The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1912-10-18
How 1t Was All Done.

To grasp these pregnant facts we
have only to recall a little modern his
tory. In 1904 Mr.. Roosevelt had his
bureau of corporations in working or
der. Mr.. Cortelyou, lately in control
Of 1t 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, 79h
per cent. Of the funds received came
from the menaced corporations.
If W. do not find in these disclosures
a sufficient explanation Of ]. P. Morgan
& Co.'s especial interest" in MT.
R~oosevelt's election, 1t is possible that
later events may reveal It.
Mr.. Roosevelt never prosecuted j. P.
Morgan G. Co.'s steel trust. He en-
phatically stopped the proceedings In
stituted by others against ], P. Morgan
& Co.'S harvester trust When the
panic Of 1907 was at its height he turn
ed the resources Of the treasury over
to ]. P. 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 ]. P. Morgan &
Cos steel trust a monopoly of high
grade iron ore. He put Mr.. Bacon, q
partner Of ]. P. Morgan & Co, into the
state department and the diplomatic
service. He made Herbert Satterlee
]. P. Morgan's s~on-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 sc
friendly to u.s." Never before was the
public welfare" 30 cheaply protected
Extent Of Morgan's Interests.
The Morgan interests" are not con
fined to ]. P. Morgan & Co. by any
means. The Morgan interests compre
bend life insurance companies, banks
and trust companies, railroads anC
manufacturing enterprises. If the par
ent house increased It's regular Repub
lican contribution in 1904 because O
its especial interest" we may easill
imagine that the policy was widely
initiated by affiliated corporations anC
individuals, Perhaps in this almost un
exampled favor by the Morgan inter
ests we shall find an explanation 0
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 committe,
will be able to throw more light Oh
this point, but it can hardly add any
thing to the scandal of the Morgan
Roosevelt alliance. It was Mr.. Roose
welt who opened up to ]. P. Morgan
& Co, the possibilities Of government
by big business. It was Mr.. Roosevelt
who persuaded J. P. Morgan & Co. Il
plunge deeply into politics. It was Nj
Roosevelt who, consulting "the publ
welfare" registered the DEGREES Of J
| P. Morgan & Co. in the White House
Not until MI. Roosevelt had lost cor
, troll If tho maob{nar,+ an,
I the law providing for publicity of can
paign contributions had gone into Ell
feet did j.. P, Morgan & Co. disappea
from the list of regular contributors +
the colossal corruption funds of tn
Republican party. Are J., P. Morgal
q Co. now operating politically unde
cover Of their recent partner, Georg
W. Perhns2-New York World.