Perth Amboy evening news., 1920-06-04
JOHNSON s FATE
WITH PENROSE
rs Votes of Keystone State
Leader Would Mean Much
Added Strength to Johnson
BY gibson GARDNER
n. T.. A. STAFF Correspondent

| CHICAGO, June A. There is a
chance that Hiram Johnson may be
the Republican nominee after all.
At first all the prospects were for his
defeat. 1t seemed to be the machine
against the favorite of the primaries
a repetition of 1912.
But another complication has set
! in. 1t is no longer just the machine
against johnson. There is a rift In
the machine-a monkey wrench in the
cloud-so to speak.
AS usual there are two sides to Wall
Street. And as usual they are work.
| ing and scheming against each other.
There are two groups of banking in
terests and they are not in harmony.
They have different and conflicting
Interests, and different theories about
ruling the world-and choosing a
| ruler for the u. S. A.
One group which may be called the
Morgan group. is backing Gen. Leon
ard Wood and League of Nations
of the variety set forth In the treaty
plus the Lodge Reservations.
Steel VS.. Morgan
Another group, which may be called
the Steel group, cares not at all for
any League of Nations but is interest
ed primarily in dominating domestic
markets and asserting the financial
superiority of the u. s. A. This group
finds It's political outworking through
Senators Penrose and Knox, and the
America First" platform of Hiram
Johnson.
The Morgan group wants the Amer
lean presidency as an aid to stabiliz-
i ing the credit of Europe. The other
group wants the presidency as an aid
/ to the survival and increased prosper
Iity of American business. The Inter
national group are interested in the
L. hA n
are concerned more with the oil or
Mexico and California.
The international group are financ-
ing Poland and Hungary and hold
bales of the Securities" of France,
Italy and Great Britain.
The domestic group are less IN
terested in these ventures and Sc
curities but are concerned over steel,
coal, railway development and domes-
tic reconstruction.
International vs.. National
1t Is the international against the
| national-an economic schism. And
| the Republican National Convention
| Is getting the reflex of these powerful
forces.
! Penrose is a great political boss but
he is only the agent of greater bosses
| of the business and banking world,
whom he serves. They tell him what
they want Gf they are to finance the
game) and he tells them what they
can get out of the play of practical
| politics.
Pcnrose Beats Hitchcock
If Leonard Wood had the support
| of Boies Penrose (and what Is back
of him) it would be all over but the
shouting. But he obviously hasn't.
Penrose Is blocking the broad game.
| Penrose has not been 80 i'll as the
| oil ity ha nd 10 been
down at Three Rivers, Florida. the
terminal of a hardbeaten path OF
hose who traffic in Southern-and
other delegates.
/ am told that he outbid Frank
Hitchcock and that Frank thought
he had a list of delegates which he
later found were in Bosses bag.
Be that as it may it is safe pre-
dieting that Penrose will contribute
or withhold block of Southern dele
gates-and other delegates-and VIII
play very important part in the
choosing.
| just Suppose
Knox and johnson are good friends
politically and personally. Knox
Is Penrose's candidate in a nominal
sense only.
Suppose Penrose finds 1t necessary
in order to head off Wood and the
Morgan crowd. to throw his support
to Hiram Johnson. suppose Penrose
advises this as the only safe course
in the presence OF the threat of a
third party, led perhaps by La Fol-
lette Suppose Penrose believes this
course the only one which will leave
him in control of the Republican or
ganization. Suppose-but those are
enough suppositions-and all quite
near the facts-to show why Hiram
johnson may, after all be the candi'
date named by this convention.