Americus times-recorder., 1920-06-04
SENATOR'S HOPE
FOR NOMINATION
With PENROSE
Californian May Win out
at Chicago, Gardner
Shows
BY gibson GARDNER
N. E. A.. Staff Correspondent

CHICAGO, June 4.-There is a
chance that Hiram Johnson may he
the Republican nominee after all.
At first all the prospects were for
his defeat. It seemed to be the ma
chine against the favorite of the pri-
maries-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
working and scheming against each
other. There are two groups of bank
ing interests and they are not in har-
mony.
They have different and conflict
ing interests, and different theories
about ruling the world-and choos-
ing ruler for the U. S. A.
One group, which may be call
the Morgan group, is backing Gen.
Leonard Wood and a League of Ma
tions of the variety set forth in the
treaty plus the Lodge reservations.
Steel VS.. Morgan
Another group, which may be call
ed the Steel group, cares not at all
for any League of Nations, but is
interested primarily in dominating do
mestic markets and asserting the fl
nancial superiority of the u. S. A.
This group finds its political outwork-
ing through Senators Penrose and
Knox, and the america First plat
form of Hiram johnson.
The Morgan group wants the Am
erlcan presidency as an aid to sta
bllIzlng the credit of Europe. The
other group wants the presidency as
an aid to the survival and increased
prosperity of American business. The
international group are interested in
the Oil fields of Batum. The other
group are concerned more with the
oil of Mexico and California.
The international group are finaY-
eng Poland and Hungary and hold
Dales OF the securities" ef France
Italy and Great Britain.
The domestic group are less Inter
ested IN these ventures and securities
but are concerned over steel, coal.
railway development and reconstruc-
tion.
international VS.. NationaI
1t is the international against the
national-an economic schisnl And
the Republican National Convention
is getting the reflex of these power
full 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 tel
him what they want (if they are to
finance the game) and he lells them
what they can get out of tho play cf
practical politics.
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 so i'll as the
publicity has indicated. He has been
down at Three Rivers, Fla, the ter
minal of hard-beaten path of those
who traffic in Southern-and other
delegates
am told that he outbid Frank
Hitchcock and that Frank thought he
li"U q liSb VI uSASgdIeS Wnlcn ne later
found were in Boies' bag.
Be that as it may it is safe pre-
dieting that Penrose will contribute
Or withhold block of Southern del
egates-and will play a very import
ant part in the choosing
just Suppose
Z Knox and Johnson are good friends
politically and personally. Knox is
Penrosefs candidate in a nominal
sense only.
Suppose Penrose finds it 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 LaFollette. Sup
pose Penrose believes this course the
only one which will leave him in con-
troll of the Republican organization.
Suppose-but those are enough sup
positions-and all quite near the
facts-to show why Hiram Johnson
may after all be the candidate nam
| ed by this convention