The labor advocate. [volume] (Cincinnati, Ohio) 1912-1937, 1916-09-30

issue OF S60,OO0,000 worth OF Anglo
French war bonds, part of the issue
handled by the ]. P. Morgan Company
1t is known in financial circles that Mr..
Herrick has been the intermediary in
Ohio for Wall street bankers for many
years. In the ight-Herrick Com
pany, which placed these bonds for the
aid and assistance of the Allied Powers,
Parmaley Herrick, only son and heir of
Myron T. Herrick, is Director.
again, Mr.. Hughes, the people of the
United States as we'll as the people of
Ohio have a right to ask whether or not
Myron T. Herrick was an instrument IN
securing this business, and if so whether
it was arranged while he was a peace
envoy of the United States in France, or
whether it was secured through connec-
tions then established by him.
"These things have been rumored in
Ohio for long time. 1t is only fair that
the people may have the facts. Letters
concerning this have been written from
Maine to California, and since you have
made campaign issue of Mr. Herrick,
you must accept with him the response
bility of answer to the questions in those
letters which demand information.
"In Ohio the lavish expenditure OF
money by Mr.. Herrick may we'll be ex-
planned by his desire to get an office in
which he may round out his career A
dull imagination might supply the reason
why he is backed for election by those
who profit by war With the former you
have no connection and possibly no in
terest. But you have indorsed the rec
ord of Mr. Herrick as foreign agent,
and, having assumed to speak for him
in that regard, questions concerning that
record are pertinent to you.
Had you been President and had you
known or suspected an Ambassador to
be using his post for commercial ad-
yourself to 'supersede' him? What would
you have done, Mr.. Hughes?"
The following is copy of an orig
inal letter from an influential man in
business circles to Secretary of the
Treasury McAdoo. The name of the
signer for obvious reasons is withheld
The original of the letter is in official
files and follows
81 notice that Mr.. Hughes seems in
clined to inject Mr.. Herricks case into
the campaign. and it occurred to me
that perhaps the following story, which
| have been told by former New York
men, may be of interest to you. | can
not vouch for the truth of it, but that
can be easily ascertained.
1T seems that upon Mr. Herrick's S
return to this country he organized a
corporation in New York, known as
CASTOR, Williams & Wigmore, Inc,
whose offices are on Williams street, all
three of these parties being clerks or
subordinate officers in the Guarantee
Trust Company.
This concern under Mr. Herrick's
direction, then proceeded to acquire con-
tracts with the following motor car COM
panies for their exclusive foreign bust
ness: Packard, Peerless, Locomobile and
Pierce Arrow, the Guarantee Trust Com
pany acting as guarantor for CASTOR,
Williams & Wigrnore. When the con-
tracts had been secured from these motor
car companies it is said that Mr.. Herrick
produced a great volume of orders from
foreign countries, which he had brought
over with him. and it is said that the
concern now claims to have sold foreign
countries over $130000,000 worth of
trucks. 1t also handles blankets and
such other goods as the allies may need,
and has offices in London, Paris and Pet
rograd, as well as Havana, the latter
as a purchasing office.
"If this story is correct it is not sur
prising that Mr.. Herrick resigned, but
may be of interest if he secured these
orders before or since leaving Europe
because of his former influential posi-
ton. If true it is no wonder that they
criticize our great Presidents policy of
keeping this country out of war.
Democrats out here are in the mi
nority. and it may be of interest to you
that Mr. Hughes appears to have lost
strength with Republicans since his
nomination, and his speeches have failed
to arouse any interest"