The Winslow mail., 1912-10-26
SORDID TALE OF
7. RS FUND
Treasurer Sheldon and ]. P. Nor
gan Tell of Millions Sub
scribed in 1904.
BIG FAvoRs IN RETURN
Frick, Gould and Morgan Gave 500 600
Eaeh-Corporations Gave 73I2 Per
Cent. Of Entire Amount Received.

Cent, or Entire Amount HsceNeo'
John D. Archbold.s statement that
the Standard Oil company contributed
$100, 900 to Mr. Roosevelt'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 100000 to elect MIR. Roose-
velt president, but j. Pierpont Morgan
& Co. gave 100000, H. c. Frick gave
s100, 900 and George Gould gave anoth-
er 100000 Mr.. Sheldon testified that
131h per cent of Mr.. Roosevelt's total
campaign fund was contributed by cor
porations.
Naturally these people gave their
money freely to the Roosevelt cam
paign fund.
Testifying that he had contributed
S150, 900 to the Roosevelt campaign
fund in 1904 because he was especial
ly interested, Mr.. ]. 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 fuSther statement that J. P. Nor
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 when Mr.. Taft was candidate in
1908 the sum subscribed was $4,000
and that this year neither he nor his
banking house had subscribed dol.
lar.
How II 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, Mr.. Bliss successor, says, 1914
per cent of the funds received came
from the menaced corporations.
II we do not find in these disclosures
a sufficient explanation Of P. Morgan
& Co.'s especial interest," in Mr..
Roosevelt's election, 1t Is possible that
later events may reveal It,
Mr.. Roosevelt neAer prosecuted J. P.
Morgan & Co.'S steel trust. He en-
phatically stopped the proceedings in.
stituted by others against J. P Morgan
& Co.'S harvester trust. When the
panic Of 1907 was at it's height he turn
ed 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 Frick, rep
resenting J. 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 J. P. Morgan &
Co.'S steel trust a monopoly of high
grade iron ore. He put Mr.. Bacon, a
partner Of J. P Morgan & Co, into the
state department and the diplomatic
service. He made Herbert Satterlee,
j. P Morgan's son-inlaw, assistant
secretary OF the navy. In letter to
Attorney General Bonaparte he testi-
fed feelingly to the virtues of the
Morgan interests which have been go
friendly to U.S." Never before was the
public welfare SO cheaply protected.
Extent Of Moraan's Interests.
The Morgan interests" are not con-
fined to J. p. Morgan & Co. by any
means. The Morgan interests compre-
hend 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 aff1liated corporations and
individuals Perhaps in this almost un-
! eyampled favor by the Morgan inter