Contemporary American History, 1877-1913Beard, Charles A. (Charles Austin)
History
Contemporary American History, 1877-1913
Beard, Charles A. (Charles Austin)
United States -- History -- 1865-1921
But Mr. Hanna's greatest exploits in financing politics were in
connection with Mr. McKinley's campaigns. In 1896 he at first
encountered some difficulties because of his middle western connections
and the predilection of Wall Street for Mr. Levi P. Morton in preference
to Mr. McKinley. "Mr. James J. Hill states that on August 15, just when
the strenuous work of the campaign was beginning, he met Mr. Hanna by
accident in New York and found the chairman very much discouraged. Mr.
Hanna described the kind of work which was planned by the Committee and
its necessarily heavy expense. He had been trying to raise the needed
money, but with only small success. The financiers of New York would not
contribute. It looked as if he might have to curtail his plan of
campaign, and he was so disheartened that he talked about quitting. Mr.
Hill immediately offered to accompany Mr. Hanna on a tour through the
high places of Wall Street, and during the next five days they succeeded
in collecting as much money as was immediately necessary. Thereafter Mr.
Hanna did not need any further personal introduction to the leading
American financiers."[57]
Many grave charges were brought against Mr. Hanna to the effect that he
had no scruples in the use of money for corrupt purposes, but such
charges have never been substantiated to the satisfaction of his
friends. That in earlier days he employed the methods which were common
among public service corporations, is admitted by his biographer, but
condoned on the ground that practically every other street railway
company in the country was confronted with the alternative of buying
votes or influence. Mr. Hanna's Cleveland company "the West Side Street
Railway Company and its successors were no exception to this rule. It
was confronted by its competitors, who had no scruples about employing
customary methods, and if it had been more scrupulous than they, its
competitors would have carried off all the prizes. Mr. Hanna had, as I
have said, a way of making straight for his goal.... He and his company
did what was necessary to obtain the additional franchises needed for
the development of the system. The railroad contributed to local
campaign committees and the election expenses of particular councilmen;
and it did so for the purpose of exercising an effective influence over
the action of the council in street railway matters."[58]
Public-domain text, read in full here on John Shaqi.
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