The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1920-03-24
BIG BANKERS BACK
HOOVER CANDIDACY
Campaign Managers Of Wood
and Johnson Both Attack
Former Food Chief.

NEW YORK. March 2i.-rhe John
son and Wood campaign managers
made a combined attack upon Her
bert Hoover yesterday.
Angus McSween, the Johnson man
ager, charged that a combination or
international banking interests fur-
nished the bulk OF the funds for the
Hoover campaign chest. Mr. NC
Sween also alleged that the combina-
ton hopes to put Hoover In the White
House ito guarantee the value or
forty billions OF German gold bonds
IL will offer for sale"
Wood managers issued blistering
attack upon Hoover as a Woodrow
Wilson intimate and an all but Brit
ish subject, whose chief financial In
terests since he was twenty-three
years old have been confined TO for
eign countries. mainly England.
Hsoyer's Chief Supporters.
Manager Mcsween said:
THE international banking inter
ests, at the head OF which Is the
house OF ]. Pierpont Morgan & Co,
are obviously the chief financial sup
porters OF the Hoover candidacy for
the Presidency.
Senator Knox. it will be recalled,
10 tHSSt SO
open Senate as the chief financial
supporters of the League Of Nations.
"Mr. Hoover has declared that he
Is for any party that favors the
League of Nations. The international
banking interests have apparently
the same political convictions as Mr..
Hoover
TT should be always borne In mind
that the treaty with Germany pro-
vides for the issuance OF S4O.OOO.OOO.-
900 In gold These bonds must be
handled by the international bankers.
while those who are to handle the
bonds may be justified from their own
viewpoint in seeking Government
guarantee of their operations, they
cannot be justified from the public
viewpoint in their efforts to name
the next President and control the
Government.
Morgan Syndicate Blamed.
THE home OF ]. Pierpont Nor
gan stands at the head of the inter
national bankers in this country.
There il accommodating evidence to
show thatthey are forming one of
the most powerful banking syyndi-
Gates ever known here"
Manager McSween had just been
the firm of ]. Pierpont Morgan & Co.,
is in Europe trying to arrange in
behalf of President Wilson a basis
of foreign exchange as provided by a
law recently approved. and that he il
also negotic ting for the sale OF the
$40, 600, 600, 900 worth Of German war
indemnity bonds.
Most Of Tine In Britain.
Wood managers, presumably with
the generals approval, issued this at
tack on Hoover and Lowden:
"Mr. Hoover has lived abroad, with
the exception of visits to America,
since he was twenty-three years old.
Most of his time has been spent in
England or in the British colonies,
and practically all of his financial
interests and engineering enterprises
have been in connection with British
subjects in foreign countries"
The statement adds that it is i'm
possible for Hoover to win the Re-
publican nomination because OF his in
innate association with President
Wilson and that the Hoover boom
having been inaugurated by the Dem
ocrats would be dangerous for the
Republican party.
In conclusion. the statement reads:
Both Hoover and Governor Low
den are wealthier men than Cen
eral Wood, whose salary is all he
has. Their campaign funds are larger.
Governor Lowden is a multi-million-
aire, with all the wealth of the Pull
man intrests behind him. 1t is evil
dent that Hoover's campaign is amply
financed by wealthy men,"