Duncan Arizonian., 1912-12-04
.SORDID TALE OF
7. RS FUND
Treasurer Sheldon and ]. P. Nor
gan Tell of Millions Sub
scribed in 1904.
BIG FAvORs i'm RETURN

Frick, Gould and Morgan Gave $100,0OC
Each-Corporations Gave 73Na Per
Cent. Of Entire Amount Received.
John D. Archbolds 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 cosa-
pany give 100000 to elect Mr.. Roose-
welt president, but J. Pierpont Morgan
& Co. gave 100000, H. c. Frick gave
100000 and George Gould gave anoth-
er 100000. Mr. Sheldon testified that
1914 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
Testifying that he had contributed
$150,000 to the Roosevelt campaign
fund in 1904 because he was especial
ly interested" Ms. J. P. Morgan added,
1.-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 ]. P. n |.
gan & Co. S usual contribution to 3
publican campaign funds was O. ly
100000; that he never heard of my
donation bYhis firm to the Democra );
that whenH4 Taft was candidate IN
1908 the sum subscribed was $50 90
and that this year neither he nor lis
banking house had subscribed dol-
lar.
Kow 1t Was All Done.
To grasp these pregnant facts we
have d lily to recall little modern MIS-
tory 1904 Mr.. Roosevelt had his
bureau Sof corporations in working or
der. ar Cortelyou, lately in control
Dor, had been made chairman of the
national Republican committee. He
and Cornblius N. Bliss, treasurer, were
collecting money. AS George r. Shel-
don, Mr. Bliss successor, says, 73M
per cent. of the funds received came
from the menaced corporations.
If we do not find in these disclosures
a sufficient explanation of j. p Morgan
&eCo.'s especial interest" in Mr..
RooseEelt's election, it is possible that
later events may reveal it.
NJ. Roosevelt never prosecuted j. r.
Morgan & Co.'s steel trust. He en-
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
ed the resources of the treasury over
to j. F. 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 &
Co.'S steel trust monopoly of high
grade iron ore. He put Mr.. Bacon, a
partner of ]. 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 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 Morqan's Interests.
The Morgan interests" are not con-
fined to j. p Morgan & Co. by any
means. The Morgan interests compre-
hend life insurance companies, banks
and trust companies, railroads and
manufacturing enterprises If 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 affiliated corporations and
1AOAF lA0NAo. L maps III lSSdlInOOL uil-
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
1t may be that the senate committee
IL
this point, but it can hardly add any
thing to the scandal of the Morgan
Roosevelt alliance. 1t was Mr.. Roose-
welt who opened up to ]. P. Morgan
& Co. the possibilities of government
by big business 1t was Mr., Roosevelt |
who persuaded j. P. Morgan & Co to
plunge deeply into politics 1t was Mr..
Roosevelt who, consulting the public
welfare" registered the DEGREES of J. |
p. Morgan & Co. in the White House. |