Decatur Democrat, Volume 51, Number 40, Decatur, Adams County, 15 October 1908 — Page 2

TRUSTS FAVOR TAFT “Interests” Are Strongly Represented on the Republican Committee. SHELDON OFFICIAL FAT FRIER List of Those from Whom He Got Contributions. Republican Treasurer Director in 21 Corporations—Raised Big Fund in 1900 — Recommended by Standard Oil Attorney. Chicago, October 1. —(Special.) —In connection with the controversy which the President has raised as to whether the trusts and financial concerns are most interested in the election of Mr. Taft or Mr. Bryan, the Democratic National Committee Calls attention to a few of the controlling spirits in the Republican Committee who are actively interested in trusts and monopolies. At the head of the list stands George R Sheldon, treasurer of the Republican National Committee. Mr. Sheldon's selection for this important post of official “fat frier” was made upon recommendation of Wm. Nelson Cromwell, the great corporation lawyer of Wall Street, attorney for the Panama Canal Company. E. H. Harriman, the Standard C.l Company, the Sugar Trust, Kuhn, Loeb & Co., bankers and brokers, and other favored interests. Almost immediately after his appointment, Mr. Sheldon is reported to have received a contribution from Mr. Cromwell, amounting to $50,000. Mr. Sheldon is a multi-millionaire, the active head of the banking firm of W. C. Sheldon & Co., 2 Wall Street. According to the “Directory of Directors.” for the present year, Mr. Sheldon’s name appears as a director in the following 21 corporations: American Locomotive Company. American Locomotive Automobile Company. Bethlehem Steel Corporation, Cincinnati Northern Railroad Company. Detroit Edison Company, Electrical Securities Corporation, Laclede Gaslight Company, Locomotive and Machine Company of Montreal (limited), Locomotive Security Company, Metropolitan Trust Company, Milwaukee Electric Railway & Light Co.. Milwaukee, Light, Heat and Traction Co., National Copper Bank, New Jersey Terminal Dock and Improvement Co., North American Co., Republic Steel & Iron Co., of New Jersey, Rogers Locomotive Works, St. Louis Transit Co., Union Bag & Paper Co. of New Jersey. Union Electric Light & Power Co., Union Electric Light & Power Co., of St. Louis. Mr. Sheldon's connection with the Locomotive Trust places him in close connection with the railroads of the country, where he is able to procure their campaign contributions. He is also a confidential agent of J. Pierpont Morgan in his Wall street deals, and assisted in the' formation of the Shipbuilding trust. His North American company controls the traction interests of St. Paul and Minneapolis. He Is president of the Union League etub. of which Rockefeller, Morgan. Carnegie and other powers In Wall street are also members. He Is also •aid to be a member of 20 other clubs whose membership includes practically all of the operators in Wall ■treet. In 1906 Mr. Sheldon was treasurer of the New York State Republican committee, and succeeded so well In frying the fat from the interests that Mr. Cromwell recommended him for a similar job with the National committee. According to the sworn statement of Mr. Sheldon, published after the campaign, he raised $333,923.60 •hiefly from these interests. The following is a partial list of the ojnirlbutors as shown in Mr. Sheldon’s statement: J. Pierpont Morgan, Wall street banker and promoter $20,000 Levi P. Morgan, banker, "Wall street 20,000 John D. Rockefeller, of Standard Oil 5,000 Andrew Carnegie 5,000 Chauncey M, Depew, railroad and Standard Oil senator .. 5,000 H. R. Hollins, financier 5,000 Jacob H. Schiff, favored banker 2,500 Harvey Fisk & Sons, bankers and brokers 2,500 Kuhn, Loeb & Co., bankers and fiscal agents 2,500 J. & W. Seligman & Co., bankers and fiscal agents 2,500 Chas. W. Schwab, steel trust and other trust corps 2,000 C. R Mackey, Postal Telegraph Co 2,000 John W. Gates, stock gambler and trust operator 2,000 W. E. Corey, Prest. U. S. Steel Corp. 2,000 W. C. Sheldon & Co., bankers and fiscal agents 2,000 John Jacob Astor, tenement house owner 1,000 (Wm. Nelson Cromwell, trust v lawyer 1,000

