The citizen. (Frederick City, Md.) 1895-1923, 1912-10-18
SORDIO TALE OF
7. 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 $4,000
Each-Corporations Gave 73la Pc
Cent of Entire Amount Received.
John D. Archbold's statement tina
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 j. Pierpont Morgan
& Co. gave 100000, H. G. Frick gave
100000 and George Gould gave anoth
er 100000 Mr.. Sheldon testified that
1872 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
$1j0O0O to the Roosevelt campaign
fund in 1904 because he was especial
ly interested" Mr.. J. P. 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. 2. Nor
gan & Co.'S usual contribution to Re
publican campaign funds was only
100000; that he never heard of any
donation by his firm to the Democrats;
that when Mr.. Taft was a candidate in
1908 the sum subscribed was $4,000
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
uCl. MI. wi lCig Ou, lately III SOullOl
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, 731a per
cent of the funds received came from
the menaced corporations.
If we do not find in these disclosures
a sufficient explanation of j. 2. Morgan
& Co.'S especial interest" in Mr..
Roosevelt's election, it is possible that
later events may reveal it.
Mr. Roosevelt never prosecuted J. P.
Morgan x Co.'S steel trust. He en-
phatically stopped the proceedings in
stituted by others against j. 2. Morgan
& Co.'S harvester trust. When the
panic of 1907 was at its height he turn
ed the resources of the treasury over
to j. Z. 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. 2. Morgan 4
Co.'S steel trust a monopoly of high
grade iron ore. He put Mr.. Bacon, Il
partner of J. p. Morgan & Co, into the
state department and the diplomatic
service. He made Herbert Satterlee.
]. p. Morgan's son-in-law. assistant
secretary Of the navy. In q letter to
Attorney General Bonaparte he testi-
fed feelingly TO the virtues of the
Morgan interests which have been so
friendly to rs" Never before was the
"pubic welfare" so cheaply protected
Extent Of Morgan 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 its regular Repub-
lican contribution in 1904 because of
it's Sespecial interest we may easily
imagine that the policy was widely
initiated Inv affiliated corporations and
individuals Pertains in this almost I'm.
avomnlad fsvor Inv fha Morgan iptp~.
esfs we sb.ll find mn explanation of
the Roosevelt administration hostility
to the Standard Oil interests. which
have NOT alwovs AGREED with ] r
Nforoop &. ~ concornir,, "tbe welfare