The Penn's Grove record., 1912-04-05
Whose Choice Is Roosevelt ?

John Moody, the author of the The
Truth About LlIe Trusts" recognized
lbs a truthtul and fearless writer upon
financial affairs i'll THIS country, and
who through all of The concentration
period has maintained his Independence
OF Wall Street control, contributed ali
illuminating editorial Oh the political
situation To the March number of
MoCdy's magazine. MI. Moody knows
what is dong III Wall Street, aud in
this editorial he says:
THE POLITICAL sITUATIoN."
'Since the last issue OF tins Magazine
appeared, politIcll events of consider
able Importance have occured. The
Presidential campaign is now shaping
up, and the spectacular Mr.. Roosevelt
Is once more III the field rs all active
candidate. He takes his position as
The leading "~InsuIgenJ'" pushing all
other aSplrantS Tor Tie candidacy aside.
including his friend, Senator La
Toilette, who has done more TO make
The Progressive movement Il possibility
than all the other insurgents" coul
bined.
1.-The announcement of Mr.. Roose-
welt thai he would be a candidate Was
a great surprise 10 many people, Tor lie
had on 50 many occasions insisted and
reiterated That he would not be Il eau
dldate thai the vast majority of voters
actually believed him.
but IL was no surprise to us, In
fact, even since the Colonel took the
stand last summer in defence of the
Steel Corporation, 1t seemed clear TO
us That he Was al least trying TO SO
shape matters us to enter The canvass
this summer. While Roosevelt is Il
radical, " as far as his present attitude
is concerned, he is at heart not a man
oil profound convictions at all. but
simply d clever politician. He saw
long ago that the winning card in 1912
would probably be Iadicalism and that
to win IN 1912 the Republican candI-
date would have to be at least as radi-
Cal In the sentiments pr0feSSed, as the
Democratic nominee. Were the re.
verse The case, and were d strons re-
dictionary movement Ill swing To-day,
IL may Dt put Gown as sure aS shooting
that MI. Roosevelt would be as icon
servaLlve" DIS Senator Lodge OF Vice.
President Sherman.
"But While having due regard fol
public sentiment, the Colonel is practi-
Cal politician enough 10 know thai
every campaign needs the "SmeWS of
War" (mOEey c~hesls), and that the
''people's fight" is seldom won unless
the candidate has the whereWitllal TO
pay Tie bills. In other words, Roose.
feels feels that to be elected President
this year it is just as Important Tor INN
To have Wall Street back OF him as 1t
was III 1904. He is convinced tia with
Wall Street Ill direct opposition, lie OF
any other man i'll The Republican party
his year would surely go down TO de-
feat. so before coming out openly for
The nomination, lie was no doubt very
CAREFUL to make certain that Wall
Street understood Inn all rlgat. and
would not oppose his Candidacy.
ROOSEVELT WALL STREETS CHoICE''
THAT Roosevelt is Wall Streets
candidate tor the Presidency can hard
Iy admit OF doubt. This TACT is no
doubt being covered up as Carefully as
possible, and would he denied in the
highest quarters, but nevertheless we
Lave the stlongers reasons for believing
that this Is The fact. Aud should
Roosevelt be nominated and elected,
the truth Of this will be apparent
enough III Time. That Roosevelt Is
going to get the best financial backing,
Is already being shown down here by
the activity Ill behalf Of his candidacy
OF certain notorious publicity bureaus.
who have for years been the zoos ers OF
the Belmonts, the Morgans and other
financial interests, both political and
otherwise.
1.-The amazing thing in this whole
situation Is that the sincere Progress
siYes, such as Beveridge, johnson of
California, Record OF New Jersey anu
many Others, really believe i'll ltOose-
welt and accept him at face value. Ii
some vi these inen could be made TO
realize how the zig neil i'll Wall Sire Ell
are laughing at them for their childish
simplicity, the situation would be inter-
estlug."