Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1912-10-24
'SORDlD TALE OF
I. RS FUND
Treasurer Sheldon and ! P. Nor.
ran Tell Of Millions Sub
scrIbed In 1904
B|e FAyoas n RETURN


Friels, Gould and Morgan Gave 100000
Eaeh-corporatiens Gave 73M Per
Cent Of Entire Amount Received.
John D. Archbold's statement that
the Standard Oil company contributed
100000 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 Mr.. Roose-
welt president. but J. Pierpont Morgan
& Co. gave 100000. Il. G. Prick gave
100000 and George Gould gave anoth-
er 100000. Mr.. Sheldon testified that
731l per cent Of Mr.. Roosevelt's total
campaign fund was contributed by cor
porations.
Naturally. these people gave their
money freely 70 the Roosevelt cam.
paign fund.
Testifying that he had contributed
$4,000 to the Roosevelt campaign
fund In 1904 because he was especial.
" interested" Mr.. J. P. Morgan added.
''The only interest we had was in the
welfare Of the public"
Mr.. Morgan emphasized bis devotion
to Mr.. Roosevelt's political fortunes by
the further 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 arm to the Democrats:
that when Mr.. Taft was candidate in
1908 the sum subscribed was $4,000
and that this year neither he nor bis
banking house had subscribed q dol.
lar.
How Il Wac Al 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 It a. secretary Of commerce and Ia
Dor. had been made chairman Of the
national Republican committee. He
and Cornelius N. Bliss. treasurer. were
collecting money. Az George r. Shell.
don. Mr.. Bliss successor. says. 731s per
cent Of the funds received came from
the menaced corporations.
~s.n A. ,,.~t and In
4 sufficient explanation Of J.. p. Morgan
4 Co.'S especial interest" in Mr..
Roosevelt's election. 1t is possible that
later events may reveal 1t.
Mr.. Roosevelt never prosecuted J. p.
Morgan 4 Co.'S steel trust He EN-.
phaticaily stOpped the proceedings in
stituted by others against J. T. Morgan
Il Co.'S harvester trust When the
panic Of 1907 was ut its height he turn
ed the resources Ut the treasury over
to J. +. Morgan Il 60. who used them
and made money and reputation by the
process. He met Gary and Prick. rep.
resenting J r. Morgan & Co.'S steel
trust, before breakfast One morning
and licensed them. In violation Of law.
to absorb the Tennpxsee Coal and Iron
company. thus giving J. T.. Morgan 4
Co.'S steel trust monopoly Of high
grade iron ore he put MIR. Bacon, a
partner Of J. r. Morgan X Co.. into the
state department and the diplomatic
service. He made Herbert Satterlee.
]. p. MOryan's sOn-inMw. assistant
secretary Of the navy. In letter to
Attorney General Bonaparte be testi-
fed feelingly to the virtues Of the
Morgan interests which have been 90
friendly to w." Never before was the
public welfare" % cheaply protected.
Extsnt Of Morgan Interests.
The Morgan Interests" are not con.
dped to J. r. Morgan & Co. BY any
means. The Morgan interests compre-
bend life insurance companies. banks
and trust companies. railroads and
manufac turing enterprises III the par
ntSh0use Increased its regular Repub-
lican contribution IN 1904 bscmuse Of
its especial interest" we may easily
Imagine that the policy wns widely
Initiated by affiliated corporations and
individuals. Perhaps in this almost IN.
exanpIed favor BY the Morgan inter
ests We shall nnd an explnnatio Of
tile Roosevelt administrator hostility
to the Standard OH, interests. which
have not always agreed with J r.
Morgan & Co. concerning 1.-THE welfare
Of the public" -. s-1
1t may he that the senate, committee
will he able to throw more light on
this point. hut II can hardly add any.
thing to the scandal Of the Morgan
Roosevelt alliance. It was Mr.. Roose-
velt who opened up to J. r. MorRnn
4 CO. the possibilities Of government
by big business. II was MIR. Roosevelt
who persuaded J. r. Morgan 4 Co. 10
lowers. .r..,
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