Cornelius Vanderbilt, railroad interests 1.000 W. K. Vanderbilt, Jr., railroad Interests 1,000 Edwin Gould, railroad Interests 1,000 W. F. Havemeyer, sugar trust.. 800 B. N. Duke, tobacco trust 500 D. O. Mills 500 H. M. Flagler, Standard 0i1.... 500 Arbuckle Bros. Coffee Trust.... 500 Henry Clews, Wall street banker 250 This is only a partial list of the trust magnates and financiers who contributed to Mr. Sheldon’s fund. An index as to how much more Mr. Sheldon may be able to raise from these Interests for the national campaign, the fact may be cited that Mr. Cromwell gave SI,OOO to the state fund, and increased the amount to $50,000 for the national campaign. Fred W. Upham of Chicago is assistant treasurer of the Republican National committee. He is a millionaire several times over, and a member of the County Board of Review of Illinois, which passes upon the amount of taxes which corporations and large estates shall pay in that state. He is a director in several corporations and Is In charge of the collection of campaign funds in the west. On August 21, 1908, after his appointment as Assistant Treasurer of the Republican committee. Mr. Upham sent out thousands of letters to corporation officials whose taxes he passes upon as a member of the Board of Review, urging them to contribute to the Republican fund as “individuals,” and requesting them “to bring this matter to the attention of your business associates." The suggestion implied is regarded as significant. Five of the nine members of the Republican committee are: Charles F. Brooker, Connecticut millionaire, members of N. Y. Chamber of Commerce, and vice-president New York, New Haven Railroad Co., against which a government suit Is now pending, and one of the leading spirits in the brass trust. Frank O. Lowden, multi-millionaire, vice-president Pullman Palace Car Co., which is a monopoly. E. C. Duncan, director Atlantic & North Carolina railway, and other corporations, receiver Seaboard Air Line, and official dispenser of patronage in North Carolina. T. Coleman DuPont, controlling factor in Powder Trust, against which the government has a suit now pending for dissolution. Boise Penrose, political boss of Pennsylvania, head of the corrupt Republican organization in Philadelphia, and conspicuous in many corporations. Roy O. West, chairman of the Republican State Committee of 111., is also chairman of the County Board of Equalization, which passes upon corporation taxes. Fred A. Sims, acting chairman of the Republican State committee of Indiana. is also chairman of the State Tax board, which passes upon the taxes levied against corporations. Mr. DuPont has been forced to resign from the executive committee because of his trust connections, but Mr. Brooker, against whose company the government has a suit, is still a member of the committee. PROTECTING DEPOSITS IN BANKS. An Ohio Example of Taft's Position and Oklahoma’s Proof of Bryan’s Position. One of the planks of the Denver platform favors guaranteed bank deposits. Mr. Bryan addressed the Ohio legislature in February favoring guaranteed deposits. Former Governor Herrick subsequently addressed the legislature in reply to Mr. Bryan, opposing any such protection for banks and bank depositors. Mr. Taft, in his speech of acceptance, denounced the plank of the Denver platform, which declares for a national law for banks similar to the Oklahoma law for state banks, thereby coinciding in the views of Mr. Herrick and opposing the views of Mr. Bryan. Below are two dispatches showing what Mr. Bryan stands for and what Mr. Taft stands for: THE OHIO WAY. Cleveland, 0., Aug. 17.—The creditors’ committee, charged with an investigation of the affairs of the defunct Farmers and Merchants’ bank, the cashier of which, Henry W, Gazell, is under arrest charged with embezzlement, tonight reported that the depositors will be forced to shoulder a loss of $-115,000. The report, made in a meeting of 2,800 depositors, charged the deficit to Gazell, alleging his speculations proved disastrous to the institution. TAFT STANDS FOR THIS. THE OKLAHOMA WAY. Guthrie, Okla., May 21. —Within one hour from the time H. H. Smock, Oklahoma banking commission, had taken charge of the International Bank of Colgate he had authority to pay the depositors in full, though the bank’s cash and available funds In other banks fell $22,000 short of the total amount of deposits. The commissioner was able to do this under the operation of the new banking law, and this is the first time It has been called into use. BRYAN STANDS FOR THIS. The Republican National committee says It gets no money from the Standard Oil company. Does that concern, then, give its money direct to Republican candidates?

