The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1912-06-12
q Wall Street Turning to- Roosevelt ?

d Wall Street Turning to Roosevelt? I?
Baltimore Sun.
George w. Perkins. the McCor-
micks and other wealthy men have
heen open in their support of Roose-
Welt. Vast sums have been spent for
his nomination; that Is not denied:
hut the contributors resent the i'm
putation of ulJerior motives. They
like Roosevelt. they say. believe I'm his
politics and back him with their mon
ey. That s1.250.O00 has been spent
for him Is no news. Perkins and 9TH
ers have not attempted To conceal
their contributions. But this does not
mean that Nr. Roosevelt has anything
to do with their expenditures. or
that he has made any bargain with
tN""' They turn TO him. but he does
rof nr-tts r.ly rW, q. l,m
lcrE.r. wUs .1. Of lN. promoter.
OF the Steel Corporation .ua o.. GOD
thc M'cwmicE. armira thc 'iar-
sester Trust. The N.W York Her-
AID may be doing them and MIR.
Roosevelt an injustice In the report
that Wall street understands that
Mr.. kooscvelt's financial supporters
have received assurance that the
Sherman law Is To be amended and
that the slate Is to be wiped clean so
far as present suits against trusts are
concerned. on the ground that the
Government. in not having prosecuted
the CORPORATIONS earlier. was virtual
~ as criminal as they" True. MIR.
Roosevelt when President did stop
the prosecution of the Harvester
Trust and allowed the steel Corpora
uon To absorb the Tennessee Coal and
Iron Company. In his messages 10
Congress he proposed Federal regu-
lation Of corporations and opposed de-
struCtiOn If huge combinations -.
capital. lie held that good" trusts
should be protected and bad" trusts
prosecuted. I'm editorial articles in
the Outlook he has pointed out num-
srous defects In the sherman Anti
Trust law and advocated its amend
ment Good" trusts have no reason
To- anita sonize Roosevelt lie has ncv-
er been hostile to them. hut. on the
other hand he began the prosecution
OF The ftHndard on Company. Amcri-
can Tobacco Company. the Ecef Trust
and other combines
~ Iong az Taft had any chance of
election the biz financial interests
stuck tn him. The Brooklyn Eagle.
after "a thorough ana systematic
sounding uf sentiment among the big
oankers and hrokcrs uf Wall street"
concludes that they still want TAFT.
but as between Roosevelt and Bryan
ar Democrat of the l;ryan type. they
viii t'kr Roosevelt. bitterly as it
dislike Roosevelt. the New York sun
few days ago minated that if il
came To- a choice business men
would probably prefer Roosevelt tu
Woodrow Wilson. The Washington
correspondent Of the Ncw York Jour
nal ct Commerce. Ia close touch with
The financial interests. reports that
ConGrr ssmcu are surprised to nnd
various Wall street interests" turn
INK q" Roosevelt as against Taft
and that there is q growing and very
confident belief that Mr.. Roosevelt
will get tho support of a. strong sec
tiOn of the financial interests" They
resent Taft'S antitrust suits. cspe-
cially that against the steel Corpora
ton. whose acts. they consider. were
practically ratified Ly the Roosevelt
administration" Railroad men
Thought then when they accepted
Government regulation they were To
De allowed To- raise rates. and resent
the iniunctions ana decision uf IN,
Interstate Commerce Commission
against the increase. The Journal uf