The citizen. (Frederick City, Md.) 1895-1923, 1912-09-20
MORGAN WON.

All ofthe great financial interests con-
tributed large sums in 1904 to buy the
friendship Of tie Roosevelt administra-
ton, saws the New York World edi-
torially Of recent date. !. Perpont Nor
gan won and Edward Hartman and the
Standard Oil Company lost.
No definite Information has ever been
obtained as to the total amount of the
Morgan bid. One partner. Mr. Stotes-
bury helped to collect the Roosevelt
campaign fund in Pennsylvania. An
other partner, Mr.. Perkins, helped to
collect the Roosevelt campaign fund in
New York. 1t was through Mr.. Per-
kins that the money of the New
York Lite Insurance Company was
poured into the Roosevelt campaign
chest. Mr.. Prick. who is associated
with Mr.. Morgan in the railroads and
also IN the Steel Trust, raised an add.
tlonal 500, 600 10 make good any losses
that the Roosevelt campaign chest suS-
tanned as result of the Standard Oil
incident. Mr.. Morgan's own contribu-
tons are still secret
This much is certain: The Morgan in
terests, (Which have been so friendly to
us, were certainly lavish in financing
the Roosevelt campaign, and the Nor
gan interests were always protected BY
the Roosevelt Administration. which
took them into partnership with the
United States Government.
When the Roosevelt panic came in
1907 the United States Treasury was
turned over to Mr. Morgan, who loaned
the money of the American people at
very reasonable rates." to the frantic
stock gamblers Of Wall street.
When Mr.. Morgan and his associates
asked Mr. Roosevelt for permission to
acquire the Tennessee Coal and Iron
Company, for the Steel Trust this con-
sent was instantly granted Mr.. Roose-
welt not only licensed the merger but he
is still one OF its most ardent defenders
When Mr. Morgan and his associates.
| in the way OF further profit from the
| panic, undertook to acquire the coast
wise steam ship lines for the New Haven
Railroad, the power of the Roosevelt
| Administration again came to their aid
! Although the Clamor raised by the Bos-
| ton and Maine deAl subsequently, made
II advisable for Mr.. Roosevelt's Attorney
! General to begin farCial proceeding
| against the New Haven. "the bill of COM
| plant omitted any reference to the traffic
monopoly obtained through the purchase
OF the coast wise steam ship lines" As
this was the only real violation Of the
! Interstate Commerce Law involved in
the New Ravens policy, the case col.
! lapsed.
When the Harvester Trust was in
! danger Mr.. Roosevelt again went to Mr..
! Morgan rescue and ordered the At
torney- General to take no action without
consulting the White House AS for the
! Steel Trust, Mr.. Roosevelt not only pro-
teCted it from prosecution but he was
also an unyielding bulwark Of defense
against any tampering with the tariff
duties which sustain that billion-dollar
corporation.
In the way of further rewards to Mr.
Morgan for service. Robert Bacon, one
OF Mr.. Morgan's partners, was appointed
Assistant Secretary OF State in the Roose-
welt Cabinet, and Herbert L. Satterlee,
Mr.. Morgan's son in-aw, was made As
slstant Secretary OF the Navy.
On the other hand. the Standard Oil
Company received nothing in return
for its paltry SGoo, 900. 1t was as bad of
as the Tobacco Trust, which refused to
contribute $Ioo, 900. Both were promptly
prosecuted by the Roosevelt Admins
tration. Mr.. Harriman's $500, 900 availed
him nothing, for in 1906, he refused to
give up any more money to elect a
Roosevelt Congress and he also made
himself a menace to Mr.. Morgan AS a
result Mr.. Hartman straightway became
an undesirable citizen" whom the
Roosevelt Administration pursued ruth
lessly, although inetfectively.
The Standard Oil contribution and the
! Hartman contribution to the campaign
fund totalled $500, 900. What then must
have been the value of the Morgan seru-
ices to Mr.. Roosevelt in 1904 that the
whole power of the Roosevelt Admins
tration and of the United States Govern
ment should henceforth have been en-
ployed to make J. Pierpont Morgan
Master OF Wall Street?