The Bridgeport evening farmer., 1912-10-17
SORDID TALE OF
 I. R.'S FUND
Treasurer Sheldon and ]. P. Nor gan Tell of Millions Sub-
 scTlbed In 1904
BIG FAVORs IN RETURN

Prick, Gould and Morgan Gave $1oo,ooo
 Each-Corporations Gave 73L2 Per
 Cent of Entire Amount Received.
 John D. Archbold's statement that the Standard Oil company contributed $1OO.OOo to Mr. RooseveIt'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 $1OO.OoO to elect MT. Roose- welt president, but J. Pierpont Morgan & Go. gave S1Oo.OOO, Fl. c. Prick gave s10o.Oo0 and George Gould gave anoth- CT s1OoOOo Mir. Sheldon testified that 7311 per cent of MT. Roosevelt's total campaign fund was contributed by cor- porat1ons
 Naturally these people gave their money freely to the Roosevelt cam paign fund.
 Testifying that he had contributed $150.OO0 to the Roosevelt campaign fund in 1904 because he was especial ly interested MT. J. P. Morgan added. ''The only interest we had was in the welfare of the public.''
 Mir. Morgan emphasized his devotion to Mir. RooseveIt's political fortunes by the further statement that J. P. Mor- gan & Co.'S usual contribution to Re publican campaign funds was only $1O0.000; that he never heard of any donation by his firm to the Democrats; that when MT. Taft was a candidate in 1908 the sum subscribed was $30,000 and that this year neither he nor his banking house had subscribed dol lar.
 How 1t Was All Done.
 To grasp these pregnant facts we have only to recall a little modern his tory. In 1904 MT. Roosevelt had his bureau of corporations in working or der. MT. CorteIyou, lately in control of it as secretary of commerce and 1a- Dor, had been made chairman of the national Republican committee. He and Cornelius N. Bliss. treasurer, were collecting money. AS George R. Shell don. MT. Bliss successor. says. 73h per cent of the funds received came, from the menaced corporations.
 If we do not find in these disclosures sufficient explanation of J. F. Morgan { & Co.'S especial. interest" in MT.
 Roosevelt's election. it is possible that later events may reveal it
 MT. Roosevelt never prosecuted J. P. ! Morgan & Co.'S steel trust He em- phatically stopped the proceedings in ! stituted by others against J. P. Morgan 6 Co.'s harvester trust. When the panic of 1907 was at its height he turn ed the resources of the treasury over l to J. F. Morgan & Co.,. who used them and made money and reputation by the
 
 l resent1ng J. P. Morgan 6 Co.'S steel 1 trust, before breakfast one morning and licensed them. in violation Of law, 1 to absorb the Tennessee Coal and Iron | company. thus giving J. P. Morgan & 1 Co.'s steel trust & monopoly of high l grade iron ore. He put MT. Bacon, a | partner of J. F. Morgan 6 Co.,, into the | state department and the diplomatic ! service. He made Herbert Satterlee, 1 J. P. Morgan's son-in-law, assistant
 secretary of the navy. In a letter to
 Attorney General Bonaparte he testi- l 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 Morgan Interests. The Morgan interests are not con-
 fined to J. P. Morgan & Co. by any
 means The Morgan interests compre- 1 bend life insurance companies, banks 1 and trust companies, railroads and l manufacturing enterprises. If the par 1 ent house increased Its regular Repub- 1 ncan contribution in 1904 because of
 it's especial interest," we may easily i imagine that the policy was widely 1 initiated by affiliated corporations and l Individuals. Perhaps in this almost un- exampled favor by the Morgan inter ests we shall find an explanation of l the Roosevelt administrator hostility 1 to the Standard Oil interests, which have not always agreed with J. P. l Morgan & Go. concerning "the welfare l of the public.''
 It may be that the senate committee 1 will be able to throw more light on l this point, but it can hardly add any thing to the scandal of the Morgan l Roosevelt alliance. 1t was MT. Roose- 1 welt who opened up to J. P. Morgan | 6 Go. the possibilities of government by big business. It was MT. Roosevelt l who persuaded J. P. Morgan & Co. to i plunge deeply into politics. It was MT 1 Roosevelt who, consulting "the public l welfare registered the deerees of J. 1 F. Morgan &S Co in the White House 1 Not until MT. Roosevelt had lost con 1 trol of the Republican machinery and 1 the law providing for publicity of cam 1 paign contributions had gone into ef- 1 feet did ]. P. Morgan & Co. disappear | from the list of regular contributors to l the colossal corruption funds of the l Republican party. Are J. P Morgan l & Go. now operating politically under
 cover of their recent partner, George l W. Perkins? ?-New York World