Courier Democrat. (Langdon, N.D.) 1891-1920, 1912-10-31
How It 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 n
der. MI. Cortelyou, lately in control
of it 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, 78M
per cent. Of the funds received came
from the menaced corporations.
If we 10 not find in these disclosures
a sufficient explanation Of J. P. Morgan
& Co.'s especial interest" in Mr..
Roosevelt's election, it Is possible that
later events may reveal it.
Mr.. Roosevelt never prosecuted J.P.
Morgan & 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
led the resources Of the treasury over
to j. P. Morgan & Co., who used them
and made money and reputation by the
process. He met Gary and Prick, rep
resenting ]. 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 Il
Co.'S steel trust q monopoly Of high
grade iron ore. He put Mr.. Bacon, q
partner Of J. P. Morgan & Co., into the
state department and the diplomatic
service. He made Herbert Satterlee,
J. P. Morgan's %sonin-law, assistant
Attorney General Bonaparte he testi-
fed feelingly to the virtues of the
Morgan interests which have been 80
friendly to US" Never before was the
public welfare" so 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 and
manufacturing enterprises. If the par
ent house increased its regular Repub
lican contribution in 1904 because Of
It's especial interest" we may easily
imagine that the policy was widely
initiated by affiliated corporations and
individuals. Perhaps in this almost I'm
exampled favor by the Morgan inter
ests we shall find an explanation Of
the Roosevelt administration hostility
to the Standard Oil interests, which
have not always agreed with ]. P
Morgan & Co. concerning "the welfare
of the public"
1t may be that the senate committed
will be able to throw more light OF
this point, but it can hardly add any
thing to the scandal Of the Morgan
: Roosevelt alliance. 1t was Mr.. Roose
Welt who opened up to J. P. Morgan
& Co. the possibilities Of government
by big business. 1t was Mr.. Roosevelt
who persuaded ]. P. Morgan & Co. tt
plunge deeply into politics. 1t was MI
: Roosevelt who, consulting the public
welfare" registered the DEGREES Of j
P. Morgan & Co. in the White House
t Not until MI. Roosevelt had lost con
troll Of the Republican machinery ant
the law providing for publicity Of cam
paign contributions had gone into ef
C feet did ]. P. Morgan & Co. disappea,
from the list of regular contributors t.
G the colossal corruption funds of tn
G Republican party. Are ]. P. Morgan
& Co. operating politically unde'
rover of their recent partner, Georg'
W. Perkins?-New York World.