Jasper County Democrat, Volume 9, Number 51, Rensselaer, Jasper County, 23 March 1907 — SOME MONEY COMES BACK. [ARTICLE]

SOME MONEY COMES BACK.

H. E. Harriman says that if the railroads will discontinue the making of improvements at this time and wait two or three years the improvements can be made “at a reduction of 20 per cent in the cost of labor,money and materials.” What does he mean by this? Does he expect a panic?

Governor Hanly vetoed Representative Green’s bill increasing the mortgage ememption from S7OO to $1,200 on the ground that the title was defective. The title was corrected and the bill repassed under a suspension of the rules. Then the governor vetoed it again on the ground that the state needs the money. As the legislature had adjourned when the last veto was made, there was no further chance to give the measure life.

T!iail M. Talcott, Republican, was defeated for senator from St. Joseph county by Yolney Bingham, Democrat. Talcott acknowledged his defeat in a personal letter to Bingham. But afterward, yielding to the voice of the Republican state machine, he instituted a contest. As this was absolutely baseless, even the Republican senate could find no excuse for unseating Mr. Bingham, but it allowed Talcott $784 84 for his expenses. The total expense of the contest was $1,346.74 and the taxpayers foot the bill.

The manifest purpose of the Republican dailies at Indianapolis to try to cover up the bitter strife in the ranks of the Republican party by false stories of trouble among the Democrats is most despicable. But it is not a new thing by any meaiiß. The same course has been pursued before, and no Democrat is likely to be deceived. There is no friction among the Democrats of the state. Just now the friction business is monopolized by the Republicans. They have on their hands the most bitter fractional fight—that they have ever known. It would seem, therefore, that the esteemed Indianapolis organs would have quite enough to do if they would faithfully ohroniole the real troubles in their own party.

To forestall further effort to send him to the penitentiary for larceny, George W. Perkins, a member of the firm of J. Pierpont Morgan & Co., and former vice president of the New York Life Insurance company, has returned to the latter company the $50,000 contributed by it through him to the Roosevelt campaign fund in 1904. The Republican national

oommitteee, however, is boldißg fast to all the loot that came into its coffers. Says the Philadelphia Record: » “It is not seen as yet that any others have followed the bright example of George W. Perkins in making restitution of money wrongfully taken from the stockholders of corporations. While others have thought about and t ilked about it, Mr. Perkins alone has been pricked by conscience int > action. If all the managers of corporations and trusts who contributed money of stockholders without their knowledge or consent to the last Republican camj :iign for president,, (not to mention previous campaigns) were to follow the Perkins example, what a restoration the country would v itness! In the interest of public morals and for sake of the good name of the financial world it is to be hoped that Mr. Perkins will have many imitators. If the truth were known there is no doubt that much larger contributions than his have been made by the managers of corporations having a greater interest in maintaining existing legislation which favors them.