Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1910-09-26
POLITICAL PANIC.
Wall Street on War Path
For Saratoga Nominee.
Roosevelt in Control and Odd
RamitjCatiOnS Are Seen.
Party Lines Have Vanished in the
Financial District.

Financial District.
Boston, Sept. 24.-Theodore RooSe-
welt will control the Republican state
convention which assemblies at sara
toea next Tuesday, writes Llhcoli'
the veteran correspondent OF tle
TRANSCRIPT. from New York. The ef-
fort TO break his prestige VIII now pc
Turned toward the candidate whom
that convention dominates Never
before were the business interests
popularly and somewhat caroleSSiv
DESIGNATED as Wall Street so arous-
ed to the necessity Of getting busy
in politics as now They are IN a
state of panic over Roosevelt and the
possibilities of his future. The press
of this city, always hostile to him, has
of late displayed degree OF bltter-
ness that has intlamed to unpreceden-
ted heat all who come within us
sphere Of Influence. The pecullar
conditions of his victory over wee
President sherman, nearly unahl-
mously acknowledged today, nave
given the conservative classes OF TINS
city something akin to a fright.
They are declaring this afternoon
with an emphasis which leaves no
doubt as to the sincere determination
of their purpose that the Saratoga
candidate must at all hazards be de-
feated. Party lines within the Wall
Street district have vanished. Hearst
who cabled Roosevelt to come back
and drive out the bosses, will I'M
doubtedlv be with the ex-Presdent in
the coming campaign, and particular
lv furious will be his fight and that OF
the remnants of his independence
League in case the Democrats at
Rochester next Thursday should nom
idate Gaynor. as now seems likely.
An Odd Alliance.
The ramifications of this new ALI
ance are many and curious. NeWSpa
pers which have been crying out
against Gaynor'S acceptance OF the
eubernatorial nomination as q desef :
ton Of mis- real post of duty are now
moderately willing to have him do So
because of the opportunity which II
would afford for clear cut snow
down of the Roosevelt Hearst strength
on one side against that of conserva =
tive people on the other. 1t IS as
sumed that the old guard Republicans
whose control of the party is now
terminating will quietly aid the DEM
ocratic candidate, virtually saying to
the ex-President: You have nonlna-
ted your man. now let US see you
elect him. sAfter YOU have found out
how weak you are, perhaps you ana
the deluded faction of the party un-
der YOUR influence will come back to
get our help"
Barrel Will Be Wide Open.
The money that will be poured into
this campaign to defeat the Roosevelt
candidate will bear evidence of the
genuineness of the alarm which the
new nationalism has created. Mark
Hanna in the heyday of his fame
would have been envious of the re-
sources which will he at the disposal
Of any half-deccnt standard bearer
who sets out to cumnaSs the defeat OF
the Roosevelt man who is candidate.
Ono United States senator in this
city today, always allied with the con-
servatiye interests. tells the writer
that the majority which this state is
preparing to pile up against the can
didate of the Roosevelt convention
will make ballot counting merely a
pastime on the evening of Nov s. The
business interest believe the time has
come to break RoosRelt's reputation
as a warrior. They wonder that with
his reputed astuteness he has afforded
them such a felcitous opportunity to
do of ifh in, nd -tyrln
They believe in Democratic year
like this New York would ordinarily
have given 5000 Democratic majority
and that with an impending cleavage
in the party not exceeded by that in
Folger's time which let Mayor Cleve-
land of Buffalo into the governship by
a plurality of 10000, although his to-
tai vote was smaller than received the
next year while losing the State, they
hold that Roosevelt will get lesson
which will last him a good long
time" Wonder that he has been will
ing to Identify himself with this cam
paign at all is widely expressed. But
in all this discussion there arises one
extraordinary but" What if he should
carry the state in year that every
other Republican in debatable terri
tory was losing. That but is worth
a hundred thousand dollars to the
Democratic campaign committee
Roosevelts success in the campaign
within his own party which is now
closing admits this but" to the cate
CORY of possibilities worth discussing
and to the extent that it is so rated
the the business mems alarm grows.
All the great newspapers of today
virtually admit Roosevelt's control at