from
Presidential Courage
1
Brave Leaders and How They Changed America
1789-1989
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Editor's notes:
1) Presidents elected on even
decades like 1990, 2000, |
7)
I SEE DYNAMITE
In December of 1901 TR had showed the
nation he was no McKinley when he wrote to Congress about the '
"grave evils" ' of corporate monopolies. He knew that ' "Americans
resented eastern bankers and corporate trusts whose dictates on railroad
rates and routs could destroy towns and farms." ' Ohio Senator
Hanna, who never wanted TR as McKinley's running mate, was stung when
he found out Roosevelt had sued to break-up Northern Securities. Hearing
the shocking news J. P. Morgan's son Pierpont Morgan bought shares in his own gigantic trust to avert
a financial
panic.
see
trusts
Excerpt
from-Wealth Against Commonwealth,1894
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The Politics
President McKinley had won reelection in 1900 by again beating William Jennings Bryant who was known as ' " Boy Orator of the Planes." ' Ohio Senator Mark Hanna had been McKinley's chief promoter and sold him like ' "patent medicine," 'calling him an ' "Advance Agent of Prosperity" ' and braking all campaign contribution records. The 7 million dollars was raised by requiring big business to fork over 4% of corporate assets. McKinley won by a landslide. Hanna would warn TR not to run for reelection. Pictured a 1896 Homer Davenport cartoon, suggesting that Hanna would be the real president. Click to enlarge. Roosevelt wrote a friend that "...his ' "chief fight" ' as President was against the new plutocracy who are ' "as unattractive now as in the days of Carthage." "Like both Adams and Andrew Jackson, he was taking a large risk by challenging the citadels of wealth and power," Roosevelt faced a pro business court system as demonstrated in 1877 with Munn vs. Illinois which had been a labor victory that would be overturned by the Supreme Court. Consumers were also hurt by court decisions as property rights over human rights had ruled and would continue to rule U.S. Federal Courts. See Pacific Railway Co. vs. Illinois |
18 BLACK STORM "... in the fall of
1902, he tried to stop the
coal strike that threatened, more than any event since
the Civil War, to divide the country." For months over 100,000 Pennsylvanian
miners had been striking. There was sabotage, riots and murder. The leader
of the United Mines Workers suggested a Presidential commission but
railroad man George Bear refused to bargain with ' " instigators of violence
and crime." '
Fearing ' "... the most terrible riots the country had ever seen..." ' Roosevelt got seventy-two year old ex--Commanding General of the U.S. Army John Schofield, to agree to, if necessary, to seize the mines using ten thousand troops. Roosevelt was please that the General, in his outdated skullcap and whiskers, did not look like a ' " military dictator" '. Using the threat of troops to nationalize the coal industry, TR got J.P. Morgan, still fighting off the National Securities suit, to use his influence to have a commission resolve the differences. 19) A ROUGH-AND TUMBLE-MAN Liking T.R.'s dexterity, the Republicans did well in the 1902 midterm elections. Roosevelt had the morals of a ' "green-grocer" ' and he felt easy divorces "...were dragging the country into the ' "barnyard." ' |
Roosevelt knew he might be braking the
Constitution by seizing property without due process of law but he felt
that ' :"The Constitution was made for the people, and not the people
for the Constitution." ' |
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1 From the 2007 first edition
2. Table, column and row titles, and name abbreviations are by Walter Antoniotti
3. Editor's addition |
For more on Washington see Don't Know Much About History Chapter 3 on Growth of a Nation from the Creation of the Constitution to Manifest Destiny and Meacham's Thomas Jefferson. PART VII reviewing Jefferson as opposition to the Federalists of Hamilton and Adams. |