Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1912-08-15
WASHINGTON LETTER
WASHINGTON, D. c., Aug. 10, 1912

This question does not refer to
Mr.. Perkins presence ia the chair at
Chicago Moosefelt Convention. On
the contrary, it is taken from the b.
nance committee Of the steel trust
held April 9th, 1904, at which it was
decided that subsidiary companies
of the steel trust manufacturing
half finished articles should not sell
same to competitors of the tru-t,
(See page 1903 Stanley steel report
This is only ore Of the revelations
contained in the report OF theStanley
trust investigating committee, one OF
the most able and remarkable docu-
ments OF the decade.
The Stanley report, in addition TO
indioting former President Roose-
welt br permitting the steel trust to
obtain absolute domination OF the
steel industry, reveals beyond sue.
cessful contradiction how George w.
Perkins came into possession OF the
colossal fortune that no is pow
spending to finance the Roosevelt
third term movement.
Here is the story Of the Perkins
wealth: To start with, Mr.. Perkins
made some Of his millions by capita,
lizng thin blue air into millions Of
dollars Of real money.
He made more millions by getting
a monopoly Of wire nail manuiactur-
ing plants and forcing the American
farmer to pay 50 80 per key for nails
for which they formerly bad paid for
from 1925 to Al 80 per key See
page Stanley report.
Then be made more by forcing the
thousands Of workers in the blast
furnaces Of his steel mills TO work
y hours day, seven days a week
and 1868 days a year,
AS a postscript to the above inior.
nation, the following history OF Mr..
Perkins may be Of interest to many
at this time. Mir. Perkins was the
chief aid aud co.schemer Of j. Pier
pont Morgan while the latter vas In
years between 1900 and 1911 throt.
thing business in every direction 1t
was Perkins who as Morgan S bust
ness partner showed Morgan how to
dominate the boards Of directors Of
all the great railroad, banks and
trust companies, express, telephone
aud telegraph companies, steamboat
lines, insurance companies, and all
the great industrial trusts, to the
end that Morgan now has a strange
hold on a corporate wealth OF over
$35, 900, 900, 600, on amount equal to
one third Of the wealth Of the nation.
CAMPAIGN Book Our Soon
The Democratic National Cam.
paign Book for 1912 will be ready
for distribution about August Goth.
Advance proofs already out snow
it to be probably the best publica
tion Of its kind ever issued. II will
be complete handbook on the tariff
and every issue that will figure
prominently in the approaching
campaign. Every Democratic wor-
ker in the United States ought TO
have this book. The price Is to re-
main at 20 cents, the amount asked
for the campaign book Of previous
years. Orders should be sent to
Hon. James 7. Lloyd, chairman,
National Democratic Congressional
Committee, Washington, D. G,
This being a presidential campaign
year, it is anticipated there will be
an unusually heavy demand for the
books. and it will therefore be well
for those desiring copies to write
Mr. Lloyd Immediately.
1t is my hope, said Mr.. Lloyd
today, that prominent Democrats
will get together in the towns and
cities and club their orders, so that
we may ship as many as possible
to one address, and thus conduct
the mailing department. at the least
possible expense"
AS Mr.. Lloyd's committee is en-
deavoring to make its campaign
wholly on funds subscribed by the
people, every endeavor is being
made to keep down expenses. The
Congressional Committee is short of
funds, and contributions, however
small, will be useful. Checks should
be sent to Chairman Lloyd.
Congressman A. 0. Stanley of
Kentucky, chairman OF the commit