The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1925-09-05
Continued from page %

VIM. II. Taft. For the third time he
waged campaign designed to appeal
to the petty bouregoisie, and again
he met defeat at the polls.
Finance capital, under the leader
ship Of the House Of Morgan. was
growing more powerful and was far
from satisfied with the policy Of the
Taft government that was defending
with all its might the interests of the
industrialist group around Standard
Oil. Between 1908 and 1910 the House
of Morgan made drive for control Of
the democratic party and in the con-
gressional elections of 1910 the DEM
ocratic party, for the first time since
the elections of 1892, secured a ma
jority in the house Of congress and
increased by substantial number its
representatives of the United States
senate. Thus the party that since the
civil war had held aloft the banner
of the middle class capitulated to the
wiles Of finance capital Thru a peri
cd Of nearly thirty years the influence
of that party had declined in inverse
ratio to the growth of the great COM
binations Of capital. The class from
which it derived it's support, the pet
ty bouregoisie, was being Slapped of
its vitality, it did not have sufficient
power and cohesion to maintain an in
dependent political existence. Those
elements of this class that survived
became more and more dependent up
on the large industrialist and financial
groups.
Tiger Eats Out of Morgan's Palm.
When the 1912 convention opened
at Baltimore the democratic party was
the private property of the House Of
Morgan. Champ Clark Of Missouri,
was the candidate for Morgan. Tam
many Hall was represented by full
delegation determined to put thru the
nomination of Clark. But this plan
was frustrated by Bryan and his sup
porters who came from the middle and
far west In terrific attack against
control of the party by ''the interests"
he arraigned August Belmont and
Thomas F. Ryan, both representatives
of the House of Morgan and both del
egates at that convention.
Bryan, thruout the long convention,
opposed Clark, even after the Missouri
ian had received a majority of the
votes (two-thirds being required to
nominate) and supported Woodrow
Wilson, then governor of New Jersey
Bryan was victorious and Wilson NOM
mated.
That same year saw split in the
republican party. Standard Oil in
sisted upon control of that party and
the denomination of Taft, and the
harvester, packing house and steel
trusts concentrating upon Roosevelt.
The tempestuous Teddy headed the
Bull Moose ticket, endeavoring to cap
middle class by having his supporters
parade the Chicago Coliseum, where
the progressive" convention was
held, singing Onward Christian Sol
diers," between gulps of strong liquor.
In this three cornered fight Wood
row Wilson was elected and when he
announced the personnel Of his cab
met, William jennings Bryan headed
the slate as secretary of state, as a
reward for having nominated the pres
ident
Morgan Pulls the Strings.
From the very day he occupied that
Office history played peculiar FRANKS
with this champion of the middle
class. His first act as secretary OF
state in the Wilson cabinet was in the
interest Of the House of Morgan altho
the peerless leader" fondly imagined
he was striking a death blow at imper-
ialism. The Wilson administration, as
its first international maneuver, an
nounced the withdrawal of the United
States government from the six pow
er group" which had been trying to
impose loan upon China under most
shameful conditions, which amounted
In narfitioninq that nation hotwaan