Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1912-10-31
.SORDID TALE OF
7. RS FUND
Treasurer Sheldon and ]. P. Nor
gan Tell of Millions Sub
sCribed in 1904.
BIG FAVoRS IN RETURN
Frlck, Gould and Morgan Gave 100000
Each-CorporatIons Gave 73R Per
Cent. Of Entire Amount Received.

Cent. of Entire Amount Received.
John D. Archbold's statement that
he Standard Oil company contributed
100, 900 to Mr.. Roosevelt's campaign
,und in 1904 was confirmed by George
Sheldon, who succeeded Cornelius
n. Bliss as treasurer of the Republican
national committee.
Not only did the Standard Oil COM
pany give s100,0 900 to elect MIR. Roose-
Welt president, but J. Pierpont Morgan
& Co. gave 500, goo, H C. Prick gave
S100, 900 and George Gould gave anoth-
er 500, 900. Mr.. Sheldon testified hat
per cent of Mr.. Rcosevelt's total
campaign fund was contributed by cor
po%rations.
Naturally these people gave their
money freely to the Roosevelt cam
paign fund.
Testifying that he had contributed
$3.50, 900 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 ]. p. Nor
gan G. Co.'S usual contribution to Re
publican campaign funds was only
500, 900; 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 100000
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 a little modern his
tory. In 1904 Mr.. Roosevelt had his
bureau Of corporations in working or
der. Mr.. Cortelyou, lately in control
of it as secretary of commerce and Ia
Dor. had been made chairman Of tfs
national Republican committee. lie
and Cornelius N. Bliss, tdxasurer, vera
| collecting money. AS Geo9&e R. She!-
Rites successor, ssys. a31a
per cent. Of the runus receEed came
| from the menaced corporakons.
If we do not find in thsE disclosures
a sufficient explanation Of J, P. Morgan
& Co.'s especial interest" in MI.
Roosevelt's election, 1t is possible that
later events may reveal 1t.
Mr.. Roosevelt never prosecuted ]. P.
Morgan & Co.'S steel trust. He em-
phatically stopped the proceedings in
stituted by others against J. P. Morgan
b Co.'S harvester trust. When the
manic of 1907 was at It's height he turn
ed the resources Of the treasury over
to J.. P. Morgan g. Co., who used them
and made money and reputation by the
nrocegs, He met Gary and FricE, rep
~resentSug J. P. Morgan & Co.'s steel
trust before breakfast n morning
and licensed them, in violation OF law
70 absorb the Tennessee Coal and Iron
company. thus giving J. P. Morgan q
Co.'S steel trust a monopoly of figh
grade iron ore. He put Mr., Bacon,
mariner of ]. P. Morgan g. Co., Into the
state department and the diplomatic
service. He made Herbert Satterlee
7 p Morgan's son-inlaw, assistan
secretary of the navy. In a letter u
Attorney General Bonaparte he tesu
fed feelingly to the virtues OF tn
Morgan interests which have oeen s.
friendly to U.s." Never before was tn
"nnbl,c welfare" 80 cheaply protected
Extent of Morean's Interests.
The Morgan interests" are n o COZ
fined to ]. P. Morgan d Go. by an
means. The Morgan interests oompr'
bend life insurance companies, bank
and trust companies, railroads an
manufacturing enterprises. II the pa
ant house increased its regular Re"uI
lican contribution in 1904 because
it's especial interest we may easll
imagine that the policy was wide
initiated by affiliated corporations all
individuals. Perhaps in this almost II
exampled favor by the Morgan lhte
ests we shall find an explanation
the Roosevelt administration hostlll
to the Standard Oil interests, Whl(
ihave not always agreed with j.
MORGAN & Co. concerning the wel-&
of the public"
# may be that the senate committ
will be able to throw more light
tbic nc int, but it car hardly add an
thing 70 the scandal Of the Morga
p~oosevelt alliance. 1t was MT hoos
Welt who opened up to j. T. More'
a. IN the possibilities OF goVernme
:. NV b,g business. 1t was Mr.. RooseV'
~ nersIraded j.. P. Morgan d GO.
nunge deeply into politics. It was y
~Roosevelt who, consulting the pup
~uotrare." registered the DEGREES Oh
see. p Morgan s. Co. in the Wnlte hou
No+ until Mr.. Roosevelt had lost G.
4ua of the Republican machinery q
tbo law providing for publicity OF ca
naien contributions had gone INTO
as. eoot AID ] 4 Morgan & Co. disapp'
srow M list OF regular contributors
~ u lossll corruption funds OF
:, TIT, ,,-rty. Are j. P. More
~ ape.r cling politically rn'
ne Oh thr'r recaNs pa'rn0