The Washington herald., 1914-07-08
FINANCIAL EYES
ON WHITE HOUSE
Believe President Is Going to
Open Doors for Big
Business.
J. P. MORGAN PAVES WAY
Commercial Interests Really Are More
Anxious About Adjournment of
Congress Than Legislation.
BY FRANCIS B. GEssNER.
10 The -WashinEton Herald.

Special to The Washington Herald.
New York. July mot all the hskin1
hence incident to a holiday left New
York without a fair contingent OF the
politically inclined and some whose po-
litical wisdom is counted worth while In
years of stress.
Washington sent over a few states
men from other States. who added to the
general misapprehension Of things with
out any soaring Of conscience and learned
to answer easily and equivocally the one
leading question-'When will Congress
ADJOURN
The Congressional visitor to New York
discovers that the commercial and nnan-
cial people are now more anxious about
adjournment than in any impending ex-
ecutiVe or legislative performance. But
that is an old, old story, and the visiting
member Is much interested in learping
the temper of business and the possible
effect on the November elections OF a
continued warfare between the financial
interests and Washington.
The visit Of J. P. Morgan at the White
House was viewed variously by business
men and politicians in and out Of Con-
Eress. The ultra Democrats deprecate
the meeting half way Of their beloved
President with magnates of the Morgan
type and affect to dread resentment
will be considered a letting down and
giving in to Wall Street that will be
condemned by the righteous out In the
back townships Of Congressional dis
tricts and bring about such a result
as chilled the Democratic soul during the
second year Of the Cleveland second term
in 1894.
Here in New York the financiers and
politicians alike have taken a hopeful
INIT a
White House, hoping also that other big
business people will call and be given
cordial reception with the question mark
more frequent on the executive side and
the answers plain enough to be eminent
ly satisfactory on the little matter of
explaining why business is depressed.
The young Mr.. Morgan has never as
sumed TO put himself forward as spokes-
man or manager for the great financial
organizations of New York simply be-
cause he inherited a great name and
fortune from his father. Rather, he has
kept modestly enough in the back
ground a student rather than adviser,
but each other magnate in the financial
district knew his power and the place
to which he was entitled in a convoca-
ton Of Big Business people seeking
succor or seeking to give advice at the
desk of the first citizen of the Republic.
Possibly the Morgan call and the SUBJ
seuuent discussion of it attracted more
attention than the younger Morgan ex-
pected and promises more personal sug-
Eestion at the White House than the
Chief Executive had planned to receive,
but the New York view is that the next
week VIII see a carefully chosen dele
cation of financiers and big business
men dropping in at 100 Pennsylvania
avenue to first give thanks for the
privilege and then to add in words soft
spoken a few remarks about the uneasy
feeling in the financial world that might
be cured with, proper action or non
action at the Washington end.