The evening herald. (Klamath Falls, Or.) 1906-1942, 1912-04-03
THE rOrrruCAL SITUATION
ROHN MOODY. the author Of The
= Truth Tbout tho Truats." I" rccow-

ROHN MOODY, the author of The
~ Truth Tbout the Trusts" rccoE-
missed a. truthful and fearless writ
or upon financial affairs In this coun-
try. and who through all Of the con.
centration period has maintained his
independence Of Wall street control.
contributed an illuminating editorial
OH the political situation to the March
number Of Moody's Magazine. Mr..
Moody knows what Ia doing In Wall
street. and In this editorial he says.
Since the last issue Of this Mag
axinc appeared. political events OF
considerable Importance have occur
red. Tho presidential campaign is
now shaping up. and the spectacular
MIR. Roosevelt Ii once more In the
Geld as an active candidate. He takes
his position N the leading ''insurE-
ent." pushing all other aspirants for
the candidacy aside. including his
friend. Senator La Toilette. who has
done more to make the progressive
~ ovement q possibility than all the
other Insurgents" combined.
THE announcement Of Mr.. Roose-
welt that he would be a candidate was
a great surprise to many people. for
he had on so many occasions insisted
and reiterated that he would not be
candidate that the vast majority OF
voters actually believed him.
But II Was no surprise to US. In
fact. ever since the Colonel took tho
stand last summer In defense Of the
steel corporation, II seemed clear TO
us that he was at least trying to so
shape matters as to enter the canvass
this summer. While Roosevelt Is a
radical as far as his present atti.
tude is concerned. he is at heart not
man Of profound convictions at all.
but simply a clever politician. He
saw long ago that the winning card In
1919 would probably be radicalism.
and that to win In 1871? the repub-
lican candidate would have to be at
least as radical In the sentiments pro-
fessed as the democratic nominee.
Were the reverse the case. and were
strong reactionary movement il
swing today. II may be put down ~
sure as shooting that Mr.. Roosevelt
would be as conservative as Senator
Lodge or Vice President Sherman.
But while having due regard for
public sentiment. the Colonel Is prac-
teal politician enough TO know that
every campaign needs the 'sinews OF
war tmoney chests), and that the
peoples fight Is seldom won unless
the candidate has the wherewithal to
pay the bills. In other words. Roose-
welt feels that TO be elected president
this year IL Is Just as important for
him to have Wall street back Of him
as II was In 1904. He IL convinced
that with Wall street In direct opposi-
tion. he or any other man In the re-
publican party this year would surely
80 down to defeat. SO. before coming
out openly for the nomination. no was
no doubt very careful to make certain
that Wall street understood him all
right. and would not oppose his can.
didacy.
THAT Roosevelt is Wall streets
candidate for the presidency can
hardly admit OF doubt. This fact Ii
no doubt being covered up as care
fully as possible. and would be denied
In the highest quarters, but neverthe-
less. we have the strongest reasons
for believing that this is the fact.
And should Roosevelt be nominated
and elected. the truth Of this will be
APPARENT enough In time. That Roose-
velt Is going to get the best financial
backing. is already being shown down
here by the activity In behalf Of bis
candidacy Of certain notorious pub
licity bureaus. who have for years
been the boosters Of the Belmonts.
the M0rgans and other financial inter-
ests, both political and otherwise.