The New NationPaxson, Frederic L. (Frederic Logan)
History
The New Nation
Paxson, Frederic L. (Frederic Logan)
United States -- History -- 1865-1921
The result of the election was proof of the public confidence in
Roosevelt. He carried every State outside the South, and Missouri and
Maryland besides. His popular vote was over 7,500,000, while his
plurality over Parker was more than 2,500,000. In the last week of the
canvass Parker charged that the trusts were supporting Roosevelt, and
that the reform demands were only a pose. He pointed out that the
Chairman of the Republican National Committee, who had succeeded Hanna,
George B. Cortelyou, had been Secretary of Commerce and Labor, and thus
in a position to examine the books of corporations. He hinted at a
political blackmail of the trusts, and many of the papers that
supported him were outspoken in their charges. An indignant denial of
blackmail appeared over the President's signature the Saturday before
election. Later investigation proved that many of the great corporations
had, as usual, contributed to the campaign fund, and that Roosevelt had
urged the railroad magnate, Harriman, to contribute toward the campaign
in New York.
As soon as the results of the election were known, Roosevelt answered a
question that was on the lips of many. His three and a half years
constituted his first term. He was now elected for a second term, and he
characterized as a "wise custom" the limiting of a President to two
terms. "Under no circumstances will I be a candidate for or accept
another nomination," he declared.
BIBLIOGRAPHICAL NOTE
The history of the recent trust movement may be followed in the writings
upon the United States Steel Corporation by E.S. Meade and H.L. Wilgus.
There is a detailed and gossipy _Inside History of the Carnegie Steel
Company_ (1903), by J.H. Bridge. W.F. Willoughby has made searching
analyses of Concentration and Integration, which may be found in the
_Yale Review_, vol. VII, and the _Quarterly Journal of Economics_, vol.
XVI. The prosecution of the Northern Securities Company brought out many
typical facts of railroad consolidation, and is best described in B.H.
Meyer, _A History of the Northern Securities Case_ (in University of
Wisconsin Bulletin, no. 142). More general material upon these topics
may be found in E.R. Johnson, _American Railway Transportation_ (1903,
etc.); F.A. Cleveland and F.W. Powell, _Railway Promotion and
Capitalization in the United States_ (1909, with an admirable
bibliography); Poore's _Railroad Manual_; and the files of the
_Commercial and Financial Chronicle_. The voluminous Report of the
Industrial Commission (19 vols., Washington, 1900-02) is a storehouse of
facts upon industry; labor conditions are illustrated in the Annual
Reports of the United States Commissioner of Labor, who has also special
reports upon individual strikes, including that at Cripple Creek in
1903. The history of the campaign fund in 1904 was partially revealed in
an investigation in 1912. H. Croly, _Marcus A. Hanna_, is invaluable for
these years.
CHAPTER XIX
THE "MUCK-RAKERS"
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