REPUBLICAN CALAMITY HOWLERS [lndianapolis News, Independent Rep.] In the course of an. editorial headed "The Country Will Be Warned,” the St. la>uis Globe-Democrat says It will be the duty of Taft, Cannon, Hughes, Shaw and other Republican leaders tc take special pains when they go on the stump to point out the disaster which would come on the country if by any mischance Bryan should be elect ed. We do not, of course, know what would follow such a program, but w« believe that any such calamity howl ing as that would meet with such a rebuke that there would have to be instant and complete shift again of the issues—which is about all that the Ke publicans have been doing since the Chicago j ?he country is in no mood to stand calamity howlers Think of the proposition—leaders of the Republican party, the party that has had uninterrupted control for twelve years, getting up in the midst of a panic that has been pinching us now for nearly a year and telling the people that if they elect the Democrats disaster will overtake them! What is it that has overtaken them now? What are we suffering from! Who is responsible for it? A nice pro gram, indeed, a calamity program would be! What the Republican lead ers want to get busy with is not seeing visions and interpreting dreams of what may, might, could, would oi should happen if the Democrats should be elected, but what has happened while the country has been in the ex elusive control of the Republican par ty, and what that party proposes to de to bring relief. It is a time for an ao counting of stewardship, not the bring ing of railing suppositions. ♦ * The people understand thia campaign per fectly. They know precisely what the Democrats propose. There has rarely been a platform more incisive than the one adopted at Denver, and no one could be clearer or less equivocal than the candidates have been. On the other hand, it is true, as Mr. Bryan says, pertinently, in his comment on the president’s letter of Indorsement of Mr. Taft, no one knows just what Republican doctrine is. Mr. Taft has amended the Chicago platform several times, and there are signs of anothei movement in that direction. But the Republicans have been in power for twelve years, and here w« are today with a year-old panic on ui and the end not yet. What the chancel for reform of any kind are under the Republicans we believe the people un derstand. And right at that point they are going to meditate and on that tc act. They are. we think, serious-mind ed about it and will not tolerate the calamity idea that half the people oi this country are unfit to administei public affairs. And if in the face oi this panic — this Republican panic — Republican Jeremiahs go up and dowr the land predicting the kind of things that the St. Louis paper offers, they will be greeted by the people with sneers and jeers. IS TAFT AN AUTOMATON? Weeks ago it was given out tha about the middle of September Presi dent Roosevelt would publish a lettei extolling the merits of Mr. Taft. Whet the letter appeared, it was dfsooverec that the president was still for Taft This was expected. Mr. Roosevelt had hardly used a quarter of a milllor federal officeholders to nominate Tafl for the mere pleasure of forsaking him So he says that he is still for him. And then he proceeds to tell whal he thinks Mr. Taft will if elected On this subject Mr. Bryan calls at tention to the fact that Mr. Taft is still alive and in good health and able tc speak for himself. And Mr. Bryan wants to know what Mr. Taft thinks he will do and asks that he make his position clear. It Is needless to say that Mr. Taft has not made his position clear on any issue—that he hai dodged and quibbled and tried in vari ous ways to amend the platform on which he stands and which was ape dally built for him. Surely Taft ought to know his own mind as well as Roosevelt knows it but he seems not to. As Taft is the candidate, and not Roosevelt, Mr. Bry an believes that the president's indorsement of the Republican candi date is without force unless he will promise to stay in Washington and run things for his man in the event of his election. And Mr. Roosevelt’s way of running things is open to fatal objections. The people want a new deal—and much squarer deal than they have had at the hands of Roosevelt, Taft, Gannon, 'Sherman, Cortelyou A Co.

