Evening star., 1924-11-01
CLAIMS COP. GIVEN
BULK Of MONEY BY
VESTED INTERESTS
La Toilette Attorney Says
Many Contributors Now
Have U. S. Suits Pending.
DECLARES MORGAN FIRM
UNDERWROTE CAMPAIGN
Holds Law Against Corporation
Contributions Has Been
Violated.

In an analysis Of evidence placed
before the Senate campaign fund in
vestigators, Frank P. Walsh, counsel
for Senator La Toilette, declared to-
! day it had been shown that at least
! 1o per cent of the Republican con-
| tributions reported to date, have
come directly from the representa-
tives Of great corporate interests"
The La Toilette attorney declared
! further that even more shocking is
! the circumstance that contributions
are listed from numerous individuals
! directly interested as defendants in
antitrust suits, prosecutions for
| fraud upon the Government and per
| sons directly interested in tax re-
| fund cases, oil leases, flexible tariff
| adjustments and other proceedings
now pending either in the courts or
| in the executive departments i;
| Washington"
Backed by Morgans.
Upon the basis OF the data now
made public" he said, "it can be
stated as a fact that the banking
I firm of J. P. Morgan & Co. has under
written the Republican campaign
fund"
The big bankers, the packers and
the magnates who monopolize oil,
steel, coal, aluminium, leather, sugar.
copper. textiles, the railroads, rail-
road equipment and supplies and pub
lie utilities" he continued. have
furnished the bulk of the Republican
campaign fund"
Not one industry which relies upon
| exhorbtant tariff duties to maintain
extortionate profits is missing. Cor
! porations and individuals interested
in the Mellon plan of tax reduction
are abundantly represented"
Aid by Morgan Men.
The statement said that although
| the name of j. z. Morgan himself did
not appear on the list of contributors,
| five members of the firm of J. 2.
Morgan either collected money or con-
/ tributed TO the fund, or both, as fol-
lows: E.-T. Stotesbury, George Whit
! ney, William IL Porter, Dwight Nor
row and Thomas Cochran, all listed as
partners in ]. p. Morgan g. CO.
! The Federal statutes" Walsh
| continued, provide that no corpora
! ton shall contribute funds for use
t for political purposes, yet the great
! est banking house in this country
provided not only the brains but also
much of the money for financing the
Republican campaign fund.
1T combed every great corporate
/ interest with which it is identified
and started the food of gold which
! is now pouring into the headquarters
| at Chicago"
! Walsh declared that Guy Emerson,
vice president of the Bankers Trust
| Co., "a Morgan bank" collected the
greater part of the Republican cam
| paign fund in New York and that
| William V. Hodges. treasurer of the
|
first approached and Induced to ac-
cept that important post by Richard
/ V. Scandrett. jr., nephew of Dwight
! Morrow of the firm of j. p. Morgan
! G. CO.
Many Large Gifts.
/ Contributions of 81 900 and more.
! Walsh said, made up more than 81 per
cent of the Republican fund. OF the
! individuals making these contributions,
he said that more than 90 per cent are
| found listed in financial manuals and
! directories as officers and directors in
large industrial and financial corpora
! tionS.
Under the heading of contributions
grouped according to corporate Connec-
! TONS the statement names as con-
| tributors Lester Armour, Phillip Ar
mour, Arthur Meeker, Edison White and
Fred w. Croll.
large contributions through John ID.
Rockefeller jr., and through members of
the Mellon, Dawes, Pratt and Black
mere families"
STANDARD Oil, the Midwest Oil Co,
the Gulf Oil Co. and the Pure Oil Co. are
all represented through contributions by
officers or directors of the corporations"
the statement continued.
Utilities Contributions.
Contributors from the public utilities,
electric manufactures and wate.r-power
groups, Walsh said, included Coffin,
Rice. Loyejoy and Mitchell of the Cen
eral Electric Co.. directors and officers
of the Westinghouse interests and the
Dukes of Southern power interests.
Mining and smelling are represented, he
continued, by the Guggenheims, Jackling
of the Utah Copper Co. and Steel of the
Kennecott Copper Co.
Under the list of contributors from
steel, iron and coal interests the
statement named the "Laughlins,
Fricks and Maderas of Pennsylvania,
while power and other industrial
concerns, he said, are represented by
members of the du Pont family. and
the wool, cotton and textile industries
by contributions so numerous that
they cannot be listed within the
compass of this digest"
Ine SflOe anu lSdlueE IhS
attorney said, is represented " q J.
Simmons, CHARLES F. Pister of Mil
waukee and "a score of others"
The statement declared that out Of
the list of more than "a score of OFF,
GERS and directors in sugar COM
panies who have made contributions
practically all are directly interested
in the sugar tariff investigation of
the United States Tariff Commission"
All the textile interests Walsh added.
and many other highly protected
industries are similarly directly in
terested in proceedings before the
United States Tariff Commission"