The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1912-05-04
New York Sees Only Victory for
Democrats.
Election Regarded by Brokers
as Already Decided.
POLITICS NOT FELT NOW
Experts Pick Gaynor as Man to
Win.
Some Say Bryan Will Be the
Candidate.

New York. May Avail street con-
tinues upon the somewhat eccentric or
unexpected path which it has followed
since the beginning of the year. Some
OF the presidents seem to have been
ignored The political agitations and
the turmoil which characterize the
preconvention presidential politics,
which are without any precedent in our
political history, might, so far as Wall
street Is concerned, have taken place IN
England or upon the continent of Eur
ope. This is true both of the Wall
street OF the stock exchange-which is
speculative Wall street-and the Wall
street OF the Clearing House associa-
tion-which is the financial heart of the
nation.
So far as inquiry can obtain the facts,
Wall street is not Indifferent to the
ing upon these political skirmishes
with the eyes of an observer rather
than participator. The truth
seems to be that Wall street and, in
fact, almost all of the business men of
New York, now regard the election of
next fall as having been already de-
cided. 1t is Wall streets view and that
of many business men that the Repub-
lican party is split wide open. For that
reason these men are saying that the
election is already decided. They are
persuaded that the Democratic party
matter who the candidate may be, and
that the victory will be so sweeping
that the Democratic majority in the
lower house of congress, whose MEM
bers are to be elected next November
will be greater than it is in the pres
ent house and that as soon as state
elections for United States senators
can take place the Democratic party
will be in majority in the upper house
of congress.
Very likely it may be this reason
that the results of the election are al
ready forecast-which explains the fact
that the Wall street of the stock ex-
change is not disturbed by the pre-
convention politics.
There are, however, two views in Wall
street respecting the identity of the
Democratic candidate for president.
Nobody can be found excepting two
or three of the personal friends of Gov
ernor Woodrow Wilson who believe that
the governor will be nominated at Bal
timore. Furthermore, very few are
persuaded that Speaker Clark can be
nominated. The impression is voiced
by some of the Wall street brokers that
an understanding does exist between
the friends OF Governor Harmon OF
Ohio, of Oscar Underwood, leader of
the majority in the lower house and
of Speaker Clark, which will lead them
into a solid phalanx, if that be nee
oSSdTy, sufficiently strong 10 make IL
for Governor Wilson to OBJ
tain a two-thirds vote in the conven-
ton. Some of the Wall street men
and among these are numbered the men
who have had some experience in poll
tics-are inclined to the view that the
Democratic nominee will be a man who
has not been supported in any of the
preferential presidential primaries. Oc-
casionally it is spoken of as not inn
probable that the candidate may be
Mayor William J. Gaynor of this city.
Coming From Behind.
1t does not fail to impress inquiries
in the Wall street district, however.
that the more substantial opinion there
now regards the nomination of Will
liam J. Bryan as probable. Some think
it is inevitable. Recently there has re-
turned to the Wall street district a
man of affairs-not financial-there who
has been for some three or four weeks