The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1912-10-23
How Il Was All Done.

How Il Was All Done.
To grasp these pregnant facts we
nave 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. Shel-
don, Mr.. Bliss successor, says, 73h
per cent. Of the funds received came
from the menaced corporations
II we do not flnd in these disclosures
sufficient explanation Of J. p. Morgan
& Co.'s especial interest" in Mr..
Roosevelt's election. 1t Is possible that
later events may reveal It.
Mr.. Roosevelt never prosecuted ]. 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 it's 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 anL iron
company. thus giving j. p Morgan &
Cos 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 son-in-law, assistant
secretary OF the navy. In letter to
Attorney General Bonaparte he test.
fed feelingly to the virtues of the
Morgan interests which have been SO
friendly to U.s." Never before was the
public welfare" 80 cheaply protected.
Extent Of Morean'e 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 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 alliarce It was Mr.. Roose-
welt who Oper, up to j. p. Morgan
& CO. the possibilities Of government
by big business. II was Mr.. Roosevelt
who persuaded J. p. Morgan & Co. 10
plunge deeply into politics. II was Mr..
Roosevelt who, consulting "the public
welfare" registered the DEGREES of J.
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
paign contributions had gone into Of
feet did j. p Morgan & Co disappear
from the list Of regular contributors to
the colossal corruption funds of the
Republican party Are = Morgan
& Co now operating politically under
cover OF their recent psr-ner George
w. Perkins New York World