Atlanta Georgian., 1912-07-04
FACT AND GOSSIP
IN MONEY MARTS.
Capital Is Fast Becoming Rec
onciIed to a Progressive
Candidate for President.
BY g. c. FORBES.

NEW YORK. July 4-"Who is capital
The cynic might reply For capital.
That would have been more accurate
reply in any other presidential year than
1t is today Not few capitalists Of fore
most rank are for the people. That state.
ment may be scoffed at Yet it Is true
Capital has learned that victories NAV
he won at too great a price The most
enlightened franciers have come to real
lze that 1t might be diplomatic TO LET the
people nave their own way at tk:s i,nc-
ture The '1eave-us- alone" stand NAT
policy is admitted to be impractical i'm
possible at this stage of social develon-
ment.
Capltal-more than half Of it-has be-
come reconoiled to a progressive candi-
date for president
Here are the words of one of the three
leading bankers In America, stancb
friend of Taft formerly a supporter of
Roosevelt, and an ardent Republican.
am sorry that the Republicans
nave renomnated Taft and sherman
They should have recognized the pro-
gresslVe spirit that is rampant
throughout the country At least .
progressive vice president should have
been chosen, although | understand
three or four prominent governors de-
cllned the nomination. The people
want an administration that would be
responsive to their will, and capital
would be short sighted II it tried to
force an avowedly conservative adj
minisration upon the country"
is capital prepared then. to suppcrt
Roosevelt 2"
"Roosevelt's position is not yet def
nitely settled He says he is deter.
mined to run, but if the Democrats
nominate a really strong, progressive
man it Is doubtful If a third party
can be successfully organized Mr..
Roosevelt's bolt has not commanded
the allegiance he anticipated"
How would you and other fnanciers
regard strong prospects of Democratic
victory? Would there be a scare?"
NO, there would not If a sensible
candidate be named The worst thing
possible would be three -cornered
fight for in that case nobody would
be able to foresee the result Three
nominees stumping the country would
be most unsettling On the other
hand, Taft and a good Democrat
would not have disastrous effect. A
Democratic victory would cause no
stampede"
Has Champ Clark any chance of get.
ting the nomination? Would he be re.
garded as all right?'
Yes Clark has a very good chance.
He would be all right So would Gov
ernor Wilson"
This lengthy interview is given be-
cause it reflects the real views of an in
fluential section Of the financial comrnu-
nifty. There is another faction, headed
by the most powerful of all our capital
istic groups. which is stll deaf to the
appeals Of an awakened democracy for
larger share in the administration of the
nations affairs. This autocratic clique
adheres to old-time tenets, that only the
ruling class is capable of governing the
country and that to give way one inch
would invite decentralization and disaster
Its dominating members look upon the
agitation for certain reforms as nothing
short of fire-fire that should be fought
and eXtnguished
For once. therefore. Big Business NAV
be divided in its support of a prestden-
tial candidate. Certainly at the moment
no course Of action has been agreed upon