Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1912-04-10
A MASTER POLITICIAN
Publisher Of Moody's magazine
= Claims Roosevelt Is Backed
by Wall Street. 1 .#

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= Claims Roosevelt Is Backed
by Wall Street.
John Moody, the author of the
"The Truth About the Trusts" re-
cognized as truthful and fearless
writer upon financial affairs in this
country and who throug h all Of the
concentration period has maintained
his independence Of Wall Street con-
troll, contributed an Illuminating ed
itorial on the political situation to
the March number Of Moody's mag
azine. Mr.. Moody knows what is
doing in Wall Street and in this ed
itorial he says: III
"THE POLITICAL SITUATION"
"Since the last issue of this mag
azine appeared, political events of
considerable Importance have occur
red. The Presidential campaign is
now shaping up, and the spectacular
Mr.. Roosevelt is once more in the
field as an active candidate. He
takes his position as the leading
'Insurgent," pushing all other aspir-
ants for the candidacy aside, includ-
ing his friend, Senator La Toilette,
who has done more to make the Pro-
gressive movement a possibility than
all the other "Insurgents"' combined.
"The announcement Of Mr.. Roose-
welt that he would be candidate
was great surprise to many peo-
pie, for he had on so many occas-
ions insisted and reiterated that he
would not be candidate that the
vast maj ority Of voters actually be-
lieved him.
"But it was no surprise to us. In
fact, ever since the Colonel took the
stand last summer in defense of the
Steel Corporation, it 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 at
titude is concerned, he is at heart not
a man Of profound convictions at all,
but simply a clever politician. He
saw long ago that the winning card
in 1912 would probably be radicalism
and that to win in 1912 the Repub-
lican candidate would have to be
at least as radical in the sentiments
professed, as the Democratic NOM
inee. We're the reverse the case,
and were strong reactionary move
ment in swing today, it may be put
down as sure as shooting that Mr..
Roosevelt would be as "conserva-
tive" 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" (money chests). and that
the peoples fight" is seldom won
unless the candidate has the where
with to pay the bills. In other
words, Roosevelt feels that to be
elected President this year it is just
as important for him to have Wall
Street back of him as it was in 1904.
He is convinced that with Wall
Street in direct opposition, he or any
other man in the Republican party
this year would surely go down to
defeat. So before coming out open
ly for the Nominations he was no
doubt very careful to make certain,
that Wall Street understood him all
right, and would not oppose his can
didacy.
ROOSEVELT WALL STREETS
CHOICE"
"That Roosevelt is Wall Streets
candidate for the Presidency can
hardly admit Of doubt. This fact is
no doubt being covered up as care
fully as possible, and would be de-
MED in the highest quarters, but
nevertheless we have the strongest
reasons for believing that this is the
fact. And should Roosevelt be NOM
mated and elected, the truth of this
will be apparent enough in time.
That Roosevelt is going to get the
best financial backing, is already be-
ing shown down here by the activity
in behalf of his candidacy Of GER
tain notorious publicity bureaus,
who have for years been the boost
ers of the Belmonts, the Morgans
and other financial interests, both
political and otherwise.
"The amazing thing in this whole
situation is that the sincere Progress
sives, such as Beveridge, johnson Of
California, Record of New Jersey
and many others, really believe in
Roosevelt and accept him at face
value. If some Of these men could
be made to realize how the big men
in Wall Street are laughing at them
for their childish simplicity, the stu
alton would be Interestingly"