The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-07-16

| nAA VI d - NIL gan anu OOuupduy,
then the democratic party enjoys the
strictest confidence of the same royal
house of finance thru Thomas w.
Lamont, another member of the Nor
gan dynasty. Lamont is considered
the second best brains, next to the
master himself, in the firm of ]. P.
Morgan and Company. 1t will be re-
called that Mr.. Lamont was one of
Wilson's closest advisers while the
peace negotiations were going on in
Europe.
In the powerful international bank
ing corporation of Kuhn, Loeb and
Company, two Of the partners are re-
publicans and two are democrats.
Thomas Fortune Ryan, who is per-
haps the strongest figure in the whole
tobacco industry, who is the power
behind the throne of many banks, trac-
ton concerns and other corporations,
is still high in the councils of the de-
mocratic party.
Charles H. Sabin, chairman of the
Board of directors of the Guarantee
Trust Company, which has total re-
sources of nearly three quarters of a
billion dollars, the largest organiza-
ton of its kind in the United States,
is good democrat. Mr. Sabin is the
president or director Of at least thir-
ty-eight banking, railway, oil, sugar,
copper, telegraph, and steel corpora
tions. Among the gigantic corpora
tions, in which Mr.. Sabin holds sway,
are: The American Congo Company,
The Asia Banking Corporation, The
7 Cuba Cane Corporation, The Cont
mental Rubber Company, The Interna-
tional Mercantile Marine Company,
Midvale Steel and Ordnance Com
pany, Postal Telegraph Cable Com
pany, and Remington Arms Company.
Barney Brooch, king of the Wall
Street spectators, has the vetoe
power, rubber, banking, realty, and
foreign trading corporations, is a full
fedged democrat.
At the head of the Texas Oil Com
pany which has close to four hundred
million dollars in assets, is Judge
Amos L. Beatty. Judge Beatty is one
of the most prominent democrats in
the country.
The well-known shipping magnate,
Mr.. George Garden, who is also presi-
dent of the New York Stock Exchange
firm of Garden, Green and Company,
is another influential democrat.
The railway and power magnate,
Benjamin F. Yoakum, is one of the
guiding hands of the democratic party.
i Judge Robert S. Lovett, a director
of the National City bank, dominated
by the Rockefeller group; a director
of the New York Central Railway
Company, controlled by the Morgan
interests; and the president or direc
tr of twenty-three other railway, bank
ing, telegraph and trading corpora
lions, is one of the kingpins in the
democratic fold.
Among the other numerous million
aire democrats who occupy first row
, seats in the world of American finance
land industry are: Samuel Untermyer
Henry Morgenthau, George Gordon
Battle, w. M. Burrows, James w
| Gerard, the sugar magnate Norman H
Davis, and d. F. Houston, president
! of the Bell Telephone Securities Com
pany.
With such galaxy of financial ant
industrial overlords in the governing
circles of their party, the democrats
need have no concern as to who's who
in their ranks. Thus, it is easy t.
understand why one of the leading
financial writer's of the country in dis
/ cussing the relations between the rem
/ ocratic convention and business, de
; clared: 1T is recognized in most trade
| quarters that no alarming proposal:
|, affecting business are likely to bt
found in whatever platform is drawn
up. Nor are the available candidates
: Regarded with any anxiety. More in
! terest was manifested in the trade
results to follow the present warn
J spell, than in political matters"