The Washington times., 1911-09-28
WALL STREET WILL
EORSAKE TAFT FOR
GOVERNOR HARMON
Presidents Antitrust Activ-
ity Stirs Resentment OF
big Business"
RAIL STOCKS, DROP
:. SINCE HIS MESSAGE
Democrats, With Ohioan Leading,
Will Be Depended On For
Safer" Policy.

By JUDsoN c. wELLIvER.

In retaliation for the anti-trus activ-
fly Of the Administration. the great
business interests of New York are re-
ported to have determined definitely
that they will lend no further support
TO the Republican Administration. that
they will drop all concern for that
party. and that they will undertake to
bring the country back to "safe and
sane policy through the Instrumental
ity OF the Democrats.
Resentment of the antitrust zeal Of
Attorney General Vickersham has been
at hicN pitch for a long time in the
most important business quarters. FIX
pressions of President Taft during his
present trip, especially some remarks
in his speech at Detroit. have con-
vince,l certain people that the Attorney
General represents his chief. and that
there is no probability. or even possi-
bility, that the Wiley incident will be
made pretext for change at the head
of the Department of Justice.
They Will Reply.
For several days, particularly since
the President crossed the Allegheny
mountains and began to put a pro-
gressive flavor into speeches that were
intended for the Western audiences.
the feeling of concern has been increas-
lngly marked in the big business GEN.
ters.
It is now reported that the Presidents
program of rigorous enforcement of the
antitrust law, which was outlined Ia
The Times recently, is to be met with
immediate and vigorous retort from the
fnfara4tS In the UifhdTa wal of
their last vestiges of approval and sup
port.
Beyond this, the understanding is
that these interests have determined
that they have no hope in tine Repub-
lican party; that If it should unload
Taft 1t would only nominate some other
man even less satisfactory tc business.
Therefore the Democrats must be taken
up as the only party which affords
reasonable chance Of taking ato the more ore
Government to the big corporations.
Two days ago a letter came to Wash
ington from a man of national note Tor
his association with great business al
fairs. which said that he had learned
in New York that the leaders in big
Business had determined to drop Presi-
dent Taft.
The statement was regarded by those
who received II as entitled to especial
consideration because of its source
The writer is man whose large busi-
ness interests keep him in close touch
with the most important men In ousl-
ness New York, and, he has been, In
other times, source OF reliable In
formation on such matters.
In his letter this gentleman mentioned
that the New York Sun had been repre-
scented in a conference on this subject
and that the determination had beer
reached to oppose the President.
Two Editorials.
Yesterday the Sun published two edi
torials which are regarded by people
who saw this letter as especially sig
ni6cant One. entitled "A Prophecy
Realized. presents figures SHOWING
that since President Taft's message Of
January Z, 1910, twenty important rail
road and Industrial shares have shrunl
titled Mr. Taft's Inherited Crusade
ARainst Business" takes the Eresi
dent to task for his Detroit speech up
holding the Sherman law as safe anc
sane policy.
The tenor Of the two Sun editorials
clearly indicates purpose of attack or
the trust policy of Mr.. Taft and OF
Attorney General Wickersham. They
are regarded as substantially verifying
the prediction of a determined oppo
sition to the President from this time
forth by the large business interests o.
the metropolis.
Politicians who have been informed
Of this business mans prediction, and
who have been watching the evidences
from New York, said today that they
did not believe, If the business powers
turned squarely against Mr.. Taft. they
would support any man for the Repub
lican Presidential nomination.
They will support Harmon for the
Democratic nomination and election
and use every means to make him the
successor of Mr.. Taft" said a progres'
siye Republican leader