I MARSHALL AND WATSON. During the special session of the I legislature last week Jhmes E. VI at son, Republican candidate for gover nor. stayed about the state house lob hying for partisan measures —working hand in glove with the Republica* state machine. ON THE OTHEP HAND, Thoma* R. Marshall, the Dem ocratic candidate for governor, contin ued his campaign in the state and re mained away from Indianapolis. He had advised the Democratic memben to vote as the party platform and theii consciences dictated. Beyond that h« did not go. And the Marshall way is better than the Watson way. TAFT ON WAGES Os Men. Widows and Orphans. While Mr. Taft was making a speed to the Republican clubs in Cinclnant last week a man in the gallery askec him what he was “going to do with: the unemployed.” In answer Mr. Taf! said: “I’ll tell you what I would do witl the unemployed. I would have then vote the Republican ticket this fail and they will get employment.” This is mere assertion. The Repub' lican party is in power, and yet for t' year millions of men have been out o’l employment. If the Republican part’l can give employment to men whe; “vote the Republican ticket this fall,’ why did it take employment awaj from them. But let us look below. Here is a dis patch dealing with employment an( ( wages subject to Republican control which we reproduce, headlines and all from the Indianapolis News of Sep tember 17th: WIDOW'S WAGES ARE CUT Uncle Sam's Pay for Their Needlewort Is Reduced. New York, Sept. 16.—Their smal wages already cut in half by the com 1 petition of labor-saving machinery, th< needlewomen in the clothing factor’ in the Brooklyn navy yard have learn ed with dismay that a further reduc tlon of their earnings is threatened. 1 The women are widows and daugh ters of Union veterans, and for thirtj years they have sewed on by hand thi white braid and stars for all the jack i les’ uniforms, numbering from 30,001 to 60,000 a month. Last week th< navy department ordered a reductioi from 10 cents to 5 cents a garment so: the braiding. These women cannot vote. They an widows and daughters of old soldiers! They are working under a Republica/ administration, sewing stars ant stripes on the uniforms of Uncle Sam'i seamen. Roosevelt’s administration of which Taft was so recently a part made one cut in the small wages o! these women and threatens to maki another. If the Republican party doei such a thing to these women, how cai men depend upon it? DEMOCRATS, BE ON YOUR GUARD [From the Marion Leader.] On last Monday evening the Chron icle of this city printed alleged inter views with about fifty saloon keeper! of Marion and Grant county, in whlcl it made these said liquor dealers sa-j in substance that they were all op posed to the election of “Jim" Watsoi for governor, as it would mean th< ruination of their business. They wen also made to say that they favored th« election of Tom Marshall for gover nor, as it meant the salvation of thei: business. On Tuesday the Leader called upoi these saloon keepers and in every in stance the interviews in the Chronich were pronounced as forgeries. No one liquor dealer in Marion could b< found who had uttered one word tx that paper or any other paper on thi 1 subject of state politics. The object of the Chronicle in print ing these bogus interviews witl liquor dealers is very plain. It is ex pected that temperance Democrats o' the state can be reached by such de ception. Seventy-five per cent of the salooi keepers misquoted are Republican! and are loud in their denunciation oi such dirty politics. On Tuesday of this week this sami Chronicle had printed 25,000 copies o their issue of last Monday containini the bogus interviews. These wen shipped to the Republican state head quarters at Indianapolis for distribu tlon over Hie state of Indiana. N« satisfied by trying to betray their owi party workers in Grant county, th. Chronicle, with the assistance of thi state Republican organization, now de sires to fool the people of Indiana. Democrats everywhere in the stat< should be on their guard. Watch for the Marion Chronicle nlast Monday with the bogus interview! from saloon keepers. Crush this deception wherever 1shows itself. r 1 Mr. Taft said that he would not kid a man when he was down—mean ini Foraker He just stepped to one sid j and let Roosevelt do the job. * *♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦< ♦ FILE certificates. < ♦ All Certificates of Nominations $ ♦ must be fifed not later than Oc- 4 ♦ tober 17th.

