The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1912-07-07
MARKET EXPECTS
TO REMAIN CALM
Satisfaction Is Expressed
Over Baltimore Action
VIEW OF ROOSEVELT
His Big Financial Backers Are Ex-
pected to Get Sick One BY One
And Take European
Trips
BY w. C. NICHOLAS

New York, July Especial Wall
street is digesting and analyzing the
political situation and trying to figure
out how TO make money out of 1t: 1t Is
an interesting problem and everybody In
the financial district Is puzzling over
1t. First off, there was great salts
faction over the results of the conven-
tions-more so over Baltimore than Chi
eago. The prevailing view in that there
Is no longer occasion for fear that UNI
bridled passions of ambitious men may
thrown the country into commissions. For
the time being madness has been UNI
horsed. The consensus of opinion In
Wall street is that the protesting ele-
ment of society is being properly repre-
scented in the Baltimore candidates and
platform, and that although the prom
Use is held out by both that wrongs
and imperfections now complained of
will be remedied. there is no threat of
fire and sword There is an assurance
of sanity and intelligence in trying for
the reforms demanded. The thought
that is uppermost in most minds is that
1t will make no very great difference
which of the two parties wins in No
vember. unless something should tran
spire before the election or an unfore-
seen and disturbing nature.
The excuse having disappeared in
whole or part for the continuance of
the Roosevelt third party, people In
Wall street are wondering when Colonel
Will -
withdraw and await a more fortuitous
occasion. The financial backing which
would be required for the organization
of a new party is the thing that has
given rise TO the gravest doubt as to
whether the oyster Bay plans will go
very far. 1t is the understanding that
the Messrs. Perkins Mansey, McCor-
mick, and a few of that multi-million-
aire group. have pledged themselves to
see that the necessary funds are sup
piled Just how far this kind OF I'M
derwriting can be materialized into
cash is one Of the issues that is sur
rounded with Interrogation points This
group of capitalists are believed to
have already contributed more than ST.
100000 to the advancement OF Mr..
Roosevelt's ambitions. 1t was one thing
to go down into their jeans for this
enormous sum OF money when there was
a prospect of winning. 1t is quite a
different proposition to finance re-
venge and disappointed ambition for q
presidential loser. II is too much like
throwing good money after bad, and no
one would be greatly disappointed IL
Mr.. Roosevelt's financial hackers got
cold feet. One of them is already COM
planning of indisposition, and his phys
ician has advised him to take a Euro :
pean trip. III health may become cpl
demic in that neighborhood. in which
event the $2.000,000 to $4,000, 900 cam
paign fund would have to be put up
by the scattered admirers In the $500
separate counties in the 4s states. The
prospect is not such as to fill the ultra
progressives with volcanic ENTHUSIASM
over the success of the hero of Kettle
Hill. At the same time there Is enough
of the element of chance in the situa-
tion to keep the markell more or less
Keyed up for the time being, and until
something definite develops.