Jasper County Democrat, Volume 15, Number 47, Rensselaer, Jasper County, 14 September 1912 — Shows Up Roosevelt. [ARTICLE]

Shows Up Roosevelt.

The report of the majority of the committee that investigated the steel trust shows conclusively that the purpose of the organization was monopolistic, that its original capital was one-half water, that Morgan and his crowd made vastly excessive profits out of the organization work, that prices were controlled and fixed, and finally that there was no justification whatever for Roosevelt’s permitting the steel trust to grab the Tennessee Coal and Iron company. It is shown than the panic was over at the time this permission was given, and that Roosevelt had thanked Cortelyou, his secretary of the treasury, for his handling of the Wall street situation. It is pointed out that the banks Involved were all solvent, and that there was no trouble till the publication of the Perkins letter saying that one of the trust companies was a serious element in the problem. It seems to us that the case as here presented against Roosevelt is conclusive. Had he merely kept silent nothing would have been done. But he promised not to interfere, and the result was that the chief riVal of the steel trust was absorbed.