An AS WUWTOMO OF KISH UES AND OFFICIAL EXTRAVAGANCE NO7ED UNDER REPUBLICAN The following comparison shows the annual cost of the offlr». a an j wents mentioned for the year 1907 under the administration of Hanly, Republican, and the year 1894. under the administration of Matthews, a Democrat: Republican. Democratic. (See Acts 1907 p. 671.) (Be* Acts 1823 p. 361.)

Governor’s Office $ 58.550 Auditor’s Office 64,620 Secretary of State 15.390 Attorney General (Regular).. 20,050 Attorney General (Special)... 20,000 Treasurer of State 12,880 Supreme Court 46,200 Appellate Court 43.040 Reporter Supreme Court 10,350 Bupt. Public Instruction 10,420 Circuit Judges 218,700 Superior Judges 52,400 Prosecuting Attorneys 30.500 Bureau of Statistics 15,160 Adjutant General’s Dept 85,250 Bureau of Printing . 87,650 State Library 15,220 Department of Geology, etc... 21,040 Fish Commissioner .......... 9,500 Deputies and Expenses ....... 20,710 Board of Health 28,500 Board of Tax Commissioner.. 12,000 Care of State House .. 27,340

Total $925,470 Total ..... $43, Cost under Republican administration............. $925,471 Cost under Democratic admini5trati0n................ 431JM Increase under Repub1ican5............... $493,57| Being an Increase of more than 100 per cent under Republican adminis tratlon. A comparison of the receipts and disbursements and taxes levied for the years 1907 and 1894 shows the following result, all figures being official: Total taxable property in Indiana in 1894.... $1,295,166,(1$ Total taxable property in Indiana in 1907.... 1.767,815,467 Total state and local taxes in 1894................. 18,891,551 Total state and local taxes in 1907....... 36,056,275 Total state tax in 1894 (including sinking fund)... 4.463.89$ Total state tax in 1907 (no sinking fund) 6J.74.41J State general fund disbursements 1894 (including $647,088 on account of state debt)....,........... 2.787.287 State general fund disbursements 1906 (no payment on state debt) 5,093.25# The state auditor’s report for 1905 sets out the total receipts and disbursementß for the fiscal year ending October 31, 1905, as follows: Receipts $9,260,827.77 Disbursements 9.127.868.36 The report of ths state treasurer for the fiscal year ending October 31, 1906, seta out the total receipts and disbursements as follows; Receipts . $9,702.8671! Disbursements 9,099,21211 (The disbursements included nothing on the state debt.) The report of the treasurer for the fiscal year ending September SO, 190 T (®nly eleven months, due to a change in the law as to the ending of the fiscal year), shows the following as to total receipts and disbursements: Receipts $9,159,625 83 Disbursements 5,067,001.7\ (The disbursements included nothing on the state debt) It will be remembered that the heavy receipts and disbursements for the month of October are not included in the 1907 statement because of the shortening of the fiscal year. No full comparison, therefore, can be made of 1901 With other years. In marked contrast with the above reports of Republican management it the report of the fiscal year ending October 31, 1894. the last year the stats offices were occupied by Democrats. The financial statement for the year 1894 is as follows: Receipts $6,848,967.65 Disbursements (including $647,088 on account of state debt) 6,458,456.31 Excess of disbursements 1905 over 1894 2,669.412.04 Excess of disbursements 1906 over 1894 2,640,756 M This enormous increase in annual expenditures is out of all proportion to the real increase in the cost of administering the state's affairs. The