The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-02-19
WALL STREET
CAPITULATES
Trust Financiers, Fearing the
Hearst Boom, Get in Line for
Roosevelt.
Ills Even Said That James j. Hill
Would Make Peace with the
White House.
Tremendous Strength of Roose.
welt Sentiment Has Overawed
the Vested Interests.
From The Journal Bureau Colorado Building
Waahineton. -

Washington.
Washington, Feb. lev. r. Hearst
has proved the last straw on the back
of the New York financial interests
and the gentlemen of Wall street are
now fleeing to the White House for !
refuge
| This sounds strange. but it is true.
| The trust financiers are coming in. A
| number have called recently while 9TH
ers have written and still others sent to
| say that they are cordially in favor
of the nomination and election OF
| Roosevelt.
Among the presidents recent call
ers have been Stuyvesant Fish, presi-
dent of the Illinois Central; John P.
| Green, vice president of the Pennsyl-
vania, and Colonel John A. Mccall,
of the New York Life Insurance COM
pany. 1t is even said by an excellent
authority that J. J. Hill of the North
| ern Securities company has come
| down. meaning that he is looking to-
ward peace.
Wall streets surrender is the direct
result of the failure Of their well-laid
| campaign to pack the republican con-
vention against Roosevelt's nominal
ton, followed by the phenomenal
growth of the Hearst presidential
boom.
! Failing in the former purpose, it
was the fervent desire Of these inter-
ests to dictate the candidate and plat
form of the democracy. Their advice
was to have both conservative-tof fol-
low Clevelands advice to make the
] party a refuge for conservatism.
Hearst no Refuge for Conservatism.
But Hearst is no refuge for conserv
atism. AS between Hearst and Roose-
welt, the financial interests prefer the
latter and, if necessary, are willing to
eat all their bitter words about Roose-
welt. s
Up to date thirty-eight delegates to
the national convention have been Sc
lected and all are pledged to Roose-
welt in writing or by instructions. In
the selection of these delegates the
strength of the Roosevelt sentiment in
different parts of the country was
demonstrated to be SO great that even
the New York opposition was obliged
to acknowledge it.
In several districts where the Sc
{ lecti6ns We're made, the opposition
poured in money and made the effort
to secure anti-Roosevelt delegations.
This was done notably in Kansas City,
, where primaries were held; but the
deposition ticket was absolutely
showed under, in q number of pre-
cincts getting one or two or even nc
votes and a total of only 200 in the
entire city.
{ In the twelfth Pennsylvania district
y Schuylkill county, with a population OF
10000 the opposition could get no
party workers even for high wages
and withdrew from the field in dis
~ grace. ...
y In Florida, where ten delegates
{. have already been chosen, no republi-
- cans could be found to take up the
!, anti Roosevelt contest and the same
y was true at Atlanta, Ca, in the sew.
= enth district Of that state.
Money Proves Powerless.
These experiences were sufficient te
convince the New Workers that even {
big campaign fund (and the none,
was practically limitless) was power
7 less against the overwhelming feeling
of the voters in Roosevelt's favor. Ac
cordingly, the effort to capture the re
publican convention was abandoned.
Now Wall Street is engaged in try
r. ing to make the best Of a bad situa
ton and to make friends with tn
powers that are to be. Roosevelt i
chershing no grudges. He says h
always believed these interests Woul'
% learn in time that he meant them n
harm and he greets them all with tn
L glad but non-committal smile.
q, 1t is worthy of remark that thi
" change of front of eastern financia
l. interests began to show itself befor
Senator Hanna's fatal illness begar
His death has had nothing to do wit.
it. The change was emphasized b
lg the growing strength of the Hears
oy movement and the capitulation of tn
r. vested interests came along before
he was known that Hanna could not re
In cover.
eel 1t is predicted here that less will b
RS heard from now on of the Fairbank
IL vice-presidential boom. The suspi
n cion may do the Indiana gentleman a
in inc & "a ms II
politicians have never believed thu
he boom to be sincere. They hav
ew thought that he was consenting
IT. pose for second place, in the hope u
is timately of securing first place. BIZ
at with the f1attenng out of the Roose
n welt opposition, it is figured that Fail
he banks will be less conspicuous tina
is, before. His chance for being nom
o. mated for the presidency, of cours
U.s. rested on the continuation of the Wa
Street opposition to Roosevelt.
to w. w. Jermane.