The Birmingham age-herald., 1912-03-10
STREET NOW PUTS
 RELIANCE ON TAFT Fairbanks Is Suggested in
 Case of Deadlock POLITICS AS FACTOR An Enormous Business Organization Headed By Wanamaker Planned
 to Hold Balance of Power
 in the Election
POLITICS AS FACTOR
By ". G. NICHOLAS

By ". G. NICHOLAS
 h New York, March 9.-(Speciap-Ihe forces which got to work last week TOT market improvement are still on the Jop' That might not be highbrow oellin- tion of market conditions, but II ae- scribed the situation and Will not pc misunderstood. The street has taken at it's proper appraisement the full mean ing of the administrations stand in op- position to nasty tariff revision, and 1t is taken for granted that nothing that is immature will be allowed to find a K place on the statute books with the con E sent and approval of the President. Having thus established himself In fixed opposition to radcalsm and dis turbing developments, Wall street is again turning kindly front towards MT Taft, and is forgetting the harsh things 1t was saying about him only a few short weeks ago. As between Mr. Taft and Mr Roosevelt, the great interests are lining up very strongly on Tafts side, not that they would be averse to Ii another sterling character in the confi- dence of the business and industrial communities, but no other such man ap-
 
 the demands unless it be that latest of remote dark horse possibilities just sprung, upon startled world-former Vice President Charles W. Fairbanks. MT Fairbanks is recognized as one of the most frigid and unrelenting of the granite rooted conservatives. The sug- | gestion of his name, strangely enough, does not strike the street as being al- together ridiculous, and in the event of a nasty row about convention time, stranger things might happen than his selection as compromise. With MT. Fairbanks in the White House, heroes l of Arctic and Antarctic exploration would not have to go far from home l fto strike the lower temperatures. One of the things that has helped to build for market strength is well de- fined understanding among the really inn portant people of the street, that the business interests will be massed against radicalism in the coming presidential and Congress campaign. The stret has been hearing of this for some time back, and it has contributed in an important de- gree to the underlying strength of a growing bullish feeling The announce ment that MT. Wanamaker was to head great business mems organization is
 gnized as a local demonstration of
 t Is designated to be a tremendous
 ona movement outclassing the fa- aaus Mark Hanna campaign, and mak- 1lE the Hartman sunshine play of efei years ago look feeble by com l f& son. A new element has been dis ecgered since Mark Hanna was on the
 ge which is to be utilized this year, Il matters go right-namely, the exist ne and voting strength of not less
 stock
 aausands of corporations representing
 associated business of the nation. It
 said to be the purpose of the pro-
 oters of this gigantic campaign in na- tional politics to call upon this colossal army to vote in unison for common cause, to-wit, the protection of vested interests and property against the raids of the mob, inflamed by demagogic ora tory and mistaken argument. This great force, if it can be marshalled under strong leadership, and convinced by ar gument and facts that self-interest will be served by voting en masse, will be enough to control the election, it is ar gued. Plans are already under way to bring to bear with all the old time thea trio effect the arguments employed upon the millions of working men, whose wages will be moved up. or down as Congress may legislate on the tariff
 Wall street is talking about these Things and is giving earnest klought to the possibilities and intrigues If national politics and the policies of Candidates and parties than at any time in years. Feeling strengthens that the Roosevelt movement will result in la mentable failure, although it may have vitality enough to organize a dangerous explosion at the end-meaning a revolt and a third ticket headed by the hero of Kettle hill. The quiet talk among the
 
 views of the field marshals of high fin ance and high politics is that the tre- mendous business mems organization will make such a profound impression upon thinking and solvent people that radi- calsm will be ehgulfed in utter dis aster, when the real test is made at the 1bols in November. Wall street con- Etinues to hear from Washington that Governor Wilson still leads Champ Clark. Harmon and all the rest of them hn the race for democratic favor and that the chances incline to his nomina- ,jon Washington is supposed hereabouts Ko be the great head center of national foreknowedge of political events.
 have gone somewhat lengthily into the political aspects of the market sit lation. That is because it is the really Important factor in the list of funda- inentals It has been the principal ele- nent of strength in the market of late, .ind is likely to figure as such from now until the conventions meet. and then in accentuated form until the election is either actually held or it's result fore Endowed so clearly that the element of
 hance is eliminated. The conclusion at his writing is clear that neither Con kress nor the administration will indulge h any trough work" during the remain
 Ter of the year. a newly born condition which is having great weight in the
 haping of stock market prices and in Influencing the minds of the men who
 o things in Wall street and elsewhere I,t.--