multiplication of needless offices, boards and commissions, the Increase in official salaries and reckless appropriations of money in all directions are some of the reasons for the growing burdens that have been put upon the taxpayers. Under the last Democratic administration of the state the tax levy tor all state purposes was 32 cents on the SIOO. This included 3 cents levied for the state debt sinking fund, which left the levy for all other purposes at 29 cents. The levy made by the last Republican legislature is 33.35 cents on the $lO4. This includes nothing for the state debt sinking fund until 1908, and represent! an increase of 4.35 cents on the SIOO for general state expenses. The assess ment of property for taxation has been enormously increased. Ths 4.35 cents Increase in rate and the increase in assessed value will show the taxpayer where some of the extra tax burden comes from. It is merely his contrtbutios to the Republican variety of “business administration" in state affairs. NATIONAL EXTRAVAGANCE. A comparison of the cost of the national government under the last De®* cratlc administration and the present Republican administration, as shown ts the Congressional Record, Vol. 48. No. 38, pp. 7613-19: Total expenditures for four years ending 1897 $1 75 8 902.465 Average per year 439725,616 Total expenditures for four years ending 1909 3 426.809,371 Average per year The appropriations made by the last session of congress for one year alone were 1,008,804,894 Total expenditures for army and navy, 18 92-18 97 . . . 4 8 4,299,694 Total expenditures for army and navy, 1903-1908^1,328.679,524 tW ° purposes the last six-yea r period n6W ° ffiCeS Cr< ’ ate ' l in the six -year Period. 1893-1898..".' Cost of these new offices ......... • 6 018,417 CosT oTrhLTZ C ' eated ln the Six - year 1903-1908’. ’.'. ' Lost of these new offices $ 69 543 504 Total expenditures for last four y’eare Roosereß administration i.’ Total expenditures Civil War, years 18 62-1865 3 394,830,931 Excess of Roosevelt expenditures over Civil War period 33,978.440 RUNNING WILD. Speaking of the enormous expenditures of the Republican party, the »«’ anapolis News (Republican) at the close of the late session ot congress, reterrmg to the appropriation of more than a billion dollars for one year, o congress which appropriates more than $1,000,000,000 for a single ye» r n ope to escape criticism on the score of extravagance. It has uot bee# 1 MlH mC J 11 bini ° D <lollar COn S reßs was considered remarkable. Now we bare Ln svra 7 SeSSi ° D ’ ° r “ tW ° bii,lon d 01 1“ egress. Surely it is time •• ■tapisv the danger signal. •riations w'ith'n'' 111^8 outn “ nin ß receipts, with these monstrous apP'* ients and with CrUeHy C ° Bt ° f with extravagant local govern•conomlcal Zhr " T™ bigh “ t 0 US tba ‘ •tiil wita uATtbX YreTan P ° PUlar ’ The bUSineE9 •r is busier than ever ' men out of Yet the tax rates are Incres.i SO’ernmenta are heavily In debt and local tax ta exh aD ? e bo! ' r, ' W 8 prlation for the ensutag y°“ °' “ We haTe 0118 1 1 - 000 ’ 000 ' 000 checked." This disposition to run wild ought to

Governor’s Office » Auditor's Office Secretary of State Attorney General Treasurer of State 5 Supreme Court ’ Appellate Court ’ Reporter Supreme Court Supt. Publie Instruction 6 ’2 Circuit Judges Superior Judges ? ' Prosecuting Attorneys x'Jz Bureau of Statistics Adjutant General's Dept Bureau of Printing State Library-......., Department of Geology, etc... Fish Commissioner Board of Health Board of Tax Commissioners., g.O® Care of State House