Atlanta Georgian., 1912-07-04
FACT AND GOSSIP
IN MONEY MARTS
Capital Is Fast Becoming Rec
onCiIed to a Progressive
Candidate for President.
sy 3. c. FORBES.


NEW YORK. July 4-"who is capital
for?' is the question asked on all sides.
The cynic might reply For capital"
That would have been a more accurate
reply in any other presidential year than
1t is today Not few capitalists of fore
most rank are for the people. That state
ment may be scoffed at. Yet 1t ia true
Capitai has learned that victories NAV
% won at too great a price The most
enlightened fnanciers have come 10 real
iAe that 1t might be diplomatic to Let the
people nave their own way at th.s iunc
ture' 1he leave e-us-alons stand nat
policy is admitted to be impractical i'm
possible at this stage of social deyelop-
ment
Capital-more than half of it-has be-
come reconciled to a progressive candi-
date for president.
Here are the words of one Of the three
leadlng bankers in America. q stanob
friend OF Taft, formerly a supporter of
Roosevelt, and an ardent Republican,
am sorry that the Republicans
have renominated Taft and Sherman
They should have recognized the pro-
gresslVe spirit that is rampant
throughout the country At least.
progressive vice president should have
been chosen, although / understand
three or four prominent governors. de-
clined the nomination The peopls
want an administration that would he
responsive to their will and canitai
would be short-sghted If 1t tried to
force an avowedly conservative ad-
ministration upon the country"
rs capital prepared. then, to supper,
ROOSEVELT" Hpp'4
'Roosevelt's position is not vet deh-
mtely settled He says he Is deter
mined to run. but if the Democrats
nominate really strong. progressive
man It is doubtful If third party
can be successfully organized. Mr..
Roosevelt's bolt has not commanded
the allegiance he anticipated"
How would you and other fnancier.
regard strong prospects of Democratic
victory? Would there be scare7"
No there would not II a sensible
candidate be named. The worst thing
possible would be three -cornered
fight. for in that case nobody would
be able to foresee the result Three
nominees stumplng the country would
be most unsettling On the other
hand, Taft and good Democrat
would not have a disastrous effect
Democratic victory would cause no
stampede"
Has Champ Clark any chance of get.
ting the nomination? Would he be re.
garded as all right?"
Yes Clark has q very good chance.
He would be ali right, So would Gov
ernor Wilson.
This lengthy interview is given be.
cause it reflects the real views of an in
Auential section Of the financial comn1u-
nifty. There is another faction, headed
by the most powerful of all our capital
istic groups which is still deaf to the
appeals OF an awakened democracy for
larger share in the administration OF this
nations affairs. This autocratic CLIQUE
adheres 10 old-time tenets. that only the
ruling class is capable of governing the
country and that to give way one inch
would invite decentralization and disaster
It's dominating members look upon the
agitation for certain reforms as nothing
short of ire-hre that should be fought
and extinguished.
For once, therefore, Big Business NAV
be divided in its support of a presiden-
tial candidate. Certainly at the moment
no course Of action has been agreed upon