Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1916-10-17
WALL STREETS GOLD
|. SMELLS SLUSH FUND
FOR HUGHES RACE
Finance Kings Endeavoring to
Thwart Will of People and
Score a Republican Victory
in November
Especial Dispatch to The JournaL)

: Especial Dispatch to The JournaL)
NEW YORK, Oct. I4-In 1905, Wall
street was extremely anxious to bring
about the election OF Mr. Taft to the
presidency. 1t felt that with him in the
White House and such guiding spirits
!. as Senator Aldrich. Senator Penrose,
Senator Gallinger, Seantor Smoot, Uncle
Joe Cannon, Mr.. Payne and Mr.. Mann
IN charge of the two branches of con-
grtss, its interests would be entirely
safe. That the street" was right the next
four years proved conclusively. 1t was
four years of typical Republican pros
perity. the kind that Wall street had
j become accustomed to, the kind that lin
!. tied itself to Wall street and Wall
streets collateral interests, and let the
/ country get along as best IL could
/ Wall street was therefore liberal in
I fits contributions. Take the House of
/ Morgan" for instance. In the list Of
contributions to the Taft campaign fund.
J. p. Morgan & Co. appear as having
given $4,000. a rather tidy sum. But
that was only part Of the Morgan con-
/ tribution. The house had as partners,
members of the firm. George W. Per-
kins Robert Bacon and Z. T. Stotes-
bury. Mr.. Perkins added to the above
sum $3.50. 200. Mr.. Stotesbury raised
| s125.75O. and Mr.. Bacon dropped in
\ $4,000. These sums. added to what
the house gave directly, make a some
what striking total of $3.50. 75O-from
/ one firm and its associates alone.
RAILROAD INTERESTS.
| Living under tbs shadow Of "the
street. are the railroad interests. They
and some of their methods had been
and were being criticised, and even, in
/ a way. supervised and regulated in GER
/ tain parts OF the country. Behind Mr..
/ Taft and a Republican congress they
/ felt they could defy the growing pop
ular movement against themselves and
| their operations. Hence they. too. came
along to the aid Of the Republican ma
tionaI committee
George Gould, head Of a system Of
/ roads Is on record as having contrib
uted 100000. The venerable Chauncey
/ Depew, who for twelve years had repre-
scented the railroads in the United States
senate and for a great many more years
has been at the head of the New York
Central and one OF two Of that roads
holdings. gave 100000. T. II. Harrt-
/ man. of extensive interests, gave In
three installments 100000; Mr.. MI
burn. OF the Chicago. Milwaukee and ST.
Paul. gave $4,000: Mr.. Speyer OF the b.
& o.. $4,000: Mr.. Stillman, director OF
the New York Central and two other
roads. $4,000: c. s. Mellen, Of the New
York. New Haven and Hartford, $4,000;
d. o. Mills, of the Erie, $4,000; Roswell
Miller. Of the Chicago. Milwaukee and
81. Paul. $4,000: Robert Mather, presi-
dent of the Rock Island, $4,000; H.
| Mex. Twombiey. director or the Erie
and two others. 10000; John jacob AS
| tor. $4,000. and W. Emlen Roosevelt
| Sc. OOO-a total Of s5eO,oOO. Just ABOUT
! the same amount that the House of
NTorean'' contributed: or a grand total
| from Morgan and the railroads or w.
I1o,575. "
RIG CONTRIBUTIONS.
Wall street bankers. as individuals,
| such men as Isaac N Seligman, James
Spever and the Kountzes, contributed
/ to the continuation Of Republican finan-
| ciaI policies the sum of $SS,5O0. Stand
| ard Oil. through the late II. H. Rogers
gave $4,000; United States Steel,
| through ]. F. Dryden's collections OF
Sss. 500; II. c. Tricks contribution Of
$50 600; Mr.. Carnegie's 100000 and
Norman B. Ream's $4,000 made total
| of $4,000.
There is a long list of merchants,
manufacturers of textiles and the like
who, possibly with some thought OF
/ favorable tariff legislation. made them
! selves known to the political authori-
/ ties at Republican headquarters. John
| CIafin. millionaire dry goods dealer
and importer, heads the list with $4,000;
! William Barbour. Linen Thread Co,
gave $4,000; Joseph W. Gogdon, presi-
| dent Phoenix Silk Co., $4,000, and so on
| through a very long line.
Two Guggenheims, with big copper
interests, gave 10000; Clarence H.
Mackay gave $4,000: Richard F. Howes'
| director of the International Harvester
| Co. gave $4,000: American Can COM
pany gave $4,000; the General Electric
| Co, $4,000; 7. Coleman du Pont, of the
powder trust, $1,000: two express COM
panies, $4,000; Adolph Lewiston, miner
and banker, s1O,O0O-all making a total
Of s77.5O0.
EFFORTS OF Won MEYER.
George Won L. Meyer. afterwards
I secretary of the navy and ambassador,
raised personally and by solicitations
Sg5,727; Charlemagne Towery, who be-
came an ambassador, gave $4,000: Henry
White. another ambassador, $1,000; Gift
ford Pinchot, who was put at the head
of the forestry bureau of the govern
ment, $4,000; Frank B. kellogg, $1,000.
Robert Bacon, who gave $4,000. later
became ambassador TO France.
The contributions mentioned are by
no means all that were admittedly Sc
cured in 1908 by the Republican ma
tionaI committee. Those specified reach
/ the sum of approximately S1,s0O,oO0.
AS enormous as the total is, IL by no
means represents all that goes out from
such sources. They send out large
sums TO Republican headquarters in
I doubtful states, which are not account
/ ed for by the national committee. Repub-
| lican state committees in Ohio, Indiana,
/ Kentucky. West Virginia, Maryland and
other states, draw vast sums.
Mark Hanna had the. high record in
1895 and 1900 for frying the fat" ii
is by no means certain that that record
will not fall in this campaign. Wall
street wants charge Of the governments
financial policies; IL wants such direct
legislation as will give II its old time
control Of the vast wealth of the United
states so that II may relieve the people
OF the burden of undue prosperity and
take that burden unto itself.
II is the Republican way, il has been
the Republican custom for years. When
Democrats In the recent congress en-
deavored TO get through a corrupt prac-
. tees act to check such expenditures the
Republicans prevented IL.