The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1920-07-09

Washington, d. C.-Our capita
city bubbles over with speculation or
the Democratic convention at Sar
francisco, but by the time this Is
read the country in general Will prop
ably know the answers to the ques'
lions raised here.
The president and his following aP'
nonr to have control and the heart s
desire of the big wire pullers is for
candidate and "A platform like the ke-
Rmt # they fulfill their desires too
onenlv the party will lose labor and
farmer votes, not so much to the Re
nnbiicans as to a possible third par
~ The great question is whether
The Democratic leaders will be SUM-
GENTLY clever in the matter OF plat
form and candidate to hold the vot-
ers with one eye on thru party
and to hold big business backing AZ
the same time. ..n
If the large interests decide to bull
things through as they did at chi,
caro' in their pride of power, third
nartv with a candidate and q plat
forming bringing up the real issues
between privilege and the people
would have strong pulling power and
the Democratic machine would De
lost. ., ,.,,,a
strengthen Republican and third par
ty chances. McAdoo, on the otner
hand, has cleverly strengthened him
self with many elements likely TO
break away, while at the same time
being "safe for business" 1t LOOKS
as if he were the logical choice, WITH
someone who could make an appear
to restless farmers as running
mate. I'M ,,a
convention in Chicago shortly a1ter
the Democrats are through.
McADOO'S CANDIDACY
Bernard Baruch has investigated
the report that Harding's campaign
advisers have 1.-THE goods" on WI
liam Gibbs McAdoo. Baruch thinks
there is nothing for McAdoo to worry
about. On the other hand, frends
of the former secretary suggest that
McAdoo resigned from the CARNEY
because he was stone broke. anu that
if his creditors had swooped down on
him they would have had to take
martial settlement. He has been
practicing law and receiving big re-
tainers for the past year, and ne
wants to lay up some more tunus De-
fore trying another venture IN poll
tics. ,
The goods" which the G. O. r.
gumshoe men have located are said to
consist of facts about as follows:
That McAdoo, when secretary OF the
treasury, urged the shipping board TO
strain one of its rules us to advances
or loans to shipbuilding companies IN
favor of c. W. Morse, the former ice
king and convict, pardoned ny fres'-
dent Taft and thenceforth a promoter
of shipping and shipbuilding corpor-
atoms. That this loan was made 70
the extent of nearly $500, 0OO,O 600. anu
that it saved the adventurous morse
and his American Steamship company
and it's several subsidiary companies
from a crash. That McAdoo was
brought into the affair by his bosom
friend, Stuart Gibboney, a member of
a New York law firm, who was coun-
spicuous in the national capital rs
counsel for people who wanted war
contracts. That Gibboney represented
the Morse interests. That when the
money was advanced by the shipping
board, the stock of the American
Steamship company jumped from be-
low 2 to nearly s. That Gibboney
and others made a "killing" on this
stock, which later went down consid-
erably. No suggestion is made that
McAdoo profited personally by the
rise in the value Of this stock. 1t is
merely suggested that he helped his
friends, Gibboney and Morse.
Whatever the facts, the story is
brought up whenever the puzzle OF
McAdoo's refusal to take the Demo-
cratic nomination is mentioned in cap
ital political circles. 1t creates new
flavor on palates that long ago were
satiated with stories of Penrose's
share of the Harrisburg capitol build
ing graft, of Warren's fencing of gov
eminent grazing lands, of Lodges
living lie as to the "attack" by the
baseball player whom he first struck
in the face, and of how Foraker and
Bailey became hired men for Rookie
Teller.