Monroe City Democrat. (Monroe City, Mo.) 1888-1919, 1912-10-31


gan & Co.'S usual contribution to Re-
publican campaign funds was only
100000; that he never heard of any
donation by his firm to the Democrats;
that WI Mr.. Taft was u candidate in
1908 the -dm subscribed was $4,000
and that this year neither he nor his
banking house had subscribed a dol
lar.
How It Was All Done.
To grasp these pregnant facts we
have only TO recall 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, MIR. Bliss successor says, 1871
per cent. OF the funds received came
from the menaced corporations.
II we do not find in these disclosures
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 J. P Morgan
| & Cos 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 ]. 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 q
| 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 son-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 so
| friendly to u.s." Never before was the
public welfare" so cheaply protected.
Extent Of Morsan'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. II the par
emit house increased its regular Repub-
Ncan contribution in 1904 because OF
its especial interest" We may easily
imagine that the policy was widely
initiated by affiliated corporations and
individuals. Perhaps in this almost un-
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 committee
Will be able to throw more light on
this point, but 1t can hardly add any.
thing to the scandal Of the Morgan
Roosevelt alliance. 1t was Mr.. Roose-
Welt who opened up to ]. P. Morgan
| & Co. the possibilities OF government
by big business. II was Mr.. Roosevelt
who persuaded ]. P. Morgan & Co. TO
| plunge deeply into politics. 1t was Mr..
Roosevelt who, consulting the public
welfare" registered the DEGREES OF ].
p. Morgan & Co. in the White HOUSE.
Not until Mr.. Roosevelt had lost CON-
troll OF the Republican machinery and
the law providing for publicity Of cam
paiEn contributions had gone into et-
feet did ]. P. Morgan & Co. disappear
from the hist OF regular contributors to
the colossal corruption funds OF the
Republican party. Are ], P, Morgan
! & Co. now operating politically under
cover OF their recent partner, George
w. erkinsf-NeW York World.