The Birmingham age-herald., 1912-06-07

eral years rector of the Church of the Advent of which Mr. Thompson is ves- tryman, but he is now bishop of Mary land.
 Bishop Murray is hard worker, and is greatly esteemed by the people of his diocese" said MT. Thompson. He has not been to Birmingham since he was made bishop, but he remem- bers his many Birmingham friends and inquired particularly after certain of them"
 Financial Circles and the Presidency
 A prominent Birmingham democrat, who Is in close touch with the financial world, said yesterday that he was particularly in- terested this week in reading Roger w. Babson's letter relative to Wall street and the nominations.
 MT. Babson," remarked the Brming- han man, lis one of the popular contrib utors to the Saturday Evening Post. but among bankers and capitalists he is best known by his Weekly Barometer Letter. Babson's statistical organization d1loorporated) receives reports from manufacturing, mercantile and financial concerns in various centers and no one discusses banking and monetary coalitions with more clearness than MT. Babson. Writing from Wellesley Hills, Mass, un- f der date of June 3, he says in part: When President Taft was nominated and elected four years ago. Wall street strongly opposed the nomination; but did not oppose his election, much preferring Taft to the democratic nominee. During the past four years there nave been times when Wall street liked President Taft and times when it did not The safe qualities of our President, however, were not fully recognized by "big business" un- til this spring, when it was suddenly con- cluded that Taft should have the repub- lican nomination in 1912, and that 'big business" should do all possible to re- elect him.
 Consequently plans were made ac- cordingly. As is usual. Wall street works through both the democratic and the re- publican leaders. It is no respecter, either of persons or parties It Is con tributlng to President Taft's campaign fund and at the same time to Champ
 
 it has Bryan. It would like to have Har- mon for President. but does not believe that Harmon can ever be elected if nomi- \ mated. Thus to handicap iNNilson and Bryan, Wall street is said 10 have thus far financed Champ Clark's campaign. On the other hand, if Clark and Taft are nominated. Wall street will give Clark no support feeling certain that President Taft can and will in such case be re- elected thus it's desired ends may ulti- mately be attained
 Since Illinois, Pennsylvania, Ohio and certain other states have recently gone to Roosevelt, Wall street has ben holding most important conferences with both re- publican and democratic leaders, devising plans to follow if Roosevelt is nominated. In other words, Wall streets first choice would be to have Taft and Clark run and re-elect Taft. Irrespective of the claims Of the Taft campaign bureau. Mir Roose- welt does not represent Wall street. He always has had certain wealthy friends there, and certainly some rich men are now financing his, campaign; but Wall street and the so-called financial powers bitterly distrust Roosevelt
 INT. Babson then goes on to say that now conferences are in process as to how the Roosevelt headway can be checked; that from the leaders reports it is learned that great effort will be made to renomi- nate Taft or some satisfactory dark horse in the Chicago convention. and then weak man who will surely be defeated at the democratic convention in July If. however, says MT. Babson, MT. Roose- velt is renominated, Wall street will swing entirely around drop Clark unhesitating- | ly and favor the nomination of safe democrat, such as Oscar w. Underwood. | According to Babson the business inter- ests, as a whole, are so equally divided between the two parties that whichever side gets the large business support will win, while some are even so sanguine as to believe the contestants will be some safe men, such as Taft and Underwood, in which case it is immaterial to Wall street which wins