The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-21
THINKS TAFT LOSES
AND ROOSEVELT GAINS
Financial Editor of Econo-
mist Says Corporations
Favor EX-President.
FOR PURE TEXTILE LAW
Principles of Pure Food Legis-
lation to Be Applied to
Dry Goods.
FOR PURE TEXTILE LAW

EIchhu ana tUdt houScNtlt 10 '"" ;
into popularity with Wall street ana
the Interests as presidential posi-,
blities is the opinion Of Mark Osmand
Prentiss. financial editor OF the Dry
Goods Economist. published at Ne"
York. Mr. Prentiss travels extensive
u both in this country and ABROAD anu
js constantly in touch with the poht-
icsl sentiment in various parts or the
country.
''There seems TO he little question,
said Mr. Prentiss, "tbst Taft is losing
ground every day. and that Wall street
end the big money men are leaving
him. During the last month or TWO
there has been a remarkable advance In
Roosevelt stock for the presidential
nomination. Indeed this sentiment ap-
pears go strong that it would not De
at all surprising il Roosevelt captured
the nomination hands down.
''It seems 10 ME to be certainty
that Taft is lost. Indeed, after
luncheon given President Taft by the
Hamilton club in Chicago. he told some
Of his more intimate friends that he
was not at all confident, This got into
the newspapers. and il has never been
denied
Wickersham Is Hostile.
1.-The financial interests feel that
President Taft has lost his stability
and that they can be sure of nothing.
ATTORNEY General Wlckersham has the
running of things and 1t is well known
that be is AT outs with tne Dlg inter
ests. Although Mr.. Wickersham was
lo h1-
fore he entered the president S cabinet,
he is doing everything in his power
now to make the way of the big cor
poration as rough as possible.
The big money interests say tnat
while Roosevelt goes after them with
sharp stick they always know where
he stands. He fights IN the open.
They regard Taft as vncilIating and
uncertain, and for that reason they
prefer man who fights them openly
10 one whose position is one of which
they eau never be sure.
81 think Governor Wilson will be
the Democratic choice. He Is n big.
broad. able man. and a man who com
mands admiration wherever he goes.
lie j. not afraid 70 speak his mind and
has always. in his replies to questions.
Ict il be known precisely what he
meant In fact. you eau take any SEN
teuce Wilson has ever spoken on pub
lic questions and paste il In your hat.
They arc the kind Of sentences that
contain ali the meat in few words.
"Nominates' Governor Wilson.
Not long ago Governor Wilson WAS
in attendance at the southern COM
mcrcial congress at Savannah. He
made fine impression on those south
erners. In the Piedmont hotel one
evening ! had the honor Of placing
Governor Wilson ON table and intro.
ducine him as the Democratic NOM
inee \ good MANY, YOU will rcmcm-
Der. claimed that thev were the first
10 nominate McKipleys ] think per
baps ! had the honor 10 be the first
10 nominate Wilson.
Il have always been a strong Re
publican, but | am a supporter Of VIII
SON | have met inuumerablc Repub-
licsus who feel the same wsv about it.
'.Thcy DO not take Harmon serious
j.. in nv opinion. in the cast and
Champ Clark will not be a considerable
dnantiiv- as / read the sentiment,
With Wilson and Roosevelt opposing
each other | think business would he
GIN to revive ut once, and il is my opin-
ION that the sooner the sentiment for
these two is crvstallizcd and the pco-
ple of thc country know that it is TO
be these two. there viii be a restora-
tion Of confidence that Will send things
forward with strong leans and the
country will not have to wait until
the presidential election is over 10 fiud
out what IS gong TO happen. With
Wilson aud Roosevelt the country
would al least know where they
stand
One Big Banks Opinion.
As trite illustration of what obSta.
cles the financial interests arc eucoun-
trrinG. Mr.. Prcptiss cites the case of
the National City bank Of New York.
The National City bank Of New
York, said Mr. Prentiss. mot long
ago organized The National CITY corpo-
ration II was proposed that this cor
poratiou should handle "A class of bust.
ness that national banks cannot do. For
example. il would handle private paper
The National City bank took $4,000.
p00 or IT'S surplus Of dividends. S2j.00O.-
600 or more. aud organized the National
CITY corporation. In this they were
following wellestsblished precedent.
practice that was started nine wears
ago by tho Firsi National bank of chi.
caGo. and now followed bv Twenty-Five
or thirty banks in the United States.
We'll tncY submitted the plan 10
Secretsry MacNeagh and he approved
II. but Attorney General Wickershgm
declared that il should not he and the
result has been that the bank has rot
onlv taken tho $4,000. 900 out of cirru.
lauon. but also has closed down on its
general operations. The action on the
part OF the attorney general was taken
because the proposition was n big thing
and for no other reason--iust because
il was big thing.
Why Bank Is Chary.
Now. the National City bank is az
big an Institution as the Bank Of Eng.
land and there ism a project or ents-.
prise from california 10 tho AtInntie
coast that. in ono form or another
docsn Z 90 through that bank. II ism =
likely that the bank will be verv kind.
" inclined towards anv financial un.
dertaking when II has been treated in
the manner outlined. -
Mr.. Prentiss thinks that the recent
speech of George W Perkins at De.
troit was inspired by Wall street. when
re said that the men with capital would
ceasc for a time the pursuit OF com
mercc and put :heir backs TO tho wall
and await Developments. holding off
until they we're assured with certainty
rel 6a+ e.. H.