Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-03-10
ON THE SIDE OF TAFT
Business interests Organizing
to Oppose RadicaIism.
PLAN OF JOHN WANAMAKER
Wall Street Believes the Roosevelt
Movement Will Fail.
IMPROVEMENT OF MARKET
Copper the Pioneer in the Revival
Of Prosperity-Railways Have
Few Idle Cars.
BY w. q. NICHOLAS.

Special Dispatch to The Star.
NEW YORK, March 0. The forces
which got to work last week for mar
ket Improvement are still on the job
That might not be a highbrow definition
of market conditions. but 1t describes the
situation and will not be misunderstood
The street has taken at its proper ap-
praisement the full meaning of the ad-
ministration's stand in opposition to hasty
tariff revision. and 1t Is taken for granted
that nothing that is immature will be al
lowed to find q place on the statute books
with the consent and approval Of the
President. Having thus re-established
himself in fixed opposition to radicalism
and disturbing developments, Wall street
is again turning kindly front toward Mr.
Taft. and is forgetting the harsh things
II 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 another
sterling character in the confidence of
the business and Industrial communities.
but no other such man appears just now
who measures up to the demands. unless
1t be that latest OF remote darK-hOrse
possibilities just sprung = former vice
/ 4
things might happen than his selection
as q compromise.
Business Interests Against Radi-
ca1ism.
One of the things that has helped to
build for market strength Is well
defined understanding among the real
ly important people Of the street that
the business interests will be massed
against radicalism in the coming presi-
Dental and Congress campaign. The
street has been hearing OF this Tor
some time back. and 1t has contributed
in an important degree to the under
lying strength Of a growing bullish
feeling. The announcement that MT.
Wanamaker was to head great bust
ness mems organization is recognized
as q local demonstration OF what is
designed to be a tremendous national
movement outclassing the famous Mark
Hanna campaign, and making the Har-
ago look feeble by comparison. A new
element has been discovered since Mark
Hanna was on the stage which Is to
be utilized this year, II matters go
ing strength Of not less than 100000
owners of stock in the thousands OF
corporations representing the associat-
ed business of the nation. 1t is said
to be the purpose OF the promoters ; OF o
politics to call upon this colossal army
to vote in unison for a common cause.
to wit, the protection Of vested in
terests and property. against the raids
of the mob inflamed by demagogic ora
tory and mistaken argument. This
great force IL 1T can be marshaled UNI
der strong leadership. and convinced
by argument and facts that self-in-
terest will be served by voting en-
raeen will he ennuph RI control the
election, 1t is argued. Plans are al
ready under way to bring to bear with
all the old-time theatric effect the ar
guments employed upon the millions OF
moved UP or down as Congress may
legislate on the tarif1.
Roosevelt's Defeat Expected.
Wall street is talking about these things
and is giving more earnest thought to
the possibilities and intrigues Of ma
tional politics and the policies Of candi-
dates and parties than at any time In
years. Feeling strengthens that the
Roosevelt movement will result in fail
ure, although 1t may have vitality enough
to organize q dangerous explosion at the
end-meaning a revolt and a third ticket
headed by the hero Of Kettle Hill. The
quiet talk among the people who think
tley represent the real views Ol the Hetu
marshals of high finance and high politics
Is that the tremendous business men s
organization will make such q profound
impression upon thinking and solvent peo-
pie that radicaiism will be engulfed IN ut
ter disaster when the real test Is made
at the polls in November Wall street
continues to hear from Washington that
Gov. Wilson still leads Champ Clark.
Harmon and all the rest OF them in the
race for democratic favor, and that the
chances incline to his nomination. WASH
ington is supposed hereahouts to be the
great head center Of national foreknowl-
edge of political events.
I have gone somewhat lengthily into
the political aspects Of the market situ-
alton. That is because it is the really
important factor in the list of funda-
mentals. 1t has been the principal ele-
ment Of strength in the market of late.
and is likely to figure as such from now
until the convention meets, and then
in accentuated form until the election Is
either actually held or it's result FORE
Swallowed SO clearly that the element of
| chance is eliminated. The conclusion at
this writing is clear that neither Con-
gress nor the administration will indulge
In any trough work during the remain
der Of the year. a newly born condition
which 10 having great weight in the
influencing the minds Of the men who
do things in Wall street and elsewhere
throughout the country on q large and
impressive scale. Underlying conditions
are unquestionably quieting down. Alarm
and uneasiness are more on the surface
than heretofore.
Copper Leading Revival.
Copper is doing the pioneering work