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“As for Rockefeller and Standard Oil, they had made a terrible investment. Not that it mattered, but it’s not clear whether the company even got its money back. Attorney General Philander Cox, who had heard Roosevelt dictate the letter to Cortelyou, told him, “Why, Mr. President, the money has been spent. They cannot pay it back—they haven’t got it.” Roosevelt, who did not care if the truth got in the way of his PR efforts, responded, “Well, the letter will look well on the record, anyhow.”
Tevi Troy, The Power and the Money: The Epic Clashes Between Commanders in Chief and Titans of Industry

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