magnates chill
dren." Mr.. Bryan also questioned the
truth of the report that Mr.. Morgan and
Mr.. Perkins had really dissolved their
partnership. In reply to these assertions
Mr.. Perkins wrote. in part:
II / am patriot now, then l have
been one for very long time, for
your 10 to ! silver theories. | fought
you again to prevent the adoption OF
your now proven false theory that the
evils OF large business concerns could
be removed by splitting them up into
fractional parts. The verdict of the
American people four years ago was over
whelmingly against you on the latter
proposition. just as 1t was overwhelm-
jnGiy against you on the silver propo-
sition.
Mr. Taft and Mr. Wickersham went
directly back on their pledge to the
American people in the platform OF 1903,
on the corporation question. and pro-
ceeded 10 adopt your theory OF break
Ing up corporations into fractional parts;
and we now have the spectacle Of the
Standard Oil and Tobacco decisions,
which have made fabulous fortunes for
INSIDE stockholders in a few snort
months and substantially increased the
cost of product to consumers. Could
any one, have looked after the trust mag
mates children (as you put io better than
Messrs. Taft and WickerSham have, act
ing on the theories advanced by you?
is it not clear to you, therefore, that
am lighting your party and the old Re'
publican party because neither one gets
anywhere with the great problems of the
day: because neither one has suggested
anything that will eradicate from the
corporation question, so called, the evlis
that are in ii and preserve TO the people
the good there is in II?
You raise the question Of whether or
not / have really severed my banking
connections. insinuating thereby that whal
i have done Is simply make believe, that
there is a string to IL somewhere and that
II is a subterfuge You are entirely mis-
taken as to this. What / have done in
the way of severing my business connec-
tons has been done in absolute good falth.
They are severed completely. and for the
reason / gave at the time-viZ.. that i
wished to devote more time to work OF q
public and semi-public nature, in which !
am deeply interested. and TO have further
opportunity to extend the principles oil
profit sharing and other benefit plans. In
which | have long been interested and
which experience shows offer practical
solution of some of the difficulties exist
ing between capital and labor.
Nearly all my late business associates
are entirely out of sympathy with what
am doing, and all my political activities
have been undertaken solely on my own
initiative and because | have believed and
do now believe absolutely In the principles
for which | have been fighting from time
TO time.
Make no mistake ABOUT where ! stand,
Mr.. Bryan. ! am in this fight on princi-
ple: ! am In it against all the vagaries
and theories Of the Democratic party
past and present: / am in 1t against the
utter incompetency of the Republican
party as AT present constituted. and every
attack that is made on me simply spurs
me on to greater energy and determine
ton TO continue the fight until sane. pro
eressive principles. so sadly and sorely
needed in this country, are adopted ana
put into practice.