The Washington times., 1920-06-12

| son of An Old Guard Leader and the Financial In II
| terests Behind Mr.. Wilson's League Of Nations
The most dramatic moment in tho Chicago convention
did happen In tho convention hall occurred In room
29 Blackstone Hotel the suite of Winthrop Murray Crane
former Senator and former Governor of Massachuset
manufacturer Of great wealth
he led the remnant of the Old Guard OF his former
associates Root retired Boss Barnes has
been retired, and Senator Penrose is sick In bed
In that Senator johnson and his friends won de-
csve victory over three foroean Old Guard leader the
dominant financial interests In politics. and Woodrow VII
sons foreign league.
Mr. Wilson nominated for President the first time
largely his speeches and his book The Now Freedom
preceding emancipation from the control of Wall Street il
erests BY Wall Street interests he meant and constantly
alluded in his speeches TO- the banking house OF j. Morgan
Co., of the Steel Trust the International Mercan
tile Marine and the Coal Trust controlling various groups
Of railroads including the unfortunate New Haven wrecked
by high finance.
During his second term as President Mr. Wilson re-
vsrsed all nearly all of his earlier policies
Having demanded In two messages to Congress In time
Of peace Governmentow merchant marine and having
obtained it during the he reversed his policy and a
pointed railroad corporation lawyer turn the entire fleet
over to private interests with the Inter
national Mercantile Marine as the chief beneficiary
Having taken possession of the railroads as q war
measure he sent special message to Congress asking Con-
gress the railroads off his hands and declaring that
he had no particular policy ideas on the subject
Having gone Paris to match minds" with European
statesmen dplomatiss and fnancers in making peace he
summoned aids and counseors three members of the
Morgan banking firm, Henry P. DAWSON Thomas w.
Lamont and Dwight w. Morrow
The Morgan firm wants League of Nations. Its prin
cpa business is international banking It's most important
foreign clients the British and French governments It
is therefore anxious have the great Of the people
of the United States their State Department. and if needed
their army and navy cooperating with the international
hnanoers and plomatss for whom the Morgan hm works
The financial interests do not object to American reser
vaous to the League pact they can only get American
resources behind them.
And this exactly the attitude of the British and other
foreign governments.
Senator Crane whom Mr. Roosevelt described as "the
most skul pussyfooter in politics. was selected as the
political representative in the convention Of these great
financial interests.
But Senator Crane found in Chicago spirit Of re-
belon among tho delegates This spirit partly inspired
and most vigorously led by Senator Hiram johnson OF
California.
The bitterness of the bankers against Senator Johnon
was clearly manifested in newspapers in New York city
both of which always in matters OF this kind the
Morgan sentiments The Evening Post, owned by Mr. La
mont Of the Morgan m said in its double column dispatch
from its editorial staff correspondent on Tuesday:
Except for their longing for victory, the Re-
pubicans not united They are less united today
because Of the Lodge policy Of chronic surrender
to the johnson blackmail. Recognition
of the truth Of how hard it is to do business with
johnson and how fatal it would be to surrender
to Johnson is responsible for the expected arrival
of what after ALL may become very effective
leadership in this supposedly leaderless conpen-
ton. The stand-up fight with johnson may be con-
Quoted bv one of the old leaders. Given
such determined leadership given a man who can
put into the fight for American right and duty some
thing of the fire which johnson has put into the
denial Of American honor johnson can be beaten"
In later dispatch the Same editorial correspondent Of
the Evening Post said
tThe men who have chosen to make straight