Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-02-25
SENATOR WALSH BELIEVED TO
HAVE PRESIDENTIAL VOTES
IN HIS POCKET.
MAY BECOME CANDIDATE
FOR MERE POLITICS
Said to Control Eighty Eight Votes
and May b Able TO Dictate Nom.
Internationally Favors Vice
President Ma~shall az Party Can.
didate-New Farm Credit Proposed.
LBy T.. G.. Doughertyl

Washington, Feb. 25.-Political Oh
servers here are somewhat concerned
over the report that the thirty-six
delegates from Massachusetts, are go
ing to the San Francisco democratic
national convention either instructed
for Senator David l.. Walsh for pres
ident or absolutely committed to fol-
low his leadership in the convention.
Senator Walsh. his friends declar-
ed today, does not take any idea OF
his own candidacy seriously for a
moment. There are several reasons
why he would not accept the nom
ination even If it were possible for
him to get 1t. But he would per-
NIT the use Of his name to head off.
If necessary, the desires Of any
candidate to control the Massachu-
sets delegation.
There are reports also that some
of the other new England states
may he tied to the Walsh leadership,
and If this eventuates. Senator
Walsh will have complete control Of
eighty eight votes in the convention.
THE, power which would thus be
yielded by Senator Walsh is worry
ing friends Of all the democratic
candidates. This power is menacing
not only because of the maximum of
eighty eight votes involved, but be-
cause of It's moral effect In other
states, notably in Texas, where for
al
working for delegation which, II
constituted according to his ideas,
will never come into the administra-
ton camp, and in Missouri, where a
fight has been started against Sena-
tor Reed because of his opposition
to the administration viewpoint on
the treaty.
volved, and this. perhaps, is the
most important. Senator Walsh is
known to lean strongly towards Vice
President Marshall as the logical
democratic nominee. He has never
committed himself, but this is de-
clared by his friends to be the case.
Here again the thirty-six votes of
Massachusetts,, or even the eighty
eight votes of New England, would
not be sufficient to put over q candi-
date. hut it is known that Marshall
could have the thirty votes OF In
diana by, podding his head in accept
ance, land coupled with Walsh's
strength the pair could make a
strong demand for recognition at
the convention. Vice President Mar
shall's recent letter to the Indiana
democracy undoubtedly will result in
his selection as head OF that states
delegation at San Francisco. and as
such he will bear watching.
New Farm Credit System Proposed.
Careful consideration is being CIV
en- by the Iowa delegation In con-
gress to the bill just introduced by
Representative McFadden, of Penn
sylvania. providing for the establish
nlent of a cooperative system of
farm credit, based on personal, Sc
curity. Us distinguished from land
mortgage security. The measure
creates one central bank, forty light
branches, one in each state, and in
Vulnerable local associations or COM
munes. The central bank would have
a capital of s25. 100000 to be furnish
ed by the government. but q sinking
fund Is created to reimburse the
government for the capital advanced
by,it.
Under the bill, the Iowa branch
will have a capital of $4,000, to be
furnished by one of the big life sin
surance companies. This capital
will carry with it the right to elect
the Auditor and deputy auditors of
the rural credit system and will be