The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1912-10-18
SORDID TALE OF
7. RS FUND
Treasurer Sheldon and ! P. Nor.
gan Tell Of Millions, Sub
scfbed In 1904
BIG FAVORS IN RETURN

Friek, Gould and Morgan Gave 100000
Eaeh-corporations Gave 73a Per
Cent Of Entire Amount Received.
John D. Archbold's statement that
| the Standard OH company contributed
100000 to Mr.. Roosevelts 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 70 elect Mr.. Roose-
Welt president. but j. Pierpont Morgan
e. Co. gave 100000. FL. @. Frick gave
100000 and George Gould gave anoth-
er $4,000. Mr.. Sheldon testified that
73h per cent Of Mr. Roosevelts total
campaign fund was contributed by cor
| a.
porationa
Naturally these people gave their
money freely TO the Roosevelt CAM
paign fund.
Testifytng that he had contributed
$4,000 10 the Roosevelt campaign
fund In 1904 because he was especial
" interested" Mr.. J. P. Morgan added.
1.-THE only interest we had was in the
welfare OF the public"
/. Mr.. Morgan emphasized his devotion
, to MI Roosevelt's political fortunes by
the further statement that ]. 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 q candidate in
1908 the sum subscribed xss $4,000
andSthat this year neither he nor his
banking house had subscribed a dol
lar.
How Il Was All Done.
To grasp these pregnant facts we
have only to recall a little modern his
tory In 1904 Mr.. Roosevelt had bis
bureau Of corporations in working or
der. Mr. Cortelyou. lately fl contro
Of IL as secretary Of commerce and Ia
Dor. had been made chairman Of the
na tional Republican committee. he
and Cornelius ~ Bliss. treasurer. were
don. Mr. Bliss successor. says, 1914 pc
aeent Of the funds received came frou
he menacad corporations.
II we do not 6nd in these disclosure
q sufficient explanation Of J. p. Morgan
& Co.'S especial interest IN MI
Roosevelt's election. IL Is possible tina
later events may reveal II
Mr. Roosevelt never prosecuted J. P
Morgan & Co.'S steel trust BE EN-
phatically stopped the proceedings In
st1tuted by others against J. p. Morgan
/ q Co.'S harvester trust. When tn
4 panic Of 1907 was ut its height he turn
ed the resources Of the treasury Owe
to J. +. Morgan & Co., who used Their
and made money and reputation by tn
process. He met Gary and Frick, reI
resenting j. +. Morgan g. Co.'S stee
trust before breakfast one mornin
and licensed them. in violation OF Law
to absorb the Tennessee Coal and lro
Co.'S steel trust monopoly OF big
grade iron ore He put Mr.. Bacon,
partner Of J. T. Morgan d Co. into tn
:, state department and the diplomat
service He made Herbert Satterle-
]. p. Morgan's son-in-law. assistar
. secretary Of the navy. In letter
. Attorney General Bonaparte be test
6ed feeiingly TO the virtues OF III
Morgan interests which have been {
friendly TO u.s." Never before was II
public welfare 40 cheaply protecte'
- Extent Of Morgan interests
The Morgan interests are not col
II fined TO j r. Morgan & Co. by an
Y. means The Morgan interests compr
I'll bend life insurance companies. banl
lie and trust companies. railroads al
"a manufacturing enterprises II the pa
10 emit house increased Its regular Repu
e lican contribution In 1904 because
its especial interest" We may east
:" imagine that tie policy was wide
IL initiated by affiliated corporations ar
u individuals Perhaps in this almost u
8. exampled favor by the Morgan int
Do ests we shall find an explanation
q the Roosevelt ADMINISTRATORS HOSTILE
v. 10 the Standard OIL interests, whit
IN have not always agreed with J.
no Morgan & Co. concerning the welfa
al OF the public
az It may he that the senate commit
VA will ne able To throw more light
" this point. built can hardly add an
VS. thing tn the scandal OF the Morga
Roosevelt alliance. II was Mr.. Roos
8 Welt who opened up 10 J. 2. Morg'
iy & Co. the possibilities OF governr,e
an BY big business 1t was Mr.. Roosev;
,r. who persuaded J. 2. Morgan & Co
no plunge deeply into politics II was n
q Roosevelt who, consulting "the spub
welfare" registered the DEGREES OF
p. Morgan q Co. In the White Hous'
Not until Mr.. Roosevelt had lost &C
troll Of the Republican machinery a
,s the law providing for publicity OF ca
paign contributions had gone into
feet did ]. p. Morgan & Co. djsappe
n From, fhA liaf of reCrllar r,ptr4t,u<ora