The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1912-07-09
Men Associated With Roose-
Velt Merely Stock Holders.
MunSey and Perkins Do Not
Speculate Now.
LITTLE USE FOR TAFT
Contributions Go to Governor
Wilson, Holland Says.
But They Are Result of Per-
sOnaI Associations.

New York, July $50 far as Wall
street, or what is commonly meant
by that term when it is used in con-
nection with political matters. is con-
cerned it will not be possible justly to
tag any candidate named for presi-
dent this year as the Wall street can
didate. Some attempt has been made
by the opponents of Col. Roosevelt to
associate with him and with the contem-
plated Progressive party certain Wall
street personalities and influences, but
SO far as any one has been able to
discover only two or three men OF
prominence in financial circles have
identified themselves with Col Roose-
welt. There have been frequent refer
ences to George w. Perkins and Frank
A. Munsey as personalities identified
with Wall street who had given their
support to Col. Roosevelt
| Mr.. Munsey, with the single exception
or his very large purchase three years
ago OF United States Steel corporation
common stock and his present holding
OF million dollars, par value of the
preferred stock, has never in anyway
! been identified with Wall street He
has his hands full of affairs entirely
apart from Wall street. He is com
templating an enlargement of his chain
OF grocery stores and he is much oc-
cupied with his publication business.
for he knows that never has coupeti-
ton between the low-priced magazines
been as intense as is the case today.
New factors have entered into the mag
azine publication business since several
or the loW-priced magazines have been
absorbed by corporations which con-
troll various publications. Mr.. Munsey
| cannot be accused of having anv die
position to align himself with those
who are combining upon a large scale
and under one holding corporation var
ious monthly publications
Mr.. Perkins is entirely out of wall
street; at least that is the view taken
by those who are now prominent as
Headers in the financial district He
| has resigned from several boards of df-
rectors and purposes further resigna
tions- He is chiefly occupied as
business man with the affairs of fba
International Harvester COMPANY and
of the United States Steel corporation,
but is occupied not speculatfveIy. but
wholly upon the operating and con-
structive side. There have been in
timations that Mr.. Otto Kahn. who is
a member of one of the leading inter
national firms of private bankers has
associated himself financially with col.
Roosevelt, but if that be true il is due
to personal friendship.
! Neither is there any strong sunnort
for President Taft of the kind which
| always impels heavy campaign con-
| tributions in Wall street. One or two
bankers of Wall street and one fnan-
cier are understood to have contribute,I
literally to the campaign which was
made for the nomination of Governor
woodrow Wilson. But that report rem
resents purely personal association ana
in one or two instances delightful So
cial and intellectual connpanionsIir
Where VIII the Funds Come F'roD,1
In view of the apparent Indifference
of Wall street to presidential notifies
the wonder is where the campaign
committee, at least of New York state.
expects to find the necessary funds with
which to meet honorable campaign ex-
penses-
In 1896 it was not necessary to an
peal to Wall street or to the bankers
of New York for funds with which to
aid in the election of Mckinley Of
fers of large amounts came spontane-
ously, for they were unasked One man
of great wealth, not now living, sent
word to the national committee In 1896
that If more funds were needed. even
although the amount were as much a
5000 900, he would see to II that the
money was raised upon the instant and
would in fact. himself advanced all
that was necessary.
There will be this year no volun-
tary offerings in large amounts. ex-
cepting, possibly, in a few cases. by
men of Wall street, to the campaign
committees of the Democratic Repub-
Iican or Progressive party. The queer.
y
market since about the first of Nav re-
fleets, so far as politics is concerned.
the indifference of financial leaders in
New York to the personality of the can
didates, Democratic or Republican.
for the presidency. This indifference,
however, was coincident and consist
ent with a great deal of curiosity and
of personal interest. but it was the
kind of curiosity and personal inter-
est which every citizen of the United
States has manifested since active
presidential politics began.
When the Campaign Begins.
Business men, the banks and i--ter-
national financiers will be chiefly oc-
cupied from this time until mid-Sep-
tember with the promise of the crops
and with the harvest. Anticipations
are now very very high, and it is COM
monty said that if the promise of the
harvest is realized then business and
not politics will command the atten-
ton of the American people. except
ing, of course. tho professional poll
ticians.
1t is observed that business men ac-
cept the organization and the cam
paign of the Progressive partly under
the leadership of Colonel Roosevelt
as facts which must be reckoned with
by the politicians. Colonel Roose-
velt's friends, those who were with
who are citizens of New York-seem
to be desperately in earnest. Mr..
Munsey, for instance. after a brief va
cation which will chiefly consist Of an
excursion across the Atlantic and back
again DurDOseS giving all of the time